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The company said it would halt interest payments on about half of its $2.6 billion in bonds for 30 days.
"Fracking has real potential to drive energy bills down," George Osborne proclaims (Anti-fracking protests fail to halt interest in shale gas, 13 January).
Where banks have been compelled to halt interest payments as a condition of receiving state bail-outs (which is the case across the European Union), they have sometimes been unable to do so.
She pointed out that the Federal Reserve announced in January that it would halt interest rate increases, China's central bank had taken action to stabilize the renminbi and Hong Kong's stocks were coming back.
Credit card companies will sometimes halt interest payments, or lower them until you are employed again.
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He said he was halting interest payments on about half of a block of $2.6 billion in bonds for 30 days.
The company defaulted on its bonds Monday after halting interest payments as part of a plan to avert bankruptcy.
Strapped for hard currency, Brazil halted interest payments last month on its huge debt to foreign banks.
The party, of course, came to a halt when interest rates rose and stock and property prices crashed in 1990.
The market began a volatile period beginning with Federal Reserve Chairman Jerome H. Powell's interview on PBS on Oct. 3, in which he said "we're a long way" from a halt in interest rate increases.
This might indeed justify a halt to interest rate rises.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com