EXPLAINER: What's the impact of a Russian debt default?

LONDON (AP) — Russia appeared to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial...

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the...

Germany financial watchdog sees limited impact of Ukraine war on financial system

BERLIN - Germany's financial stability committee on Monday said the direct effects of Russia's war on Ukraine are manageable for Germany's financial system as a whole as the direct claims of...

Russia defaults on debt for 1st time in more than a century

LONDON - Russia defaulted on its foreign sovereign bonds for the first time since the Bolshevik revolution, as sweeping sanctions effectively cut the country off from the global financial system...

Factbox-Western ban on Russian gold imports is largely symbolic

MOSCOW - A move by Britain, the United States, Japan and Canada to ban new imports of Russian gold is being seen as largely symbolic within the global gold market as Russian exports to the West...

Timeline

By Jorgelina do Rosario LONDON - In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks' repudiation of Russia's external debt: "Gentlemen, you were...

EXPLAINER: What's the impact of a Russian debt default?

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed...

Biden, G-7 Will Ban Russian Gold Imports

Biden, G-7 Will Ban Russian Gold Imports Having sparked hyperinflation in European gas prices and record energy costs around the globe with their poorly thought out Russian energy...

Russia slides towards default as payment deadline expires

By Karin Strohecker LONDON - Russia edged closer to default on Sunday amid little sign that investors holding its international bonds had received payment, heralding what would be the nation's...

Analysis-Running short of gas: Russia's pipeline repair has Europe worried

By Nina Chestney and Vera Eckert LONDON/FRANKFURT - When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won't turn it...

Russia Is Still Earning More Than $100 Million Every Day From Oil Sales To Europe

Russia Is Still Earning More Than $100 Million Every Day From Oil Sales To Europe By Tsvetana Paraskova of Oilprice.com Russia is earning more than $100 million every day from the gas...

Russia pays dollar-bonds in roubles as it seeks to avoid default

LONDON - Russia's finance ministry said on Thursday it had fulfilled obligations on two dollar-denominated Eurobonds "in full" by sending interest payments in roubles to its National Settlement...

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.36%

Investing.com – Denmark stocks were lower after the close on Thursday, as losses in the Oil & Gas, Financials and Personal & Household Goods sectors led shares lower. The best performers of the...

Futures Rebound As Hopes Of Imminent Recession Spark "Bad News Is Good News" Reversal

Futures Rebound As Hopes Of Imminent Recession Spark "Bad News Is Good News" Reversal In a world where bad news is good news, and where the looming recession means an end to rate...

Futures rise as lower Treasury yields boost high-growth stocks

- U.S. stock index futures edged higher on Thursday as easing government bond yields lifted high-valued growth stocks, while investors awaited business activity data and Federal Reserve Chair's...

Citigroup sees chances of global recession nearing 50%

- Citigroup (NYSE:C) is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the impact of...

Russia sent dollar-Eurobond coupon payouts to NSD in roubles

MOSCOW - The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds "in full" by sending 12.51 billion roubles ($234.5 million)...

Russia sent dollar-Eurobond coupon payouts to NSD in roubles

The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds "in full" by sending 12.51 billion roubles ($234.5 million) in coupon...

Dollar Edges Higher, Rebounding After Powell-Inspired Losses

By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Thursday, stabilizing after earlier losses as growing recession worries resulted in Treasury yields...

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports...

Exclusive: India aims to keep FY2023 fiscal deficit at last year's level

By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI - India's government won't be able to cut its budget deficit in the current fiscal year as previously projected, officials said, but will seek to...

Yen At 150 Per Dollar?

Yen At 150 Per Dollar? By Ven Ram, Bloomberg Markets Live commentator and reporter The global inflation narrative needs to stay on the front burner persistently for the yen to decline...

UK Government Reverses Stance on Data Collection of Self-Custody Crypto Wallets

The United Kingdom’s finance ministry is issuing new guidance on when crypto businesses can collect identifying information relating to self-custody wallets. After extensive consultation, the UK...

Putin signs decree on new scheme to service Eurobonds as default looms

LONDON - President Vladimir Putin signed a decree on Wednesday to establish temporary procedures aimed at fulfilling Russia's foreign debt obligations as the country teeters on the brink of...

Crypto giant Tether to launch sterling-pegged stablecoin

By Elizabeth Howcroft and Tom Wilson LONDON - Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up...

Colombian peso, market down on leftist Gustavo Petro's presidential win

By Nelson Bocanegra BOGOTA - Colombia's peso currency, its stock index and shares in state-run oil company Ecopetrol fell on Tuesday after leftist Gustavo Petro was elected president in a Sunday...

UK Government Makes U-turn on Unhosted Crypto Wallet Transactions

The government of the United Kingdom will no longer require identification details from every sender and recipient of funds in private crypto wallets. This update came via a recent report from Her...

Bank of Japan Spends A Record $81 Billion To Avert Collapse, But $10 Trillion JGB Market Is Now Completely Broken

Bank of Japan Spends A Record $81 Billion To Avert Collapse, But $10 Trillion JGB Market Is Now Completely Broken Exactly one week ago, when quantifying the dizzying cost of the BOJ's...

German tax take soars, but war clouds outlook

BERLIN - Germany's estimated tax take over the first five months of the year was 15.1% higher than last year, thanks partly to a strong recovery from the pandemic and despite the war in Ukraine,...

Exclusive-UAE to build Red Sea port in Sudan in $6 billion investment package

By Nafisa Eltahir CAIRO - The United Arab Emirates will build a new Red Sea port in Sudan as part of a $6 billion investment package, DAL group chairman Osama Daoud Abdellatif, a partner in the...

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