– Credit rating agency Scope cut Russia’s sovereign debt ratings to BB+ on Tuesday and placed them under review for further downgrade, citing “severe strengthening” of the sanctions imposed on…
LVIV – Ukraine raised 8.1 billion hryvnias ($273 million) on Tuesday at its first bond auction to raise money for its fight against Russia, the finance ministry said in a…
LONDON – Credit rating agency Moody’s warned on Tuesday that Russia’s move to ban the servicing of newly-issued foreign-currency debt in the wake of stiff Western sanctions had added to…
LONDON – JPMorgan said on Tuesday that Russian debt remained part of its emerging market bond indexes for now but that new debt issued by sanctioned Russian entities would not…
MOSCOW – The Russian central bank on Thursday said it was raising the ceiling for banks’ outstanding debt under repo auctions to $50 billion from $15 billion as part of…
NEW YORK – The prices of a major junk bond ETF fell on Thursday as investors pulled out of riskier assets amid a widespread selloff in global markets sparked by…
STOCKHOLM – Sweden’s Debt Office said on Thursday that strong growth would lead to better government finances and lower the borrowing requirement meaning it would cut the supply of government…
By Davide Barbuscia NEW YORK – Dimensional Fund Advisors, a pioneer of quantitative investment with $680 billion in assets under management, has increased exposure to the short end of the…
LONDON – JPMorgan’s emerging market strategists said on Wednesday that new U.S. sanctions on Russian sovereign debt announced this week were likely to have limited implications for the international investors…
By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources might be insufficient to repay…
The Biden administration announced Wednesday it will cancel $415 million in student debt for nearly 16,000 borrowers who claim they were misled by for-profit colleges. The loans for almost 16,000…
By Giuseppe Fonte and Gavin Jones ROME – Italy is working on a reform to make it easier for workers to retire early without bloating what is already Europe’s second…
By Yousef Saba DUBAI -Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since September, before unorthodox rate-cutting despite high inflation sent the…
LONDON – Governments will benefit from the biggest inflation-driven drop in debt ratios in over 20 years, credit rating firm Fitch said on Wednesday, estimating it will slice around 5…
WASHINGTON – The International Monetary Fund said on Thursday it is hoping that G20 finance leaders next week can advance proposals to strengthen a debt restructuring framework for poor countries…
PARIS -French sugar and ethanol group Tereos on Wednesday reported a jump in third-quarter core earnings as high prices helped offset a poor harvest in Brazil. Tereos, the world’s second…
By Miguel Lo Bianco and Horacio Soria BUENOS AIRES – Thousands of Argentines marched through the streets of Buenos Aires on Tuesday to protest against a likely deal with the…
By Jonnelle Marte – U.S. consumer debt loads grew in 2021 by the largest amount in 14 years as people ramped up borrowing to afford homes, cars and other goods…
By Davide Barbuscia NEW YORK – Investors are preparing for more downside in U.S. credit markets, as bets that the Federal Reserve will become more aggressive than previously expected threaten…
By Pete Schroeder WASHINGTON -Senior Democrats in the U.S. Senate are pressing JPMorgan Chase & Co for details on how they take overdue credit card borrowers to court. In a…
From the desk of Senate President Nick Scutari Trenton – Senate President Nick Scutari issued the following statement welcoming the state savings produced by the “New Jersey Debt Defeasance and Prevention…
From the desk of Paul Sarlo Trenton – Senate Budget Chair Paul Sarlo today said Treasury’s plan to pay down $3 billion in high-interest debt underscores the importance of the Legislature’s…
By Alexandra Valencia QUITO – Ecuador expects to pull together a trade deal with China at the end of this year and will begin formal debt re-negotiations with the Asian…
BRASILIA -Brazil’s outstanding public debt is expected to increase this year to a range between 6 trillion reais and 6.4 trillion reais, a rise of up to 14% on last…
MEXICO CITY -The killing last week at a hotel near Cancun of two Canadians with criminal records was likely sparked by a debt dispute linked to international criminal activities, Mexican…