More junk-rated US companies to default in Q1, Moody’s forecasts
By Matt Tracy (Reuters) – Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, according to a Thursday report…
By Matt Tracy (Reuters) – Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, according to a Thursday report…
LONDON (Reuters) – Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond.…
HONG KONG (Reuters) – Fitch Ratings downgraded Dalian Wanda Commercial Management Group to “restricted default (RD)” from “C” on completion of the distressed debt exchange, and simultaneously upgraded the firm…
The District Court for the Middle District of Florida permanently enjoined Tyrone Johnson and TJ Professional Services LLC yesterday from preparing federal income tax returns for others, from owning or…
(Reuters) – China’s Country Garden Holdings is likely to avoid its first default on yuan bonds after most holders of a local note agreed not to demand repayment this week,…
(Reuters) – Powerlong Real Estate said on Wednesday its cash on hand and bank deposits would not be enough to cover existing and future debt, making it the latest Chinese…
By Steven Scheer JERUSALEM (Reuters) – First International Bank of Israel (FIBI) reported a dip in third-quarter net profit, hurt by a quadrupling of its provisions to protect against future…
LONDON (Reuters) – Israel’s shekel hit its weakest level since early 2016 and the cost of insuring the country’s sovereign debt against default soared on Tuesday after a bloody weekend…
By Marc Jones LONDON (Reuters) -Higher interest rates and a near stalling of Europe’s economy will put pressure on the credit ratings of the region’s companies, property firms and banks…
By Steve Scherer ROME (Reuters) – Giorgio Napolitano, who died on Friday aged 98, was one of modern Italy’s most important presidents as he steered the country away from the…
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave…
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in…
(Reuters) – Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted the government’s $31.4 trillion debt ceiling and averted a historic…
By Rocky Swift TOKYO (Reuters) – Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after U.S. lawmakers voted to raise the debt limit…
NEW YORK (Reuters) – The cost of insuring exposure to a U.S. debt default rose on Wednesday, with investors focused on a debt ceiling vote in the House of Representatives…
NEW YORK (Reuters) – The probability of a U.S. default has declined to its lowest since January, according to MSCI estimates, as a debt ceiling deal gets closer to the…
LONDON (Reuters) – A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest monetary tightening cycle in 15 years,…
Yellen Shifts Debt Default Date To June 5 Arjun Singh on May 26, 2023 Treasury Secretary Janet Yellen has extended the probable date that the U.S. will default on its…
(Reuters) – The cost of insuring exposure to U.S. government debt dropped on Friday as U.S. President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a…
By Gertrude Chavez-Dreyfuss, Saeed Azhar and Davide Barbuscia NEW YORK (Reuters) – Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders…
WASHINGTON (Reuters) – A debt default would deal significant, unambiguous damage to US national security, negatively impacting military readiness, morale and its capabilities, the top US general told a news…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The central banks of South Korea and Indonesia announce interest rate decisions on…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An expected interest rate hike in New Zealand will be the main regional…
WASHINGTON (Reuters) – The U.S. Treasury said on Tuesday it is asking other federal agencies for greater clarity and communication on the payments they expect to make and receive in…
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen on Tuesday warned that a U.S. default on government debt would leave millions of Americans without income payments, potentially triggering a recession that…