Inflation hurts investment outlook, Norway sovereign wealth fund CEO says
OSLO (Reuters) – Norway’s $1.5 trillion sovereign wealth fund faces growing obstacles to earning a return on its investments amid persistent inflation, already-high market valuations and geopolitical tension, its CEO said on…
Indonesian sovereign wealth fund draws $20 billion in co-investments
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Indonesia’s sovereign wealth fund has garnered more than $20 billion of co-investments from funds including Singapore’s GIC and Abu Dhabi Investment Authority, and…
Sovereign bond yields not yet reached a summit – Reuters poll
By Hari Kishan BENGALURU (Reuters) – The latest turmoil in major sovereign debt markets is far from over as bond strategists in a Reuters poll expected yields to stay elevated well into…
Ukraine’s sovereign debt freeze to trigger CDS payments
LONDON (Reuters) – A panel of investors on Friday determined Ukraine had triggered a restructuring event after a two-year sovereign debt freeze, and a default insurance known as Credit Default Swap (CDS)…
More sovereign wealth funds adopt a formal ESG policy – study
By Simon Jessop LONDON – Three quarters of the world’s sovereign wealth funds now have a formal policy on environmental, social and governance investing, yet just 30% have set a target to…
China agrees to invest $3 billion in Indonesia sovereign wealth fund
JAKARTA – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia’s sovereign wealth fund, the funds said on Monday, a deal…
Reuters end-Q2 global sovereign bond markets poll results
BENGALURU – Reuters polled more than 100 fixed-income strategists covering major sovereign bond markets from around the world during the closing weeks of one of the worst first half of any year…
World Bank calls for sovereign debt changes ahead of looming crises
By Marc Jones LONDON – A senior official at the World Bank has ramped up its calls for changes in sovereign debt laws so governments have more control when crises strike and…
IMF’s Gopinath does not see a global sovereign debt crisis yet
DAVOS, Switzerland – While government debt levels are climbing around the world, with debt burdens in emerging markets rising rapidly, so far there is not evidence of a systemic debt crisis, but…
Explainer-Washington holds key to Russia’s sovereign default
By Karin Strohecker and Jorgelina do Rosario LONDON – The prospect of a Russia sovereign default is moving centre stage again with a deadline for a U.S. license allowing Moscow to make…
Determinations committee says Russia in potential default on sovereign debt
LONDON -A derivatives panel has ruled on Wednesday that Russia could be in default after it failed to make a payment due on April 4 in U.S. dollars on two sovereign bonds,…
Global sovereign debt to rise almost 10% to new high in 2022 – Janus Henderson
LONDON – Global government debt is set to rise 9.5% this year to a record $71.6 trillion, driven by the United States, Japan and China, asset management firm Janus Henderson said in…
Explainer-Can Russia make payments on its sovereign debt?
LONDON – The United States has blocked the Russian government from paying owners of its sovereign debt from reserves held at U.S. banks, raising the spectre of default unless Russia can find…
Mexico finance panel notes risk of credit rating action on sovereign, Pemex
MEXICO CITY – Mexico’s financial stability council said on Wednesday that there is risk of credit rating action on the ratings for the sovereign and state oil firm Petroleos Mexicanos (Pemex). The…
Russia rouble payment of USD coupons would be a sovereign default -Fitch
NEW YORK – Credit ratings agency Fitch said on Tuesday that if Russia were to make two U.S. dollar bond coupon payments due Wednesday in roubles, it would constitute a sovereign default…
Credit rating agency Scope downgrades Russia’s sovereign debt rating to ‘BB+’
– 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 the country…
Factbox-Key Russian sovereign and corporate bond payment deadlines in coming days
LONDON – Tough Western sanctions on Russia and rhetoric from Moscow have raised doubts about whether the Russian government and the country’s companies will continue to make payments on their bonds in…
Low risk of sovereign rating pressures from Ukraine tensions, Moody’s says
By Marc Jones LONDON – The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody’s said on Wednesday, unless the situation continues for an…
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