Showing 1 - 7 of 7
Russia fails to pay debt but denies default
AFP, Published on 27/06/2022
» MOSCOW: Russia said Monday that two of its debt payments were blocked from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive.
Russia defaults on foreign debt for first time since 1918
Giulia Morpurgo and Libby Cherry of Bloomberg News, Published on 27/06/2022
» NEW YORK: Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.
Risk of imminent Russian debt default appears to ebb
AFP, Published on 18/03/2022
» NEW YORK: The possibility of an imminent Russian debt default appeared to diminish Thursday following statements from Moscow and news of a payment to JPMorgan Chase, however a ratings agency warned of a continued risk of nonpayment.
Taiwan feels chill from Ukraine crisis
Asia focus, Nareerat Wiriyapong, Published on 28/02/2022
» Countries across the world are feeling the impact of Russia's full-scale invasion of Ukraine as stock markets tumble and oil prices spike. But Taiwan is feeling a particular chill, amid concerns that it eventually could face a similar fate at the hands of China.
How to avoid the fake news trap
Business, Detlef Reis, Published on 03/06/2020
» 'Truth is so obscure in these times, and falsehood so established, that, unless we love the truth, we cannot know it," said the French mathematician and inventor Blaise Pascal.
Europe tightens curbs with economic toll worsening: Virus update
Bloomberg and online reporters, Published on 17/03/2020
» Governments in Europe tightened curbs on free movement to stem the outbreak and are exploring ways to ease the financial impact. US Treasury Secretary Steven Mnuchin is rallying Senate Republicans to quickly pass the House package of economic measures.Goldman Sachs Group now expects China’s economy to contract by 9% in the first quarter and Hong Kong’s jobless rate rose to a nine-year high. The Philippines became the first country to shut its markets in response to the widening coronavirus outbreak and some regulators in Europe banned short selling. US equity futures and European stocks reversed gains.
Airlines cut flights, face ruin as central banks take action: Virus update
Bloomberg and online reporters, Published on 16/03/2020
» Asian stocks and US stock futures tumbled as central banks took sweeping action to blunt the financial impact of the coronavirus outbreak. Italy’s government will meet Monday to pass a new package of measures after deaths jumped by 368 Sunday.