Showing 1 - 4 of 4
Moody's says Russia defaulted on debt
AFP, Published on 28/06/2022
» PARIS - Moody's ratings agency has confirmed that Russia defaulted on its foreign debt for the first time in a century, after bond holders did not receive $100 million in interest payments.
Central banks in Asia spend billions to slow currency declines
Bloomberg, Published on 28/06/2022
» After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar.
Household debt crisis looms as rates hike
Business, Nuntawun Polkuamdee, Published on 28/06/2022
» With interest rates set to rise in the second half of the year, increased household debt could deal a heavy blow to the Thai economy, weakening consumer purchasing power and slowing economic growth, according to KKP Research.
How G7 can help those with debt
News, Mariana Mazzucato & Alan Donnelly, Published on 28/06/2022
» From the weekend until today, G7 leaders have gathered in Germany to discuss a litany of overlapping global crises, including the war in Ukraine, food insecurity, inflation, backlogged global supply chains, the pandemic response and climate change. These challenges have a common denominator: All are falling hardest on low- and middle-income countries that are already facing an escalating debt crisis.