More speculatively, El Salvador might be able to secure some financing from large players in the crypto space, the so-called “whales” who want to keep the idea of “nation-state bitcoin adoption&...
Tag: Default
Russia eyes new bond-payment system in bid to avoid historic default
Russia plans to use a new bond payment system that would pay off bondholders in rubles, but who will then receive these payments in dollars or euros. The move comes as Russia tries to avoid sinking in...
Russia Comes Up With a New Bond-Payment Plan to Avoid Default
(Bloomberg) — Russia is planning a bond-payment mechanism to sidestep US sanctions and a potential default as a grace period ticks down on its latest missed coupons. Most Read from Bloomberg The...
Potential debt default for El Salvador – what of bitcoin?
Since El Salvador made bitcoin legal tender back in September things have not exactly been rosy. A potential looming debt default and enemies in very high places have made the small Central American c...
US Set to Block Russian Debt Payments, Raising Odds of Default
(Bloomberg) — The Biden administration is poised to fully block Russia’s ability to pay US bondholders after a deadline expires next week, a move that could bring Moscow closer to the brink of d...
Bitcoin below $30,000: risk of default for El Salvador?
El Salvador is coming to terms with Bitcoin’s price drop below $30,000. The country, which first legalized BTC as the country’s currency, could therefore risk default with this collapse. Bitcoin’s co...
Bitcoin Losses Add to Mounting Fears of Debt Default in El Salvador
Alex Dovbnya El Salvador will struggle to secure a bailout from the IMF According to a recent report published by The Wall Street Journal, the market value of El Salvador’s holdings has plunged by abo...
Russia Can’t Shake Default Risk After Last-Minute Bond Payment
(Bloomberg) — Most Read from Bloomberg Russia narrowly avoided a debt default last week, but markets are still priced like it’s on the brink. Bonds are stuck at distressed levels and five-year c...
Russia swerves default as Putin forced into dollar U-turn
Putin – Getty Images Russia appears to have dodged its first foreign debt default in a century after the Kremlin tapped domestic dollar reserves in a humiliating U-turn for Vladimir Putin. Inves...
Russia races to avert historic default as bondholders wait for payments
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles...
The Way Of Water’ Won CinemaCon By Default
‘Avatar’ Fox and Disney On one hand, I had a generally pleasant time at this year’s CinemaCon. It was nice to be back for the first time since 2017, I got to see both The Black Phone (exce...
Russia aims to avert historic debt default with last-ditch dollar bond payments
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles...
Russia Faces New Urgency to Dodge Default, Avoid Wall Street
(Bloomberg) — Russia’s race to avoid default just escalated. Most Read from Bloomberg The country has been inching closer after JPMorgan Chase & Co., under orders from the U.S. Department of...
Historic Russian Debt Default Creeps Closer As Moscow Threatens Legal Action Over Crippling Sanctions
Topline With tightening sanctions making it increasingly difficult for Russia to pay its debt, the nation is edging closer to its first default in more than a century, credit ratings agency Standard &...
Russian Railways crashes into default as sanctions hammer Moscow
Russian Railways debt default bond Moscow sanctions war Ukraine – REUTERS/Maxim Shemetov/File Photo Russian Railways has been ruled in default on a bond after missing an interest payment last mo...
Russia’s First Default in a Century Looks All But Inevitable Now
(Bloomberg) — Most Read from Bloomberg Russia’s first external default in a century now looks all but inevitable after another brutal week for the country’s finances. First, the Treasury halted ...
Russia Skirts Nearer Default After Dollar Payment Blocked
(Bloomberg) — Russia slipped closer to a technical default after foreign banks declined to process about $650 million of dollar payments on its bonds, forcing it to offer rubles instead. Most Re...
U.S. Adds Pressure On Russia By Blocking Bond Payments, Increasing Risk Of Default
Topline The Treasury Department on Monday blocked the Russian government from making sovereign debt payments using dollars held at American banks, a move that greatly ramps up financial pressure on Ru...
Russia Evades Default as JPMorgan, BNY Mellon Process Funds
(Bloomberg) — JPMorgan Chase & Co. and Bank of New York Mellon Corp. processed a payment transaction from Russia for one of its dollar bonds, allowing the nation to continue sidestepping a d...
Pakistan Default Risk Soars, Currency Sinks on Political Turmoil
(Bloomberg) — Pakistan’s political upheaval is adding to a surge in the nation’s default risk and triggering off further losses in the nation’s bonds and currency. Most Read from Bloomberg A no-...
Russia will likely default with April 4 payment due of $2.2 billion, experts say
Investors breathed a sigh of relief last week after the Russian government made a $117 million interest payment on its foreign debt. But a much bigger payment comes due April 4 — to the tune of $2.2 b...
Puerto Rico Default Update
Just when you thought the marathon Puerto Rico Bankruptcy which launched the careers of a thousand new bankruptcy lawyers, the Governor of Puerto Rico had the temerity to kill the settlement proposal ...
Inside Russia’s 96-Hour Cliffhanger to Sidestep Bond Default
(Bloomberg) — It was perhaps the most widely-tracked coupon payment in history. Most Read from Bloomberg After the Russian Finance Ministry on Monday sent an order initiating a $117 million paym...
Russia says it avoided default on its $40 billion sovereign debt, but creditors say they haven’t been paid yet
Russia’s finance ministry said it deposited a $117 million interest payment on two dollar-denominated bonds due Wednesday, despite global ratings agencies predicting the country may be heading f...
Russia Claims It Has Made Bond Interest Payments–But Says Up To U.S. To Make Sure They Go Through Amid Fear Of Default
Topline Russia’s Finance Minister Anton Siluanov said Wednesday the country had attempted to make interest payments on two dollar-denominated government bonds, but said it was up to the United States ...
Wall Street’s Skittish Attitude Toward Putin Pays Off As Russia Default Looms
Citigroup faces the most exposure to Russian sovereign and corporate debt, recently redefining its … [+] at-risk exposure to Russia from $5.5 billion to $9.8 billion. getty Most of Wall Street h...
What a Russia debt default would mean for financial markets as Ukraine invasion continues
The threat of a Russian default on sovereign debt is seen near, but investors so far aren’t panicking over any potential hit to global financial markets. “While a default would be symbolic, it seems u...
Russia Is Likely to Default on Its Debt Soon. What That Means for Markets.
Text size Spires of St Basil’s Cathedral in Moscow’s Red Square. Cameron Spencer/Getty Images About the author: David Beers is a senior fellow at the Center for Financial Stability, a NY-b...