(Bloomberg) — A Russian sovereign default is no longer improbable, though it’s unlikely to trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva s...
Tag: Default
Russia at risk of default within days
vladimir putin russia default risk Russia is facing effective bankruptcy as soon as Wednesday after the World Bank warned that crippling sanctions have left the Kremlin “mighty close” to a default on ...
Pimco Amassed Billions of Exposure to Russia Debt Facing Default
(Bloomberg) — Pacific Investment Management Co. built up billions of exposure to Russian debt, opening up its funds to losses as markets price in a default by the sovereign. Most Read from Bloom...
America’s Quiet Default
While not as dramatic as the Nixon shock, the Biden sanction was just as genuine a default. U.S. Treasurys in the post-1971 era were the global risk-free asset, used by friends and enemies alike to re...
Firms Exit Russia, Fitch Sees ‘Imminent’ Default
(Bloomberg) — Most Read from Bloomberg Starbucks Corp. and Coca-Cola Co. joined the steady stream of companies suspending operations or pulling out of Russia, as Fitch Ratings said a bond defaul...
Morgan Stanley Says Russia’s Set for Venezuela-Style Default
(Bloomberg) — The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion o...
Putin Signs Order to Seize Bank Deposits as Default Looms – Trustnodes
Both Reuters and BBC, citing Russian state TV, report the Russian president Vladimir Putin has signed a new law that allows him to seize the bank deposits of Russians. Reuters limits this to “the bank...
Stephen Roach says Russian default would hit emerging markets — and China
A man walks past Moscow’s stock market building in downtown Moscow on February 28, 2022. Natalia Kolesnikova | Afp | Getty Images Economist Stephen Roach warned effects from any default on Russi...
Scrambling to avert Russian default, Putin allows ruble payments to creditors
Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital cont...
The Worst Is Yet to Come for Russia’s Economy. 50-50 Odds on a Russian Bond Default.
The Kasimovskoye underground gas storage facility, operated by Gazprom, in Kasimov, Russia. Russia is under unprecedented sanctions from much of the global economy. Andrey Rudakov/Bloomberg Text size ...
Russia’s Biggest Tech Giant Yandex Warns of Default – Trustnodes
Russia’s Google, Yandex, has warned it might have to default following the suspension of shares trading on February 25th, a day after Russia invaded Ukraine. The Moscow Stock Exchange has still not op...
Will Any Retailers File For Chapter 22 In 2022?
NEW YORK – JUNE 01: A sign leading to U.S. Bankruptcy Court in lower Manhattan is seen June 1, 2009 … [+] in New York City. General Motors filed for Chapter 11 bankruptcy protection June 1...
China’s Latest Default Warning Takes Shock Factor to Extreme
(Bloomberg) — Only seven weeks ago, Zhenro Properties Group Ltd. looked like a rare beacon of strength in a Chinese real estate industry reeling from an unprecedented stretch of defaults. Most R...
Default stablecoin for Avalanche DEX is UST
Stablecoin for Avalanche is set for UST as default for all users Terra UST will provide decentralization support and innovation in the space Total valuation includes 50% of Luna’s market cap and its ...
Terra’s UST Becomes Default Stablecoin on Leading Avalanche-Based DEX
Alex Dovbnya Pangolin has made Terra’s UST its default stablecoin Pangolin, a decentralized exchange powered by the Avalanche blockchain, has made TerraUSD (UST) its default stablecoin. We’...