(Bloomberg) — 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...
Tag: Defaults
Revlon Has Declared Bankruptcy. More Defaults Could Be on the Way.
Text size Cosmetics company Revlon has filed for Chapter 11 bankruptcy. There could be more defaults on the way for U.S. companies. Dreamstime With fears that a recession is looming, there could be mo...
A $100 Billion Comedown: Soaring Defaults Shrink Asia’s Junk-Bond Market
Once the place to be for yield-seeking global investors, Asia’s junk-bond market has shrunk drastically and new debt issuance has slowed to a trickle. Less than 18 months ago, the dollar-bond market f...
Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond Payments
Sun Hongbin, chairman and CEO of Sunac, listens during a news conference in Hong Kong Jerome Favre/Bloomberg Sunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it ...
Bitcoin Unmoved as Russia Selectively Defaults – Trustnodes
Bitcoin is having a quiet weekend, with it not moving much after $42,000 held, at least for now. That’s even while one of the G20 economy, Russia, selectively defaults. S&P Global, the rating agen...
Putin Aims to Avert Defaults With Ruble Payment to Creditors
(Bloomberg) — 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 default...
Imminent Russian Defaults Will Lead To An Economic Crisis Worse Than In 1998
Putin’s War Daniel Leal, AFP via Getty Images In just one week, Russian President Vladimir Putin has caused hundreds of deaths and wreaked havoc in the lives of millions. He has also begun the d...