Tag Archives: debt default

U.S. stock index futures remained subdued on Thursday amid light trading activity ahead of the Easter break, as investors awaited additional data to assess the Federal Reserve’s policy direction on the final business day of a robust first quarter. The three main indexes were poised for significant quarterly gains, driven …

As politicians work to push the agreement through Congress before the new June 5 deadline, international investors are simulating the market effects of that deal.Investors predicted that a deal between the White House and House Republicans to raise the $31.4 trillion debt ceiling would prevent a disastrous American default, increase …

Market sentiment remains divided as debt-ceiling talks fails ahead of the US inflation report. The S&P500 Futures print mild gains, US 10-year Treasury bond yields snap four-day winning streak. Updates about US default, banking fallouts can entertain traders ahead of US CPI for April. Risk profile stays sluggish during early …

US President Joe Biden and top lawmakers failed to break a deadlock on Tuesday in face-to-face talks over raising the $31.4 trillion US debt limit but vowed to meet again with just three weeks before the country may be forced into an unprecedented default.Biden called the meeting “productive” and reported …

Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …

Global rating agency S&P cut Russia rating to ‘CC’ from CCC- while citing difficulties meeting debt payments due on its dollar-denominated 2023 and 2043 Eurobonds on Thursday.“Russia’s payment difficulties stem from international sanctions that reduced its available foreign exchange reserves and restricted its access to the global financial system, markets …

Russia is spiraling closer to a historic debt default that could ripple throughout the global economy after the U.S. and its European allies hit the Kremlin with a slew of crippling financial sanctions. Moscow’s invasion of Ukraine nearly one month ago, the biggest attack on a European state in decades, …

The total sales of Evergrande, the Chinese real estate developer, declined in 2021 by 39% to 443 billion yuan, or 69 billion dollars, from 723 billion yuan in 2020. It is reported that the company’s shares were suspended from trading on the Hong Kong Stock Exchange on January 3, as …

Chinese creditors have sued Evergrande for more than USD 13 billion in overdue payments, as domestic companies owed money by the embattled property developer race against offshore bondholders to secure repayment.A Chinese court assigned to handle civil lawsuits against Evergrande has accepted 367 cases with claims amounting to USD 13.2 …

China’s Evergrande is starting to pay its overdue debt and restart some of its stalled real estate projects, but it is signaling that it wants to move away from housing and focus on building electric vehicles.According to Chinese state media, Chairman Xu Jiayin announced that the firm wants to make …