Selective Default News Today

The property group, which has been scrambling to cut its debt mountain, recently repaid some bondholders a fraction of what they were owed in a tender offer.

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Sri Lankas sovereign rating remains at Selective Default (SD), but the countrys sovereign bonds were downgraded to D after missed interest payments, Standard and Poors, a rating agency said.

Main Opposition SJB says that the international rating agencies have downgraded the country, banks and financial institutions in April as a defaulter and watch negative status. As a result the country has been plunged into a dangerous financial crisis from political and economic crises where it cannot face the international community for any financial transactions. […]

Russian Finance Minister Anton Siluanov warned that Moscow could take legal action if it were forced into default due to its inability to pay its bond debts with dollars. The situation comes after the country's internationally-held assets were frozen over its war on Ukraine.

Read the latest Russia Default headlines - updated 24/7/365. We link to the best sources from around the world. Get the latest on Russias Default...

Reaction continues to pour in after Russia’s bombing on Friday of a railway station that killed dozens of civilians and injured hundreds more.

USD: Dollar to stay bid ahead of Tuesday’s March CPI release The dollar starts the week on its cyclical highs. The move remains very much driven by surging inflation and the fact that the Fed looks prepared to deal with it through ‘expeditious’ normalisation of monetary policy. The market is currently expecting the Fed to ...

(Bloomberg) -- Russia continues press a land assault in the Donetsk region while attempting to complete its capture of Mariupol in the south, which has been under a brutal siege for a month.

Clock ticks down towards a Russian default