Fitch affirms Ukraine's rating at restricted default levelFitch Ratings has maintained Ukraine's long-term foreign currency sovereign credit rating at 'RD' (restricted default) as the war with Russ...
07 Dec, 2024, 11.29 PM IST
Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuringUkraine has finalised a major $20 billion debt restructuring, facilitated by financial adviser Rothschild & Co, to save $11.4 billion over ...
03 Sep, 2024, 11.52 AM IST
Global debt dominates G20 finance talksIndian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the responsib...
17 Jul, 2023, 05.51 PM IST
Yellen is visiting India yet again to promote closer ties and tackle global economic problemsU.S. Treasury Secretary, Janet Yellen, is set to meet finance ministers from the Group of 20 countries in India, following a trip to Beijin...
16 Jul, 2023, 12.14 PM IST
Janet Yellen says Ukraine aid best boost for global economyYellen, speaking on the sidelines of a G20 finance minister summit in India, said a "key priority" was "to redouble our support for Ukraine...
16 Jul, 2023, 11.09 AM IST
World Bank could lend $50bn more over decade with reform: YellenAs global growth slows, the World Bank previously warned that the outlook is especially tough for the poorest economies -- which face slugg...
08 Apr, 2023, 09.00 AM IST
Most G20 nations condemn Russia for war but China stays silentIn a statement at the end of financial leaders' meet near Bengaluru, India said the statement condemning Russia's war was endorsed by all m...
25 Feb, 2023, 07.26 PM IST
IMF flags debt restructuring hurdles, says banning crypto should be an optionIndia's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due ...
25 Feb, 2023, 10.54 AM IST
IMF flags debt disagreements, says banning crypto should not be off table"On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of al...
25 Feb, 2023, 10.01 AM IST
Not an era for war, India says as G20 finance meet startsThe Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India's G20 presidency. The meeting str...
22 Feb, 2023, 01.22 PM IST
Global finance leaders single out China as barrier to faster debt reliefU.S. Treasury Secretary Janet Yellen said on Friday that high inflation, tightening monetary policies, currency pressures and capital outfl...
15 Oct, 2022, 07.13 AM IST
Ukraine's creditors agree 2-year freeze on $20 billion overseas debtWith no sign of peace or a ceasefire on the horizon nearly six months after Russia's invasion began, holders of around 75% of the outstandi...
12 Aug, 2022, 12.22 AM IST
Ukraine's richest man plans to sue Russia for huge lossesThe Azovstal steelworks suffered heavy damage from Russian bombing and shelling after the sprawling plant became the last bastion of defenc...
26 May, 2022, 07.50 PM IST
Tag Sri Lanka as 'low-income': FM Sitharaman urges IMFSri Lanka was classified as a middle-income country at the start of the pandemic. Sitharaman argued that given the nature of Sri Lanka's ec...
24 Apr, 2022, 11.59 PM IST
What is a debt default and what is the risk for Russia?A country is considered to have defaulted on its debt when it is unable to honour its financial commitments on time with its creditors. The...
10 Mar, 2022, 09.08 AM IST
Vladimir Putin asks IMF to help Ukraine pay off $3 billion debt to RussiaPutin called Tuesday on the International Monetary Fund (IMF) to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay...
13 Oct, 2015, 10.13 PM IST
Ukraine faces bankruptcy if it cannot secure a $15 billion bailout 'within weeks'The shortfall comes after Ukraine's gross domestic product (GDP) fell by 5.3% in the third quarter of 2014 as the country, the State Statis...
11 Dec, 2014, 02.32 PM IST