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DEBT CONTAGION
Quote of the day by ‘Great Expectations’ author Charles Dickens: ‘It is a fair, even-handed, noble adjustment of things, that while…’Charles Dickens, a renowned Victorian author, understood the power of joy. His works, like A Christmas Carol, blended social commentary wit...
Give credit where it’s due: Why India’s private debt market shares none of the structural problems driving current US stressIndian private credit is not facing the same issues as the US. US private credit stress stems from fund architecture, not bad loans. India'...
Euro near one-year peak as US economic risks weigh on dollarMeanwhile, the dollar was little changed at 133.63 yen. The market consensus is that Ueda will leave ultra-easy policy settings unchanged o...
'Governance issues at Adani Group may hit stable entities'"However, the sponsor and other group entities' governance weaknesses - including highly concentrated shareholding structures across group ...
China has ability to address Evergrande situation, still risks remain: IMFIn the IMF's Global Financial Stability Report, the organization more broadly urged policymakers to "act decisively" and target continued e...
- China steelmaker default sparks debt contagion fear
China Hongqiao Group Ltd’s dollar bond due 2023 and Shandong Sanxing Group Co’s 2021 dollar bond have both dropped to their lowest levels a...
‘DHFL delay raises risk of contagion among NBFCs’About 22 mutual funds together owned DHFL paper worth Rs 5,236 crore.
Rupee will remain vulnerable till Turkey sets house in orderThe problem is most of emerging markets debt is dollar denominated.
Debt contagion in Argentina and Turkey is spreading to other countriesEmerging market countries with with highest levels of foreign cash flows are most likely to be hit by contagion.
Dollar’s gain is EMs’ painHaving been under pressure since early 2017, the US dollar index (DXY), has reversed course in recent months.
Why Puerto Rico won't go the Greece waySome commentators have even drawn comparisons to Greece, which has brought turmoil to Europe and the global financial markets.
Puerto Rico not eligible to declare bankruptcy; not the same as GreecePuerto Rico's governor warned that the island can't pay its $72 billion public debt burden but the island isn't currently eligible to decla...
- Key EU summit in Brussels to begin today
Beginning Thursday, European leaders will meet at a crucial EU summit, the third since October 2008, to deliberate on how to contain the de...
- EU leaders struggle to tame debt crisis amid contagion
Europe’s fractious government leaders were back in the spotlight after a divided European Central Bank restarted its bond-purchase programm...
- EU fault on debt contagion runs deeper
European Union divisions widened over how to contain the debt contagion that threatens the euro, limiting a summit starting on Thursday to ...
- Euro falls against US dollar, yen on debt contagion fears
The euro fell against the greenback and yen in Asian trade Tuesday as investors fretted about the eurozone's debt woes, analysts said.
India may gain from moderate debt crisis in Europe: BasuChief economic advisor Basu says Europe crisis may turn advantageous for India as more money flows in.
- Greek debt contagion fears spreading fast
Greek debt contagion fears are spreading fast. Suddenly, emerging market bonds have turned unattractive as they are losing big money for th...
- Greece debt crisis may impact European banks: Moody's
Global ratings agency Moody's today warned that potential contagion of the worsening Greek debt crisis could hit the banking systems in som...
- Europe faces debt contagion fear
The euro slid further amid fears that Greece's debt crisis would spread across the continent, after a ratings agency warned that contagion ...