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GLOBAL DEBT SHOWDOWN
US control of Venezuela oil risks debt restructuring showdown with ChinaAs the United States tightens its hold on Venezuela's oil shipments, a ripple effect is emerging across geopolitical lines. The alteration ...
Rich world puts on show its financial quagmireAdvanced economies face escalating political dysfunction and debt crises this week. The US shutdown, France's fiscal talks, Japan's new deb...
U.S heading for default in 2025, potentially tanking the U.S. credit rating and sending shockwaves through global marketsThe situation highlights the urgent need for bipartisan cooperation to address the debt ceiling and avoid a potentially catastrophic outcom...
Vedanta Resources' bond restructuring plan faces resistance from investors seeking better termsInitial feedback from investors in Singapore and Hong Kong reveals discomfort with the proposed restructuring, raising the possibility of o...
What's in the debt ceiling deal Biden, McCarthy are negotiating?The U.S. government will spend $936 billion on non-defense discretionary spending in 2023, the Office of Management and Budget estimates, m...
Fitch puts US rating on negative watch as debt deadline loomsFitch put the country's "AAA" rating, its highest rank, on a negative watch in a precursor to a possible downgrade should lawmakers fail to...
Biden meeting with Indo-Pacific leaders at G7 summit while confronting stalemate over US debt limitPresident Joe Biden is focusing on rallying regional cooperation against China on the sidelines of the Group of Seven summit while facing t...
Yellen hopeful of a solution to 'more difficult' debt ceiling showdownUS Treasury Secretary Janet Yellen has stated that the stand-off over raising the US debt ceiling is "more difficult" than in the past, but...
Republicans pass bill to avert US debt crisis, slash spendingThe government is expecting to hit the debt ceiling within weeks, raising the possibility of the world's largest economy defaulting on repa...
Treasury Department now taking ''extraordinary measures'' on debtThose differences increase the risk that the government could default on its obligations for political reasons. That could rattle financial...
Wall Street Week Ahead: Investors wary on Washington, balancing debt ceiling and infrastructure billAt issue is not only the bipartisan infrastructure bill, but an expected $3.5 trillion in proposed spending in a Democrat-led reconciliatio...
Treasury traders brace for volatility with debt-limit chaos nearIn a protracted 2013 debt-limit episode, Fitch Ratings put the U.S. rating on negative watch given the government’s failure then to raise i...
History says your EM carry trade could end in tearsInvestors reaping handsome returns on emerging-market (EM) currencies this year might do well to heed a warning once made by Harvard econom...
India frets over $59bn investment in US debtThe investment, estimated at $59.1 billion in July , is not as astronomical as the one China owns ($1.3 trillion).
India must have a contingency plan if US defaults on debt: AssochamIndia must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default.
Key economic events to watch out forHere are the developments that will have a bearing on the economy, and your finances, as they unfold during the year.
Debt? America's fiscal conservatives content with lower taxes & ballooning debtTo be "fiscally conservative" means to worry a great deal about the budget deficit and debt levels - and to push these issues to the top of...
- Global downer looms: Greece may exit eurozone
The panic roiling the markets is driven by the fear that Grexit will not be a standalone event - with Grexit being followed by Italeave and...
- Debt battle could lead to government shutdown
Fresh from US election victory, Republicans face a rapid test of their debt-slashing resolve, one that could spark a government shutdown an...
- Iceland close to bankruptcy on meltdown fears
The country's top four banks now hold foreign liabilities in excess of $100bn, debts that dwarf Iceland's GDP of $14 bn. Top banking crises...