Sri Lanka has reached a long-delayed debt restructuring pact with its international and local sovereign bondholders. This comes after consu...

Sri Lanka's bankrupt economy is expected to grow by 4.5% YoY in Q4 2023, following six consecutive negative quarters. The Central Bank repo...

An IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between ...

The island nation is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions...

Reuters reported yesterday citing two unnamed sources that Adani Group had told creditor about securing the loan. The credit line from the ...

The credit line from the sovereign wealth fund could be upsized to $5 billion, said the two sources, citing a memo that was circulated to p...

Western sanctions imposed after the Kremlin's Feb. 24 invasion of Ukraine, and countermeasures from Moscow, have complicated the movement o...

Bloomberg said the administration has decided against extending the waiver as a way to maintain financial pressure on Moscow. Western sanct...

The island nation has been hit by prolonged power cuts, with drugs, fuel and other items running short, bringing angry protesters out on th...

The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from "countries that engage in hos...

IDBI Trusteeship wants the tribunal to seize the assets of Reliance Home Finance and Reliance Capital to recover the dues.

It further said that it is keen to "resolve the credit watch status within a few weeks, or, at the latest, in the next three months".

The Bahrain branch of HDFC Bank has raised about $1.2 billion through bonds issuance while ICICI Bank has mopped up approximately $600 mill...

Sintex Industries raises money through a mix of FCCB and shares sold to qualified institutional investors.

Standard & Poor's has downgraded the sovereign ratings of Greece to "selective default", citing the crisis-hit nation's move towards "distr...

Duvvuri Subbarao blamed the financial leaders of the West for letting the so-called innovations cause the second global crisis in less than...

Investors dumped Irish and Portuguese bonds, heightening speculation that the countries might soon have to follow Greece in seeking an EU b...