puerto rico

Puerto Rico Has Filed for the Biggest-Ever U.S. Local Government Bankruptcy

Puerto Rico announced a historic restructuring of its public debt on Wednesday, touching off what may be the biggest bankruptcy ever in the $3.8 trillion U.S. municipal bond market. ... Read More

Venezuela running out of cash

The Central Bank of Venezuela says the country is down to just $10.5 billion in foreign reserves. At the same time, Caracas has to meet debt obligations of $7.2 ... Read More
Hanjin Shipping

Hanjin Shipping Trading Halted After Plunge to Six-Year Low

Creditors decided not to provide fresh loans, Yonhap reports Shipping lines worldwide have posted losses amid slowing trade Hanjin Shipping Co. shares were suspended from trading after plunging to ... Read More
Fitch ratings

Fitch: Negative-Yielding Sov Debt in Japan Down, Europe Up

The global stock of negative-yielding sovereign debt fell modestly to $11.4 trillion as of August 2, compared with $11.5 trillion on July 15, according to Fitch Ratings. Japanese yields ... Read More

Chinese Debt Snowball Gaining Momentum

Financial crises can happen quickly, like the bursting of the tech stock bubble in early 2000, or slowly, like the late-1980s junk bond bust. The shape of the crash ... Read More

Putin Tests English Debt Law as Ukraine Feud Heads to London

Dispute challenges IMF rules on lending to nations in arrears Court case would be `fabulous’ to watch, debt scholar says Russia and Ukraine are about to test the boundaries ... Read More

Russia’s Banks Turn Away Clients as Borrowers Fall Behind

JSC Alfa Bank, the Russian private bank founded by billionaire Mikhail Fridman, is scaling back lending for all but the most affluent clients after a growing share of customers ... Read More
-1x-1-bond yields

European Banks Face Capital Hit From Second-Quarter Bond Selloff

The bond market selloff in the second quarter probably dented the capital defenses of many European banks, with lenders in Italy and Spain hit hardest. The extent of the ... Read More

Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters

Papering over the structural imbalances in the Eurozone with bailouts or bail-ins will not resolve the fundamental asymmetries in trade. Beneath the endless twists and turns of Greece‘s debt crisis ... Read More

Does The IMF Actually Want To Cause A Greek Debt Default?

When it comes to geopolitics, there are often wheels working within wheels that are working within wheels.  Once in a while we get a peek behind the scenes, but ... Read More
Broker Cyprus TopFX