emerging-markets
Top StoriesCredit Suisse to Promote Low to Asia Pacific CEO -Sources
Top StoriesExclusive-IMF Hopes to Mobilize $45 Billion for New Trust to Aid Broader Range of Countries
Top StoriesSri Lanka Unilaterally Suspends External Debt Payments, Says Needs Money for Essentials
Top StoriesU.N. Shifts Aid East in Ukraine, Plans Convoys to Rebel Areas
Global Bond Sales to Cross $10 Trillion in 2022 -S&P
Date: April 5, 2022
LONDON (Reuters) -Global sovereign borrowing will reach $10.4 trillion in 2022, nearly a third above the average before the coronavirus pandemic, S&P Global Ratings said in a report. Despite an economic recovery, borrowing will stay elevated because of high debt rollover requirements and war in Ukraine, the ratings agency said in an annual note. While...
Analysis-Russia-Ukraine Fallout Starts Felling Fragile ‘frontier’ Economies
Date: April 4, 2022
By Rachel Savage and Marc Jones LONDON (Reuters) – The fallout of the Russia and Ukraine war has just helped tip two of world’s poorest countries into full-blown crises, and the list of those at risk – and the queue at the International Monetary Fund’s door – will only get longer from here. They may...
Russia, China Woes Risk Worst Em Corporate Default Wave Since Financial Crash – JPMorgan
Date: April 4, 2022
By Marc Jones LONDON (Reuters) – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global financial crisis. A new report from the bank’s analysts on Monday estimated the EM-wide default rate would now reach 8.5%, more than...
Markets in Q1: Invasion and Inversion Shake World Order
Date: March 30, 2022
By Marc Jones LONDON (Reuters) – Investors had hoped 2022 would be the year when the market recovery from COVID-19 finally got cemented and life started to feel a little more normal. Boy were they wrong. Russia’s invasion of Ukraine combined with supercharged global inflation have ignited talk of new geopolitical and economic world orders,...
Wheat Prices Soar on Ukraine Fears, but U.S. Growers Can’t Cash In
Date: March 21, 2022
By Julie Ingwersen and P.J. Huffstutter CHICAGO (Reuters) – After Russia’s invasion of Ukraine sent global wheat futures soaring, U.S. farmer Vance Ehmke was eager to sell his grain. Local prices shot up roughly 30% to nearly $12 a bushel, about the highest Ehmke could recall in 45 years of farming near the western Kansas...
Sanctioned Russia Teeters on Brink of Historic Default
Date: March 16, 2022
By Marc Jones LONDON (Reuters) – The economic cost of Russia’s assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution. Moscow is due to pay $117 million in interest on two dollar-denominated sovereign bonds it sold in...