Tricolor Considered Restructuring Before Its Sudden Demise
While signs of distress at the subprime lender were largely unknown until this week, the company considered a Chapter 11…
Russia Says Drone Attack Hasn’t Affected Bashneft Refinery Work
Russian authorities say a fire at the Bashneft PJSC complex, caused by a Ukrainian drone attack on Saturday, is extinguished…
Warner Bros. Brings Big Win for Fallen Angel Debt: Credit Weekly
Warner Bros. Discovery Inc.’s junk bonds surged this week, handing big gains to investors that bet on the company when…
Economists See Fed Rate Cut Next Week, at Least One More in 2025
Cracks in the job market will likely prompt the Federal Reserve to execute a series of interest-rate cuts in the…
Russia Cuts Key Rate to 17% Defying Calls for Quicker Easing
The Bank of Russia opted for a smaller interest-rate cut than expected despite calls for more aggressive monetary easing due…
ECB Hands Baton for Interest-Rate Cuts to the Fed
I’m Chris Anstey, an economics editor in Boston, and today we’re looking at how the ECB is passing the rate-cutting…
IMF Sees Africa Needing More Credit After Loans Top $69 Billion
Demand from African nations for financing from the International Monetary Fund is expected to remain high, as debt burdens mount…
Corporate America Bets on Fed Cuts With Longer-Dated Holdings
Companies are moving some of the excess cash on their books into longer-term securities, betting that rate cuts from the…
Bogotá’s Priciest New Condos Defy Colombia’s Housing Slump
A luxury complex is rising out of a former patchwork of properties in a city where new construction is largely…
Argentina Let the Peso Plunge and Then Stepped In to Contain Losses
President Javier Milei’s administration unexpectedly allowed the peso to weaken this week, while simultaneously moving to prevent the rush out…