Russia is on the cusp of a unique kind of debt crisis which investors say would be a first time a major emerging market economy is pushed into a bond default by geopolitics, rather than empty coffers.
China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. The country has signaled in recent weeks that it still wants to meet its growth target of 5.5% this year. China’s Politburo meeting on April 29 sent a “strong signal that .
(Bloomberg) All the polls show French President Emmanuel Macron is likely to win a second term Sunday. But from Citigroup Inc. to asset manager Amundi SA, the warnings are piling up that markets are underestimating the risk of a surprise.
The invasion of Ukraine will drive Russia into recession, undermining its prospects in the short and long term, Stéphane Monier writes in an essay on finews.first.