Moscow has defaulted on its debt for the first time since the Russian Revolution. Here’s what that means
After sanctions were imposed over its war in Ukraine, Russia has defaulted on its foreign debt for the first time ...
Tag: debt
In Indonesia, ‘pay later’ services leave some drowning in debt
Ubud, Indonesia – Nadhea Putri’s mounting debt began with a single mobile phone purchase. Putri, who lives in Kuala Kapuas, ...
Russia defaults on foreign debt for the first time since 1918
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions ...
Bondholder sues Sri Lanka in US court
In its lawsuit, the bondholder said the default is being ‘orchestrated by officials at the highest levels of government’.By Chris DolmetschBloombergPublished ...
As many countries turn away from Russian oil, Sri Lanka may be forced to buy more
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel during ...
Alana is only 18, but she already owes $8,000 to buy now pay later companies
Alana is only 18, but she is already thousands of dollars in debt.Key points:Consumer groups and charities have signed an ...
The Fed Issued Its Biggest Rate Hike In 22 Years. Here’s How That Will Affect Your Finances
WASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost ...
$12 billion pandemic repair plan centrepiece of Victoria’s election-year budget
Victoria's election-year budget will pile on debt to fix the state's beleaguered health system and continue to pump money into ...
Resolution primary objective of IBC; but recovery important too: SBI MD
The primary objective of the Insolvency and Bankruptcy Code (IBC) process is resolution of a distressed firm, but ...
As Sri Lanka is set to start IMF talks, what are its options?
When Sri Lankan officials arrive in Washington this week to meet with the International Monetary Fund amid an economic and ...
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