Egypt Downgraded Deeper Into Junk by S&P on Currency Squeeze
Egypt was downgraded for the second time this month, as the North African nation struggles with a severe
2023-10-21 13:55
China’s Property Woes Pour Cold Water Over Steps to Boost Stocks
An intervention in the stock market. Liquidity injections by the central bank. More curbs on short selling. And
2023-10-21 08:50
John Paulson’s $1 Billion Caribbean Empire Faces Betrayal
In the decade since hedge fund billionaire John Paulson took a grand gamble on Puerto Rico, he’s faced
2023-10-21 02:48
Naira Official Rate Sinks to Near 1,000 on Scramble for Dollars
The naira slid to the brink of 1,000 per dollar in a fresh low in the official market
2023-10-20 23:50
Canada Retail Sales Are Flat, Cementing October Rate Pause
Canadian consumers are tightening their purse strings, cementing a case for the Bank of Canada to hold interest
2023-10-20 23:16
Shekel Traders Grow More Bearish Despite Central Bank Interventions
Israel is staring down a currency market that’s succumbing to fears over the nation’s intensifying war with Hamas,
2023-10-20 20:21
Pimco Is Selling Hung Debt It Bought From Banks for a Premium
Pacific Investment Management Co. spent some of last year scooping up debt that banks couldn’t sell at knock-down
2023-10-20 19:21
Adani Refinances $3.5 Billion in One of Asia’s Biggest Loans
Billionaire Gautam Adani-controlled Adani Group has completed a $3.5 billion funding package to refinance debt used to purchase
2023-10-20 17:25
Economists Boost US Growth Projections, Reduce Recession Odds
Economists raised their US growth projections through early 2024 and trimmed recession odds to a one-year low as
2023-10-20 16:49
UK Borrowing on Track to Undershoot as Inflation Boosts Tax
An inflation-induced tax boom has left UK government borrowing on track to come in significantly below official forecasts
2023-10-20 15:47
UK Retail Sales Fall More Than Expected in Spell of Warm Weather
UK retail sales tumbled more than expected as unusually warm weather deterred shoppers from spending on clothes for
2023-10-20 14:54
Bitcoin’s Rival Ether Falters in Shadow of Elevated Treasury Yields
A key pillar of demand for Ether, the second-largest digital token, is weakening against a backdrop of elevated
2023-10-20 14:21