Ghana’s missed coupon payments on its foreign denominated bonds have been ruled to count as a failure-to-pay event by a panel of investors and banks. This ruling paves the way for a payout of the default-insurance contracts that are tied Read More
Companies are using price differences in the debt and derivatives markets to lower the amount they have to pay to borrow money. Investors who want to take advantage of rising interest rates buy the debt, even if the extra yield Read More
Oil was poised for a weekly rise as optimism on China’s economic revival countered concerns regarding the likelihood of further monetary policy tightening in the United States. Even though it fell below $78 a barrel, the price of West Texas Read More
According to data provided by Black Knight, more than forty percent of all mortgages in the United States were initiated in the years 2020 or 2021. This was around the time that the pandemic pushed down the cost of borrowing Read More
Friday, Tesla (TSLA) stock went up after the company said that sales in China were strong.China’s Passenger Car Association says that Tesla’s wholesale shipments from its China factory rose 32% from a year ago to 74,402 cars in February (CPCA). Read More
Bitcoin dropped by almost 5% on Thursday night after a major industry bank, Silvergate Capital, sent a late notice on Wednesday expressing doubts about the future of its business. Between 8:18 p.m. and 9:05 p.m. Thursday, New York time, the Read More
Wayne Shorter, who was 89 years old, died in Los Angeles. He was one of the best jazz saxophonists ever. Shorter was a well-known jazz musician in the late 1950s. Much of the jazz music of the 20th century can Read More
A manager of a cryptocurrency fund that oversees $400 million is appealing to Swiss banks for assistance in filling the void left by the unraveling of a crucial payments network that was controlled by an insolvent US lender called Silvergate Read More
Shares of the ailing lender Silvergate (SI) dropped by 57% on Thursday after the business announced late the previous night that it will miss a deadline on March 16 to complete its annual report that has previously been delayed. According Read More
One of the biggest names in investing in emerging markets is putting $1.9 billion on Gautam Adani’s empire. This is the biggest sign of support from a major money manager since a short-seller report cut $153 billion off the market Read More