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Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan – Reuters.com

EM wide corporate default rate seen at highest since GFC Ukraine expected to see near 99% corporate default rate Russia forecast to see 27% default rateHalf of riskier Chinese property bonds may have defaulted by year end LONDON, April 4 (Reuters) – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s …

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Russia steps up economic retaliation with Eurobond rouble buyback offer – Reuters.com

A Russian rouble banknote is seen in front of a descending and rising stock graph in this illustration taken March 1, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Eurobond rouble payment offer revives default fears Moscow does not say if bondholders must take roubles Russia has already demanded gas payments …

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Thai finance minister sees slower growth, interest rate to stay low – Reuters.com

Sees economic growth in Q1 y/y, q/q Says monetary policy should continue to aid recovery Says baht level ‘appropriate’, supports exports Sees inflation at 3%-4% this year, above target range BANGKOK, March 28 (Reuters) – Thailand’s economy could grow 3.0%-3.5% this year, less than an earlier forecast due to soaring oil prices driven by the …

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EU bars 7 Russian banks from SWIFT, but spares those in energy – Reuters.com

BRUSSELS, March 2 (Reuters) – The European Union said on Wednesday it was excluding seven Russian banks from the SWIFT messaging system, but stopped short of including those handling energy payments, in the latest sanctions imposed on Russia over its invasion of Ukraine. Russia’s second-largest bank VTB (VTBR.MM), Bank Otkritie, Novikombank, Promsvyazbank (PSKBI.MM), Bank Rossiya, …

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Japan households accumulate record financial assets as COVID curbs spending – Reuters.com

A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Households’ financial assets at record $17 trln as of Dec – BOJ Roughly half of households’ assets held in …

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