New York Bills Aim to Cut 9% Interest Rate on Defaulted EM Debt
New York state lawmakers are moving to change a decades-old law that sets a 9% interest rate on defaulted sovereign emerging-market bonds.
New York state lawmakers are moving to change a decades-old law that sets a 9% interest rate on defaulted sovereign emerging-market bonds.
Russia temporarily lifted its ban on gasoline exports to avoid overstocking at refineries as domestic supplies have met demand.
Out of the fog that claimed the life of Iran’s president, some clarity is emerging about Tehran’s next steps.
The parent company of Thames Water is exploring all options with a group of creditors after a series of board resignations.
Rio Tinto Group has declared force majeure on alumina cargoes from its refineries in Queensland, Australia, due to shortages of gas to power its operations, according to people familiar with the matter.
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