Russia evades default through sheer force of will; Kremlin speaks
On Monday, Russia deflected claims that the country had been plunged into default after external debt remained unpaid over international Eurobonds transactions. It had redirected investors to financial agents from the West saying the payment was allegedly sent by the nation to the investors but never reached because of outsiders’ intervention.On the same day, the […]
G7 fixate on stricter sanctions to impose on Russia, oil rates wobble
G7—or the Group of Seven, is comprised of powerhouse nations Japan, Italy, Canada, France, Germany, the U.K., and the U.S. They are an intergovernmental forum dedicated to having periodical meetings, meant to address global economic or monetary problems that may affect any of the nations. Their newest concerns center around the Western-imposed sanctions on the […]
Russia may be driven into default, Eurobonds due in payment
On May 27th, Taiwanese shareholders remain frantic over unpaid interest dues of the Russian Eurobonds under their jurisdiction. Russia is yet again placing itself in risky situations against other diplomatic trades between long-term investors. If the Eurobonds fail to receive their set interest dues, it might lead to Moscow’s highest and first paramount external sovereign […]
Russia’s Sovcomflot managed to strike deals despite sanctions
News poured out from the officials regarding the Russian shipping group, Sovcomflot, whose ships belonging to their subsidiary are shepherded under the wings of India who seem to have taken responsibility for their safety. There’s a last-stage link issued by the IRClass—the Indian Register of Shipping, which gave the certification that is required to keep […]
Deutsche Bank set to face suit over Epstein & Russian oligarch ties
Deutsche Bank AG (DBKGn.DE) is under fire for its recent blunder, where it reportedly had swept shortcomings under the rug while signing deals behind closed doors with notorious, perilous billionaires like Jeffrey Epstein, and similarly politically sensitive Russian oligarchs. The case is Karimi v. Deutsche Bank Aktiengesellschaft et al, at the U.S District Court—Southern District […]
Blockbuster 2021 reels in Global investment banking for the recovery year
The pandemic was devastating to major economies, there is no mistaking that. Markets saw it strike first-hand as the stock prices plummeted devastatingly low and the revenue at global investment banks was more slow than gradual, all routes clogged due to the gravity of the situation. Apart from that event spanning through countless economic shattering, […]
UniCredit broadens horizons in the innate need of buyers outside Russia
UniCredit is among Europe’s top influential banks with the most elaborate subjection in Russia, as it stakes its claim as the country’s 14th-largest lender. Insiders have stated that the Italian bank UniCredit (CRDI.MI) continues to survey for a client who is interested in its Russian transactions beyond investors from its country. They have made attempts […]
Goldman, JPMorgan among banks left holding Russian stocks
A decision by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the world’s largest banks inadvertently holding potentially valuable positions. JPMorgan Chase, Goldman Sachs, HSBC, BNP Paribas and other global banks have had to move Russian stocks and related derivative positions that they had taken to support bets […]
Meta fumbled propaganda moderation during Russia’s invasion
Days after the bombing of a maternity and children’s hospital in the Ukrainian city of Mariupol, comments claimed that the attack never happened began flooding the queues of workers moderating Facebook and Instagram content on behalf of the apps’ owner, Meta Platforms. The bombardment killed at least three people, said Ukraine’s President Volodymyr Zelenskiy. Among […]
US warned firms about Russia’s Kaspersky software day
The U.S. government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm. The classified briefings are part of Washington’s broader strategy to prepare providers of critical infrastructure such as water, telecoms and energy for potential Russian intrusions. President […]