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1 month ago | 
q957.com | Marc Jones
By Marc JonesLONDON (Reuters) -Germany’s plan for a massive ramp-up in defence and infrastructure spending will be a “positive” for its prized triple-A sovereign credit rating, S&P Global said on Wednesday. The parties hoping to form Germany’s next government have just agreed a tectonic spending shift with a plan to create a 500 billion euro infrastructure fund and to overhaul the country’s long-standing ‘debt brake’ that caps borrowing.
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2 months ago | 
marketscreener.com | Rodrigo Campos |David Garcia |Marc Jones
NEW YORK/MEXICO CITY/LONDON (Reuters) - The Mexican peso tumbled over 2% to its lowest in nearly three years against the dollar on Monday after the United States imposed 25% tariffs on its southern neighbor as part of the first major salvo of new global trade war. Mexican President Claudia Sheinbaum ordered retaliatory tariffs, as did Canada which was also hit, with Prime Minister Justin Trudeau warning Americans that tariffs would have real consequences for them.
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Jan 14, 2025 | 
wdez.com | Marc Jones
By Marc JonesLONDON (Reuters) – Hopes of a ceasefire deal to end the war in Gaza lifted the region’s government bond markets and Israel’s shekel on Tuesday as investors sensed relief after 15 months of conflict. Negotiators were meeting in Qatar hoping to finalise a ceasefire and hostage release agreement after U.S. President Joe Biden indicated that one was within reach.
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Jan 11, 2025 | 
ca.finance.yahoo.com | Marc Jones |Chris Mfula
LONDON (Reuters) - Zambia's Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company's bonds to one of the bank's local wealth clients at the height of the Asian country's real-estate crisis, according to a source.
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Oct 14, 2024 | 
bizcommunity.com | Christian Akorlie |Maxwell Akalaare Adombila |Marc Jones |Rachel Savage
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The African Development Bank and Absa group celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for under-served segments, across South Africa and the continent. Source: Supplied.
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Sep 26, 2024 | 
thefifthskill.com | Virginia Furness |Marc Jones |Montather Rassoul
[By Virginia Furness and Marc JonesLONDON (Reuters) – At least five African countries are working on what could be the world’s first joint “debt-for-nature” swap to raise at least $2 billion to protect a coral-rich swathe of Indian Ocean, according to a global conservation group. Debt-for-nature deals are becoming increasingly popular for poorer nations to pay for conservation. Bonds or loans are bought and replaced with cheaper debt, with savings used for environmental protection.
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Sep 25, 2024 | 
swissinfo.ch | Marc Jones
reuters_tickers This content was published on September 26, 2024 - 01:56 2 minutes (Reuters) -S&P and Moody’s slashed the credit rating of Thames Water on Wednesday with both firms warning that Britain’s largest and most troubled water provider was fast running out of money and on the brink of default. Heavily indebted Thames, which serves 16 million people in and around London, is at the centre of a crisis over relentless sewage dumping, crumbling pipe networks and huge debts.
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Sep 19, 2024 | 
marketscreener.com | Marc Jones
LONDON (Reuters) - The next leg of Ukraine's multi-billion dollar debt restructuring is likely to be trickier than the first but the head of the country's debt agency told Reuters it hopes to reach a swift deal with creditors. Kyiv deliberately left out $2.6 billion worth of costly 'GDP warrants' and $825 million of the state electricity firm's debt when it secured its $20 billion sovereign rework last month. It now needs to finish the job.
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Sep 11, 2024 | 
marketscreener.com | Marc Jones |Emelia Sithole-Matarise
LONDON (Reuters) - Moody's cut the credit rating of the Maldives on Wednesday and warned another was possible in the coming months due to the growing danger of a full-blown debt crisis and what would be the first ever default on an Islamic sovereign bond. "The decision to downgrade is driven by our assessment that default risks have risen materially," Moody's said as it lowered the country's rating to Caa2 and immediately placed it "on review" for a follow-up downgrade.
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Sep 3, 2024 | 
uk.marketscreener.com | Marc Jones |Karin Strohecker
LONDON (Reuters) - Just a few months after Russia invaded Ukraine, the country's financial adviser, Rothschild & Co, handed Kyiv's debt chief a thick black folder detailing major sovereign debt restructurings of the past 30 years. For Yuriy Butsa, 40, it would prove essential reading. He hadn't been involved in the debt rework Ukraine required in 2015 after Russia annexed Crimea and it wasn't long before he would need to draw on the restructuring expertise.
