A panel of investors and banks has ruled Ghana’s missed coupon payments on its foreign denominated bonds counts as a failure-to-pay event, paving the way for a payout of the default-insurance contracts tied to the country’s debt.
The financial lifeline that pulled Bed Bath & Beyond Inc. from the brink of bankruptcy last month is already at risk because of the retailer’s tumbling stock price.
Nigeria’s top court ordered the central bank to halt its removal of old high-denomination banknotes from circulation, a move that’s created an acute cash shortage in Africa’s largest economy.
Artificial intelligence is the buzziest of buzz words on Wall Street. Apart, that is, for the two firms that are seen to be at the cutting edge of the technology.
Tesla Inc.’s China factory shipments rose in February as price cuts piqued interest in its vehicles and consumer spending kicked back into gear following Covid outbreaks across the country.
The Biden administration on Thursday announced export restrictions for dozens of Chinese entities, including server maker Inspur Group Co. and units of genetics firm BGI, citing activities contrary to US national security and foreign policy interest.
Back in 2021, Fox Corp. chairman Rupert Murdoch was described by President Joe Biden as the “the most dangerous man in the world,” such was the raw power his cable news network had in shaping public opinion.
Boris Johnson may have misled Parliament on multiple occasions, according to a preliminary report by a committee investigating whether he lied over the so-called “Partygate” scandal.
The Bank of Canada will hold interest rates at current levels even as the US Federal Reserve pushes borrowing costs higher, economists say.
Concerns about Brazilian military connivance in the Jan. 8 insurrection against Luiz Inacio Lula da Silva persist in the new administration even after the leftist president reasserted his authority over the armed forces, according to a top cabinet member.
