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Today: March 18, 2025
Today: March 18, 2025
Karin Strohecker

Karin Strohecker

Staff Writer

Latest From Karin Strohecker

Africa|Business|Economy|Technology

African payments system PAPSS plans to launch FX market platform this year

A pan-African payments infrastructure provider designed to facilitate trade on the continent is piloting an African currency market platform

African payments system PAPSS plans to launch FX market platform this year
Economy|Europe|Finance|Political|World

Ukraine international bonds tumble after Trump-Zelenskiy clash

Ukraine's international bonds tumbled to their lowest level in more than a month on Monday after the clash between Ukrainian President Volodymyr Zelenskiy and U.S

Ukraine international bonds tumble after Trump-Zelenskiy clash
Africa|Economy|Finance|World

Debt crisis hits new highs in developing nations, relief deal needed, says UN

The debt crisis facing the world's poorest economies is reaching new highs and debt servicing is eating up a growing share of revenues at

Debt crisis hits new highs in developing nations, relief deal needed, says UN
Africa|Business|Economy|Finance|World

Smaller economies' medium term default risk could have risen

Some of the world's smallest economies, especially in Africa, could be at increased risk of being unable to pay their debts in the medium term, even as

Smaller economies' medium term default risk could have risen
Business|Economy|Europe|Finance|MidEast

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation

Foreign investors are flocking to Turkey's local debt markets, saying they are impressed by interest rate cuts and easing inflation and are

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation
Business|Economy|Finance|News|World

Exclusive-Ukraine poised to send $20 billion rework proposal to bondholders by early May, sources say

Ukraine is poised to send international bondholders a proposed plan to restructure its $20 billion in debt by early May, two sources familiar with the

Business|Economy|Finance

Why a rout in government bonds is worrying

The world's biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes

Why a rout in government bonds is worrying
Business|Economy|Europe|Finance

Exclusive-EBRD backs 3 billion euro plan to wean North Macedonia off coal power

International lenders including the European Bank for Reconstruction and Development and the World Bank are backing a 3 billion

Exclusive-EBRD backs 3 billion euro plan to wean North Macedonia off coal power
News|World

Battle for development cash heats up at IMF/World Bank meetings

Development agencies gathering in Washington this week face one of their toughest battles in years: getting a rich world worried about wars

Battle for development cash heats up at IMF/World Bank meetings
Asia|Business|Economy|Finance|News

Pakistan aims to agree outline of new IMF loan in May - Finance Minister

Pakistan hopes to agree the contours of a new International Monetary Fund loan in May, Finance Minister Muhammad Aurangzeb told Reuters, and has kicked off

Pakistan aims to agree outline of new IMF loan in May - Finance Minister
Business|Economy|Finance|US

Fed's rate-cut foot-dragging grates on global peers at IMF meetings

Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-

Fed's rate-cut foot-dragging grates on global peers at IMF meetings
Africa|Economy|News|World

Sub-Saharan Africa incomes falling further behind rest of world, says IMF

Incomes in Sub-Saharan Africa are falling further behind the rest of the world amid a "tepid" economic recovery, the

Sub-Saharan Africa incomes falling further behind rest of world, says IMF
Africa|Economy|Finance|News

S.Africa faces upside risk to inflation, financial conditions - CenBank Governor

South Africa faces upside risks to its inflation outlook, Central Bank Governor Lesetja Kganyago said, but the latest data has not shown evidence of price

S.Africa faces upside risk to inflation, financial conditions - CenBank Governor
Business|Economy|Finance|World

World Bank financing arm IFC plans $1.9 billion in Ukraine investments

The World Bank's private investment arm expects to finance $1.9 billion in projects in Ukraine over the next 18 months, an official from the organization

World Bank financing arm IFC plans $1.9 billion in Ukraine investments
Asia|Business|Economy|Finance

Thai central bank could adjust rates if economic outlook shifts, deputy governor says

Thailand's central bank, under pressure from the government to cut interest rates, could adjust monetary policy if the outlook

Thai central bank could adjust rates if economic outlook shifts, deputy governor says
Business|Economy|Finance

Major central banks linger in uneasy calm in April

Interest rates at major central banks remained static in April as the prospect of higher-for-longer U.S.

Major central banks linger in uneasy calm in April
Economy|Finance|News|Stock Markets

Ukraine races against the clock to secure debt restructuring

Ukraine is pushing to secure a debt restructuring before a two-year payment freeze agreed by holders of its $20 billion of outstanding international bonds

Ukraine races against the clock to secure debt restructuring
Business|Economy|Finance|World

Foreign investors pile back into Turkey, Vanguard spots opportunity

International investors are ramping up exposure to Turkey, focusing on local bonds and Credit Default Swaps (CDS) as monetary policy normalisation is becoming

Foreign investors pile back into Turkey, Vanguard spots opportunity
Africa|Business|Finance|World

Jittery markets struggle with South Africa coalition puzzle

The prospect of South Africa's first coalition government of the post-apartheid era is likely to keep markets jittery for

Jittery markets struggle with South Africa coalition puzzle
Americas|Economy|Finance|News|Stock Markets

Mexican peso, stocks tumble on fears of ruling coalition super-majority in Congress

Mexican stocks fell over 6% on Monday and the peso closed at its weakest to the dollar since November after the country's ruling party

Mexican peso, stocks tumble on fears of ruling coalition super-majority in Congress
Economy|Finance|News|Stock Markets|World

Sri Lanka to re-engage with private creditors imminently, sources say

Formal negotiations between Sri Lankan authorities and international private creditors on over $12 billion in bonds are set to resume

Sri Lanka to re-engage with private creditors imminently, sources say
Economy|Finance|News

Wealthy nation creditor club sees tide shifting as debt defaults peter out

The debt crisis risk that has overshadowed the global economy for four years is beginning to recede, the Paris Club of rich creditor nations

Wealthy nation creditor club sees tide shifting as debt defaults peter out
Africa|Economy

Kenya clashes and Bolivia's failed coup show perils of economic hardship

Deadly Kenyan protests that scuppered tax hikes and a failed coup amid fading economic prospects in Bolivia this week are

Kenya clashes and Bolivia's failed coup show perils of economic hardship
Americas|Economy|News

Argentina markets cheer 'best day' for Milei after Senate, China boosts

Argentina's markets rallied on Thursday as investors breathed a sigh of relief after the Senate passed a sprawling bill that is

Argentina markets cheer 'best day' for Milei after Senate, China boosts
Europe|News|Political|World

How much money does Ukraine owe, and to whom

More than two years into a war that has cost tens of thousands of lives, Ukraine is about to embark on the unprecedented task of

How much money does Ukraine owe, and to whom

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