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Today: March 22, 2025
Today: March 22, 2025
Libby George

Libby George

Staff Writer

Latest From Libby George

Americas|Asia|Business|Economy|Finance|News|US|World

Geopolitics overtakes inflation at top of sovereign wealth fund worry list

Geopolitical rivalries, including brewing trade battles between the United States and China, now trump inflation as the biggest worry for sovereign

Geopolitics overtakes inflation at top of sovereign wealth fund worry list
Economy|Finance|News|World

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure

Ukraine said on Monday it had reached an agreement in principle with a group of creditors to restructure $20 billion of international bonds,

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure
Americas|Election|News|World

Election jolts course through markets as risk returns

Venezuela's contested election is the latest in a blockbuster year that will see nearly half the world head to the polls.

Election jolts course through markets as risk returns
Africa|Business|Economy|Finance

Libya's $70 billion wealth fund sees thaw in UN asset freeze by year-end

The Libyan Investment Authority is expecting U.N. sign-off by the end of the year to actively manage its $70 billion in assets for the first time in

Africa|Economy|News|World

In deluge of protests, fuel subsidies prove hard to abolish

Like thousands of Nigerians and millions of others across the developing world, higher fuel costs have irked Antonia Arosanwo.

In deluge of protests, fuel subsidies prove hard to abolish
Business|Economy|Europe|Finance

Ukraine seeks bondholder approval for wartime debt restructuring

Ukraine on Friday kicked off the formal creditor approval process of its offer to restructure some $20 billion of international bonds, a

Ukraine seeks bondholder approval for wartime debt restructuring
Asia|Economy|Election|Finance

Sri Lanka's presidential election to test economic green shoots

Sri Lanka's election this coming Saturday has raised doubts over when its long-awaited debt deal with bondholders will be finalised, if

Sri Lanka's presidential election to test economic green shoots
Economy|Finance

Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash

Sri Lanka reached a draft deal with creditors to restructure $12.5 billion of international bonds, it said on Thursday, in a

Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash
Asia|Election|News|World

Dissanayake's push for Sri Lanka economic change leaves IMF deal, debt rework in limbo

Sri Lanka's new president won the election decisively, but his toughest task still lies ahead as he seeks to balance

Dissanayake's push for Sri Lanka economic change leaves IMF deal, debt rework in limbo
Business|Economy|Finance

Wall Street strikes back against New York's sovereign debt bill

Investors in emerging market sovereign bonds, alarmed by efforts to limit their debt restructuring options, are adding clauses to bond

Wall Street strikes back against New York's sovereign debt bill
Economy|News|World

Year of war creates cracks in Israel's borrowing strength

Israel's economy has for almost a year ridden out the chaos of a war that risks spiralling into a regional conflict, but

Year of war creates cracks in Israel's borrowing strength
Economy|News|World

Debt burden threatens poor countries' development goals, UN official says

The world's poorest countries are having to prioritize debt service over investments, United Nations Development Programme administrator Achim Steiner said

Debt burden threatens poor countries' development goals, UN official says
Europe|News|World

Armenia hopes to sign peace articles with Azerbaijan within a month, president says

Armenia hopes to sign provisions of a peace deal with Azerbaijan in the next four weeks, the country's president told Reuters, a step that

Armenia hopes to sign peace articles with Azerbaijan within a month, president says
Americas|Economy|Environment|World

Colombia in talks with Germany over debt-nature swaps, minister says

By Libby George HAMBURG -Colombia is in talks with Germany for a debt-for-nature swap as the country seeks to fund its $40 billion plan to transition away from fossil fuels and protect the environment

Colombia in talks with Germany over debt-nature swaps, minister says
Economy|Finance

S&P Global says countries likely to default more often in coming decade

Countries are likely to default more frequently on their foreign currency debt in the coming decade than they did in the past due to higher debt and an increase in

S&P Global says countries likely to default more often in coming decade
Economy|Finance|World

As poor nations' default wave peaks, cash shortage could take its place

The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of

As poor nations' default wave peaks, cash shortage could take its place
Africa|World

African progress backslides as coups and war persist

Nearly half of Africa's citizens live in a country where governance has worsened over the past decade, as deteriorating security erodes progress, according to a new

African progress backslides as coups and war persist
Business|Economy|Finance

Retro bonds return from the '80s to speed up debt reworks, but at a cost

The recent cascade of countries defaulting on their debt has brought back into vogue complex securities, born in the 1980s, that aim

Retro bonds return from the '80s to speed up debt reworks, but at a cost
Election|Finance

Spurred by shared grievances, BRICS gathers pace

(This Oct. 24 story has been refiled to fix a typo in reporting credits and to replace the quote that was wrongly attributed to Shi Yinhong in paragraph 20) By Mark John and Libby George LONDON (

Spurred by shared grievances, BRICS gathers pace
Asia|Election|World

Markets' wild 2024 election ride rolls on as U.S. vote looms

Japan's election could prompt the next market gyrations in a year in which countries housing half the world's population will have voted.

Markets' wild 2024 election ride rolls on as U.S. vote looms
Economy|Election|Finance|Stock Markets|US|World

Ukraine dollar bonds and GDP warrants extend Trump-win rally

Ukraine's sovereign dollar bonds and GDP warrants extended a post-U.S. election rally on Thursday on optimism that Donald Trump's return to the

Business|Economy|Finance

Is Goldilocks gone? Emerging markets face uncertain path under Trump

Investors hoping for a "Goldilocks" moment for emerging markets in 2025 following years of global interest rate hikes are grappling with significant uncertainty

Is Goldilocks gone? Emerging markets face uncertain path under Trump
Business|Economy|World

EBRD sees global resurgence in protective industrial policies

A global resurgence in industrial policies that aim to boost or protect domestic interests threatens international cooperation and could hurt poorer countries in

EBRD sees global resurgence in protective industrial policies
Business|Economy|Finance

Wall Street banks get a lift from trading Israeli currency, bonds

The world's top investment banks are on track to post the highest revenue in five years from trading Israel's bonds and currency thanks to the

Wall Street banks get a lift from trading Israeli currency, bonds
Economy|Finance|Stock Markets|US

Emerging markets, caught between economic giants, face tough 2025, JPMorgan says

Emerging markets are in for a tough and uncertain year due to policy shifts in the United States and uncertain growth in China, JPMorgan said in its annual outlook,

Emerging markets, caught between economic giants, face tough 2025, JPMorgan says

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