- Russia's National Settlement Depository on Friday successfully paid coupons in foreign currency on two Eurobonds, an NSD representative told Reuters, a move that could mean Russia may have again averted a default.
Russia's National Settlement Depository on Friday successfully paid coupons in foreign currency on Eurobonds maturing in 2026 and 2036, both of which were due on May 27, an NSD representative told Reuters.
- Russia's central bank on Friday authorised Russian residents to buy shares in companies from "friendly" countries, provided the transactions were denominated in roubles or the currency of the foreign country.
-The Russian rouble extended its losses on Friday after plunging in the previous session as the country's central bank slashed interest rates, signalling more cuts, and the prospect of easing capital controls and a possible sovereign default hammered the currency.
The Russian rouble extended its losses on Friday after plunging the previous session as the central bank slashed interest rates, signalling more cuts to come, and the prospect of easing capital controls and a possible sovereign default hammered the currency.
The White House said on Thursday it expects minimal impact on the U.S. and global economy from a Russia debt default. "We expect the impact on the U.S. and the global economy to be minimal, given Russia has already been isolated financially," White House spokesperson Karine Jean-Pierre said in a press briefing on Thursday.
Southeast Asia and Latin America are strong growth regions for Mastercard (MA) after its withdrawal from Russia in March and India's 2021 ban on it from issuing new cards, the company's co-president for international markets said.
-The Russian rouble slumped around 10% against the dollar in volatile trade to a two-week low on Thursday as the central bank cut interest rates to 11% and suggested more cuts would follow as inflation risks subside.
Southeast Asia and Latin America are strong growth regions for Mastercard (MA) after its withdrawal from Russia in March and India's 2021 ban on it from issuing new cards, the company's co-president for international markets said.
The Russian rouble slumped around 10% against the dollar in volatile trade to a two-week low on Thursday as the central bank cut interest rates to 11% and suggested more cuts would follow as inflation risks subside.
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