Explainer: Russia swerves to avoid default: what is next?
Russia may have averted default as it announced it had made several overdue payments in dollars on its overseas bonds, shifting the market’s focus to upcoming payments and whether it would stave off a historic default.
SocGen quits Russia with sale of Rosbank to oligarch Potanin
French bank Societe Generale said on Monday it would quit Russia with a deal to sell its stake in Rosbank to Interros Capital, a firm linked to Russian oligarch Vladimir Potanin, the head of mining giant Norilsk Nickel
Britain to crack down on ‘misleading’ cryptocurrency adverts
Britain is to crack down on “misleading” advertisements for crypto assets which could harm consumers, the finance ministry said on Monday.
Analysis: In Japan, a weaker yen may not be the blessing it once was
A weak yen, once seen as favourable for Japan’s exports-focused economy, has now become a pain point as it eats into household finances and confounds policymakers.
Japan’s finance ministry to take corrective action against Mizuho – Nikkei
Japan’s finance ministry is set to take punitive action against the banking arm of Mizuho Financial Group (8411.T) over a lack of compliance with the country’s foreign exchange law, the Nikkei business daily reported late on Wednesday.
