There is a rising risk of Sri Lankan banks defaulting on their obligations, especially those in foreign currency, including deposits and trade finance products, rating agency Standard & Poor’s said on Friday. This trend is expected to persist until the sovereign’s external situation stabilises, which may take […]
risk
FOREX-Dollar slips as risk appetite returns
The dollar fell for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors’ appetite for riskier bets diminished the U.S. currency’s appeal. Upbeat earnings views from Home Depot and United Airlines along with optimism around the […]
Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan
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Flags of China and Russia are displayed in this illustration picture taken March 24, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register EM wide corporate default rate seen at highest since GFC Ukraine expected to see near 99% corporate default rate Russia forecast to see 27% […]