Coronavirus Pushes Some Emerging Markets to Brink of Default

Joseph B. Hash

An unprecedented withdrawal of capital from emerging marketplaces is threatening to produce a wave of financial debt defaults as governments struggle with the double whammy of falling oil costs and the rapidly spreading coronavirus outbreak. As traders fled emerging-market bonds in the latest months in favor of haven belongings, bond […]

An unprecedented withdrawal of capital from emerging marketplaces is threatening to produce a wave of financial debt defaults as governments struggle with the double whammy of falling oil costs and the rapidly spreading coronavirus outbreak.

As traders fled emerging-market bonds in the latest months in favor of haven belongings, bond yields for the most vulnerable economies have skyrocketed. In one case in point, the generate on a dollar-denominated Angolan authorities bond maturing in November 2025 jumped to approximately 30% on Friday, from underneath 7% at the beginning…

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North Korea Launches Two Short-Range Ballistic Missiles Off Eastern Coast

SEOUL—North Korea released two evident short-assortment ballistic missiles off its east coast Sunday early morning, South Korea’s military services reported, as Pyongyang continues to a routine of weapons tests amid a lull in disarmament talks with the U.S. The Sunday start represented the fourth examination this thirty day period by […]

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