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Tag: bankruptcy

ELSTAT: New business start-ups decreased by 3.9% in the second quarter

ELSTAT: New business start-ups decreased by 3.9% in the second quarter ELSTAT: New business start-ups decreased by 3.9% in the second quarter

New business registrations (business start-ups) were down for all sectors of the economy in the second quarter, according to the data announced by the Hellenic Statistical Authority. In particular, for the specific period new business registrations amounted to 25,341, showing a decrease of 3.9% compared to the second quarter of 2021 which had risen to […]

Cryptocurrency exchange Zipmex files for bankruptcy protection in Singapore

Cryptocurrency exchange Zipmex files for bankruptcy protection in Singapore Cryptocurrency exchange Zipmex files for bankruptcy protection in Singapore

Her Zinnia Lee Zipmex has become the latest casualty of the ongoing collapse in cryptocurrencies after experiencing liquidity problems it blames on troubled lenders Babel Finance and Celsius Network. The Singapore-based crypto exchange said on Wednesday that it has filed suspension applications with the city-state for five business entities. The moratoriums will protect Zipmex from […]

Handelsblatt: Unsecured debt – Is Russia really insolvent?

Handelsblatt: Unsecured debt – Is Russia really insolvent? Handelsblatt: Unsecured debt – Is Russia really insolvent?

A lengthy analysis of whether the Russian economy is insolvent is published by Handelsblatt. According to her, when a state has debts, interest is owed – and if a state cannot pay them, it is considered insolvent, with often dramatic consequences. Such a case now threatens Russia, at least on paper: This weekend marks the […]

Bloomberg: Russia is just hours away from the first external bankruptcy in a century

Bloomberg: Russia is just hours away from the first external bankruptcy in a century Bloomberg: Russia is just hours away from the first external bankruptcy in a century

After months of acrobatics on the brink of bankruptcy, Russia is just a few hours away from a dramatic moment in the economic dispute that the US and others have waged against the Kremlin over the Russian invasion of Ukraine. A grace period of about $ 100 million from late bond payments – which have […]

Russia: Pays interest on its debts in rubles and talks about bankruptcy ‘prank’

Russia: Pays interest on its debts in rubles and talks about bankruptcy ‘prank’ Russia: Pays interest on its debts in rubles and talks about bankruptcy ‘prank’

Moscow has paid in rubles the interest on its debt obligations in dollars, the Russian Finance Ministry announced today, due to Western sanctions that have increased the risk of bankruptcy in recent months. Russia’s Finance Minister Anton Siluanov has directly accused the West of trying to create the conditions for an artificial bankruptcy. “Everyone who […]

Russia says it will repay the next bond coupon in rubles

Russia says it will repay the next bond coupon in rubles Russia says it will repay the next bond coupon in rubles

Russia plans to repay in ruble its next Eurobond coupon, which expires later in June, the TASS news agency reported on Friday, citing Russian Finance Minister Anton Siluanov. Speaking at the St. Petersburg International Economic Forum, Siluanov said investors would be able to convert ruble payments into other currencies. Eurobonds are international debt issues in […]

Peshkov: No real basis for Russia’s bankruptcy – The West is pushing us into artificial bankruptcy

Peshkov: No real basis for Russia’s bankruptcy – The West is pushing us into artificial bankruptcy Peshkov: No real basis for Russia’s bankruptcy – The West is pushing us into artificial bankruptcy

There is no reason for Russia to go bankrupt and not pay part of its debt, said Dmitry Peshkov, a spokesman for the Russian presidency, as the country struggles to find ways to pay interest payments to its government bondholders, a difficult exercise in the middle. of Western sanctions for Putin’s invasion of Ukraine. The […]

Russia: Failure to pay bond interest triggers $ 2.5 billion CDS

Russia: Failure to pay bond interest triggers $ 2.5 billion CDS Russia: Failure to pay bond interest triggers $ 2.5 billion CDS

Russia’s non-payment of monthly interest on dollar-denominated bonds has been formally considered a credit event by the Credit Derivatives Commission, bringing Moscow even closer to the brink of state bankruptcy. In particular, the Credit Derivatives Determinations Committee (CDDC), which includes leading banks such as Bank of America, Goldman Sachs and JPMorgan, ruled that there had […]

Russia has again managed to pay Eurobond bondholders in foreign currency

Russia has again managed to pay Eurobond bondholders in foreign currency Russia has again managed to pay Eurobond bondholders in foreign currency

Russia’s National Settlement Reserve (NSD) has successfully paid Eurobonds (its foreign-denominated foreign currency bonds) coupons, maturing in 2026, in foreign currency, and the payment deadline expired on May 27, an NSD spokesman told the agency. Reuters. Russia is facing a unique kind of debt crisis, as it has the resources to meet its obligations, but […]

Handelsblatt: The odds of Russian bankruptcy are 50:50

Handelsblatt: The odds of Russian bankruptcy are 50:50 Handelsblatt: The odds of Russian bankruptcy are 50:50

Russia has so far repaid its debts, but on Monday the country has to repay a $ 2 billion bond, notes Handelsblatt. Again, investors are worried about repayment. Will the Kremlin pay or not? In the epic of Russian bonds, a new chapter is written almost daily. To the surprise of many investors, the country, […]