According to the Italian rating agency specialized in assessing the creditworthiness of companies, the economic fabric is healthy. So much so that companies are expected to raise funds
Russian Railways bankrupt after non-payment of a bond. The circle is tightening on Alrosa diamonds. Moscow threatens lawsuits after S&P downgrade
Russia claims it has paid the coupons and that it is now up to Western countries to transfer the funds to bondholders - There are 30 days to clarify the situation
Piazza Affari gains more than 3% in a day of general stock market rebound: Banco Bpm, Moncler, Stm and Interpump on the shields
Oil loses 40% from its highs, stock markets remain volatile and today the alarm goes off on Russia's bonds, ever closer to default – Asian stock markets rebound
Argentina has gone bankrupt several times but the default of November 14, 2002 with the so-called corralito was particularly dramatic - Here's how it went
The rescheduling plan covers a total of approximately $110 billion in debt - Long and short-term securities held by foreign investors will also be affected
S&P declared the country in "selective default" because it was unable to repay $200 million in interest on two bonds. "We have downgraded the rating two notches to 'D' and cut the long-term rating to 'SD' (default…
The Venezuelan president's announcement on debt restructuring to try to avoid default has torn the veil on emerging markets which had returned to the limelight after the Annual Meetings of the Monetary Fund but which in the last month suffered strong…
We publish a speech by the Chief Investment Officer of Neuberger Berman: "A Latin American country in the throes of a crisis that seems to have come out of the 80s" - "The Venezuelan debt market appears to have concluded that a default is practically inevitable" even if …
The default risk of Popolare Vicenza and Veneto Banca brings bank stocks to their knees and pushes Piazza Affari downwards (-0,37%) on the Chinese thud of Ferragamo - Italgas, Cnh, Stm and Enel go against the trend…
The fund is accused of having illegally appropriated the money of several Malaysian public companies and then partially sorted it before the 2013 elections - Malaysian premier Razak is also reportedly among the beneficiaries.
German Finance Minister Wolfgang Schaeuble underlined that the victory of the "No" in the referendum to be held next Sunday in Greece does not imply Athens' exit from the Eurozone.
The Eurogroup has rejected the request for an extension of aid made by Greece which, by rejecting the creditors' proposals and surprisingly calling the referendum for July 5, derailed the negotiations and put itself in the position…
Today yet another meeting of the Eurogroup to find an agreement on Greece that avoids the default of Athens before the reopening of the markets on Monday - EU, IMF and ECB ready for a new loan of 12 billion to Greece up to…
The Nasdaq sets the record but the markets fear Greece's default after yesterday's new black smoke: Eurogroup emergency meeting on Monday - Telecom flies due to the Bolloré effect that wants to sell Tim Brasil - Saipem collapses for…
The Austrian central government grants 350 million euros of loans to Carinthia which must guarantee over 10 billion of debt of the bad bank that inherited the losses of Hypo Alpe Adria left by former governor Haider - Carinthia…
The risk of default in Athens weighs on the financial markets, despite the closure of London and Frankfurt - Piazza Affari leaves 2,09% in the field dragged down by bank stocks, Finmeccanica and the Agnelli team - But Mps flies…
Other than the Eldorado of Europe: Carinthia, burdened by the bankruptcy of Hypo Alpe Adria, has launched the SOS to the Austrian central government because it alone cannot honor the almost 11 billion euro of debt support of the Bank - Without…
PENSIONS, CONSULT - "I respect the sentence of the Constitutional Court, as always, but I am perplexed" comments former premier Mario Monti in an interview with "La Stampa", recalling how, in the absence of the block on the indexation of average and high, there would have been…
Draghi's number two stressed before the European Parliament that the possible bankruptcy of Greece would not "automatically" imply the country's exit from the monetary union.
The Greek unknown returns to frighten the stock exchanges: Athens' two-year bond reaches 26% but Tsipras and Merkel are working on an agreement - Banks under fire - FCA confirms the goal of 5 million in sales in…
The downgrade, explains the agency in a note, reflects the pressures on the balance of payments linked to the global collapse in crude oil prices, of which the South American country is one of the main world producers.
Buenos Aires Chief of Staff Jorge Capitanich called US District Judge Thomas Griesa's words "unfortunate, incorrect and even, I might say, imperialist expressions."
The company recalls "that the price for the sale of the Sofora-Telecom Argentina Group was defined in US dollars, consequently in this transaction the Telecom Italia Group is not subject to the risk on the trend of the exchange rate of the Peso ...
According to the International Swaps and Derivatives Association, the Argentine default has triggered requests for redemptions for a billion dollars - So far, however, we can only see the tip of the iceberg: the mass of derivative contracts on Argentina is equal to at least …
The discussion on the sale of Telecom Argentina to Fintech, the fund of billionaire David Martinez Guzman, has been postponed to August 5, when the question will be on the table of the Telecom Italia board of directors. The serious situation that led to the bankruptcy of…
COMMENT BY CLAUDIA SEGRE, RELEASED TO RADIOCOR - The deadline of June 30 for the payment of the coupon, and the related grace period, has expired, Argentina has been placed in selective default - A case that risks becoming a…
Yellen reduces aid to the US economy, which is flying but promises that she will not raise rates "for a considerable period" - The dollar crushes the euro - Argentina defaults but the international effects should be limited - Assembly…
On Wednesday, July 30, Argentina could declare a new default. If by that date no agreement is found between the Argentine cabinet and the investment funds that demand payment of the debt by Buenos Aires the economic collapse…
FROM THE ADVISE ONLY BLOG - The US Supreme Court ruling that condemns Argentina to repay the entire amount owed to hedge funds, holders of bonds from the time of the 2001 default, puts the country at risk of insolvency again…
The US Supreme Court dismisses the country's appeal to a New York court ruling ordering Buenos Aires to pay $1,3 billion to hedge funds that failed to participate in debt swaps -…
The Council of Ministers today approves the third edition of the Local Authorities decree, better known as Salva Roma, because it contains, among other things, rules to avoid the default of the Capitol - Renzi replies to the thrust of the mayor of the Capital: "The concerns that …
"I've been blocking the city since Sunday", thunders Mayor Marino - Vitriolic phone call with Renzi - In these hours the technicians of the Municipality, Palazzo Chigi and the MEF are looking for a solution to avoid the capital's default:…
The Ukrainian revolution brings with it a series of negative implications aggravated by the need to find an immediate solution. At the end of the demonstrations in Maidan square, it is now Moscow that is reviewing its positions by freezing the aid plan for 15…
The escalation of Argentina's current difficulties (devaluation of the peso, distrust of international investors, low growth and competitiveness, high inflation rate) requires the utmost caution in dealing with export projects and even more than FDI in the large South American country
In detail, bankruptcies were 9.902 in the first nine months of the year, an increase of 12% compared to the same period of 2012 - Lombardy black jersey with 2.250 defaults.
The dialogue between President Barack Obama and the Republican speaker in Congress John Boehmer was interrupted in a stalemate - The negotiation now continues in the Senate, where Democrats are in the majority - The deadline for…
If Congress does not vote on the debt law by that date, the United States would face default on October 17 - The crisis has a political reason: the confrontation between Democrats and Republicans on Obamacare, as…
According to the Bipartisan Policy Center, without a new agreement on the debt ceiling, the United States risks default as early as February 15th - The current ceiling, set at 16.400 trillion dollars, was reached on December 31st.
The federal court in New York has ordered Buenos Aires to repay 1,3 billion bonds maturing in December, issued under American law, which did not fall within the 2001 restructuring plan requested by the government.
Athens said it will issue short-term government bonds on Tuesday to repay the 4,1 billion bonds due on Nov. 16 and avoid a debt default.
According to the latest poll by the Financial Times, only 26% of Angela Merkel's citizens believe that "other members of the euro zone should do more" to save Greece from bankruptcy.
The Seville region is willing to ask the central government for one billion euros to avoid default - Before it, it was Barcelona, Valencia and Murcia.
After the 5 billion requested by Catalonia, it is up to the Valencian Community to send an SOS to Madrid: according to what was communicated by the governor Alberto Fabra, the region east of Spain needs 4,5 billion euros to avoid default.
During the meeting with Prime Minister Mario Monti, he formalized his resignation by the end of July, assuming 28 and 29 October as the date of the elections, which in agreement with the government will be conducted "without waste and crazy spending" - "Default? Great…
Just seven months after his landslide electoral victory over the past 30 years, Spanish Prime Minister Rajoy has no solution to a crisis where Spain risks being the first state to need…
The Morgan Stanley agency that creates the famous indices has made it known that there are no longer the criteria to keep Greece in the list of "developed markets" and prefer to downgrade it to an emerging market - The fear of a default…
The Investment Bank has reduced its net exposure to the five most indebted European countries: Portugal, Italy, Spain, Ireland and Greece - Confidence instead in France: assets increased from 1,71 to 4,14 billion euros.
The postponement of the ultimatum on the Athens negotiations is considered a signal of a possible agreement even if the danger of bankruptcy has not yet been completely averted - The losses of Piazza Affari and the other lists are limited - They are suffering…
Another day of strong growth for the Athens stock exchange, where investors seem to have confidence in the possibility of closing the agreements on new austerity measures and debt restructuring in the short term - A confidence not shared by…
Yet another rise for the SeatPG share to +15,82%, after the 24% rise recorded yesterday - Awaiting the corporate reorganization and debt restructuring - A decisive day on the board front.
Cuts in supplementary pensions, increases in real estate taxes, the adoption of deregulation measures for the labor market, and the suppression of public bodies and jobs: these are some of the ten commandments, as the Greek press has renamed them, imposed…
Our country really is "too big to fail": says managing director Edward Parker - The agency will almost certainly cut our rating by the end of the month, perhaps even by two notches.
The Greek prime minister raises the alarm: "If an agreement is not found to secure international aid, we will leave the eurozone within two months". In the coming weeks, the decisive visit of the troika inspectors
JOHN GREEWOOD AND SERGIO TREZZI SPEAK - Invesco is also preparing a revolution in asset management for Italy - "We need to dispel the clichés about asset management, which is by no means a declining industry, and about Italian consultancy. But it is fundamental independence…
A weekend-long marathon to bring the euro-saving agreement closer that Europe intends to define at next Wednesday's summit in order to avoid default and to present it at the G20 in Cannes on 3 November. Chancellor Markel said…
Roland Berger's multi-act project: a central fund would assemble Greek assets for over 100 billion euros to be sold "fixed" to the European institutions; with the proceeds Athens would repurchase its bonds by reducing the debt below 100% and…
It seems to be the deal of the moment: investing in public debt securities with the expectation that the EU and the IMF won't let Greece declare default. The amount in the hands of hedges will be around 40 billion euros, with a possible…
The decision was expected at the Ecofin meeting of 3-4 October - But in reality it will still be postponed - This is the sixth tranche of aid to Athens (8 billion euros), necessary to avoid default
"The EU will not allow a default by Greece, nor its exit from the euro". Thus the commissioner for economic and monetary affairs, who adds: "However, the Greek country must not find excuses for not implementing the reforms". It's Italy? Sufficient maneuver,…
INTERVIEW WITH ALESSANDRO PROFUMO - "I remain convinced that the Germans are anchored to a pro-European vision but you cannot ask them the impossible. It is up to us too to adopt virtuous behaviour. Saving Greece to save the euro. Italian banks are…
"It would be an unfortunate situation, for Greece but also for others, but if the reform program is not implemented, the conditions for aid are lost". These are the words of the German banker on the hypothesis of an insolvency on the payments of the…
If Athens goes bankrupt, the state of insolvency will be declared after the markets are closed. Greeks fear that on Monday the state will announce that it cannot repay its debts and that savings will be wiped out. The specter of long queues returns…
