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The US once had a 'mini-default' on some of its debts because of a technical glitch. The minor mistake cost billions.
More than four decades ago, a "mini-default" thanks in part to glitchy word-processing equipment co…
Natalie Musumeci
Goldman Sachs says Russia's debt problems are 'technical' and don't reflect its underlying strength
Russia is widely expected to tumble into default in early May, but Goldman said the country's issue…
Harry Robertson
US debt will become unsustainable and trigger default in about 20 years, if it stays on current path
After 20 years, no amount of tax hikes or spending cuts could prevent default "whether explicitly o…
Filip De Mott
Nobel economist Paul Krugman warns of cascading chaos in financial markets if the US defaults on its debt
Markets have reason to panic if the US defaults on its debt, and the whole idea of a debt ceiling i…
Jennifer Sor
Reader mailbag: From the impact of a US default to analyzing the IPO market, all your questions answered
All your finance-related questions are answered in this wide-ranging reader mailbag touching on eve…
Dan DeFrancesco
The US may still force Russia into a bond default in the coming weeks, debt strategist says
"The Americans still have the leverage," BlueBay strategist Timothy Ash said. "They can force Russi…
Harry Robertson
From an industry leader to a defaulter: Rise and fall of Venugopal Dhoot
Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a…
PTI
Holders of Russian dollar bonds say they cannot accept rubles as Moscow speeds towards default
Russia has tried to pay its dollar debts in rubles, but bondholders told Insider that's not a viabl…
Harry Robertson
The odds of going past the default X-date without a debt ceiling deal are 25% and rising, JPMorgan says
A technical default would still be avoidable even if the X-date is crossed, though this would still…
Filip De Mott
Investors think there's a 94% chance Russia that default on its debts, after US blocks dollar payments
The risk of a default has skyrocketed, judging by the price of credit-default swaps on Russian bond…
Harry Robertson
Russia staves off default by sending dollar bond payments to creditors, but it now faces a $4.6 billion challenge
Russia must cough up a further $615 million this month before a major $2 billion payment in April, …
Harry Robertson
Russia says the dollars for bond payments are with Citigroup — but investors are left waiting
Russia assured investors it had paid up, in dollars, averting a potentially historic default.
Harry Robertson
Janet Yellen isn't 'credible' and the US won't default on its debt on June 1, Republican congressman says
Congress can't agree on how to raise the debt ceiling. GOP Rep. Byron Donalds thinks there's more t…
Ethan Dodd
Russian stocks are 'essentially worthless' after the Ukraine invasion based on pricing in a key derivatives market, MSCI says
The five-year CDS probability of default for five of Russia's largest stocks has surged to more tha…
Matthew Fox
The White House says 'pariah' Russia is poised to default on its bonds, as a hefty $100 million payment falls due and its options run out
Russia has roughly $100 million in bond payments due Friday, but the fate of that money is highly u…
Harry Robertson
Russia's second-biggest bank VTB slides toward default, after paying rubles on dollar bonds due to sanctions
VTB said it has been "completely cut off from foreign payment infrastructure in US dollars" as it m…
Harry Robertson
Russia will not sell sovereign bonds this year because interest rates would be 'cosmic', finance minister Siluanov says
Finance Minister Anton Siluanov argued Russia has not defaulted on its debts, but said it would non…
Harry Robertson
Russia says it will sue if forced into a default — which would be the country's first sovereign debt default in over a century
Ratings agency S&P Global downgraded Russia's foreign currency payments to a "selective default" on…
Huileng Tan
Russia says it sent $650 million bond payment in rubles after US Treasury blocked dollar transfers
Ratings agencies have said that payment in rubles on dollar bonds would put Russia in a technical d…
Harry Robertson
JPMorgan, Blackstone, BlackRock don't expect a US debt default - Wharton professor Jeremy Siegel says it's a 'zero chance' risk.
Economists including Jeremy Siegel ruled out a US debt default, saying the political standoff over …