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...In the process it will kill technology it doesn’t favour. The SEC has a mandate to regulate securities, not technology....
...“The problem will be that they will have to pay quite a high price.” Yields on Angola’s existing US dollar bonds hit 14 per cent last year....
...The robust performance comes despite forecasts from the IMF that economic growth across emerging markets will be slightly lower this year than last....
...Before I speak to Joseph Stiglitz, one of his surprisingly ample team asks if I can give him notice of my questions. The Nobel laureate, it turns out, appreciates time to prepare....
...The country’s official creditors have already extended their own debt payment moratorium to 2027, when Ukraine’s current IMF bailout ends, and signalled that they will restructure at that stage....
...“Recoveries will be low, and people will feel badly used, and that this isn’t really tenable as an asset class,” they added....
...Official creditors will benefit from a similar arrangement if Zambia outperforms....
...“This positive forward-looking assessment will inform the restructuring discussions, which will continue at the adviser level this week,” they said....
...Policymakers at the World Bank and IMF spring meetings this week will grapple over more funds for debt-strapped nations and development goals as global crises stretch aid budgets....
...The ZiG, which stands for Zimbabwe Gold, will have an initial value of 13.56 to the US dollar, Mushayavanhu said, after the former currency lost over three-quarters of its value this year alone to trade...
...“If it’s wasted, it will be because of a reversion to poor economic policy and policy decisions.”...
...“The SEC is concerned that so much attention and capital will flow to our ecosystem . . . The SEC probably doesn’t want to see a wave of innovation that will really transform the landscape.”...
...Bondholders will take an $840mn haircut on their claim, extend repayment dates and provide debt relief while Zambia continues a $1.3bn IMF bailout....
...MultiChoice’s board will take independent advice in reviewing the R125 ($6.55) a share cash offer from Canal+, up from a R105 a share offer made in February....
...Others doubt it will change its overall policy. “There is no sign that the PBoC will change its course anytime soon,” said Chen Long, co-founder of Plenum, a Beijing-based research company....
...Many countries that face a debt crisis will have to pay back more to existing lenders and bondholders than they will receive in new loans....
...“But it will mean the company will need to service the debt on its own,” she added....
...Franklin Templeton said that it would continue to evaluate opportunities but “an IPO or sale of underlying assets will have to be individually approved by shareholders”....
...That has set up a confrontation with investors who say it will disrupt markets....
...For several decades, Joseph Nye has been one of the influential thinkers in international relations....
...JPMorgan said on Thursday that if sanctions were reimposed on Venezuelan debt, “the index rules on market disruption events will be followed and the country will be removed from the index”....
...Nangolo Mbumba, the country’s vice-president, has been sworn in as Geingob’s successor, but will not stand when the current presidential term expires in November....
...Payments on Kenya’s new dollar debt will be staggered into $500mn instalments between 2029 and 2031, in contrast to the previous bond....
...The first purpose of the discussions in Beijing “was to get Chinese colleagues to clarify what exactly was not satisfactory, on the basis of which further engagements will be held with the other official...
...“China will be exporting deflation to the rest of the world, and you will find various countries dealing with the fact that China has built up overcapacity,” said Chetan Sehgal, lead portfolio manager at...
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