Default Risk – Business Insider Australia

Markets Mar. 18, 2022, 11:08 AM

S&P Global cuts Russia’s credit rating even deeper into ‘junk’ territory as the risk of default grows

"At this point, we consider that Russia's debt is highly vulnerable to nonpayment," S&P Global said, noting a Eurobond payment may have been missed.

Markets Jul. 14, 2020, 10:23 PM

Citigroup reports 2nd quarter earnings that beat revenue and profit expectations on strong trading

Citigroup on Tuesday reported second quarter earnings that beat analyst expectations for revenue and profit. Still, net income took a hit, driven by a substantially higher allowance for credit loss reserves due to the pandemic recession. Shares of the bank jumped as much as 2% in early trading Tuesday. Watch […]

Markets Aug. 24, 2017, 6:26 PM

The risky product blamed for worsening the financial crisis is back on the rise

LONDON -- One of the financial products...

Markets Mar. 9, 2017, 7:40 AM

The shopping mall apocalypse is creating a $48 billion disaster in American finance

It’s a tough time to be in the shopping mall business. Black Friday sales last year provided the latest proof of changing dynamics in the retail sector as consumers continued to move their shopping online. Online sales grew to $US3.34 billion, up 22% compared to the previous year’s figures, while […]