The move came after President Mauricio Macri’s (right) government failed to sell new short-term bonds, leaving the government struggling to find the cash for hefty upcoming repayments

Argentina has defaulted on its debt, according to Standard & Poor’s, the rating agency, after it announced plans to delay payments on its $101 bil(...)

A view of  the New York Stock Exchange on August 14th. Photograph:  REUTERS/Eduardo Munoz

Stock markets globally were glad earlier this week to see that Donald Trump wasn’t prepared to cancel Christmas. Equities, which have had a bumpy ris(...)

Swedish and EU flag outside the Swedish Parliament. Stockholm on Wednesday sold 1.5 billion Swedish krona (€140 million) of government bonds with an average yield of minus 0.295 per cent

Sweden has joined the club of countries that have sold 10-year debt at a negative yield in a sign of how the dramatic rally in the global fixed-income(...)

The peso weakened 30.3 per cent to a record low of 65 per US dollar on Monday. Photograph: Ricardo Ceppi/ Getty Images

Argentina’s beleaguered peso currency collapsed on Monday and inflation was expected to rise as voters flirted with a return to interventionist econom(...)

Capital Economics predicted the UK government would probably loosen fiscal policy by as much as 1 per cent of GDP   if the UK crashed out of the EU. Photograph:  AP

The impact of a no-deal Brexit on Ireland may be less severe than previously thought, according to London-based consultancy Capital Economics. In its(...)

Italy’s lending rates have not yet significantly risen, but the ECB lending survey “implies that this could be just around the corner”

Euro zone banks expect to tighten credit standards for business and housing loans in the first quarter and experience a moderation in loan demand, the(...)

US president Donald Trump continues to overestimate his importance to the stock market. Photograph: Leah Millis/Reuters

The ongoing US bull market became the longest in history last week, but it seems ordinary investors barely noticed. Stocks had been closing in on Jan(...)

Euro zone business growth slowed more than expected this month as fears over a trade war with the United States and a weaker global expansion put anot(...)

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further infl(...)

German industrial output bounced back in May, data showed on Friday, suggesting that factories in Europe’s largest economy are gathering steam again a(...)

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