Global margin call hits European debt markets

Risk gauges in Germany’s government debt market rose last week to levels higher than recorded in the 2008 world financial crash, as margin calls forced the liquidation of derivatives positions held by banks, insurers and pension funds. Big institutional investors that spent the past ten years insuring their portfolios against falling interest rates now face […]

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How soon the Filipinos forget

It’s been nearly six months since Ferdinand “Bongbong” Marcos Jr swept to a stunning — and to me regrettable — victory as president of the Philippines. Not enough time has passed for him to have stamped his mark on his country’s erratic history or to forecast its future. But the simple fact that a huge […]

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Tracking Sri Lanka’s tryst with the IMF

Sri Lanka’s crisis was in the making a long time ago, and it has now reached its zenith. The civil war that ended in 2009 wreaked havoc on the country’s finances, while the 2008 financial crises added to the woes. The country’s foreign-exchange coffers were emptied while deficits continued to widen. Sri Lanka’s successive governments […]

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