Puerto Rico reached a proposed settlement with bondholders to restructure $18.8 billion in debt, part of an effort to exit from bankruptcy.
Whether governments and central banks can agree to simply cancel their sovereign debt will depend on the rules and specifics of the region.
Fixed-income executives are weighing in on a debate over whether governments and central banks should cancel the debt they've accumulated.
The global economic recovery will likely be subdued unless policymakers put investment-enhancing reforms in place.
The ECB's decision to increase its pandemic emergency purchase program to $2.21 trillion has been welcomed by money management executives.
Central banks are embarking on fresh waves of bond-buying to combat COVID-19, despite mounting claims the policy is losing its oomph.
The U.S. economic recovery remained moderate in much of the nation and showed signs of slowing where COVID-19 cases were particularly high.
Federal Reserve officials discussed providing more guidance on their bond-buying strategy during their Nov. 4-5 policy meeting.
The top two U.S. economic policymakers clashed over whether to preserve emergency lending programs designed to shore up the economy.
They were once America's corporate titans and beloved household names, but now they're increasingly looking like something else: zombies.
The labor market strengthened in October, defying forecasts for more subdued gains amid an intensifying pandemic and congressional inaction.
Federal Reserve officials kept monetary policy in a holding pattern as the final results of U.S. elections remain uncertain.
The Bank of England has expanded its quantitative easing program with additional purchases to try to protect the economy from COVID-19.
Abenomics has friends and foes but as the longtime prime minister bows out, investors are hoping his policies outlast him.
Kuwait is struggling to make ends meet as a decline in energy prices raises questions over how Persian Gulf states are run.
Japan posted a record economic contraction in the second quarter, with recovery prospects now hinging on quickly reining in new infections.
The U.K. economy is in a technical recession following a second quarter of negative growth and the biggest fall in quarterly GDP on record.
Argentina's bonds jumped to the highest this year after it struck a deal with its top creditors to restructure $65 billion of debt.
The U.S. economy recorded one its sharpest downturns in the second quarter, highlighting COVID-19's toll on businesses and workers.
An $858.1 billion coronavirus recovery fund for the European Union is being welcomed by money managers.
The rebound in the U.S. labor market accelerated in June as the economy reopened, though filings for jobless benefits remained elevated.
The Bank of England boosted stimulus to the U.K. economy with an additional £100 billion ($131.2 billion) in asset purchases.
The U.S. labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought after the coronavirus outbreak.
The leaders of the Treasury Department and Federal Reserve said they're working hard to get money from the CARES Act in the right hands.
Germany and France agreed to back a plan for a $543 billion recovery fund to help the EU weather the worst recession in living memory.