Russia looked set for its first sovereign default in decades as some bondholders said they had not received overdue interest on Monday following the expiry of a key payment deadline a day earlier.
- BusinessG7 to hike sanctions on Russia, nears oil price cap deal -U.S. official
The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant toraise pressure on Russia over its war in Ukraine, and will finalize plans for a price cap on Russian oil, a senior U.S. official said on Monday.
- MarketsMorning Bid: Take it easy, article with image
A look at the day ahead in markets from Saikat Chatterjee.
- WorldNorway court names suspect in Oslo gay bar shooting ahead of Pride gathering
Zaniar Matapour, a Norwegian citizen of Iranian origin whom police have described as a radicalised Islamist with a history of mental illness, is accused of killing two people and injuring 21.
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