Moscow says it is unable to send money to bondholders due to sanctions, blaming the Western countries for trying to push it into an “artificial” default.
Wall Street tumbles into what's called a bear market after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20 percent below its record set early this year.
President Bukele plans to build the world’s first ‘Bitcoin City’ using bitcoin-backed bonds, which will rely on betting big on the cryptocurrency’s future.
The president of the opposition-controlled Congress levelled the charge after the Wall Street Journal reported that Goldman Sachs bought government bonds at a steep discount from the cash-strapped regime.
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