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Joseph Cotterill

Emerging Markets Correspondent

Email Joseph Cotterill @jsphctrl  on Twitter (link opens in a new browser window)
  • Wednesday, 11 September, 2024
    Sovereign bonds
    Maldives hunts for bailout to avoid first Islamic sovereign debt default

    Bond price tumbles as investors fret archipelago nation will miss October payment

  • Wednesday, 11 September, 2024
    News in-depthGlobal trade
    Developing economies counter Beijing’s export boom with tariffs

    Emerging markets also using levies to force China to build manufacturing plants within their borders

    Worker in protective clothing in a factory
  • Thursday, 5 September, 2024
    Chinese foreign policy
    China’s Xi courts African leaders to ward off geopolitical rivals

    Debt woes, trade imbalances and weakening domestic economy cloud Beijing summit with 50 African countries

    China’s President Xi Jinping and Zimbabwe’s President Emmerson Mnangagwa at a welcome ceremony at the Great Hall of the People in Beijing
  • Sunday, 1 September, 2024
    PDD Holdings
    Temu owner PDD builds $38bn cash pile as it denies investors payouts

    Chinese online retailer accumulates biggest net cash position of any listed group not to pay dividends or buy back shares

    A hand holding a smartphone displaying the Temu logo on an orange background. In the background, there is a blurred image of a laptop screen showing the Temu website with promotional banners.
  • Thursday, 29 August, 2024
    Maldives
    Maldives debt slumps after second Fitch downgrade

    Credit rating agency flags ‘intensified pressures’ on island nation’s currency reserves

    Maldives’ President Mohamed Muizzu speaks to the media after voting in the country’s parliamentary election
  • Wednesday, 28 August, 2024
    War in Ukraine
    Ukraine agrees debt relief deal worth $11bn

    President Zelenskyy has negotiated one of the fastest and biggest sovereign debt workouts in modern history

    Ukrainian President Volodymyr Zelensky and IMF Director Kristalina Georgieva
  • Friday, 23 August, 2024
    Sovereign bonds
    Grenada triggers ‘hurricane clause’ to suspend bond payments

    First-ever debt pause linked to natural disaster could spur wider adoption

    Aerial view of buildings with extensively damaged roofs in the town of Sauteurs, Grenada. The image shows debris scattered around and portions of rooftops missing, indicating the severe impact of Hurricane Beryl. Two vehicles are parked in a courtyard near the buildings
  • Thursday, 22 August, 2024
    Chinese business & finance
    Global investors pile into Chinese bank bonds

    Overseas buyers defy Beijing authorities’ unease over fear of debt market bubble

    Exterior of the People’s Bank of China
  • Monday, 29 July, 2024
    Mozambique
    Mozambique to recover $825mn from ‘tuna bonds’ fraud

    London court rules against Gulf shipbuilder Privinvest over scandal surrounding debt sold in 2013

    Security guards patrol past the EMATUM fishing fleet docked in Maputo, Mozambique
  • Wednesday, 24 July, 2024
    Indian business & finance
    India closes in on China as largest emerging market

    Rise to almost a fifth of global stock benchmark quandary for fund managers concerned at high Indian valuations

    A canopy made of umbrellas to shelter from the sun in New Delhi, India
  • Monday, 22 July, 2024
    War in Ukraine
    Ukraine strikes deal to restructure $20bn of debt

    Agreement with bondholders boosts Kyiv’s drive to use private capital to fund fight against Russia

    A Ukrainian soldier prepares to fire a shell towards Russian forces in the Donetsk region
  • Thursday, 11 July, 2024
    Kenya
    Kenyan president fires most of cabinet after mass protests

    Sackings follow deaths of 39 demonstrators amid anger over tax increases

    Protesters gesture at police during an anti-government demonstration in Nairobi earlier this month
  • Friday, 5 July, 2024
    Emerging market investing
    Frontier emerging markets stocks soar as investors cheer reforms

    Argentina’s Merval leads Latin America as heavily indebted nations chart path to growth

    Traders on floor of the Buenos Aires Stock Exchange, in Buenos Aires, Argentina in 2019
  • Tuesday, 2 July, 2024
    FT Investigations
    How a London fund with a thorny history in Russia won global influence

    Gemcorp’s past activities in Africa appear aligned with the Kremlin’s strategic priorities. Now it has senior Conservatives on the payroll

    Pictures of Sergei Chemezov, Sergei Adoniev, Lord Gerry Grimstone, Lord Edward Lister and Atanas Bostandjiev
  • Wednesday, 26 June, 2024
    Sri Lanka
    Sri Lanka reaches deal with creditor nations over $5.8bn of debt

    Agreement to restructure borrowings is ‘significant milestone’ towards ending debt crisis, says finance minister

    A vendor sorts vegetables at a market in Colombo, Sri Lanka
  • Monday, 24 June, 2024
    Ghana
    Ghana strikes deal with bondholders to end debt default

    Once confirmed, agreement will lower value of $13bn of international bonds by nearly 40%

    Crowds of customers make their way through a food market covered with colourful umbrellas in Accra
  • Saturday, 22 June, 2024
    Emerging market investing
    Emerging market currencies suffer worst start to year since 2020

    Unexpectedly strong dollar and misfiring ‘carry trades’ fuel 4.4% loss

    US dollar and Mexican peso notes
  • Wednesday, 19 June, 2024
    South Africa
    Investors cheer as Ramaphosa sworn in as South Africa’s president

    Rand and equities rise after African National Congress seals power-sharing agreement with Democratic Alliance

    Cyril Ramaphosa, right, is inaugurated as South Africa’s president for a second term on Wednesday
  • Monday, 17 June, 2024
    War in Ukraine
    Ukraine urges bondholders to accept markdown on more than $20bn of debt

    Investors rejected government proposal this month to reduce bonds’ value by up to 60% ahead of deadline

    Ukraine’s President Volodymyr Zelensky, centre, looks at papers on a table with attendees in the background at the plenary session of the Summit on Peace in Ukraine the Burgenstock resort in Switzerland on Sunday
  • Monday, 17 June, 2024
    FT News Briefing podcast11 min listen
    Defence sector goes on a hiring spree

    Top US and European defence companies want to recruit tens of thousands of workers this year

  • Thursday, 13 June, 2024
    Russian business & finance
    Russia halts foreign exchange trading as US sanctions sow confusion

    Washington’s latest curbs force transactions in dollars or euros off central exchange

    An electronic board with exchange rates at a currency exchange office in Moscow
  • Tuesday, 11 June, 2024
    Emerging market investing
    Frontier emerging markets lure investors back with high yields

    Foreign buyers attracted to the local currency debt of former pariahs such as Kenya and Pakistan

    Boys sell sweet pastries to pedestrians outside an 18th-century Ottoman landmark in Cairo
  • Thursday, 30 May, 2024
    FT News Briefing podcast11 min listen
    Private equity now says sharing is caring

    PE firms are turning to profit sharing to help bring in higher returns

  • Tuesday, 28 May, 2024
    Zambia
    Zambia to exit sovereign default as bondholders back restructuring

    Deal comes nearly four years after country reneged on debt

    Hakainde Hichilema
  • Monday, 27 May, 2024
    Sovereign bonds
    Israel’s borrowing spree reaches Palm Beach as US municipalities pile in

    County and state governments are enthusiastic investors in debt that is helping buttress Israel’s wartime deficit

    A beach-side photo of Palm Beach, Florida, US
Previous page You are on page 1 Next page

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