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Joseph Cotterill

Emerging Markets Correspondent

Email Joseph Cotterill @jsphctrl  on Twitter (link opens in a new browser window)
  • Monday, 7 October, 2024
    Renminbi
    Beijing tightens grip on renminbi after stimulus rally

    Stronger currency is challenging China’s exchange rate management with US election looming

    Chinese 100 renminbi banknotes are spread out, each displaying the portrait of Mao Zedong
  • Thursday, 3 October, 2024
    Ghana
    Ghana to exit default after two years with debt restructuring

    Deal to reduce Accra’s debt load by nearly $5bn could pave way for return to markets

    President Nana Akufo-Addo
  • Thursday, 3 October, 2024
    UK politics
    UK gives Chagos Islands to Mauritius to secure military base

    Deal comes after 50 years of wrangling over the remote but strategically important archipelago

    Demonstrators from the Chagos Islands hold up flags in Port Louis, Mauritius, in 2019
  • Wednesday, 2 October, 2024
    Asian Infrastructure Investment Bank
    China’s ‘World Bank’ gives backing to wave of renminbi bonds

    Asian Infrastructure Investment Bank will provide guarantees and support for developing nations’ ‘panda bonds’

    Jin Liqun speaks during an interview at the bank's headquarters in Beijing, with the AIIB logo in the background
  • Tuesday, 24 September, 2024
    Sovereign debt
    Spain calls for disaster ‘pause clauses’ for developing nation debt

    Spanish Treasury warns that shocks such as droughts or hurricanes could accelerate debt crises

    Several buildings with severely damaged roofs are visible in a drone photograph taken the day after Hurricane Beryl passed through the northern Saint Patrick parish town of Sauteurs, Grenada. Two cars are parked near the buildings, and debris is scattered around the area.
  • Saturday, 21 September, 2024
    Emerging market investing
    Investors hope US rate cuts will provide lift for emerging market debt

    Local currency bonds have lagged this year but Fed’s move is expected to ease pressure on developing nations

    Lesetja Kganyago, governor of the South Africa Reserve Bank, announces a cut in  rates
  • Friday, 20 September, 2024
    Sovereign bonds
    India bailout for Maldives lessens default fear

    Archipelago nation receives $50mn to meet October coupon payment

    Summer Island, North Male Atoll, Maldives
  • Thursday, 19 September, 2024
    News in-depthSri Lanka
    Sri Lanka’s elite face voters’ judgment in first poll since plunge into economic crisis

    Leftist frontrunner promises crackdown on ‘corrupt’ politicians and calls for revisiting deals with IMF and bondholders

    Two boys walk past a large poster of incumbent president Ranil Wickremesinghe on a rubish-strewn street
  • Wednesday, 18 September, 2024
    Indian business & finance
    India overtakes China in world’s biggest investable stock benchmark

    Red-hot Indian equities propel country past China weighting in MSCI All-Country index

    A pedestrian stands outside the Bombay Stock Exchange building in Mumbai, looking up at the building and its electronic display board.
  • 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
Previous page You are on page 1 Next page

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