
IMF Met With Emerging-Market Creditors on Debt Rework Strategies
A group of International Monetary Fund officials met private creditors last week in London, as part of the multilateral lender's work to publish a new report on sovereign debt restructurings in emerging markets, according to people familiar with the matter.
IMF staff members met on June 9 with some bondholders from hedge funds and other asset managers to seek the private creditors' input on sovereign debt restructurings from 2020 onwards, the people said, asking not to be named because the meeting was private.
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Yahoo
19 minutes ago
- Yahoo
Coalition of the willing to reconvene ‘in weeks' as UK pushes Russian oil cap
Sir Keir Starmer and Volodymyr Zelensky will convene a meeting of the so-called 'coalition of the willing' in the coming weeks, Downing Street said as the UK pushed for allies to tighten the oil price cap on Russia. The Prime Minister on Tuesday announced a series of measures aimed at ramping up pressure on Vladimir Putin as he continues to resist calls for an unconditional ceasefire in Ukraine. Speaking to reporters on the sidelines of the G7 summit in Canada, Sir Keir said he 'strongly' believes that restrictions on the price of Russian crude oil should be strengthened to deplete its energy revenues. He also dismissed suggestions that plans, led by Britain and France, for a 'coalition of the willing' to send peacekeeping troops to Ukraine were dead in the water as progress towards a potential truce stalls. In a bilateral meeting with the Ukrainian president on the sidelines of the leaders' conference on Tuesday, the two leaders 'agreed to drive forward the next stage of military support', Number 10 said. 'Their meeting followed an extensive session with wider partners, focused on maintaining momentum to secure a just and lasting peace for Ukraine,' the readout said. 'The Prime Minister and president agreed to drive forward the next stage of military support – adding that a strong Ukraine is essential to guarantee peace in the long term. 'They agreed to convene the next coalition of the willing meeting in the coming weeks. 'They also discussed ramping up the economic pressure on Putin, with the Prime Minister updating the president on the new sanctions announced by the United Kingdom today. 'They agreed there should be no place to hide for those who fund Putin's war machine.' Mr Zelensky said they had agreed that 'to force Russia to end this war, coordinated sanctions by all G7 countries are needed against their energy and banking sectors, shadow fleet, and military-industrial complex'. Britain announced sanctions on 20 Russian oil tankers as well as measures to tighten the net around companies managing the vessels, with Downing Street saying the UK would also seek to 'move with partners' to tighten the energy price cap. A wider package of measures which Sir Keir suggested would be forthcoming from leaders gathered at the summit in the Canadian Rockies is yet to materialise after splits opened up in the approach to Russia on Monday. Allies face an uphill struggle to lower the cap from the existing rate of 60 dollars per barrel after Donald Trump signalled his reluctance to impose further measures on Moscow. The US president suggested he wanted to wait to 'see whether or not a deal is done' with Ukraine before targeting the Kremlin with further action. Speaking to reporters with him in Kananaskis, Sir Keir was asked if tightening the oil price cap would be possible without the backing of Washington. 'Obviously today we're going to focus on Ukraine,' Sir Keir said. 'We've got President (Volodymyr) Zelensky coming in. We're putting in extra sanctions today, including sanctions on the shadow fleet. 'Others will be doing, similar actions in coming days. And so that does ramp up the pressure. 'On the oil price, obviously, we're still looking at how we're going to make that work. But I strongly believe that we have to put those sanctions in place. We're having those discussions with President Zelensky today.' Talks to broker a possible peace in Ukraine have stalled as Moscow continues to pound the country with missile and drone attacks and holds out on US-backed proposals for an unconditional truce. Meanwhile, the UK and France have been leading efforts to assemble a so-called 'coalition of the willing' made up of nations prepared to send peacekeeping troops to Kyiv to enforce a potential ceasefire. Asked whether those plans were dead in the water, Sir Keir told reporters: 'On the coalition of the willing, no, not at all. That is obviously intended to answer the question, how do you ensure that if a deal is reached, a deal is kept so it's a lasting deal? 'Because the concern, has always been, that there have been deals, if you like, before, Putin has then subsequently breached them. 'So how do you stop that happening again? And the military planning is still going on, as you would expect, so that, when the time comes, we're ready to act.' Mr Zelensky is attending the G7 conference in Kananaskis, along with leaders from Canada, the US, France, Italy, Japan, Germany and Britain. 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Yahoo
41 minutes ago
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MP Materials (MP) Rallies 13.4% on Rare Earths Deal
MP Materials Corp. (NYSE:MP) is one of the . MP Materials rose for a third day on Monday, jumping 13.42 percent to end at $34.65 apiece as investor sentiment was boosted by the United States and China's progress on rare earths mineral exports. Last week, the US and China engaged in a three-day trade negotiation in London that was said to have focused on rare earths negotiations. Under the agreement, China will loosen restrictions on rare earths, allowing companies to supply magnets and elements to US firms. MP Materials Corp. (NYSE:MP)—the only rare earth producer in the US, also benefitted from the trade talks progress given its heavy reliance on Chinese companies in the refinery of elements. Heavy machinery at work in a mining facility, excavating the earth for rare earth minerals. It can be learned that MP Materials Corp. (NYSE:MP) stopped shipping mines to China for processing after the Chinese government previously slapped a 125-percent tariff on US imports. While we acknowledge the potential of MP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.


Business Upturn
42 minutes ago
- Business Upturn
Matt Haycox Hits 200K Monthly Downloads with UK's Most Unfiltered Business Podcasts
By GlobeNewswire Published on June 17, 2025, 23:52 IST LONDON, June 17, 2025 (GLOBE NEWSWIRE) — UK-based entrepreneur and podcaster Matt Haycox has reached a combined total of over 200,000 monthly downloads across his two business-focused podcasts, Stripping Off with Matt Haycox and No Bollocks with Matt Haycox . The milestone reflects a growing audience appetite for unfiltered, honest conversations about entrepreneurship, failure, and growth. Haycox, a self-made entrepreneur who experienced both financial success and bankruptcy before rebuilding his career, launched the two shows to offer an alternative to the polished and heavily scripted business content often found in mainstream media. Both podcasts feature in-depth interviews with founders, investors, celebrities, Olympians, and creatives, many of whom share personal stories not typically discussed in public forums. Stripping Off focuses on the emotional and personal journeys behind entrepreneurial success, while No Bollocks delivers strategic business insights without jargon or embellishment. Guests have included a range of high-profile individuals who open up about the realities behind their careers, highlighting both achievements and setbacks. Speaking about the milestone, Haycox said: 'There's a lot of noise in the podcasting space, but not a lot of truth. Listeners are tired of hearing the same success stories told the same way. We go deeper—and sometimes that means getting uncomfortable. But that's where the real value is.' The podcasts have built a loyal audience across the UK and Gulf Cooperation Council (GCC) region, resonating particularly with startup founders, business professionals, and aspiring entrepreneurs between the ages of 25 and 50. Across platforms, Haycox now reaches an estimated 500,000+ people, with growing traction on YouTube and social media channels. Haycox's shows continue to stand out in a crowded podcasting landscape by prioritising transparency over performance and by choosing guests based on their willingness to share experiences authentically—regardless of outcome. The podcasts are available on all major platforms, with full archives and additional resources available at . Media Contact:Name: Alicia VerrandoAddress: Marina Plaza, Dubai UAE Email: [email protected] Website: Disclaimer: This press release is provided by the Matt Haycox. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.