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World braces for Russian debt default as payment deadline looms – live updates

Good morning. All eyes are more likely to be on Russia at present because the deadline looms for a $117m coupon on the nation’s sovereign bonds. An try to pay in roubles could also be thought of to symbolize a default on Moscow’s debt.

Later at present, the Federal Reserve is predicted to take its first steps in direction of tackling hovering inflation within the US, by elevating rates of interest.

5 issues to start out your day 

1) How Komarek gained management of the lottery within the race in opposition to Camelot – and what it means for customers  The exterior wager unexpectedly triumphed along with his bid for the lottery, which is able to fall on the shoulders of a little-known tycoon 

2) BNP Paribas lawyer who stored his job after calling Asian colleague ‘Hu She’ leaves French financial institution  Emails additionally confirmed that the senior lawyer referred to a different worker as ‘Biryani’

3) Germany to fireplace up mothballed coal energy stations  One of Europe’s largest power firms is reviewing which vegetation might be introduced again on-line to scale back reliance on Russian fuel

4) Elon Musk blames hovering prices for Tesla value rises  Cheapest automotive bought in Britain, the Model 3, is now £1,000 dearer at nearly £44,000

5) War forces farmers to assume once more about GM crops  Genetic modification might make Britain’s meals system much less prone to geopolitical turmoil

What occurred in a single day 

Asian shares rose on Wednesday as buyers awaited a broadly anticipated resolution by the US Federal Reserve on rate of interest coverage.

Japan’s benchmark Nikkei 225 jumped 1.7pc in morning buying and selling to 25,784.71. Australia’s S&P/ASX 200 added 0.9pc to 7,160.00. 

South Korea’s Kospi gained 0.8pc to 2,641.23. Hong Kong’s Hang Seng rose 2.1pc to 18,807.58, whereas the Shanghai Composite shed 0.4pc to three,050.59.

Coming up at present

  • Corporate: Computacenter, 4imprint, Centamin, CLS Holdings, Ferrexpo, Fevertree, IP Group, Restaurant Group (full 12 months); IG Group (buying and selling replace)
  • Economics: Federal Reserve rate of interest resolution, retail gross sales (US)



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