Russian default risk recedes, the Fed and BoE hike rates, China goes into lockdown and Biden gets serious
RUSSIA PAYS ITS DUES
Russia Default Risks
Russia has transferred U.S. dollars to settle coupon payments on two Eurobonds, according to people familiar with the matter. Russian credit swaps on imply a 48% chance of default within a year, according to CMAI data, down from 60% on Thursday. (Bloomberg)
HSBC JOINS J.P. MORGAN IN THE METAVERSE
HSBC and The Sandbox, have announced a new partnership that will open up a host of opportunities for virtual communities across the world to engage with global financial services providers and sports communities in The Sandbox metaverse. (More).
PORSCHE TO TEAM UP WITH APPLE?
Porsche (OTC:POAHY) late last year discussed possible joint projects with Apple (NASDAQ:AAPL) as well as with some other tech companies, Porsche’s CEO said today. Before you get too excited, the two firms are said to be on the same wavelength but added it was too soon to make any decision on future projects.
HSBC Joins The Metaverse
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