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Investors braced as emerging debt defaults rise Mon Sep 1, 2008 11:17am EDT By Sebastian Tong - Analysis LONDON (Reuters) - Rising corporate debt delinquencies and the first sovereign credit default in two years are kindling investor concerns that more emerging market borrowers could fail to repay their debt. As the global credit crunch trundles past its first anniversary, some firms and governments are faltering on rising refinancing costs and heightened investor risk aversion. Seychelles failed to service a privately placed 55 million euro note last month and now teeters on a default of its $230 million global bond due...

A turning point in managing the world’s economy By Martin WolfPublished: April 22 2008 19:24 | Last updated: April 22 2008 19:24 As the latest World Economic Outlook from the International Monetary Fund remarks, “the world economy has entered new and precarious territory”. What are perhaps most remarkable are the contrasts between booming commodity prices and credit-market collapses and between buoyant growth in emerging economies and incipient recession in the US. So where are we? How did we get here? And what should we be doing?The WEO’s answer to the first question is that the US economy may shrink...