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The former Empire actor will be freed after posting a personal recognizance bond of $150,000, meaning he agrees to come to court as required

Actor Jussie Smollett speaks after he''s sentenced to jail on March 10, 2022. (Photo: Reuters) POOL New / reuters Jussie Smollett will be released Wednesday from Chicago''s Cook County Jail as he appeals his conviction . The news comes less than a week after the former Empire star was sentenced to 150 days behind bars for lying to police about staging his own hate crime in 2019. It''s the latest twist in a bizarre, three-year legal saga for Smollett. Smollett will pay a $150,000 bond in order to walk free later Wednesday while his case is on appeal. A video message from attorney Nenye Uche posted on Smollett''s Instagram account declared the ruling a "huge win in what will be a longer road ahead" and proclaimed, "Jussie is coming home tonight." View this post on Instagram A post shared by @jussiesmollett Yahoo Entertainment has reached out to the actor''s team for additional comment. Smollett''s lawyers filed an emergency motion to stay his sentence. The actor, who is Black and gay, was convicted on five felony counts of disorderly conduct for lying to police about being the victim of a racist and homophobic hate crime.

Actor Jussie Smollett is to be released from jail on bond as he appeals his conviction for lying to Chicago police about a racist and homophobic attack.

It was a wild day for stocks, bonds and other assets as the Federal Reserve delivers a widely expected rate hike and signals many more are on the way.

Rebalancing can fetch $230-billion inflows into world stocks this month

Thursday : Troops ‘purposefully and cynically’ attacked a venue sheltering civilians, city officials say. Plus: artefacts, memories and personal treasures thrown out in NSW flood cleanup Good morning. Joe Biden has called Vladimir Putin a war criminal for the first time since Russia’s invasion of Ukraine. It comes amid reports that Russian forces shot and killed 10 people waiting for bread. Scott Morrison faces criticism over his aged-care sector bonus scheme, and rental tenants feel the heat. The international court of justice in The Hague has ordered Russia to halt its invasion , saying it has not seen any evidence for the Kremlin’s justification of the war, namely that Ukraine was committing genocide against Russian speakers in the country’s east. The US has pledged an additional $800m in security assistance to Ukraine, after Volodymyr Zelenskiy’s empassioned address to the US Congress . Invoking Pearl Harbor and the September 11 terrorist attacks, the Ukraine president warned that “the destiny of our country is being decided”.

Bonds sold off and stocks seesawed in volatile trading after the Fed released a forecast for a slightly more aggressive series of rate hikes than expected.

Russia Fails To Pay Scheduled Interest On Dollar Bonds By Close Of Business In London Holders of Russian government dollar bonds with coupons due on Wednesday have not received confirmation of payment as of close of business in London , according to Reuters , raising fears that the Russian default we previewed last night - the first since 1998 - may be imminent (once the 30 day grace period expires). At issue are two dollar-denominated government bonds which have $117 million in interest due today. Failure to pay - or attempting to pay in rubles instead of dollars - would potentially place Russia in default by its creditors . As discussed last night, the bonds have a 30-day grace period, so creditors can''t officially declare default until April 15. Meanwhile, Russia is arguing that if it defaults it won''t be its fault but rather that of sanctions: "The possibility or impossibility of fulfilling our obligations in foreign currency does not depend on us," FinMin Anton Siluanov told Russia Today. "We have the money, we paid the payment, now the ball is on the side, first of all, of the American authorities." Earlier in the week, Siluanov indicated that the payment might end up being made in rubles because the central bank''s foreign currency accounts have been bocked by sanctions. "The payment arrived at the appropriate American bank, which is our foreign currency account holder," he told RIA, adding: "Currently the payment is being processed and so far we have had no statements on whether it has or hasn’t gone through.

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Historic default on $117m coupons would add to intense economic pressure on Moscow Russia-Ukraine war: latest updates What we know on day 21 Russia faced a crucial bond payment on Wednesday that could lead to the sanctions-racked country defaulting for the first time since 1998, and its first major international debt default since the Bolshevik revolution a century ago. Moscow was due to make $117m (£89.4m) interest payments, or coupons, to investors holding $2-denominated bonds. But with much of its foreign exchange reserves frozen by international sanctions, it may be unable to pay. Continue reading…

WASHINGTON, D.C.—The Philippines and the United States further deepened their cooperation in developing the former’s nuclear-energy program. This,…

Bumpy trading in U.S. bonds is raising concerns about potential liquidity problems, and some strategists say the central bank may need to take steps to help the market, possibly by lifting some regulatory constraints on banks.

In brief, accoording to to Fitch Ratings’ Sovereign Rating Criteria the payment in local currency of Russia’s US dollar Eurobond coupons due on 16 March would, if it were to occur, constitute a sovereign default, on expiry of the 30-day grace period. These are the first foreign-currency so