Kerim Karakaya

(Bloomberg) -- A group of Ukrainian debt holders has chosen PJT Partners Inc as its financial adviser ahead of a potential restructuring, according to people familiar with the matter.

Sri Lanka may reach a deal with investors to restructure its $12 billion in defaulted global bonds by mid-May, according to strategists at Standard Chartered.

Emerging-market stocks and currencies weakened on Friday as the escalation of tension in the Middle East spurred safe-haven demand among investors, sending gold and oil prices higher.

The Mexican peso is weighing down the index for emerging-market currencies Friday as risk assets take a hit from the latest flare-up in Middle East tensions.

(Bloomberg) -- Gauges for emerging-market stocks and currencies slipped Friday as risk assets took a hit from the latest flare-up in Middle East tensions.

Ukraine's hard-currency bonds gained on Monday after the approval of a $61 billion aid package by the US House of Representatives over the weekend threw the country a lifeline in the midst of Russia's relentless attacks.

(Bloomberg) -- Ukraine's hard-currency bonds crept higher on Monday, as investors digested the approval of a $61 billion aid package by the US House of Representatives over the weekend.

Ukraine's hard-currency bonds extended losses after a brief spike triggered by the approval of a $61 billion aid package by the US House of Representatives. Positive sentiment eroded as bondholders face tough talks with the war-turn nation about another debt restructuring.

Ukraine's dollar bonds offer notable upside as the nation remains on track to agree a restructuring deal with creditors following a breakthrough on a $61 billion US aid package, according to strategists at BofA Securities.

Emerging-market currencies will be attractive for carry traders as hawkishness has been spreading from the Federal Reserve to many developing central banks, according to strategists from Citigroup Inc. and JPMorgan Chase & Co.