S&P Global Ratings lowers its rating of Russian foreign obligations to "SD" (selective default) since the Russian government decided to use rubles to pay off its bondholders instead of using U.S. dollars as stipulated. However, S&P expects that Russia will still meet its other payment obligations. (Reuters)
At least 13 people are killed and 10 others are missing after two boats carrying African migrants sink off the coast of Sfax, Tunisia. At least 19 people have been rescued. (Reuters)