South America

Results for South America

Venezuela In A Bind As Nicolás Maduro Faces Default Dilemma

Fund forecasts will shrink 7 per cent this year, Mr Maduro and his ruling Socialist party are in a ...

Daily Headline - global.abi.org - 01/22/2015 - 22:28 - 0 comments

Latin American Default Wave Just Getting Started: Credit Markets

Latin America is turning into the world leader in corporate-bond defaults, Bloomberg News reported. Four companies in the region have skipped dollar-denominated debt payments this month, more than any other area and almost half the total in all of 2014. ...

Daily Headline - global.abi.org - 01/22/2015 - 22:35 - 0 comments

Brazil Raises Taxes On Fuel And Loans To Plug Budget Deficit

Brazil will next month increase taxes on fuel and loans to individuals and adjust other duties to help plug the government’s yawning budget deficit, the Financial Times reported. New finance minister Joaquim Levy announced the measures on the eve of ...

Daily Headline - global.abi.org - 01/19/2015 - 23:41 - 0 comments

Brazil’s OAS Said to Seek $760 Million Loan After Payment Missed

OAS SA, the Brazilian builder that skipped bond payments this month as it tries to restructure debt, is seeking a 2 billion-real ($760 million) loan that would be repaid with proceeds from asset sales, three people with knowledge of the matter said, Bloo ...

Daily Headline - global.abi.org - 01/11/2015 - 19:55 - 0 comments

Brazil Orders Spending Cuts Until Budget Bill for 2015 Approved

Brazil’s Planning and Budget Ministry ordered the federal government to cut some spending until the country’s congress approves a budget law for 2015, The Wall Street Journal reported. The measure, which is more restrictive than existing rules, is an ...

Daily Headline - global.abi.org - 01/08/2015 - 22:38 - 0 comments

Debt Dispute Between Argentina and Hedge Funds at Impasse

The hopes of easing a debt dispute between Argentina and a group of New York hedge funds seemed to be dashed on Monday after the country’s economy minister made an offer that appeared to fall well short of what the investors were seeking, the Internati ...

Daily Headline - global.abi.org - 01/05/2015 - 21:05 - 0 comments

What Happens When A Country Goes Bust

From the days when monarchs over-borrowed for their mercantile adventures, to Argentina’s recent failure to pay its creditors, countries have long run into trouble paying back what they have borrowed. Spain’s 16th-century king, Philip II, reigned over fo ...

Daily Headline - global.abi.org - 01/04/2015 - 21:12 - 0 comments

Clause Expires, Could Help Settle Argentine Debt

The Argentine government and a holdout group of bond creditors led by billionaire Paul Singer will soon have a chance to renegotiate a longstanding debt dispute that U.S. courts and the United Nations have wrestled with and that ultimately could affect d ...

Daily Headline - global.abi.org - 01/04/2015 - 21:14 - 0 comments

Rousseff Vows Brazil Economic Adjustment With Minimum Pain

to 5.8 percent of gross domestic product and economic growth has come to a standstill from 7 ...

Daily Headline - global.abi.org - 01/01/2015 - 20:40 - 0 comments

Petrobras Finds Itself In Deep Water

There are not many executives who have asked their boss three times whether they should be fired and survived. Maria das Graças Foster, chief executive of Petrobras, Brazil’s crisis-stricken state-owned oil company, says she’s one, the Financial Times ...

Daily Headline - global.abi.org - 12/29/2014 - 22:30 - 0 comments

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