South America

Results for South America

Venezuela Seizes G.M. Plant in Latest Blow to Foreign Firms

Venezuela was once among the most lucrative markets in Latin America for foreign businesses, a country oozing in oil and blessed with an emerging middle class hungry for everything modern, from new cars to snug-fitting disposable diapers. But the good ti ...

Daily Headline - global.abi.org - 04/20/2017 - 21:40 - 0 comments

Moody's Sees Lower Rates in Brazil Taking a While to Revive Credit

Declining borrowing costs in Brazil will help local companies cut their debt and speed up refinancing efforts with creditors, even if they fail to jump-start economic growth in the short run, Moody's Investors Service said in a report on Wednesday. ...

Daily Headline - global.abi.org - 04/19/2017 - 18:26 - 0 comments

Templeton Boosts Argentina Holdings in Its $40 Billion Global Bond Fund

Argentinian President Mauricio Macri’s reform efforts have won approval from the world’s biggest emerging-market bond investor, Bloomberg News reported. Franklin Templeton Chief Investment Officer Michael Hasenstab boosted holdings in Argentina in the $4 ...

Daily Headline - global.abi.org - 04/19/2017 - 18:28 - 0 comments

PDVSA Notes Rally After Venezuela Makes Good on $2.2 Billion Debt Payment

Bonds issued by Venezuela’s state oil company rallied after the country made $2.2 billion in payments on notes that matured Wednesday, Bloomberg News reported. The $1.1 billion of notes from Petroleos de Venezuela that come due in seven months gained 2.1 ...

Daily Headline - global.abi.org - 04/12/2017 - 21:44 - 0 comments

Venezuela Staves Off Default, but Low Oil Prices Pose a Threat

Venezuela has put off a reckoning on its tens of billions of dollars in debt, but its ability to avoid a disastrous default will probably require much higher oil prices than appear likely in the next year or two, financial experts say. With its oil produ ...

Daily Headline - global.abi.org - 04/12/2017 - 21:49 - 0 comments

Bondholders Are Doubting Venezuela's State-Owned Oil Giant

Venezuela’s willingness to honor its debts is coming under fresh scrutiny even as the will-they-or-won’t-they jitters surrounding a $2.1 billion payment this week have largely subsided. The bonds from the state oil company maturing Wednesday traded as lo ...

Daily Headline - global.abi.org - 04/10/2017 - 22:08 - 0 comments

Venezuela Creditor Seeks Asset Freeze on U.S. Refiner Citgo

coming due this year and another $7.9 billion next year. Read more. (Subscription required.) ...

Daily Headline - global.abi.org - 04/10/2017 - 22:09 - 0 comments

BDO Declines To Replace PwC At Brazil's Oi Restructuring Case

Accounting firm BDO declined to replace PriceWaterhouseCoopers in the in-court restructuring of Brazilian carrier Oi SA, BDO said in a statement on Friday. The judge overseeing the restructuring dropped PwC from the case on March 31 alleging the firm mad ...

Daily Headline - global.abi.org - 04/09/2017 - 18:04 - 0 comments

Odebrecht Bonds Are Both the Best and Worst in Brazil

Odebrecht SA is rewarding some bondholders while others get burned, Bloomberg News reported. Notes issued by the holding company and backed by the construction arm plunged Wednesday after newspaper Valor Economico reported executives had told creditors t ...

Daily Headline - global.abi.org - 04/06/2017 - 19:51 - 0 comments

Venezuelan Bond Sell-Off Accelerates as $2 Billion Payment Looms

PDVSA also took a leg lower, with the note due in 2035 down 2.7 per cent at 43.1 cents on the dollar. ...

Daily Headline - global.abi.org - 04/04/2017 - 22:07 - 0 comments

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