Results for South America
- Argentina Faces Very Different Debt Default If Loses Legal Fight
When Argentina defaulted on its debt in 2002, the economy was collapsing and a bloody popular revolt had helped topple two presidents in a week. Now, the country could default again, but it would be over a matter of principle rather than necessity, Reute ...
Daily Headline - global.abi.org - 05/13/2013 - 21:30 - 0 comments
- UN Warns Global Youth Unemployment Will Continue To Rise
Global youth unemployment is set to continue growing over the next five years, putting a generation at risk of lasting damage to their earnings potential and job prospects throughout their lives, the International Labour Organisation has warned, the Fi ...
Daily Headline - global.abi.org - 05/08/2013 - 21:49 - 0 comments
- Regulator Seeks Speedy Resolution Of Grupo Rede Bankruptcy
acquiring Rede Energia for the symbolic price of 1 real ($0.50) plus assumed debt and have the exclusive ...
Daily Headline - global.abi.org - 05/07/2013 - 21:56 - 0 comments
- Brazil Wants Shareholders To Pay For Rescue Of Troubled Banks
The Brazilian government, concerned about systemic risk in the rapid growth of banking assets, will propose legislation to make shareholders, bondholders and depositors pay for rescuing troubled banks and shield taxpayers from the cost of bailouts, Reute ...
Daily Headline - global.abi.org - 05/06/2013 - 20:34 - 0 comments
- Brazil Extends Probe Of Failed Banco BVA, Buying Time
Brazil's central bank appointed a committee on Thursday to investigate the reasons behind last year's collapse of Banco BVA SA for an additional 120 days, giving potential buyers more time to consider acquiring the mid-sized lender, Reuters rep ...
Daily Headline - global.abi.org - 04/04/2013 - 22:49 - 0 comments
- Argentina Defends Payment Plan; Analysts Trash It
Argentine officials say their plan for paying $1.4 billion in defaulted debt is fully within the spirit of U.S. court rulings, the Associated Press reported. But Wall Street analysts say the offer looks nothing like the letter of the law as the appellate ...
Daily Headline - global.abi.org - 04/01/2013 - 21:20 - 0 comments
- Argentina ‘Greek Tragedy’ Nears End as Debt Ruling Looms
Argentina may learn at any time whether a U.S. appeals court will rule that it must pay $1.4 billion to holders of its defaulted debt, something the South American country has resisted for more than a decade, Bloomberg reported. The court in New York is ...
Daily Headline - global.abi.org - 03/31/2013 - 21:28 - 0 comments
- Argentina Ponders Offer In Debt Drama
Argentina is hoping an offer it must make to a US appeals court by Good Friday spelling out exactly what it is prepared to pay its “holdout” creditors will be enough to avoid crucifixion in its high-stakes sovereign debt drama, the Financial Times re ...
Daily Headline - global.abi.org - 03/27/2013 - 22:36 - 0 comments
- Bondholders Unlikely To Derail Brazil's Grupo Rede Takeover Plan
are in the process of acquiring Grupo Rede for the symbolic price of 1 real ($0.49) plus assumed debt. ...
Daily Headline - global.abi.org - 03/26/2013 - 23:10 - 0 comments
- Argentina Given Hope In Debt Battle
Argentina has greeted an order from a US appeals court for more information on its offer to holdout creditors as a glimmer of hope in its fight not to pay “vulture funds” without a steep writedown on their debt, the Financial Times reported. “We are ...
Daily Headline - global.abi.org - 03/03/2013 - 21:57 - 0 comments