Results for South America
- Argentine President-Elect Vows "Tough" Debt Default Talks
Argentine President-elect Mauricio Macri plans to push through economic reforms that will buy him time for a "tough negotiation" with U.S. hedge funds suing the country over unpaid government debt, Bloomberg News reported. The pro-business Macr ...
Daily Headline - global.abi.org - 11/24/2015 - 22:04 - 0 comments
- Chile Car Dealer Misses Coupon, Agrees to Debt Restructuring
Automotores Gildemeister SA, a Chilean car dealer, agreed to cede options to buy 40 percent of the company to its bondholders as part of a restructuring of debt. The company failed to pay a coupon on its 2021 bonds that was due Tuesday, Bloomberg News re ...
Daily Headline - global.abi.org - 11/24/2015 - 22:05 - 0 comments
- Brazil’s Economic Crisis Beats the Emerging Middle Class Back Down
A spiraling economic crisis has pushed Brazil’s emerging middle class to the brink, The Wall Street Journal reported. Urban unemployment rose to 7.6% in September, tied with August for the highest ... emerging middle class to the brink, The Wall Street Journal reported. Urban unemployment rose to 7.6% in ...
Daily Headline - global.abi.org - 11/09/2015 - 21:58 - 0 comments
- Credit Suisse's Brazil CEO Sees Crisis Dragging On for Years
In Brazil, many captains of finance are unwilling to risk upsetting the government by expressing their concerns publicly about the country’s economic crisis. Don’t put Jose Olympio Pereira in that group. Just seconds into an interview in Sao Paulo last w ...
Daily Headline - global.abi.org - 11/05/2015 - 21:17 - 0 comments
- Brazil President’s Own Party Resists Her Austerity Plans
Brazilian President Dilma Rousseff, who is struggling to get the country’s Congress to pass legislation meant to curb a widening budget gap, faces more resistance from members of her own party than almost any other grouping, according to a recent survey ...
Daily Headline - global.abi.org - 11/03/2015 - 20:29 - 0 comments
- Brazil’s Ruling Party Turns on Finance Minister Joaquim Levy
Embattled Brazilian President Dilma Rousseff has long been criticized by business interests for her economic policy as growth sputtered, budget deficits ballooned and inflation and interest rates soared. But now she facing increasingly strident calls for ...
Daily Headline - global.abi.org - 10/21/2015 - 21:39 - 0 comments
- Brazil's Next Big Crisis Is Scaring Bankers and Wiping Out Jobs
way up to 7.6 percent from a record-low 4.3 percent at the end of 2014. Nowhere are the layoffs that ...
Daily Headline - global.abi.org - 10/14/2015 - 21:14 - 0 comments
- I.M.F. Gathers Experts to Evaluate Global Preparedness for Fiscal Crisis
As financial leaders gather this week to assess the health of the world economy, one of the central topics for discussion will be how ready markets are for a crisis in a large developing economy such as China, Turkey or Brazil, the International New Yo ...
Daily Headline - global.abi.org - 10/08/2015 - 20:56 - 0 comments
- Brazil’s President Takes Steps on Austerity
President Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10 percent, reducing the size of her cabinet and slashing thousands of coveted jobs for political appointees in an effort to build support for broader austerity measur ...
Daily Headline - global.abi.org - 10/04/2015 - 16:52 - 0 comments
- Insolvency On Brazil Electricity Market Grows
Insolvency on the Brazilian electric energy market has spread to critical levels, energy traders said on Tuesday, as hydroelectric generators balk at hefty bills for which the local regulator says they are on the hook, Reuters reported. After nearly two ...
Daily Headline - global.abi.org - 09/29/2015 - 18:46 - 0 comments