South America

Results for South America

China Loosens Debt Terms for Venezuela

South America’s most economically troubled country, facing fears of a debt default amid tumbling oil prices and a cash crunch, has been thrown a lifeline by its largest lender, China, The Wall Street Journal reported. The Asian giant loosened repayme ...

Daily Headline - global.abi.org - 11/24/2014 - 21:19 - 0 comments

China Loosens Debt Terms for Venezuela

South America’s most economically troubled country, facing fears of a debt default amid tumbling oil prices and a cash crunch, has been thrown a lifeline by its largest lender, China, The Wall Street Journal reported. The Asian giant loosened repayme ...

Daily Headline - global.abi.org - 11/24/2014 - 21:14 - 0 comments

Impsa Sells Brazil Wind Parks as It Readies Bond Restructuring

Industrias Metalurgicas Pescarmona SA, the Argentine wind-turbine maker owned by the Pescarmona family and known as Impsa, agreed to sell holdings in wind parks in Brazil to a local developer as it prepares to restructure its debt, Bloomberg News reporte ...

Daily Headline - global.abi.org - 11/19/2014 - 20:48 - 0 comments

Argentina Default Settlement Odds on Leftover Bonds Surge

repeated Nov. 7 that a solution should include all bondholders. Read more. (Argentina) ...

Daily Headline - global.abi.org - 11/13/2014 - 21:16 - 0 comments

Incoming Brazilian Government Faces Cash Crunch

Brazil’s next finance minister, to be appointed within weeks, must wrestle with a growing government problem: not enough money, The Wall Street Journal reported. Shoring up Brazil’s books is crucial for the nation to avoid a potential credit rating d ...

Daily Headline - global.abi.org - 11/11/2014 - 22:48 - 0 comments

Argentina Default Spreads To Par Bonds, Risking Payment Demands

Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that the country's cash-strapped government immediately repay all of its debt. Arg ...

Daily Headline - global.abi.org - 11/02/2014 - 18:47 - 0 comments

Argentina Central Bank Borrows $814 Million Under China Currency Swap

Argentina’s central bank tapped a currency swap line with its Chinese counterpart for the first time Thursday, requesting the equivalent of about $814 million at a time when its hard currency reserves are under pressure, The Wall Street Journal repor ...

Daily Headline - global.abi.org - 10/30/2014 - 20:37 - 0 comments

Brazil OKs Bankruptcy Protection Petition For Batista Unit MMX Sudeste

A Brazilian court has approved a bankruptcy protection petition filed by MMX Sudeste Mineracao SA, an iron-ore mining company controlled by Brazilian tycoon Eike Batista, the company said on Wednesday in a securities filing, Reuters reported. It was the ...

Daily Headline - global.abi.org - 10/22/2014 - 20:45 - 0 comments

Investors Weigh Venezuela Debt Default

In the famous Big Mac index of global currency values against the US dollar, Venezuela makes a surprise entrance as the third most expensive place in the world to eat a burger, the Financial Times reported. This unexpected finding can be explained by ...

Daily Headline - global.abi.org - 10/20/2014 - 20:15 - 0 comments

Brazil's Oi Says Rioforte Demise Unlikely To Impact Operations

Grupo Oi SA, the Brazilian telecommunications company struggling with rising debt and shrinking market share, said the demise of an investment vehicle that owed the company's Portugal Telecom SGPS SA unit almost 1 billion euros ($1.28 billion) is un ...

Daily Headline - global.abi.org - 10/20/2014 - 20:17 - 0 comments

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