South America

Results for South America

After Venezuela Strongman’s Victory, Isolated Nation Faces Growing Chaos

For Venezuelan President Nicolás Maduro, the easy part was winning a presidential race where the main opposition candidates were barred, their supporters boycotted the vote, and his government controlled every aspect of the contest, including counting vo ...

Daily Headline - global.abi.org - 05/21/2018 - 23:15 - 0 comments

IMF Begins Work on Bailout for Argentina, With a U.S. Blessing

The International Monetary Fund moved on Friday to formally begin negotiations on a bailout of Argentina, without any objection from the Trump administration, The Wall Street Journal reported. The crisis in Argentina has prompted the U.S. to once aga ...

Daily Headline - global.abi.org - 05/21/2018 - 00:09 - 0 comments

Hasenstab Bets Big on Argentina in Another Risky Move

Bond fund managers often scoff at the big racy bets of equity investors, preferring the sweet sensation of a steady, diversified stream of coupon payments being made on time, the Financial Times reported. Michael Hasenstab is not like most bond inves ...

Daily Headline - global.abi.org - 05/17/2018 - 23:18 - 0 comments

U.S. Court to Hear Fight Over Brazil Telecom Oi's Bankruptcy Plan

A U.S. bankruptcy court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said on Wednesday, as investor discontent with Oi’s bankruptcy reorganization process shows no signs of abating, Re ...

Daily Headline - global.abi.org - 05/17/2018 - 00:14 - 0 comments

Argentina Peso Tumbles to New Low Despite IMF Talks

The pressure on the Argentine peso showed no sign of letting up on Friday, with the currency sinking to a new low even after the country bit the bullet and turned to the IMF for help in stabilising the economy, the Financial Times reported. The peso ...

Daily Headline - global.abi.org - 05/14/2018 - 00:54 - 0 comments

Argentina’s Plea for IMF Help is a Reminder of Global Fragility

A year ago, Argentina was the darling of global investors. So much so that, when it issued a pioneering 100-year bond, with a yield of just 7.9 per cent, investors gobbled it up — ignoring the fact that ... that, when it issued a pioneering 100-year bond, with a yield of just 7.9 per cent, investors gobbled it ...

Daily Headline - global.abi.org - 05/11/2018 - 00:46 - 0 comments

Argentina Says It Is Seeking Traditional IMF Bailout

Argentina is seeking a “stand-by arrangement” with the International Monetary Fund, according to the government, signalling its willingness to sign up to one of the organisation’s traditional economic adjustment programmes — complete with potentially pol ...

Daily Headline - global.abi.org - 05/09/2018 - 22:16 - 0 comments

Four Firms Interested in Viracopos Airport

Brazilian development bank BNDES is in talks with four companies interested in acquiring the operation of Viracopos airport, the bank’s chief executive officer said on Tuesday. Viracopos’ operator filed for bankruptcy protection on Monday and CEO Dyogo O ...

Daily Headline - global.abi.org - 05/08/2018 - 23:18 - 0 comments

World's Highest Rate Fuels Argentine Corporate Debt Distress

Count Argentina’s smaller companies among the victims of the three surprise interest-rate increases that are rippling through the economy, according to Federico Mac Dougall of First Corporate Finance Advisors SA, Bloomberg News reported. Mac Dougall, the ...

Daily Headline - global.abi.org - 05/08/2018 - 23:18 - 0 comments

Argentina Is in Talks to Get a $30 Billion Flexible Credit Line From the IMF

Argentina asked the International Monetary Fund for financing to help stem a five-month-rout in the peso that is sparking a surge in interest rates and threatening to derail the country’s economic recovery, Bloomberg News reported. “This will allow us to ...

Daily Headline - global.abi.org - 05/08/2018 - 23:19 - 0 comments

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