South America

Results for South America

Venezuela Creditors Eye Oil Assets in Battle Over Unpaid Debt

force by the private sector against the regime of President Nicolás Maduro, which is overdue on $5.7 ...

Daily Headline - global.abi.org - 08/16/2018 - 22:33 - 0 comments

Venezuela Has $1 Billion Due Today. The Bonds Trade at 28 Cents

It’s pay day for $1.125 billion of Venezuelan sovereign bonds. But no one is expecting to get any money. After all, the bond in question is already in default due to a missed interest payment back in February, Bloomberg News reported. Why would Nicolas M ...

Daily Headline - global.abi.org - 08/15/2018 - 23:03 - 0 comments

Argentina Is Playing a Risky Game in the Bond Market

Struggling to staunch a run on the peso that has helped drive the economy to the brink of recession, Argentina is aggressively pushing investors out of some of the local debt notes they hold, Bloomberg News reported. It is a risky gambit -- the opposite ...

Daily Headline - global.abi.org - 08/15/2018 - 23:09 - 0 comments

PDVSA Leaves Its Argentine Gas Station Chain to Fend for Itself

As Venezuela's state-owned oil company PDVSA saw its finances devastated by low oil prices and mismanagement, it funnelled millions of dollars to Petrolera del Conosur, a loss-making Argentine gas station operator it controls, the International Ne ...

Daily Headline - global.abi.org - 08/15/2018 - 23:13 - 0 comments

Argentina’s Ex-President Answers Bribery Allegations

Cristina Fernández de Kirchner, the former president of Argentina, on Monday sought to paint herself as the victim of a conspiracy in the face of bribery allegations that have unsettled markets and led to comparisons with the corruption inquiry that has ...

Daily Headline - global.abi.org - 08/13/2018 - 22:59 - 0 comments

Argentina’s Bonds Slump as Graft Probe Pushes Economy to the Brink

The corruption scandal that broke in Argentina last week could be a political godsend for President Mauricio Macri -- and an economic nightmare for the country. A federal judge is probing hundreds of alleged bribes paid by construction companies, energy ...

Daily Headline - global.abi.org - 08/09/2018 - 22:52 - 0 comments

Argentine Issuers to Sell $5 Billion of Debt by March, Itau Says

Argentine companies will sell at least $5 billion of overseas bonds by March, reopening a window that has been closed for the past three months amid economic volatility, according to the head of Itau Unibanco Holding SA’s international fixed-income unit, ...

Daily Headline - global.abi.org - 08/07/2018 - 21:59 - 0 comments

A 1,400% Stock Jump Shows Merger Winds Are Blowing in Brazil Telecom

Speculation about consolidation is a staple in Brazil’s highly competitive, fast-growing telecom sector. Now, conditions may be ripe for action. NII Holdings Inc. has skyrocketed this year in New York trading, signaling that investors are stepping up the ...

Daily Headline - global.abi.org - 08/06/2018 - 23:57 - 0 comments

Brazil's Odebrecht Open to Foreign Partner for Construction Unit

The construction unit of Brazilian conglomerate Odebrecht SA is seeking to win $18 billion in engineering contracts in the next two years and could partner with a strategic foreign investor, the unit’s chief executive, Fabio Januário, told Reuters. Januá ...

Daily Headline - global.abi.org - 08/07/2018 - 00:01 - 0 comments

Brazil's Oi Sets Key Shareholders' Meeting for Early September

Oi SA, Brazil’s largest fixed line telecom firm, called a general shareholders’ meeting on Sept. 3 in Rio de Janeiro to formally vote on a 4 billion reais ($1.07 billion) capital injection, the company said, Reuters reported. In a securities filing made ...

Daily Headline - global.abi.org - 08/02/2018 - 23:23 - 0 comments

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