Ecuador received a temporary reprieve over the weekend when the government announced that a sufficient number of investors had agreed to a consent solicitation to defer interest payments.
Hard times ahead for fisheries exports. According to a paper circulated among members of Argentina's different fish industry chambers foreign market prospects are not encouraging since the main markets, Spain, Italy, China and the United States, are suffering the greatest impact from the coronavirus pandemic.
A bipartisan group of U.S. lawmakers called on Sunday for expanding payroll assistance to struggling local newspapers and broadcast stations that have seen advertising revenue plummet during the coronavirus pandemic.
Brazil's central bank president Roberto Campos Neto said this weekend that Latin America's largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according to an interview in local media.
Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, according to a report filed by Reuters.
The Falkland Islands Government announced on Friday a suite of new measures to assist businesses, private sector employees and households as they adjust to the economic effects of the COVID-19 Pandemic.
The coronavirus outbreak in Ecuador is increasing pressure on President Lenin Moreno to default on US$ 17 billion in debt and devote more resources toward fighting a pandemic that has left bodies in the streets of the nation’s largest city.
Argentina sketched out its debt restructuring proposal to international creditors on Thursday, involving a three-year grace period, large coupon cuts and a smaller reduction in capital, as it looks to win over bondholders to a deal.
The 2019/20 tourist season is likely to be remembered as, “the one that fell off the cliff in March,” summed up Falkland Islands Tourist Board Executive Director Steph Middleton this week. But despite the impact of the pandemic it wasn’t all bad up until then confirmed, Mrs. Middleton and other industry members.
China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralyzed production and spending, raising pressure on authorities to do more to stop mounting job losses.