Tag: default

• Monday, January 27th 2020 - 08:19 UTC

  Argentine economy minister in New York for talks with IMF and US Treasury officials

  

  Argentina's Economy Minister Martin Guzman iis in New York and on Monday will be participating of a conference at the Council of Americas. Later in the day he will meet h International Monetary Fund and U.S. Treasury officials, as part of Argentina's efforts to revive growth and renegotiate its debts.

• Wednesday, January 15th 2020 - 09:50 UTC

  Buenos Aires province negotiating an extension on a US$ 250m bond payment on January 26

  

  Buenos Aires province bonds added to recent losses on Tuesday after the provincial government asked holders for an extension on a more than US$ 250 million payment due later this month, dragging Argentina’s debt lower as well.

• Friday, January 3rd 2020 - 09:54 UTC

  Argentina issues Treasury Bills, subscribed by the Central bank, to pay creditors

  

  Argentina's new government announced the issuance of US$ 1.326 billion of dollar-denominated Treasury Bills, to be directly subscribed by the central bank, according to a decree in the Official Gazette on Thursday.

• Saturday, December 21st 2019 - 11:03 UTC

  Argentina's credit rating downgraded to near-default by Fitch and S&P

  

  Argentina’s credit rating was downgraded to near-default status by two of the biggest global rating companies, Fitch Ratings, and S&P Global after the government said it would delay payments on its short term dollar-denominated local debt.

• Thursday, December 27th 2018 - 05:27 UTC

  Cuba and Venezuela default on Brazilian development loans

  

  After defaults in Mozambique, Venezuela, and Cuba the Brazilian government froze credit lines for new exports, a measure that will affect mostly small and medium-sized businesses. The Brazilian Treasury Department will spend US$ 6 million to reimburse BNDES (National Bank For Economic and Social Development) for Cuba's default

• Tuesday, December 18th 2018 - 09:35 UTC

  Creditors demanding payment of US$ 1.5 billion Venezuelan bond in default

  

  A group of creditors has demanded payment on a US$ 1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation. President Nicolas Maduro’s government and state-owned companies owe nearly US$ 8 billion in unpaid interest and principal following this year’s default on bonds amid a hyperinflationary collapse of the country’s once-wealthy socialist economy.

• Tuesday, September 13th 2011 - 07:26 UTC

  Fears of a Greek default spread uncertainty to world markets

  

  United States shares staged a late recovery on Monday to post only their second positive close of the month. Earlier, European and Asian markets fell on fears that Greece may default. In Latin America results were much in line with the US.

• Tuesday, September 13th 2011 - 07:23 UTC

  Germany debates “taboos” and possible “orderly insolvency” for Euro zone crisis

  

  German Chancellor Angela Merkel said on Tuesday there were generally no taboos in politics but that the Euro zone crisis would not have a mechanism for ‘orderly insolvency’ of one of its members until its permanent rescue mechanism comes into power in 2013.

• Sunday, June 26th 2011 - 02:46 UTC

  China loans and oil prices boost Ecuador economy two years after default

  

  Ecuador’s bonds are rewarding investors with the best performance in Latin America as Chinese loans and higher oil prices boost confidence in the economy two years after the country defaulted on 3.2 billion US dollars in debt.

• Friday, June 24th 2011 - 20:15 UTC

  Krugman: “when Argentina tried to act as a serious country, it was “a disaster”

  

  Nobel Prize winner Paul Krugman took to his blog in the New York Times to say he didn’t see how Argentina’s default could be seen as a cautionary tale for Greece, and questioned a local economist who assured Argentina was not considered “a serious country.”