One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both super-majors and smaller players making big waves in the heart of new discovery areas.
A group of hedge funds, including George Soros’s Quantum Partners and J. Kyle Bass’s Hayman Capital, is seeking a 226 million Euro interest payment on Argentine bonds from Bank of New York Mellon, BONY, that was blocked by a United States judge last month.
George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.
George Soros says stop worrying about the Euro-zone and look at the slower growth in China. The hedge fund boss, who built his fortune betting on the world’s money markets, is concerned that twenty years of rapid growth is about to run out of steam.
Uruguay’s voice is much respected in international affairs and this can be attributed to the country’s foreign policy, although ‘it’s not only a merit of this administration but a long term achievement’, said President Jose Mujica on Thursday in a brief exchange with the media delegation covering events in New York.
President Juan Manuel Santos was grateful and ‘accepted with prudence’ his Uruguayan peer Jose Mujica offer to host a peace-talks process in Montevideo with the other big guerrilla movement in Colombia, the ELN, National Liberation Army
The European Union could be destroyed by the nightmare Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.
Argentine President Cristina Fernández met on Monday with billionaire investor George Soros at the Mandarin Oriental Hotel in New York, before her speech at the United Nations General Assembly on Tuesday. The meeting was held on an “open agenda” and lasted for an hour.
International financier George Soros has called for Germany to lead or leave the euro days before a crucial ruling on the Euro zone's bailout fund by Germany's constitutional court. Mr Soros argued that the euro zone should target 5% economic growth.
Billionaire investor George Soros has warned European leaders they have a three-month window to save the Euro and insisted that the EU leaders did not understand “the nature of the crisis”.