CARACAS/NEW YORK (Reuters) – Venezuela’s dollar-denominated bonds tumbled on Wednesday after the government announced a new foreign exchange platform that was seen as insufficient to resolve an economic crisis and ease fears of a possible bond default.
The OPEC nation on Tuesday unveiled a new free-floating currency platform called Simadi, the third system in a three-tier exchange control mechanism meant to bolster state coffers.
#Columbia women beat Princeton – #fencing women’s Ivy championships. Already beat Brown.
#Columbia secures the win over Princeton – men’s Ivy championships #fencing. Columbia already over #Brown.
NEW YORK (Reuters) – Investing in Argentine debt, since the country’s 2002 sovereign default, has never been for the faint of heart.
It’s a lesson that investors who accepted a settlement, some as many as 10 years ago, are re-learning now that they hold freshly defaulted debt.