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Jun 16, 2014

What’s next for Argentina’s debt battle after latest court defeat?

NEW YORK/BUENOS AIRES (Reuters) – The U.S. Supreme Court on Monday declined to hear Argentina’s appeal seeking to overturn an order to pay holdout sovereign creditors $1.33 billion, setting off a scramble in Buenos Aires on what it can do now given its legal options are exhausted.

If Argentina cannot come to an agreement with the holdouts and pay them at the same time it pays the bondholders who participated in two prior sovereign restructurings, the South American nation will enter a technical default. Exchange bondholders hold roughly $24 billion worth of restructured debt.

Jun 14, 2014
Jun 14, 2014

Costa Rica’s president says no plans for corruption probe

NEW YORK, June 13 (Reuters) – Costa Rica’s new president,
Luis Guillermo Solis, who won a landslide victory in April after
campaigning against poverty and corruption, said in an interview
on Friday there are no plans to open a formal investigation into
his predecessor’s tenure.

Instead, Solis said he will tell the nation what he has
discovered about the government’s operations during his first
100 days in office. He took office on May 8.

Jun 12, 2014
Jun 12, 2014
Jun 12, 2014

Mexico sticking with 2014 growth forecast of 2.7 percent: finance minister

NEW YORK (Reuters) – Mexican Finance Minister Luis Videgaray on Wednesday stood by his government’s recently downgraded economic growth forecast for 2014, saying activity is picking up, aided by signs of strength in the United States.

Videgaray told Reuters the gross domestic product projection of 2.7 percent implies an accelerated growth rate for the rest of the year, following a seasonally adjusted 1.1 percent GDP figure in the first quarter.

Jun 11, 2014
Jun 10, 2014
Jun 10, 2014
Jun 10, 2014
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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