News of bloomberg

Kicillof, bondholders’ old foe, plays default hardball

30-03-2021 11:27 Axel Kicillof relished clashing with foreign investors when serving as economy minister. Today, as governor of Buenos Aires Province, he's again locked in a bruising battle with financiers in New York and London.

World's first wind tax leaves green developers scratching heads

25-01-2021 07:23 Puerto Madryn wants to tax the megawatts of energy sold by wind farms, drawning scorn from clean-energy companies, who say the move threatens climate-change goals.

Argentina bond rout blows up the template for debt restructuring

19-10-2020 20:40 Investors are giving up on Argentina, just six weeks after the government pulled off a US$65-billion restructuring.

Argentina yield curve inverts as forex controls spook investors

23-09-2020 16:36 Less than a month after Argentina’s US$65-billion debt restructuring, bond prices show growing concern the government may struggle to pay its obligations.

Boris Johnson’s move to break international law sparks outrage

08-09-2020 19:16 British Prime Minister Boris Johnson’s threat to break international law over Brexit was slammed by members of his own party on Tuesday, who warned it will damage the UK's global standing.

For Argentina, reaching a debt deal was the easy part

10-08-2020 15:50 Many analysts foresee the IMF agreeing to reschedule the loan to its biggest debtor. Nonetheless, the Fund’s imprimatur will come with conditions.

by Mac Margolis

World drinks less coffee while office workers stay home

13-07-2020 12:52 Global coffee consumption is set to fall this year for the first time since 2011. In a work-from-home world, hitting the local cafe for a daily caffeine fix has become a ritual of the now-forgotten past.

IMF builds a US$107 billion safety net under key Latin Economies

19-06-2020 19:34 After markets suffered a free-fall in the first quarter, Chile and Peru rushed to join Mexico and Colombia as the only nations in the world with access to the Fund’s Flexible Credit Line, or FCL.

Greenback dealers on motorbikes deliver a cash lifeline in Argentina

28-04-2020 23:41 After decades of defaults, currency crises, high inflation and volatile politics, men yelling “exchange! exchange!” in downtown Buenos Aires became part of the city’s fabric. Amid the coronavirus pandemic, though, no-one is selling on the streets. Instead they’re delivering to customers’ homes.

Hedge funds join forces to prepare for Argentina debt talks

14-02-2020 19:06 Monarch Alternative Capital LP is spearheading a group of hedge funds organising ahead of debt restructuring talks with Argentina, according to Bloomberg.