Revelia News
Moody’s labels Argentina’s debt buyback “a default”For the credit ratings agency, the US$1 billion operation will not boost investor sentiment and will pressure the country’s tight external finances.
Credit ratings agency Moody’s reported that Argentina’s US$1 billion sovereign debt buyback announced...
Argentina and Brazil propose a bizarre common currencyWhat are they thinking?
Argentina is runningout of vaults. With annual inflation nearing 100%, as the central bank prints bills to cover the government’s fiscal deficit, local banks are making space for ballooning stocks of pesos. Officials have tightened ...
Brazil's Petrobras cancels sale of fertilizer plantSAO PAULO -Brazilian state-run oil firm PetrobrasPETR4.SAhasscrapped plans to sell its UFN-III fertilizer plant, the company said in a securities filing on Tuesday.
Petrobras had been for some time trying to sell the plant, which had its construction halted before ...
Why this single currency plan is wishful thinking A weekend announcement that Brazil and Argentina are not just seriously contemplating a common currency but starting preparatory work on one raised eyebrows and provoked more than a few guffaws around the world.
In a guest column in an Argentinean newspaper by Brazil’s Lula Inacio da Silva ...
How Latin American can navigate global risks and emerge stronger- Latin America is not immune to the compounded crises impacting the world but some favourable conditions offer hopeful prospects for the region.
- Davos 2023 will see political leaders and citizens from Latin America delve into the political and socioeconomic conditions that dog the region and...
Latin America, Caribbean call for more international funding at CELAC summitBUENOS AIRES - Countries from Latin America and the Caribbean on Tuesday called for more international funding in the region following economic and climate crises, in a final declaration after a summit held in the Argentine capital of Buenos Aires.
"We stressed the need for inte...
IMF visit in focus after El Salvador bond paymentNEW YORK - El Salvador cleared a $600 million bond payment hurdle this week but lingering concerns over its financing sources and fiscal policy will be in focus as the country prepares for an annual visit from the International Monetary Fund.
Investors wi...
Overflowing Hydro Dams Offer Brazil Relief in Sharp TurnaroundBrazil’s two biggest hydroelectric dams are so flush with water that they have opened floodgates in a reversal of fortunes that will curb natural gas demand in Latin America’s largest economy.
It’s a stark contrast from two years ago, w...
Brazil and Argentina's Make-Believe Money Is Either Dangerous or IrrelevantWhen the presidents of Brazil and Argentina announced at a regional summit in Buenos Aires that they would start planning for a common currency, you could almost hear the chortling from lower Manhattan to the Washington headquarters of the International Monetary Fund.
“It&rsquo...
Latin America Is Now China's 'Backyard' | OpinionThe People's Republic of China is moving into Latin America in force.
Excluding Mexico, China is the region's largest trade partner. In 1981, Cuba was the only Latin American country trading more with China than the U.S.
China's two-way trade with the region was $12 billion in 2000, the year b...
