Emerging market chaos is now front page news. Let’s start with Argentina, where the peso has resumed its plunge: In response: “Argentina Central Bank hikes interest rate to ... Read More
Latin America is one of the regions on this planet where the financial situation grows more dire every day. This has attracted the attention of Bitcoin lending platforms, as ... Read More
Citibank said Tuesday it will exit the custody business in Argentina, following a ruling by a U.S. court preventing it from passing on interest payments from the South American ... Read More
For more than a year, Judge Thomas P. Griesa of Federal District Court in Manhattan has warned that Argentina would suffer repercussions if it defied his orders regarding payments ... Read More
Citigroup has found itself in an awkward position: It must decide between defying a New York court order or a sovereign government, a move that it says would result ... Read More
If you read the headlines, Argentina is in default (again) and its economy is tanking. But here’s the funny thing: the country’s stock market is hotter than an underground ... Read More
Bank of New York Mellon was yesterday hit by a double whammy after Argentina stripped its licence to operate in the country. And it was revealed that George Soros ... Read More
The U.S. judge in charge of Argentina’s debt default case on Wednesday ordered Bank of New York Mellon to hold on to money deposited by the government rather than ... Read More
Argentina’s markets watchdog on Monday launched an investigation into what it believes may have been unlawful speculation by holdout creditors whose litigation against the country for repayment of their ... Read More
The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve ... Read More
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