Argentina Crisis Slaps Foreign Banks & Companies Operating in the Country by Nick Corbishley • Aug 15, 2019 • 23 Comments Peso collapse and inflation force Spanish companies and banks — second largest investors in Argentina, behind US companies — to tally their losses.
Brain-Dead Investors Get Crapped on Again by Argentina by Wolf Richter • Aug 12, 2019 • 109 Comments They had it coming.
Cesspool of Corruption Odebrecht Files for Bankruptcy, Largest Ever in Latin American History by Don Quijones • Jun 18, 2019 • 21 Comments The Brazilian conglomerate’s rot was revealed by Operation Car Wash, leading to imprisonment of political and business figures across Latin America.
“Largest Foreign Bribery Case in History” Claims New Scalp: Former Pemex CEO by Don Quijones • May 30, 2019 • 21 Comments His lawyer suggests if the price is too high, he may be willing to take his friend, former president of Mexico, down with him.
More Airline Woes: Avianca Brazil Gets Dismembered, Korea’s Asiana Airlines Gets Taxpayer Bailout, Air India Gets Rumors of Default by MC01 • May 4, 2019 • 50 Comments It Just Doesn’t Let Up With Airlines.
China, Other Emerging Asia Sink World Trade by Wolf Richter • Apr 25, 2019 • 43 Comments World trade volume falls most since Financial Crisis.
No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks by Don Quijones • Aug 31, 2018 • 69 Comments To diversify from the euro debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, six years later, they’re in a new crisis.
Seems Impossible, but Argentina’s Peso Was Able to Collapse even Further Despite $50 Billion IMF Bailout by Wolf Richter • Jun 14, 2018 • 67 Comments Why is anyone still lending this government any money?
Globalized Digital Bank Robbers Feast on Latin America by Don Quijones • Jun 12, 2018 • 23 Comments A virtual paradise for real bank heists.
Venezuela’s Oil Meltdown Defies Belief by Nick Cunningham • Jun 6, 2018 • 40 Comments Even the most pessimistic output scenarios could turn out to be too hopeful.
