Latin America

Labor Laws Stoke Economic Turmoil in Venezuela

As Venezuela grapples with economic turmoil and widespread protests, a law that effectively prohibits companies from firing workers continues to limit the country’s economic competitiveness.

Looking for Yield and a Play on Oil?

Aggressive investors looking for yield might want to consider Venezuelan dollar denominated bonds. But this is not for the faint of heart.

U.S. Judge Schedules Hearing Thursday in Argentina Debt Dispute

The U.S. judge overseeing the long-running litigation over Argentina bonds has scheduled a hearing for 3 p.m. EDT (1900 GMT) in New York, after Argentine officials announced plans to skirt his court rulings that pushed the country into default.

Puerto Rico Governor Says Island Can't Pay its Public Debt

The governor warned that Puerto Rico can't pay its $72 billion public debt on the eve of a private Monday meeting with legislators, delivering another jolt to the recession-gripped U.S. island as well as a world financial system already worrying over Greece's collapsing finances.