News of wall street

Wall Street down more than 5% as stakes rise in coronavirus pandemic

11-03-2020 16:20 As Covid-19 officially became designated as a global pandemic, stocks once again saw a sharp decline, with the Dow Jones Industrial Average down another 1,400 points.

DEBT RESTRUCTURING

Mission: impossible (to pay debt)

15-02-2020 11:09 The government’s biggest challenge is to buy time without defaulting on its humongous debt. Will the private bondholders get the message? Will the hedge funds oblige and yield?

by Martín Gambarotta

BLOOMBERG

Robot analysts outwit humans on investment picks, study shows

12-02-2020 07:00 Empirical data demonstrates that machines and algorithms are more efficient than human decisions in terms of investment selections. The situation submerges Wall Street under robot supremacy debate.

BLOOMBERG

Wall Street sceptical Argentina can meet March 31 debt deadline

30-01-2020 22:21 President Alberto Fernández’s March 31 deadline to wrap up talks with bondholders is increasingly looking like a long shot, according to Wall Street experts

BLOOMBERG

Ex-BNP Paribas banker is potential bridge between Argentina, creditors

31-10-2019 15:13 Bondholders turn to Marcelo Delmar, the former head of Latin American debt capital markets at BNP Paribas SA, for guidance as they gear up for restructuring talks with President-elect Alberto Fernández’s government.

ELECTION 2019

Fernández eyeing immediate meeting with Wall St bankers, US government if elected

26-08-2019 15:54 Presidential front-runner's economic team reveals Frente de Todos leader would quickly head to the United States to reassure markets, should he win election in October.

PASO FALL-OUT

Argentina assets extend slump as election-fuelled rout deepens

13-08-2019 18:48 One day after the so-called 'Black Monday,' Argentine assets continue to decline. Stocks were the one bright spot, rebounding eight percent.