By , BUENOS AIRES (Reuters) - A major Argentina creditor group said on Saturday it had been invited to sign a non-disclosure agreement by Argentina’s government, signaling that talks could be moving to the next phase after the South American country defaulted a day earlier.The Exchange Bondholder Group, which comprises 18 investment institutions and represents 15% of Argentina’s exchange bonds, said in a statement that Argentina approached its representatives and other creditor groups about signing a non-disclosure agreement “in contemplation of engaging in negotiations with the Ministry of...…By , BUENOS AIRES (Reuters) - A major Argentina creditor group said on Saturday it had been invited to sign a non-disclosure agreement by Argentina’s government, signaling that talks could be moving to the next phase after the South American country defaulted a day earlier.The Exchange Bondholder Group, which comprises 18 investment institutions and represents 15% of Argentina’s exchange bonds, said in a statement that Argentina approached its representatives and other creditor groups about signing a non-disclosure agreement “in contemplation of engaging in negotiations with the Ministry of...WW…

By , WASHINGTON/NEW YORK, April 22 (Reuters) - Colombia and other Latin American countries have a huge opportunity as U.S. companies look to reduce vulnerabilities in their supply chains laid bare by the U.S.-China trade war and the coronavirus pandemic, a senior Colombian official said on Wednesday.Colombia’s ambassador to the United States, Francisco Santos, told Reuters he was confident his country could benefit from accelerated moves by big U.S. companies to move some supply chains out of China and bring them closer to home.“It’s going to be a fight between China and the U.S. for...…By , WASHINGTON/NEW YORK, April 22 (Reuters) - Colombia and other Latin American countries have a huge opportunity as U.S. companies look to reduce vulnerabilities in their supply chains laid bare by the U.S.-China trade war and the coronavirus pandemic, a senior Colombian official said on Wednesday.Colombia’s ambassador to the United States, Francisco Santos, told Reuters he was confident his country could benefit from accelerated moves by big U.S. companies to move some supply chains out of China and bring them closer to home.“It’s going to be a fight between China and the U.S. for...WW…

By NEW YORK (Reuters) - Stocks rose across the globe on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.U.S. energy stocks outperformed the overall market with a 2.1% gain even as U.S. crude prices fell more than 20%.The U.S. dollar slipped as risk-prone traders cheered lockdown news even as health experts warned that not enough coronavirus testing was in place in the United States. From Italy to New Zealand, governments...…By NEW YORK (Reuters) - Stocks rose across the globe on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.U.S. energy stocks outperformed the overall market with a 2.1% gain even as U.S. crude prices fell more than 20%.The U.S. dollar slipped as risk-prone traders cheered lockdown news even as health experts warned that not enough coronavirus testing was in place in the United States. From Italy to New Zealand, governments...WW…

By NEW YORK (Reuters) - An index of stocks across the world dipped on Friday but still posted its strongest weekly gain in five, while benchmark U.S. Treasury yields climbed to 13-month highs, partly on optimism after a $1.9 trillion recovery package was signed into law.On Wall Street, the S&P 500 drifted higher to end up 0.1% on the day and 2.6% for the week, its strongest weekly showing since early February. The Nasdaq underperformed as the rotation from growth to value continued. The Dow Industrials hit an intraday record high every day this week.The Friday spike in Treasury yields...…By NEW YORK (Reuters) - An index of stocks across the world dipped on Friday but still posted its strongest weekly gain in five, while benchmark U.S. Treasury yields climbed to 13-month highs, partly on optimism after a $1.9 trillion recovery package was signed into law.On Wall Street, the S&P 500 drifted higher to end up 0.1% on the day and 2.6% for the week, its strongest weekly showing since early February. The Nasdaq underperformed as the rotation from growth to value continued. The Dow Industrials hit an intraday record high every day this week.The Friday spike in Treasury yields...WW…

By NEW YORK (Reuters) - Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the U.S. dollar rose on safe-haven demand.Crude prices fell almost 5% and gold was under pressure from the rising dollar.On Wall Street, the energy and technology sectors of the S&P 500 were among the hardest hit.“Whether you call it a continuation of the pandemic or a third wave of new case discovery - it is the largest concern,” said Art Hogan, chief market strategist at National Securities...…By NEW YORK (Reuters) - Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the U.S. dollar rose on safe-haven demand.Crude prices fell almost 5% and gold was under pressure from the rising dollar.On Wall Street, the energy and technology sectors of the S&P 500 were among the hardest hit.“Whether you call it a continuation of the pandemic or a third wave of new case discovery - it is the largest concern,” said Art Hogan, chief market strategist at National Securities...WW…

By NEW YORK (Reuters) - Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.Technology stocks fell after a run of recent gains, while crude oil prices jumped.Industrial output in China is returning to levels recorded before the coronavirus pandemic halted huge swathes of the economy, driven by pent-up demand, government stimulus and surprisingly resilient exports.Tension between the United States and China ahead of scheduled trade...…By NEW YORK (Reuters) - Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.Technology stocks fell after a run of recent gains, while crude oil prices jumped.Industrial output in China is returning to levels recorded before the coronavirus pandemic halted huge swathes of the economy, driven by pent-up demand, government stimulus and surprisingly resilient exports.Tension between the United States and China ahead of scheduled trade...WW…

By NEW YORK (Reuters) - Global debt is expected to soar to a record $277 trillion by the end of the year as governments and companies continue to spend in response to the COVID-19 pandemic, the Institute of International Finance said in a report on Wednesday.The IIF, whose members include over 400 banks and financial institutions across the globe, said debt ballooned already by $15 trillion this year to $272 trillion through September. Governments - mostly from developed markets - accounted for nearly half of the increase.Developed markets’ overall debt jumped to 432% of GDP in the third...…By NEW YORK (Reuters) - Global debt is expected to soar to a record $277 trillion by the end of the year as governments and companies continue to spend in response to the COVID-19 pandemic, the Institute of International Finance said in a report on Wednesday.The IIF, whose members include over 400 banks and financial institutions across the globe, said debt ballooned already by $15 trillion this year to $272 trillion through September. Governments - mostly from developed markets - accounted for nearly half of the increase.Developed markets’ overall debt jumped to 432% of GDP in the third...WW…

By NEW YORK (Reuters) - Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday’s U.S. presidential election.Global coronavirus cases rose by over 500,000 for the first time this week, with France and Germany preparing fresh lockdowns while a record surge of U.S. cases is pushing hospitals to the brink of capacity and killing up to 1,000 people a day.Underwhelming outlooks and results from some of Wall Street’s largest companies, including Apple...…By NEW YORK (Reuters) - Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday’s U.S. presidential election.Global coronavirus cases rose by over 500,000 for the first time this week, with France and Germany preparing fresh lockdowns while a record surge of U.S. cases is pushing hospitals to the brink of capacity and killing up to 1,000 people a day.Underwhelming outlooks and results from some of Wall Street’s largest companies, including Apple...WW…

By NEW YORK (Reuters) - The International Monetary Fund is concerned that social unrest will make a comeback in “lots of countries” across Latin America once the COVID-19 pandemic recedes, a top IMF official said on Thursday.Economies across Latin America and the Caribbean are forecast to contract as a group by 8.1% this year, with an uneven 2021 bounce at just 3.6%, and most countries are not seen returning to pre-COVID output levels until 2023, the Fund said earlier on Thursday.“Some of the determinants of social unease are going to worsen and that generates our concern for the region,...…By NEW YORK (Reuters) - The International Monetary Fund is concerned that social unrest will make a comeback in “lots of countries” across Latin America once the COVID-19 pandemic recedes, a top IMF official said on Thursday.Economies across Latin America and the Caribbean are forecast to contract as a group by 8.1% this year, with an uneven 2021 bounce at just 3.6%, and most countries are not seen returning to pre-COVID output levels until 2023, the Fund said earlier on Thursday.“Some of the determinants of social unease are going to worsen and that generates our concern for the region,...WW…