Puerto Rico / 4 posts found
Trumps Puerto Rico Comments Rocked These Markets
Puerto Rico’s debt crisis re-emerged with a bang on Wall Street Wednesday. Shares of bond insurers tumbled and the price of a tranche of the island’s bonds sank to levels equal to those in Venezuela after U.S. President Donald Trump suggested the debt may need to be “wiped clean," while bonds issued by the U.S. Virgin Islands also came under pressure. said not to take the president’s remarks "word for word." Analysts at BTIG also questioned Trump’s capacity to affect Puerto Rico’s debt restructuring, and advised clients to buy the dip in the bond insurers. Any aid provided by the […]
Caribbean neighbors Cuba and Puerto Rico wonder who really won cold war
As the communist-ruled island opens up to commercial links with Washington Puerto Ricans are struggling with an unpayable debt and tense ties to the US Two Caribbean islands are at a crossroads in their relationship with the US. One is plagued by corruption and debt, and dotted with crumbling homes, abandoned by families for the imperial power nearby. The other is Cuba. Who won the cold war again? Within 24 hours on Sunday, Puerto Ricos governor, Alejandro Garca Padilla, announced that the American territory set sail for Havana, bringing American dreams, dollars and capitalist sense into Cubas future. Once seen […]
