Jamaica may need to restructure its debt again to avoid default, Barclays Capital said.
Venezuelan state-oil company bonds tumbled after President Hugo Chavez won re-election by more than 10 percentage points in a vote that some polls had showed was too close to call.
Venezuela’s central bank will publish a daily bolivar trading band to allow banks to participate in the currency market after suspending unregulated transactions.
Venezuela President Nicolas Maduro appointed the third central bank president this year as Latin America’s biggest oil exporter seeks to rein in the fastest inflation among the world’s major economies.
"The probability of default being priced by the market is higher than we're estimating."
- Alejandro Grisanti on Dec 17, 2014