Hackers from the U.S., Russia and Ukraine hawk computer exploits for as much as $300,000 on an underground market fueled by digital currencies like Bitcoin, a report by RAND Corp. and Juniper Networks Inc. shows.
The Bitcoin Foundation appointed Jim Harper, a former lobbyist for EBay Inc.’s PayPal service, to be global policy counsel as the group seeks to persuade governments to let people use the virtual currency.
Aurelius Capital Management LP, the distressed-debt investor that has battled the government of Argentina and some of Wall Street’s biggest buyout firms, is drawing support for its claims that a mobile-phone carrier in Latin America effectively subordinated some of its obligations.
Interest rates topping 11 percent and collateral made up of aging vessels including a pair of almost 30-year-old tug boats helped lure investors to Oceanografia SA’s sale of $335 million of bonds in 2008.
Vitro SAB’s defaulted bonds are rallying to a two-month high, a sign to JPMorgan Chase & Co. and BCP Securities LLC to sell the securities because the price overvalues the Mexican glassmaker’s latest debt-restructuring offer by almost 50 percent.
YPF SA, Argentina’s biggest oil producer by market value, plans to return to global markets for the first time in 12 years with the sale of up to $600 million of bonds as the company aims to expand at home and abroad.
Vitro SAB’s defaulted bonds have climbed to a 23-month high on speculation Mexico’s biggest glassmaker will sweeten an offer to restructure $1.2 billion in debt that was rejected by creditors last month.
Borrowing costs at billionaire Eduardo Eurnekian’s airport in Buenos Aires are surging by the most in eight months versus Argentine corporate issuers as the nation’s move to seize one of its hangars deepens concern the government wants to extend its control over the industry.