Borrowers from China to Mexico and Kenya are selling bonds abroad at an unprecedented pace, filling a $20 billion void left by issuers in Russia shut out of international capital markets since the beginning of March.
YPF SA, Argentina’s state-owned oil producer, is headed for the biggest weekly slump in five months as hedge fund manager Paul Singer’s NML Capital Ltd. expands its probe of seizeable assets in a defaulted bond dispute.
Empresas ICA SAB and Fluor Corp. are working with Mexican investigators to determine the causes of an accident that killed seven workers assembling an offshore rig for state-owned oil producer Petroleos Mexicanos.
Oil shale drillers in Texas have had to contend with environmental opposition and soaring costs. A few miles south of the border in Mexico, Angel Torrez and co- workers duck gunfire sprayed from drug traffickers.