Siobhan Morden

Venezuelan Bonds Fall as Inflation Concern Mounts: Caracas Mover

Venezuelan bonds fell, pushing yields to a three-week high, after data showing the fastest inflation in three years highlighted concerns about economic stability.

Mexico Likely to Keep 4% Rate on Expectations Inflation to Slow

Mexico’s central bank will probably keep borrowing costs at a record low after policy makers said they expect inflation to start slowing back to their target range following a brief surge.

Post-Chavez Power Struggle Lifts Ally’s Bonds: Argentina Credit

The political turmoil in Venezuela that erupted in electing Hugo Chavez’s successor is causing emerging-market debt investors to flood into Argentina, chopping its relative cost of borrowing by the most in four years.

MFS Losing Faith in Argentina as Default Vultures Circle

MFS Investment Management, manager of the oldest U.S. mutual fund and an ally of the Argentine government in its legal fight against disgruntled creditors, is reducing holdings of the South American nation’s debt.

Chavez’s Political Agenda Seen Delaying Venezuela Devaluation

Venezuelan President Hugo Chavez’s political agenda could delay a currency devaluation expected by investors to at least early next year as the government tries to consolidate power in regional elections in December.

Chavez Risks Backlash After Venezuela Devalues Bolivar 32%

Venezuela devalued its currency for the fifth time in nine years, a move that may undermine support for ailing President Hugo Chavez and his allies ahead of possible elections later this year.

Chavez Devaluation Puts Venezuelans to Queue on Price Raise

Venezuelans lined up to purchase airline tickets and TVs this weekend in a bid to protect themselves from price increases after ailing President Hugo Chavez devalued the bolivar for a fifth time in nine years.

Singer Piling Up Legal Victories Sinks Bonds: Argentina Credit

Argentina’s dollar bonds are extending the steepest losses in emerging markets after a U.S. appeals court rejected a request to rehear a case against holders of defaulted debt, increasing the likelihood the government will lose the battle.

Chilean Traders Step Up Bets on First Interest-Rate Increase Since 2008

Chilean interest-rate swap rates rose to the highest level in more than a year as traders increased bets that the central bank will raise borrowing costs tomorrow for the first time since September 2008

Venezuela to Auction Dollars to Fight Black Market Rate

Venezuela will start auctioning dollars to importers, especially of medicine, food and industrial equipment, to arrest the bolivar’s decline in the black market and ease inflation.

"The data yesterday was quite weak with the inflation and scarcity spike."

- Siobhan Morden on May 10, 2013

New York

Venezuela

Latin America

Jorge Giordani

U.S. Stocks Advance on Leading Indicators, Sentiment Data

U.S. Stocks, Dollar Rise as Data Fuel Economic Confidence

Gold Heads for Longest Slump in Four Years on Fed, Dollar

‘Star Trek’ $112 Million Open to Put Summer in Warp Drive

Banker in Jail Suggests Spain Is Calling Lenders to Account