Kyle Bass says there’s still money to be made lending to Argentina, a deadbeat country with few peers in history. The hedge-fund manager is the latest example of international investors pursuing riches where crises over 200 years ruined most of its citizens.
Carlos Slim ’s Mexican holdings from mining to communications helped him beat Bill Gates and Warren Buffett on the stock market for the second straight year, and gains in 2011 may widen his lead atop the global wealth list.
Former Argentine President Nestor Kirchner , who antagonized investors in the aftermath of the country’s $95 billion debt default before handing power to his wife in 2007, died of a heart attack today. He was 60.
Argentina’s seizure of oil company YPF SA is making the country an outcast at the International Monetary Fund meetings in Washington, where the Obama administration is increasingly punishing President Cristina Fernandez de Kirchner’s government for abusing foreign investors.
Since February, consumers and businesses in Argentina have found it increasingly hard to find various imported items -- electrical equipment, certain prescription drugs, machinery parts, bananas, and salmon.