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.
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.
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.
The International Monetary Fund’s historic rebuke of Argentina is likely to cement its outcast status among global investors while failing to persuade the government to boost the credibility of its economic data.
Mexican President Felipe Calderon called on political leaders, businesses and the media to unite in the fight against organized crime, the nation’s “biggest” challenge, a day after a gubernatorial candidate was shot dead.