Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)
Learn moreThe "trial of the century" in sovereign debt restructuring, in our humble opinion. The story of Argentina, its holdout creditors, the grande finale (or is it?) of their battle in US courts.
They’ve become interesting side-players in the saga principally starring Argentina — so it’s probably worth noting the latest from these two Caribbean sovereigns…
Belize has closed its restructuring with 86 per cent approval by its creditors: Read more
Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)
Learn moreThe "trial of the century" in sovereign debt restructuring, in our humble opinion. The story of Argentina, its holdout creditors, the grande finale (or is it?) of their battle in US courts.
Some excerpts from a lawsuit filed by the Export-Import Bank of China (Taipei) against Grenada in a United States district court on March 4, 2013…
If you have been following the pari passu saga on ratable payment of sovereign debt — they tell their own story. (Click to enlarge all images.) Read more
| Market | Last price | Today's change |
52 week high |
|
|---|---|---|---|---|
| FTSE 100 Index: FSI As of May 23 2013 16:35 |
6,697 | -143.48 | -2.1% | 6,876 |
| FTSEurofirst 300 Index: FSI As of May 23 2013 17:15 |
1,230 | -26.34 | -2.1% | 1,258 |
| S&P 500 INDEX: WCB As of May 23 2013 05:00 |
1,651 | -4.84 | -0.3% | 1,687 |
| Euro/US Dollar FX Spot Rate As of May 24 2013 00:09 |
1.29 | 0.00 | -0.2% | 1.37 |
| ICE Brent Crude Oil Front Month: IEU As of May 24 2013 05:30 |
102.36 | -0.08 | -0.1% | 119.17 |
| COMEX GOLD 1 FUTURES CHAIN Front Mon: CMX As of May 23 2013 23:15 |
1,392 | 0.00 | 0.00% | 1,795 |
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
1About China's capacity to absorb more capital
2Japan's mini crash: Blame China, not just Ben
3Spain's awful unemployment
4The Nikkei: a market abducted by retail
5Everlasting credit, the long view
Show more6S&P 2,100, by Goldman Sachs
7Buyback to enrich
8Measure it however you like: inflation has been low and falling
9Everyone's scared of something
10Bernanke's testimony to the Joint Economic Committee
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