Argentina said on Tuesday it had stripped Bank of New York Mellon’s authorization to operate in the South American country, its latest move against the financial institution which blocked an Argentine government debt payment on the orders of a U.S. court. BNY Mellon, a financial intermediary between the Argentine government and its bondholders, has been… Continue reading VIDEO: Argentina Revokes Bank Of New York Mellon’s Authorization To Operate
Tag: UN Court
VIDEO: Eike Batista Says Failed Co Debt Will Take 25 Years To Pay Back
Brazil’s fallen billionaire Eike Batista finally presented to the court his plan to revive at least on of his failed companies, this one a merchant marine builder known as OSX. Batista fell from grace last year, when his family of mostly commodity and logistics firms lost nearly all of their share value and filed for… Continue reading VIDEO: Eike Batista Says Failed Co Debt Will Take 25 Years To Pay Back