Financial Times (August 1)
“Argentina’s 12-year dispute with a group of hedge funds holding out for full payment on defaulted Argentine bonds is proving to be one of the most wasteful debt restructurings in history…. Indeed the case once again illustrates the need for a better way of managing sovereign defaults.”
Tags: Argentina, Bonds, Debt restructuring, Default, Dispute, Hedge funds, Hold outs, Payment, Sovereign defaults
The Economist (June 2)
Fracking has resulted in a shale gas revolution. “At current production rates, America has over a century’s supply of gas, half of it stored in shale and other ‘unconventional’ formations. It should also spread, to China, Australia, Argentina and Europe. Global gas production could increase by 50% between 2010 and 2035, with unconventional sources supplying two-thirds of the growth.”
Fracking has resulted in a shale gas revolution. “At current production rates, America has over a century’s supply of gas, half of it stored in shale and other ‘unconventional’ formations. It should also spread, to China, Australia, Argentina and Europe. Global gas production could increase by 50% between 2010 and 2035, with unconventional sources supplying two-thirds of the growth.”
