Hints and tips:
...Europe's list, published this month, includes Saudi Arabia, Guam, the US Virgin Islands, American Samoa and Puerto Rico....
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...Political and financial journalists like to write about the travails of the New York tri-state area, California, and maybe Puerto Rico and Chicago....
...John Paulson, the hedge fund investor who made billions of dollars in the financial crisis, told the FT he planned to move from midtown Manhattan to the low-tax US commonwealth of Puerto Rico — and suggested...
..., duties, or restriction, shall be laid by any state on the property of the United States, or either of them....
...Whether the four named countries will deem it “affordable” is another question, particularly as the Trump administration seems reticent to fiscally support Puerto Rico after Hurricane Maria last year....
...Puerto Rico files for record US debt restructuring Puerto Ricans in overwhelming vote for island to be 51st US state Ricardo Rosselló, Puerto Rico’s young governor The bulk of the Puerto Rican population...
...Puerto Rico files for record US debt restructuring Puerto Ricans in overwhelming vote for island to be 51st US state Ricardo Rosselló, Puerto Rico’s young governor...
...(FT) The day ahead Politics, power and Puerto Rico The island of Puerto Rico, already struggling to rebuild after Hurricane Maria, is without power....
...They were created in 2006 to help Puerto Rico borrow billions more. The two account for $31bn of Puerto Rico’s $74bn of bond obligations that will fall due over the next four decades....
...The Calabasas, California-headquarter Cheesecake Factory owns and operates 193 of its eponymous restaurants across the US and Puerto Rico, as well as some licensed international outposts and a smaller number...
...The oversight board will have sign off over Puerto Rico’s budgets and can initiate a court-backed restructuring if the commonwealth cannot come to agreement with its bondholders....
...Advisors to Puerto Rico on Tuesday threw cold water on proposals that would see the US commonwealth discriminate between creditors invested in the same bonds....
...the United States to address this public health threat,” said Sylvia Burwell, the secretary of the department....
...Puerto Rico’s governor traveled to Washington this week to lobby for legislation that would give the US commonwealth more options to deal with its $70bn debt load ahead of a key deadline later this week....
...The governor of Puerto Rico has declared a moratorium on debt payments as US President Barack Obama signed into law emergency legislation that will help the struggling territory restructure its $70bn debt...
...The top US court on Monday struck down a law that would have allowed Puerto Rico’s embattled utilities to restructure about $20bn in debt, a setback for the commonwealth....
...Puerto Rico has already defaulted on a number of its debts, although it remains current on its GO bonds....
...An emergency bill that will give Puerto Rico the ability to restructure its debt passed the House of Representatives on Wednesday as the island stares down $2bn of payments in the coming weeks....
...But investors in Puerto Rico’s version of “foreign law” bonds, which are actually governed by New York law, seem to be losing the current round of the commonwealth’s debt crisis....
...The key driver of the arrivals is the economic crisis in Puerto Rico, which has lost 9 per cent of its population over the past decade....
...The Puerto Rico Oversight, Management, and Economic Stability Act cleared the lower chamber of the US Congress by a vote of 297 to 127 on Wednesday evening....
...Puerto Rico approved legislation early Wednesday that would allow the US territory to impose a moratorium on its debt obligations as the commonwealth struggles with an intensifying financial crisis....
...“The commonwealth is in crisis, and the fact is that we will only be able to address these issues by working together,” said Victor Suarez, Puerto Rico secretary of state....
...Policymakers and advisers to the commonwealth have heralded the agreement over Prepa’s debt as a model to use when negotiating restructures of other Puerto Rican entities, including the $4bn in debt issued...
International Edition