Economia de Puerto Rico

1,421 Flips | 2 Magazines | 17 Likes | 21 Following | 136 Followers | @PREconomy | Culled articles dealing with today's issues affecting the Island. Flipping or Posting does not mean I endorse the opinion nor expresses my opinion.

An assumed ‘Treasury put’ may have doomed Puerto Rico bond investors

For years, bond investors snatched up debt issued by the Puerto Rican government, even as the island’s economic and fiscal situation deteriorated. …

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How a Judge's opinion shakes up Puerto Rico's debt restructuring

Congress may be come under pressure to revise or repeal the Puerto Rico Oversight, Management, and Economic Stability Act, after a federal Judge …

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Why didn’t investors demand higher yields for buying Puerto Rican government bonds?

By Joseph Figueroa, David WesselFor years, Puerto Rico’s economic and fiscal picture was deteriorating. Between 2005 and 2013, real GDP declined by …

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Puerto Rico's Sales-Tax Bonds Soar on Optimism About Deal

Puerto Rico sales-tax-backed bonds rallied after a tentative agreement struck in the island’s bankruptcy promised to steer a large share of that …

In loosening bank regulation, GOP House closes a loophole linked to Puerto Rico's financial crisis

U.S. lawmakers closed a long-standing legal loophole that helped spark a financial crisis in Puerto Rico that has decimated the savings of thousands …

Puerto Rico Update - Bond Insurers Leading A Divided Charge

Another courtroom battle is shaping up between holders of the Puerto Rico Sales Tax Corp (COFINA) bonds and Puerto Rico general obligation bonds. At stake are who has the first claim on the sales tax revenue, one of the few reliable revenue sources dedicated to bond service. The issue arises …

Puerto Rico bondholders may have to wait two more years

Nearly two years after passage of the Puerto Rico Oversight, Management, and Economic Stability Act, bondholders may face two or more additional …

Congress Ends Puerto Rican Banking Loophole

Congress voted yesterday to require banks selling mutual funds in Puerto Rico to comply with key investor protections afforded to Americans on the …

Congress was just handed a blueprint for solving Puerto Rico’s debt crisis

A recent report concludes that the factors that contributed to Puerto Rico’s debt crisis were inadequate management and oversight practices by the …

Why a court's Puerto Rico decision could cost issuers billions?

WASHINGTON – Municipal Analysts are asking a federal appellate court to overturn a district court decision on Puerto Rico that they feel could cause …

Warring Puerto Rico bondholders pitch a deal that could resolve a big dispute in the island's debt restructuring

Warring creditor groups in Puerto Rico's ongoing debt restructuring have reached an agreement that could resolve one of the most contentious disputes …

Puerto Rico Bonds Rally as Rival Creditors Float Settlement

Puerto Rico bonds rallied after a group of investment firms and insurers reached agreement on a restructuring plan that would allow them to receive …

Bill for PREPA´s privatization on its way to Senate

<b>Ramón Rosario Cortés</b>, Secretary of Public Affairs of La Fortaleza, said he does not foresee setbacks for the Legislature to approve PREPA´s …

Cofina y Obligaciones Generales alcanzan acuerdo inicial para reestructurar la deuda

En la primera señal de que el proceso de mediación encomendado por la jueza <b>Laura Taylor Swain</b> para renegociar la deuda de Puerto Rico comienza a …

The deal that Puerto Rico didn’t ask for and didn’t want

PAINFUL TRUTHS SOMETIMES become so obvious that they must be faced. Let’s finally be honest. Even though I forced you to marry me, I never loved you …

US releases Puerto Rico debt crisis report, offers solutions

Interest Successfully Added We'll notify you here with news about <br>AlertTag Turn on desktop notifications for breaking stories about interest?<p>Off …

Judge dismisses Puerto Rico fiscal board request to have lawsuit dismissed over document privilege

Says Congress could have added language preempting Puerto Rico law on disclosure, but didn't

Top Republican Plans to Use Fossil Fuels to Make Puerto Rico “the Energy Hub of the Entire Caribbean”

Puerto Rico could become “the energy hub of the entire Caribbean area” under a vision laid out by Rob Bishop, the chairman of the House Natural …

Puerto Rico Enters a New Age of Austerity

Protests against a new fiscal plan highlight just how turbulent the island’s political and economic circumstances have become.<p>Across the globe, strikes and protests are regular features of each May Day, which marks International Workers’ Day. Sometimes, these protests function as pressure valves, …

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How Donald Trump is benefiting from Puerto Rico's pain and the decimation of its population

There are the usual parking options at the international airport in San Juan, Puerto Rico. But as you leave the arrivals terminal today you’ll see a …

Fight with US over funding is threatening bankrupt Puerto Rico’s recovery effort

<b>Ditching diesel</b><p>Rivera Marín said the Puerto Rico government was working on ways to avoid the same thing happening in future storms.<p>It has changed the …

Some of Puerto Rico’s bondholders will be crushed | Financial Times

Puerto Rico bonds are the most rewarding bond speculation of the year so far . . . as well as being part of one of the weirdest spectacles in the …

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Can Puerto Rico Recover From Maria Before the Next Storm Hits?

With hurricane season again approaching, the island’s health-care infrastructure remains brittle.<p>Puerto Rico still doesn’t know how many people died from Hurricane Maria. The official death toll of people drowned in floods, killed by landslides, caught in collapsed houses, or who perished from …

Einhorn thinks Puerto Rican debt will cause insurer to sink

David Einhorn is betting big that Puerto Rican debt will cause bond-insurer Assured Guaranty to crumble.<p>“You can’t get blood from a stone, Puerto …

Puerto Rico's governor courts new investors to rebuild the power grid despite defaulting on past promises

Puerto Rico Gov. Ricardo Rossello wants to turn the devastation left by Hurricane Maria seven months ago into an opportunity for residents of the …

Exodus of Banks Is Threatening to Isolate Puerto Rico Even More

Even banks are joining the Puerto Rico exodus, and their flight could leave the island’s financial system increasingly isolated.<p>Not only did the …

The Oversight Board’s Latest Fiscal Plan for Puerto Rico is Still Too Optimistic

The power is off in Puerto Rico, again. It may not be restored for a day or two.<p>Puerto Rico obviously has yet to fully recover from Maria’s …

Puerto Rico board approves fiscal plan as governor vows defiance

NEW YORK (Reuters) - Puerto Rico's federal oversight board on Thursday approved a fiscal turnaround plan that includes pension cuts and labor reforms that Governor Ricardo Rossello has vowed to defy, portending the latest potential court battle over the bankrupt U.S. territory's future.<p>At a hearing …

Pimco, Long Shy of Puerto Rico, Bought In. Then the Bonds Soared

Pacific Investment Management Co. made a well-timed bet on Puerto Rico bonds.<p>The firm scooped up the bankrupt island’s debt after prices tumbled amid …

No Taxpayer Bailout for Puerto Rico's Creditors

The island government's rosy fiscal scenarios threaten its economic future.<p>Puerto Rico bonds have been the best-performing fixed income investment thus far in 2018. Following the devastation of last year’s Hurricanes Maria and Irma, and the expected migration to the mainland of more than 10 percent …