In years gone when a country defaulted the U.S. Navy might have shown up demanding gold but nowadays it is epic legal battles.  The world would be a much better place if Argentina were more like Detroit. Messed up as the Motor City’s finances may be, at least the city is covered by US bankruptcy law, under which Read more [...]

By Bart Van Der Made on 20 June 2014 Emerging markets expert Bart van der Made assesses the fallout of the latest chapter from the Argentinian holdouts dispute. Here the Neuberger Berman manager outlines the negative implications of the ruling. The US Supreme Court’s rejection of Argentina’s “pari passu” appeal in Read more [...]

By Rex Gowar CUIABA Brazil (Reuters) - For Bosnia, a victory at the World Cup finals would be another first with African champions Nigeria in their sights at the Pantanal arena in Group F on Saturday. One of the many splinter nations of the former Yugoslavia, who were a soccer power in their day, they may be newcomers on the sport’s biggest stage but naivete is not a part of their makeup. Coach Safet Susic, a former Yugoslavia playmaker, is targeting a place in the Read more [...]