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Puerto Rico

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  • Should Puerto Rico be allowed to borrow? Friday, 24 Jan 2014 | 7:44 AM ET
    Should Puerto Rico be allowed to borrow?

    Puerto Rico is under pressure from ratings agencies to prove they can borrow money or face a downgrade, reports CNBC's Michelle Caruso-Cabrera.

  • White House: No bailout for Puerto Rico Wednesday, 22 Jan 2014 | 5:06 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    The White House is not considering a financial bailout for Puerto Rico, an Obama administration official says.

  • Massive muni market faces PR default Friday, 17 Jan 2014 | 3:14 PM ET
    Massive muni market faces PR default

    Larry McDonald, Newedge USA senior director, and Dan Loughran, Oppenheimer Funds, discuss the threat Puerto Rico poses to the $4 trillion U.S. muni bond market. CNBC's Michelle Caruso-Cabrera provides insight.

  • Puerto Rico: Sand, rum and some risky bond income Wednesday, 6 Nov 2013 | 8:00 AM ET
    An abandoned building in the Isla Verde area of San Juan, Puerto Rico.

    Puerto Rico's territory is small, but its municipal bond market impact could be huge as it faces a potential default.

  • Puerto Rico's debt crisis hits muni bond funds Tuesday, 29 Oct 2013 | 10:38 AM ET
    Puerto Rico's debt crisis hits muni bond funds

    The willingness of Puerto Rico to pay is very strong, says Daniel Loughran, Oppenheimer Funds, explaining why he is still bullish on the country's muni bonds despite its "structural budget deficits."

  • Puerto Rico to investors: Your money is safe Thursday, 24 Oct 2013 | 12:56 PM ET
    Puerto Rico Gov. Alejandro Garcia Padilla

    Puerto Rico, heavily indebted and looking to borrow more money to cover its bills, is taking steps to calm wary investors.

  • Inside Puerto Rico's looming debt threat Tuesday, 15 Oct 2013 | 4:07 PM ET
    File Photo: Resident Commissioner Pedro Pierluisi (C) of Puerto Rico speaks alongside U.S. Rep. Jose Serrano (R), Democrat of New York, and Puerto Rican activists.

    Puerto Rican government representatives held a presentation for investors, as the commonwealth tries to calm them about its debt load.

  • Puerto Rico government addressing debt concerns Tuesday, 15 Oct 2013 | 2:16 PM ET
    Puerto Rico government addressing debt concerns

    Puerto Rico has $70 billion in debt. CNBC's Michelle Caruso-Cabrera reports Puerto Rico officials are making a presentation to assuage investor concerns.

  • No way to hedge against these two risks: Kyle Bass Wednesday, 9 Oct 2013 | 10:59 AM ET
    Kyle Bass, founder of Hayman Capital.

    If the US defaults on its debt, there's nothing much you can do to hedge against it, says Kyle Bass of Hayman Capital Management.

  • Bass: Can't hedge from default Wednesday, 9 Oct 2013 | 10:40 AM ET
    Bass: Can't hedge from default

    Kyle Bass of Hayman Capital Management does not believe the country will default but says there's nothing you can do to protect yourself if it does.

  • Puerto Rico debt hammered Tuesday, 8 Oct 2013 | 5:40 PM ET
    Puerto Rico debt hammered

    Puerto Rico has a lot of debt, considering its size, reports CNBC's Michelle Caruso-Cabrera. The country has over $70 billion in debt.

  • Distressed investors sniffing Puerto Rico: Pro Tuesday, 8 Oct 2013 | 5:40 PM ET
    Distressed investors sniffing Puerto Rico: Pro

    How can Puerto Rico fix its debt problem? Distressed investors are definitely sniffing around, explains Alexandra Lebenthal of Lebenthal & Co., weighs in.

  • Puerto Rico's debt & impact to munis Tuesday, 8 Oct 2013 | 5:40 PM ET
    Puerto Rico's debt & impact to munis

    Puerto Rico has over $70 billion in debt. What is the impact to muni-bonds? Alexandra Lebenthal of Lebenthal & Co., weighs in.

  • Puerto Rico saddled with over $70 billion in debt Tuesday, 8 Oct 2013 | 10:40 AM ET
    Puerto Rico saddled with over $70 billion in debt

    The island country has more than 600 muni bonds outstanding and within the next year $2.8 billion is due, reports CNBC's Michele Caruso-Cabrera.

  • Are muni bonds a risky bet? Tuesday, 17 Sep 2013 | 1:35 PM ET
    Are muni bonds a risky bet?

    Puerto Rico's weak economy and heavy debt load have made its bonds a risky bet for most investors. Barron's recent cover story singled out Oppenheimer's aggressive $6.5 billion bet on the country. Troy Willis, OppenheimerFunds, and John Lofreddo, MainStay High Yield Municipal Bond Fund, debate the move.

  • Burger King Debunks Hands-Free Whopper Holder Monday, 3 Jun 2013 | 4:07 PM ET
    Burger King's hands-free Whopper holder.

    Multitaskers will be sad to learn the hands-free Whopper holder is not real. Burger King says the viral video is no more than an advertising campaign.

  • MEXICO CITY, Nov 6- Carlos Slim's America Movil, the top cellphone company in Latin America, will not pursue an additional seat on Telekom Austria's board for now, Chief Executive Daniel Hajj said on Tuesday.

  • Puerto Rico begins building large solar park Friday, 2 Nov 2012 | 7:03 PM ET

    SAN JUAN, Puerto Rico-- Construction has started in Puerto Rico on what will soon be the Caribbean's largest solar energy park. The $265 million project is being built in southern Puerto Rico and is expected to generate enough electricity to power more than 13,000 homes in the U.S. territory.

  • UPDATE 2-Penske profit beats but stock falls Friday, 2 Nov 2012 | 2:40 PM ET

    Nov 2- Penske Automotive Group Inc, the No. 2 U.S. car dealership group, posted a stronger-than-expected quarterly profit on Friday, but shares fell more than 2 percent as gross margins and vehicle pricing disappointed.

  • REUTERS WORLD NEWS OUTLOOK Thursday, 1 Nov 2012 | 8:30 AM ET

    BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.