Venezuela’s Inflation Nightmare Signals Default May Come Sooner

Venezuela is about to earn another ignominious distinction. Long home to the world’s highest inflation rate, the country now is set to become the site of the 57th hyperinflation event in modern recorded history, says Steve Hanke, professor of applied economics at Johns Hopkins University.

Argentina fears new crisis as vultures circle after US supreme court ruling

Argentinians, battered by decades of apparently cyclical economic crises, fear a new one following a US supreme court ruling this week that could make the country liable for up to $15bn (£11bn) owed to so-called "vulture funds".

Argentina Creditors Say Memo Shows Plan to Defy Courts

A lawyer for holders of defaulted Argentine bonds told a judge that a leaked legal memo may be “the smoking gun” showing the South American nation plans to defy U.S. courts and default again if the Supreme Court doesn’t review its case.

Peru’s Rating Outlook Raised by S&P as Mining Boosts Growth

The outlook on Peru’s debt rating was raised to positive from stable by Standard & Poor’s as investment in mining, energy and infrastructure bolsters the Andean nation’s prospects for economic and export growth.