Tiago Severo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ecuador Bonds Rally as Millionaire Banker Wins Presidency Bloomberg 17 mins ago Stephan Kueffner and Sydney Maki (Bloomberg) -- Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, calming investors who thought his opponent was likely to lead the default-prone country into insolvency once again. Lasso beat out economist Andres Arauz, a left-wing protege of former President Rafael Correa, by a solid margin in Sunday’s runoff vote. Arauz, who conceded defeat, won February’s first round by 13 percentage poi...

Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, reassuring investors in the default-prone country and shoring up U.S. ties.

(Bloomberg) --Career banker Guillermo Lasso won Ecuador’s presidential election after a late surge in support, reassuring bondholders in the default-prone country and shoring up U.S. ties.

Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, calming investors who thought his opponent was likely to lead the default-prone country into insolvency once again.

Ecuador Bonds Plunge as Pro-IMF Candidate Lags in Vote Count Bloomberg 8/02/2021 Stephan Kueffner, Ben Bartenstein and Sydney Maki (Bloomberg) -- Ecuador’s dollar bonds slumped after investors’ preferred candidate unexpectedly trailed two rivals in Sunday’s presidential election. The nation’s recently restructured bonds due in 2030, 2035 and 2040 headed for their worst day since last year’s debt exchange. Andres Arauz, a socialist economist who rejects fiscal austerity demanded by the International Monetary Fund, won the first round. He’ll face either Yaku Perez,...