Puerto Rico

IN THE decade since hedge fund billionaire John Paulson took a grand gamble on Puerto Rico, he has faced the wrath of the markets and mother nature.

PUERTO Rico’s bankrupt power utility has reached a deal with BlackRock Financial Management and Nuveen Asset Management to slash its debt load by about 75 per cent, even as other creditors have said t...

WASHINGTON, DC – Puerto Rico is part of the United States, but it is not a state. It is a territory (and a commonwealth) with its own constitution, approved by the US Congress. The island is subject t...

[BENGALURU] Puerto Rico would shed about US$24 billion of debt and move closer to exiting bankruptcy under an agreement with bondholders announced on Sunday by the US commonwealth's federally-created ...

[SAN JUAN] Puerto Rico's power utility struck a deal with a group of creditors that seeks to allow the bankrupt US commonwealth to restructure more than US$8 billion of bonds, according to an announce...

[NEW YORK] Solar panels. Batteries. Emergency fossil fuel-fired generators. They've all been deployed across Puerto Rico to help get the lights back on in the months following devastating hurricanes I...

[WASHINGTON] President Donald Trump on Thursday agreed to expand the use of disaster aid to rebuild Puerto Rico's power grid and other infrastructure wrecked by Hurricane Maria, a senior White House o...

ESTIMATES of the collective damage caused by Hurricanes Harvey, Irma and Maria are staggering. Together, Harvey and Irma could cost the US government US$200 billion. Maria's costs could add up to US$4...

[WILMINGTON, Delaware] After President Donald Trump said Puerto Rico's debt will be wiped out, White House officials rushed to rule out any US bailout of bondholders, who lent the commonwealth about U...