Creditor Lumina Said to Mull Selling Debt in HIG's Kora Saude
Lumina has held talks with potential buyers, the people said, asking not to be named discussing private details. The deal is dependent on Kora raising equity, which would increase the appeal for the company's local debt, one of the people said.
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Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold
In light of the United States' precarious fiscal situation, Ray Dalio, the founder of Bridgewater Associates, has advised investors to consider dedicating approximately 15% of their portfolio to either gold or Bitcoin. What Happened: In a recent interview, Dalio expressed his apprehension about a looming US debt crisis. He pointed out that the US dollar is being undermined due to excessive borrowing and deficit spending, leading to currency debasement. 'If you were neutral on everything and optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,' Dalio stated. Dalio also emphasized the need for effective diversification in a portfolio, recommending allocating about 15% as a protective hedge. During the discussion, he clarified that although he has a preference for gold over Bitcoin, the real economic issue is the devaluation of fiat money, which is currently affecting markets and investors. Also Read: Ray Dalio Shares Crucial Investment Advice for Those Who Want to Invest Well While some financial experts advocate for a higher allocation towards crypto, Dalio's balanced approach aligns with his brand. Dalio's recommendation comes at a time when the US is grappling with a burgeoning debt crisis. The rapid borrowing and deficit spending by the government are causing a devaluation of the US dollar, which is impacting markets and investors. By suggesting a 15% portfolio allocation to gold or bitcoin, Dalio is offering a potential solution for investors to safeguard their investments against the devaluation of fiat money. While some experts suggest a higher allocation to crypto, Dalio's measured approach provides a balanced perspective. It offers investors a solid foundation to profit in unexpected circumstances, thereby mitigating the risks associated with the current economic situation. Read Next Ray Dalio's Timeless Stock Market Advice: 'Don't Try to Time the Market Yourself Because You'll Probably Lose' Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNN
37 minutes ago
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Polls open in Bolivia's national elections that could end decades of socialist rule
After a lackluster campaign overshadowed by a looming economic collapse, Bolivians voted on Sunday for a new president and parliament in elections that could see a right-wing government elected for the first time in over two decades. The vote, which could spell the end of the Andean nation's long-dominant leftist party, is one of the most consequential for Bolivia in recent times - and one of the most unpredictable. In the run-up to Sunday, a remarkable 30% or so of voters remained undecided. Polls showed the two leading right-wing candidates, multimillionaire business owner Samuel Doria Medina and former President Jorge Fernando 'Tuto' Quiroga, locked in a virtual dead heat. Voting is mandatory in Bolivia, where some 7.9 million Bolivians are eligible to vote. 'I have rarely, if ever, seen a situational tinderbox with as many sparks ready to ignite,' said Daniel Lansberg-Rodriguez, founding partner of Aurora Macro Strategies, a New York-based advisory firm. A right-wing victory isn't assured. Many longtime voters for the governing Movement Toward Socialism, or MAS, party, now shattered by infighting, live in rural areas and tend to be undercounted in polling. With the nation's worst economic crisis in four decades leaving Bolivians waiting hours in fuel lines, struggling to find subsidized bread and squeezed by double-digit inflation, the opposition candidates bill the race as a chance to alter the country's destiny. 'I have rarely, if ever, seen a situational tinderbox with as many sparks ready to ignite,' said Daniel Lansberg-Rodriguez, founding partner of Aurora Macro Strategies, a New York-based advisory firm. The outcome will determine whether Bolivia — a nation of about 12 million people with the largest lithium reserves on Earth and crucial deposits of rare earth minerals — follows a growing trend in Latin America, where right-wing leaders like Argentina's libertarian Javier Milei, Ecuador's strongman Daniel Noboa and El Salvador's conservative populist Nayib Bukele have surged in popularity. A right-wing government in Bolivia could trigger a major geopolitical realignment for a country now allied with Venezuela's socialist-inspired government and world powers such as China, Russia and Iran. Doria Medina and Quiroga have praised the Trump administration and vowed to restore ties with the United States — ruptured in 2008 when charismatic, long-serving former President Evo Morales expelled the American ambassador. The front-runners also have expressed interest in doing business with Israel, which has no diplomatic relations with Bolivia, and called for foreign private companies to invest in the country and develop its rich natural resources. After storming to office in 2006 at the start of the commodities boom, Morales, Bolivia's first Indigenous president, nationalized the nation's oil and gas industry, using the lush profits to reduce poverty, expand infrastructure and improve the lives of the rural poor. After three consecutive presidential terms, as well as a contentious bid for an unprecedented fourth in 2019 that set off popular unrest and led to his ouster, Morales has been barred from this race by Bolivia's constitutional court. His ally-turned-rival, President Luis Arce, withdrew his candidacy for the MAS on account of his plummeting popularity and nominated his senior minister, Eduardo del Castillo. As the party splintered, Andrónico Rodríguez, the 36-year-old president of the senate who hails from the same union of coca farmers as Morales, launched his bid. Rather than back the candidate widely considered his heir, Morales, holed up in his tropical stronghold and evading an arrest warrant on charges related to his relationship with a 15-year-old girl, has urged his supporters to deface their ballots or leave them blank. Voting is mandatory in Bolivia, where some 7.9 million Bolivians are eligible to vote. President Arce appealed to the population to reject Morales' calls, arguing that those spoiling their ballots were doing damage to democracy. 'We urge the population to go out and vote,' he said while casting his vote in Bolivia's capital of La Paz. 'We must demonstrate unity and commitment to democracy.' Doria Medina and Quiroga, familiar faces in Bolivian politics who both served in past neoliberal governments and have run for president three times before, are struggling to stir up interest as voter angst runs high. 'There's enthusiasm for change but no enthusiasm for the candidates,' said Eddy Abasto, 44, a Tupperware vendor in La Paz torn between voting for Doria Medina and Quiroga. 'It's always the same, those in power live happily spending the country's money, and we suffer.' Whoever wins faces daunting challenges. Doria Medina and Quiroga have warned of the need for a painful fiscal adjustment, including the elimination of Bolivia's generous food and fuel subsidies, to save the nation from insolvency. Some analysts caution this risks sparking social unrest. 'A victory for either right-wing candidate could have grave repercussions for Bolivia's Indigenous and impoverished communities,' said Kathryn Ledebur, director of the Andean Information Network, a Bolivian research group. 'Both candidates could bolster security forces and right-wing para-state groups, paving the way for violent crackdowns on protests expected to erupt over the foreign exploitation of lithium and drastic austerity measures.' All 130 seats in Bolivia's Chamber of Deputies, the lower house of Parliament, are up for grabs, along with 36 in the Senate, the upper house. If, as is widely expected, no one receives more than 50% of the vote, or 40% of the vote with a lead of 10 percentage points, the top two candidates will compete in a runoff on Oct. 19 for the first time since Bolivia's 1982 return to democracy.
Yahoo
an hour ago
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Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold
In light of the United States' precarious fiscal situation, Ray Dalio, the founder of Bridgewater Associates, has advised investors to consider dedicating approximately 15% of their portfolio to either gold or Bitcoin. What Happened: In a recent interview, Dalio expressed his apprehension about a looming US debt crisis. He pointed out that the US dollar is being undermined due to excessive borrowing and deficit spending, leading to currency debasement. 'If you were neutral on everything and optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,' Dalio stated. Dalio also emphasized the need for effective diversification in a portfolio, recommending allocating about 15% as a protective hedge. During the discussion, he clarified that although he has a preference for gold over Bitcoin, the real economic issue is the devaluation of fiat money, which is currently affecting markets and investors. Also Read: Ray Dalio Shares Crucial Investment Advice for Those Who Want to Invest Well While some financial experts advocate for a higher allocation towards crypto, Dalio's balanced approach aligns with his brand. Dalio's recommendation comes at a time when the US is grappling with a burgeoning debt crisis. The rapid borrowing and deficit spending by the government are causing a devaluation of the US dollar, which is impacting markets and investors. By suggesting a 15% portfolio allocation to gold or bitcoin, Dalio is offering a potential solution for investors to safeguard their investments against the devaluation of fiat money. While some experts suggest a higher allocation to crypto, Dalio's measured approach provides a balanced perspective. It offers investors a solid foundation to profit in unexpected circumstances, thereby mitigating the risks associated with the current economic situation. Read Next Ray Dalio's Timeless Stock Market Advice: 'Don't Try to Time the Market Yourself Because You'll Probably Lose' Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
