Belize is defaulting on Debt Payment, Who’s Next?

Dear PGM Capital Blog readers, Belize, a Central American nation, today announced that they will miss a coupon payment on about US$544 million of bonds and is unlikely to pay creditors during a 30-day grace period that starts today: The Central American nation, which owes investors about US$23 million today, can’t make the payment, Waight[…]

BP Prudhoe Bay Royalty Trust Announces Q3-2011 Dividend

Dear PGM CAPITAL blog readers, On Friday October 7th 2011,  BP Prudhoe Bay Royalty Trust (NYSE: BPT) announces that the dividend information for the Third Quarter of 2011 is as follows: Ex-Dividend Date: October 13, 2011 Record Date: October 17, 2011 Payable Date: October 20, 2011 Dividend Rate: $ 1.9564770 per Unit   Note: Actual Average Daily Production[…]

Introducing the Services of PGM Capital

Dear PGM Capital Blog readers, Awaiting our Website to become operational in the second half of this year, we herewith provide you with an overview of our scope, profile and services. PGM Capital is a financial advisory & wealth management company, which, together with its partners, offers a wide variety of tailor made financial services[…]

China raises interest rates as Inflation fears spark

Dear PGM CAPITAL blog reader, on Wednesday, July 6th 2011, the Central of China, announced that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday July 7th 2011. The rate paid on one-year deposits will rise to 3.5 percent and the rate for[…]