Argentina

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US Judge Griesa Holds Argentina In Contempt In Debt Case

A U.S. judge held Argentina in contempt of court on Monday, saying the republic was trying to find ways to circumvent a prior order requiring it pay holdout bondholders at the same time as other creditors who restructured their debt in recent years, Reut ...

Daily Headline - global.abi.org - 09/29/2014 - 21:14 - 0 comments

Argentina Tries To Pay Debt Outside US

In its latest attempt to circumvent US courts, Argentina will seek to pay nearly $200m due on its restructured bonds by disbursing the money to investors next week via a local bank instead of Bank of New York Mellon, its trustee, the Financial Times ...

Daily Headline - global.abi.org - 09/25/2014 - 22:28 - 0 comments

Argentina Appeals To A Higher Authority In Fight With Creditors

Argentina’s battle with holdout creditors is taking on ever-broader dimensions as Cristina Fernández, the president, appeals for support from the UN this week after meeting billionaire George Soros and Pope Francis, the Financial Times reported. In N ...

Daily Headline - global.abi.org - 09/22/2014 - 22:35 - 0 comments

Citigroup Tells Appeals Court of Its Argentina Quandary

Argentina is holding a gun to the head of Citigroup, a lawyer for the bank told a three-judge panel in Manhattan on Thursday, the International New York Times DealBook blog reported. The bank has found itself in an awkward position: It must decide be ...

Daily Headline - global.abi.org - 09/18/2014 - 21:38 - 0 comments

Argentina Passes New Debt Bill With Eye On Next Payment

Argentina's Congress on Thursday passed a new bill designed to enable the government to resume debt payments to bondholders in defiance of a U.S. court ruling which tipped the country back into default, Reuters reported. President Cristina Fernandez ...

Daily Headline - global.abi.org - 09/11/2014 - 21:45 - 0 comments

Argentina Said to Tighten Currency Rules as Reserves Drop

Argentina is tightening its grip on the country’s currency market as international reserves decline following its second debt default in 13 years, Bloomberg News reported. Argentine banks must now seek government authorization for dollar purchases of $15 ...

Daily Headline - global.abi.org - 09/10/2014 - 21:47 - 0 comments

Fernández Likely To See Out Term With Battle Cry For ‘Fatherland’

In the aftermath of the country’s default, Argentine president Cristina Fernández’s approval ratings jumped as she defiantly stood up to Argentina’s “holdout” creditors, who rejected debt restructurings accepted by 93 per cent of bondholders after the co ...

Daily Headline - global.abi.org - 09/07/2014 - 21:40 - 0 comments

Argentine Economist Says Bond Holdouts Should Be Paid

Domingo Cavallo, the architect of Argentina’s first debt restructuring deal in 2001, has a solution for the country’s worsening debt drama: pay the holdouts, the International New York Times DealBook blog reported. “Argentina should comply with Judge ...

Daily Headline - global.abi.org - 09/04/2014 - 20:42 - 0 comments

Argentina Set for National Strike as Economic Woes Deepen

President Cristina Fernandez de Kirchner’s government faces a second national strike in less than five months, as a default last month threatens to aggravate quickening inflation and a plunging peso, Bloomberg News reported. Some state employees picketed ...

Daily Headline - global.abi.org - 08/27/2014 - 21:47 - 0 comments

Argentina Retaliates Against BNY Over Debt Payments

Argentina retaliated against Bank of New York Mellon on Monday for refusing to make payments to bondholders in compliance with a US court ruling – a move which has also led a group of hedge funds that includes George Soros’ Quantum Partners to sue the US ...

Daily Headline - global.abi.org - 08/27/2014 - 21:28 - 0 comments

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