Argentina

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'The Most Miserable Country In The World' Is Slipping Toward Default

Over the past few days, the talk among those who watch "the most miserable country" in the world has turned to default, Business Insider reported. This year, it seems, is Venezuela's year. "Unless the Chinese pull something out of the ...

Daily Headline - global.abi.org - 02/10/2016 - 08:28 - 0 comments

Argentina Reaches Debt Deal With 2 Hedge Funds

Argentina has offered to pay $6.5 billion to a group of hedge funds holding bonds it defaulted on 14 years ago in a historic effort by the nation to put a bitter legal battle behind it, the International New York Times DealBook blog reported. Montreu ...

Daily Headline - global.abi.org - 02/07/2016 - 19:51 - 0 comments

Argentina To Pay Italian ‘Holdout’ Creditors

Argentina made its first agreement with a group of “holdout” creditors that rejected debt restructurings after the 2001 default on Tuesday, moving a step closer to regaining unfettered access to international capital markets, the Financial Times repo ...

Daily Headline - global.abi.org - 02/02/2016 - 21:10 - 0 comments

Elliott Said to Subpoena HSBC on Involvement in Argentina Loans

Holdout creditors are demanding information from HSBC Holdings Plc about Argentina’s effort to raise cash, as the government seeks to end a 14-year standoff that has kept the nation out of international credit markets, Bloomberg News reported yesterday. ...

Daily Headline - abi_admin - 12/30/2015 - 14:02 - 0 comments

Argentina Looks for Second Law Firm to Resolve Lawsuit over Debt

Argentina's new government is shopping around for a second law firm to help resolve the country's longstanding battle with creditors suing it over its unpaid debt, Reuters reported yesterday. The center-right government of Mauricio Macri will p ...

Daily Headline - abi_admin - 12/29/2015 - 12:36 - 0 comments

Argentina’s New President Moves Swiftly to Shake Up the Economy

Mauricio Macri clinched Argentina’s presidency last month by tapping into voters’ fatigue with a leftist political movement that had governed for more than 12 years, the New York Times reported today. But just three weeks into his four-year term, Mac ...

Daily Headline - abi_admin - 12/28/2015 - 13:14 - 0 comments

Mediator: Argentina and Bondholders to Hold January Debt Talks

A U.S. court-appointed mediator said that Argentina's new government and holdout bondholders are to meet in the second week of January to start "substantive" talks toward settling a more than decade-old sovereign debt dispute, Reuters repo ...

Daily Headline - abi_admin - 12/22/2015 - 13:19 - 0 comments

Argentina’s Peso Sinks After Currency Controls Lifted

Argentina’s peso lost more than a quarter of its value against the U.S. dollar Thursday, a day after the new government of President Mauricio Macri said it would lift currency controls to attract investors and kick-start the economy, The Wall Street Jo ...

Daily Headline - global.abi.org - 12/17/2015 - 22:19 - 0 comments

Argentina Announces Lifting of Currency Controls

Argentina’s new government on Wednesday lifted currency controls, allowing its citizens to buy dollars freely for the first time in four years and setting the stage for a sharp depreciation of the peso, The Wall Street Journal reported. The move, whi ...

Daily Headline - global.abi.org - 12/16/2015 - 22:24 - 0 comments

Argentine President-Elect Vows "Tough" Debt Default Talks

Argentine President-elect Mauricio Macri plans to push through economic reforms that will buy him time for a "tough negotiation" with U.S. hedge funds suing the country over unpaid government debt, Bloomberg News reported. The pro-business Macr ...

Daily Headline - global.abi.org - 11/24/2015 - 22:04 - 0 comments

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