Results for Argentina
- US Supreme Court Declines To Review Argentine Debt Case
The US Supreme Court on Monday refused to consider a landmark appeal by Argentina of a lower court's order to pay around $1.5 billion to two hedge funds, the Global Post reported on an Agence France-Presse story. But the decision did not end Arg ...
Daily Headline - global.abi.org - 10/08/2013 - 20:56 - 0 comments
- Supreme Court Takes No Action on Argentina Bond Case
The U.S. Supreme Court on Tuesday took no action on an appeal by the government of Argentina in a closely watched sovereign-debt case, The Wall Street Journal reported. The high court added eight new cases to its docket Tuesday but made no mention of ...
Daily Headline - global.abi.org - 10/01/2013 - 19:38 - 0 comments
- Risk Of Default Adds To Woes For Argentina’s Fernández
The thriving currency black market on postcard Florida Street in the commercial centre of Argentina’s capital is a result of strict foreign exchange controls introduced in 2011 to stem capital flight, the Financial Times reported. In the “caves”, dol ...
Daily Headline - global.abi.org - 09/16/2013 - 20:30 - 0 comments
- Argentina Reopens Debt Swap for Second Time
Argentina's government will reopen a 2005 debt swap for a second time after an adverse ruling in a New York court last week, The Wall Street Journal reported. The move, unveiled by President Cristina Kirchner Monday, comes as the government deal ...
Daily Headline - global.abi.org - 08/26/2013 - 20:37 - 0 comments
- Don’t Cry for Me Argentine Bondholders: The Second Circuit Rules
On August 23, the Second Circuit issued its long-awaited opinion on Argentina’s appeal from the Southern District’s amended injunction requiring that Argentina make “ratable payment” to the plaintiffs when it next makes payment to holders of its Exchange ...
Resource Article - twallace@abiwor... - 09/30/2013 - 10:34 - 0 comments - 1 attachment
- IMF Set to Back Argentina Against Creditors
The International Monetary Fund is preparing to back Argentina in a long-running legal battle with hedge funds that has broad repercussions for how governments around the world deal with their creditors, the Wall Street Journal reported today. IMF Ma ...
Daily Headline - abi_admin - 07/17/2013 - 18:19 - 0 comments
- Argentina Asks U.S. Supreme Court to Review Default Case
Argentina asked the U.S. Supreme Court to review a lower-court ruling against it in a case over the nation’s defaulted debt, Bloomberg reported. The South American nation claims a federal appeals court in New York was wrong when it ruled in October that ...
Daily Headline - global.abi.org - 06/26/2013 - 20:31 - 0 comments
- Argentina Faces Very Different Debt Default If Loses Legal Fight
When Argentina defaulted on its debt in 2002, the economy was collapsing and a bloody popular revolt had helped topple two presidents in a week. Now, the country could default again, but it would be over a matter of principle rather than necessity, Reute ...
Daily Headline - global.abi.org - 05/13/2013 - 20:30 - 0 comments
- Argentina Defends Payment Plan; Analysts Trash It
Argentine officials say their plan for paying $1.4 billion in defaulted debt is fully within the spirit of U.S. court rulings, the Associated Press reported. But Wall Street analysts say the offer looks nothing like the letter of the law as the appellate ...
Daily Headline - global.abi.org - 04/01/2013 - 20:20 - 0 comments
- Argentina ‘Greek Tragedy’ Nears End as Debt Ruling Looms
Argentina may learn at any time whether a U.S. appeals court will rule that it must pay $1.4 billion to holders of its defaulted debt, something the South American country has resisted for more than a decade, Bloomberg reported. The court in New York is ...
Daily Headline - global.abi.org - 03/31/2013 - 20:28 - 0 comments