Argentina

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Cristina Fernández Holds Out For Victory In Debt Battle

The legal feud between Argentina and a group of “holdout” creditors is inflicting collateral damage on a growing number of victims caught in the crossfire. One of the few winners from the fight might turn out to be Cristina Fernández, the country’s presi ...

Daily Headline - global.abi.org - 03/30/2015 - 21:09 - 0 comments

As Argentina and Hedge Funds Battle, Citigroup Bows Out

The nasty battle between Argentina and a group of New York hedge funds has claimed another victim: Citigroup. The bank said on Tuesday that it would shut its custody business in Argentina after a federal judge in New York last week rejected its request t ...

Daily Headline - global.abi.org - 03/17/2015 - 20:49 - 0 comments

Argentina In No Rush To Re-Start Debt Restructuring Talks

Debt-holders who want to jumpstart restructuring talks with Argentina may have to wait until a court rules next month on whether to let a disputed bond payment go through, further extending a legal feud that has hobbled state finances, Business Insider ...

Daily Headline - global.abi.org - 02/23/2015 - 22:28 - 0 comments

US Holders Of Defaulted Argentine Bonds Step Up Campaign For Full Repayment Of Loans

US holders of defaulted Argentine bonds have stepped up their campaign for full repayment of their loans by detailing how 14 senior Argentine officials experienced “dramatic and often unexplained increases” in their personal wealth during service in the ...

Daily Headline - global.abi.org - 02/10/2015 - 23:49 - 0 comments

Debt Dispute Between Argentina and Hedge Funds at Impasse

The hopes of easing a debt dispute between Argentina and a group of New York hedge funds seemed to be dashed on Monday after the country’s economy minister made an offer that appeared to fall well short of what the investors were seeking, the Internati ...

Daily Headline - global.abi.org - 01/05/2015 - 22:05 - 0 comments

What Happens When A Country Goes Bust

From the days when monarchs over-borrowed for their mercantile adventures, to Argentina’s recent failure to pay its creditors, countries have long run into trouble paying back what they have borrowed. Spain’s 16th-century king, Philip II, reigned over fo ...

Daily Headline - global.abi.org - 01/04/2015 - 22:12 - 0 comments

Clause Expires, Could Help Settle Argentine Debt

The Argentine government and a holdout group of bond creditors led by billionaire Paul Singer will soon have a chance to renegotiate a longstanding debt dispute that U.S. courts and the United Nations have wrestled with and that ultimately could affect d ...

Daily Headline - global.abi.org - 01/04/2015 - 22:14 - 0 comments

Argentina Default Settlement Odds on Leftover Bonds Surge

Creditors who own bonds left over from Argentina’s default in 2001 are growing increasingly confident the government will negotiate once a clause that it says prevents a settlement expires next month, Bloomberg Businessweek reported. The dollar-denominat ...

Daily Headline - global.abi.org - 11/13/2014 - 22:16 - 0 comments

Argentina Default Spreads To Par Bonds, Risking Payment Demands

Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that the country's cash-strapped government immediately repay all of its debt. Arg ...

Daily Headline - global.abi.org - 11/02/2014 - 19:47 - 0 comments

Argentina Central Bank Borrows $814 Million Under China Currency Swap

Argentina’s central bank tapped a currency swap line with its Chinese counterpart for the first time Thursday, requesting the equivalent of about $814 million at a time when its hard currency reserves are under pressure, The Wall Street Journal repor ...

Daily Headline - global.abi.org - 10/30/2014 - 21:37 - 0 comments

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