Argentina

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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 - 21:05 - 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 - 21:12 - 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 - 21:14 - 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 - 21:16 - 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 - 18:47 - 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 - 20:37 - 0 comments

Argentina Central Bank Chief Quits, Raising Policy Uncertainties

Argentina's central bank chief resigned on Wednesday after a long tussle with the Economy Ministry and was replaced with a regulator considered sympathetic to the interventionist stance of a government battling one of the world's highest inflat ...

Daily Headline - global.abi.org - 10/01/2014 - 19:56 - 0 comments

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 - 20:14 - 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 - 21:28 - 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 - 21:35 - 0 comments

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