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  • Argentines shrug off risk of default Wednesday, 30 Jul 2014 | 2:25 PM ET

    BUENOS AIRES, Argentina— In 2001, it was ground zero for Argentina's financial earthquake. It was no matter that Gurof lost his life savings in 2001, when Argentina stopped payment on more than $90 billion in bonds.

  • *Tuesday's talks were first between hedge funds and Argentina. BUENOS AIRES/ NEW YORK, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.

  • BUENOS AIRES, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors who are suing it and to avert its second debt default in a little over a decade. Here are some of Argentina's crises through history:.

  • BUENOS AIRES, July 30- Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing either to cut a deal by the end of the day with "holdout" investors suing it or to win more time from a U.S. court to reach a settlement.

  • Prison for fraudster who lied about booking Bieber Wednesday, 30 Jul 2014 | 3:56 AM ET

    NEW YORK— A New York man who stole millions of dollars from clients by falsely promising to book performances by world-famous recording artists like Rihanna, Lady Gaga and Justin Bieber has been sentenced to five to 10 years in prison. Manhattan District Attorney Cyrus Vance Jr. announced the sentencing of 39- year-old Meceo McEaddy on Tuesday.

  • Time almost up for Argentina to avoid debt default Wednesday, 30 Jul 2014 | 1:15 AM ET

    BUENOS AIRES, July 30- Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.

  • NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default. If a deal is not reached, Argentina faces another default on its sovereign obligations.

  • NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default.

  • Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy. "It's not just damage to Argentina. Regional heavyweight Brazil also backed Argentina.

  • NEW YORK/ BUENOS AIRES, July 29- Argentine Economy Minister Axel Kicillof unexpectedly arrived in New York on Tuesday to join last-minute debt negotiations with "holdout" investors in a bid to avert a default.

  • Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy.

  • NEW YORK/ BUENOS AIRES, July 29- Holders of Argentina's euro-denominated exchange bonds urged a U.S. judge on Tuesday to suspend a debt ruling in favor of holdout investors suing the country that risks toppling Latin America's No. 3 economy into default. Argentina has until the end of Wednesday to either fulfill a ruling by U.S.

  • ARGENTINA'S JUNE 30 DEBT PAYMENT STILL HELD BY BANK OF NEW YORK MELLON IN BUENOS AIRES- CENTRAL BANK SOURCE.

  • NEW YORK/ BUENOS AIRES, July 29- Argentine debt negotiators held talks in New York on Tuesday with the U.S. mediator in the South American country's battle with holdout investors, in a last-ditch attempt to avert a default.

  • Argentina fights with debt holdouts; default nears Tuesday, 29 Jul 2014 | 2:31 PM ET

    BUENOS AIRES, Argentina— Argentina risks financial default unless it reaches an agreement with a group of holdout bondholders by Wednesday. The swap, however, failed to resolve Argentina's troubles. Argentina's government lined up two more swaps in 2005 and 2010, offering existing creditors new bonds worth much less than the old ones.

  • Argentina is out of legal options to avoid paying a court-ordered $1.33 billion, plus interest, to the holdout creditors who declined to restructure their bonds.

  • BUENOS AIRES, July 29- Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default. Rather than sink 2.8 million pesos into expanding production lines, he plans to cap the investment at 1.8 million pesos.

  • NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.

  • BUENOS AIRES/ NEW YORK, July 28- Argentina on Tuesday will meet the U.S. mediator in its battle with' holdout' debt investors suing the country for last-minute talks to avert its second default this century.

  • 3rd time unlucky: Argentina set for new default Monday, 28 Jul 2014 | 12:18 PM ET
    Posters on a wall against the 'vulture funds' in Buenos Aires, Argentina.

    Argentina will likely default on its debt for the third time in 28 years on Wednesday, which could cost U.S. hedge funds millions.