US judge held Argentina in contempt of court for trying to find ways to circumvent a prior order requiring it pay holdout bond holders.» Read More
BUENOS AIRES, Sept 30- Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday, the Economy Ministry said, defying a U.S. judge who held it in contempt a day earlier for taking illegal steps to meet its debt obligations.
Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday in defiance of U.S. District Judge Thomas P. Griesa, who found Argentina in contempt on Monday.
NEW YORK, Sept 29- In a rare move, a U.S. judge held Argentina in contempt on Monday, saying the country is taking "illegal" steps to evade his orders in a longstanding dispute with hedge funds over defaulted debt. But Griesa issued a clear warning that the country must stop efforts to get around his rulings by making payments in Argentina.
NEW YORK, Sept 29- Argentina is in contempt of court, a U.S. judge ruled on Monday, the latest step in a years-old case brought by the U.S. hedge funds over defaulted debt.
FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.
NEW YORK/ BUENOS AIRES, Sept 29- Argentina said on Monday that any sanctions for contempt of court, levelled against it for refusing to pay U.S. hedge funds suing over defaulted debt, would be illegal under international law.
*Telecom Italia board to examine Fintech's proposal Friday. MILAN/ BUENOS AIRES, Sept 25- Investment company Fintech has asked Telecom Italia to further extend an agreement to buy the Italian group's controlling stake in Telecom Argentina, Telecom Italia said on Thursday, in a last-minute attempt to ensure the sale does not fall apart.
BUENOS AIRES, Sept 24- Argentina said on Wednesday its economy pulled out of recession in the second quarter, raising doubts over the reliability of data as the government battles to ease the impact of its sovereign debt default.
BUENOS AIRES, Argentina— Argentine tax evaders beware: The government is using a drone to spot you. The Buenos Aires province's tax agency said Wednesday that it has used drones to identify some 200 mansions and about 100 swimming pools that haven't been declared by their owners.
The comment came just hours after Fernandez's cabinet chief Jorge Capitanich accused Germany of having a "hostile attitude" toward Argentina's debt restructuring effort, citing an advertisement by the hedge funds which quotes a German official criticizing Argentine policy.
BUENOS AIRES, Sept 24- Germany has a "hostile attitude" toward Argentina's debt restructuring effort, cabinet chief Jorge Capitanich said on Wednesday after local newspapers ran an advertisement quoting a German official criticizing Argentine policymaking.
He bashed rival funds such as Elliott Management, which has invested in Argentine bonds and held out for full payment, calling their behavior immoral.
NEW YORK, Sept 23- Argentina is expected to deliver a US $200 m coupon payment in the next week on its restructured Par bonds, but frustrated investors still have little chance of getting their hands on the money.
BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez met on Monday with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest default.
NEW YORK, Sept 22- Citigroup Inc plans to ask a U.S. judge to put on hold an order barring it from processing payments on $8.4 billion in bonds issued under Argentine law following the country's record 2002 default, court documents showed.
BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez on Monday will meet bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest debt default, a government minister said.
Citi argued it faces "a serious and imminent hazard" if it cannot process another interest payment by Argentina on $8.4 billion in bonds the country issued.
BUENOS AIRES, Argentina— Argentina's congress on Thursday approved a law that lets the government intervene in setting prices and profits in an attempt to tackle one of the hemisphere's worst inflation rates.
BUENOS AIRES, Sept 16- Argentina called in the United States' top diplomat in the country on Tuesday to express its "deep indignation" over a local newspaper interview in which he made reference the South American country's latest debt default.
But she needs to route the funds through channels beyond the reach of the U.S. judge who ruled that Argentina must settle a legal fight with a group of New York hedge funds over unpaid debt from a massive 2002 default before servicing its performing debt.