Bank of New York Mellon, a key trustee of Argentine bonds, on Thursday notified bondholders that a payment deadline has elapsed.» Read More
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.
Argentina will likely default on its debt for the third time in 28 years on Wednesday, which could cost U.S. hedge funds millions.
News that the mediated meeting with holdout creditors was over after only one hour sent Argentina's bonds reeling.
BUENOS AIRES, July 28- Argentina will send a negotiating team to New York on Monday for further talks with a U.S. court-appointed mediator in a debt dispute with' holdout' investors, cabinet chief Jorge Capitanich said, with just three days to go to avert a default.
But the mediator, Daniel A. Pollack, said in a statement that while the Argentines would meet him, they had not yet accepted his recommendation of face-to-face talks with the plaintiffs in the dispute, led by New York billionaire Paul Singer's NML Capital Ltd.. District Judge Thomas Griesa has forbidden Argentina to pay them unless it also pays the holdouts.
BUENOS AIRES, July 28- Argentina will send a negotiation team to New York on Monday for further talks with a U.S. court-appointed mediator in a debt dispute with "holdout" investors, cabinet chief Jorge Capitanich said, with just three days to go to avert a default.
Argentina will default for the second time in 13 years if it cannot reach a deal with the U.S. hedge funds before July 30. Following a U.S. judge's order, Argentina can't pay investors who accepted lower-valued bonds after its record $100 billion default in 2001 unless it also pays off creditors who didn't participate in previous bond swaps.
NEW YORK/ BUENOS AIRES, July 25- Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.
NEW YORK, July 24- Less than a week before Argentina could default on its sovereign bonds, the government and holdout creditors have yet to meet face-to-face despite an urgent plea from the U.S. court-appointed mediator on Thursday that they start direct talks.
NEW YORK, July 24- Representatives for holdout investors and Argentina in the country's ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argentina could once again default.
Bradford Jones, portfolio manager at Sagil Capital, discusses Argentina's debt repayment situation and says the country could be heading for a "soft default".
BUENOS AIRES, Argentina— Argentina's president said Wednesday that her country will not go into default because it has paid it has been paying debts to bondholders on time. The government is in negotiations to resolve a dispute with creditors over $1.5 billion in unpaid debts that could lead Argentina to its second default in 13 years.
NEW YORK/ BUENOS AIRES, July 23- Argentina will keep talking to "holdout" investors suing the country for full payment on their bonds, but its demands should not be trivialized as whims, its president said on Wednesday.
Settlement talks between Argentina and bondholders not part of the nation's past debt restructuring were pushed back one day, the mediator said.
NEW YORK, July 22- A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.
A US judge overseeing Argentina's debt restructuring case ordered negotiators and holdout investors to meet until a settlement is reached.
NEW YORK, July 22- A U.S. judge overseeing Argentina's debt restructuring case on Tuesday ordered negotiators for the country and holdout investors to meet with a court-appointed mediator until a settlement is reached, as time runs short before a potential default. Argentina has been pushed to the brink of a fresh debt default by U.S. court decisions.
NEW YORK, July 22- A leading holdout investor in Argentina's debt battle said Tuesday that the country still has no interest in negotiations, just hours before a hearing on previous orders requiring the country pay holdout bondholders. Late Monday, Argentina asked U.S.
The top soccer official in the U.S. wants to change the way FIFA, soccer's world governing body, does business.
BUENOS AIRES, July 18- Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. China is Argentina's second-largest trading partner after neighbor Brazil.