Argentina's stock market surges on optimism for avoiding default. CNBC's Kate Kelly reports the details.» Read More
The holdouts want full repayment on bonds that Argentina defaulted on in 2002 and they have won a string of victories in U.S. courts that put the country on the brink of a new default.
BUENOS AIRES, June 26- Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through.
BUENOS AIRES, June 26- Argentina has deposited the next payment that the government owes on its restructured bonds, Economy Minister Axel Kicillof said on Thursday, while a U.S. federal court decides whether to allow the payment to go through.
Tim Seymour, CIO of Triogen Asset Management, says the possibility of a technical default is less of a "live or die" issue for Argentina compared to problems like inflation.
UNITED NATIONS, June 25- Argentina's Economy Minister Axel Kicillof warned United Nations diplomats on Wednesday the country is being pushed toward a new default after a U.S. Supreme Court decision favored holdout creditors seeking payment on bonds it defaulted on in 2001-2002..
BUENOS AIRES, June 25- Argentina's debt servicing costs are set to more than double in 2015 as foreign reserves slide to critically low levels, boosting pressure on the nation to resolve its 12- year-old battle with creditors and regain access to international credit markets.
NEW YORK, June 25- Argentina's Economy Minister Axel Kicillof is due to address the United Nations and the press on Wednesday about the country's standoff with holdout bond investors, but it remains to be seen whether he will actually open negotiations while the clock ticks down toward a debt default.
NEW YORK, June 25- Argentina's Economy Minister Axel Kicillof will hold a news conference following his address on the country's debt situation to the United Nations, the country's U.N. ambassador said Wednesday.
Argentina took its first step in U.S. court toward negotiating with creditors in an effort to end a dispute over unpaid debt and avoid a default. Teresa Barger, Cartica Capital, explains the three big problems facing the republic and why U.S. investors should care.
BUENOS AIRES, June 23- Argentina has asked a U.S. judge to issue a stay of his ruling against the country in its case against "holdout" creditors as it seeks to start negotiations aimed at avoiding a new default, according to court papers filed on Monday.
Argentina will ask a U.S. judge to impose a stay on debt rulings to allow the country to make payments to creditors of restructured bonds.
BUENOS AIRES, June 23- Argentina will ask U.S. District Court Judge Thomas Griesa on Monday to impose a stay on debt rulings to allow the country to make payments to creditors of restructured bonds on June 30, Economy Minister Axel Kicillof said.
Argentina mulls initial payment to holdout creditors, final deal in 2015- newspaper. BUENOS AIRES- Argentina is considering making an initial payment to "holdout" creditors before asking to extend negotiations to officially reach a settlement next January to avert a disastrous debt default, according a leading local newspaper.
NEW YORK, June 20- Argentina may hyperventilate about greedy hedge funds right up to and past the point of another default on $100 billion of bonds, but posturing and talk won't stop events beyond its control from forcing a settlement with holdout bondholders, whether it's next week, next month or next year, experts said.
Hedge fund titan Paul Singer's efforts to resolve his dispute with Argentina over bond payments isn't over yet.
NEW YORK, June 19- At a hearing Wednesday afternoon in Manhattan, Argentina's lawyer, Carmine Boccuzzi of Cleary Gottlieb Steen& Hamilton, informed U.S. Argentina also said in a brief to the Supreme Court that it would comply with U.S. court orders.
BUENOS AIRES, June 19- Argentina hasn't prepared a team to go to New York to negotiate with holdout bondholders, Cabinet chief Jorge Capitanich said on Thursday, casting doubt over whether it will seek a deal to stave off a debt default.
Elliot Management is willing to take an Argentine settlement of a combination of bonds and cash, a source familiar with the matter told CNBC.
BUENOS AIRES, June 19- Argentina Cabinet Chief Jorge Capitanich said on Thursday the government has no delegation prepared for a "possible" trip to the United States to seek negotiations in the ongoing bond dispute, casting doubt over whether the prospective talks will materialize.
NEW YORK, June 18- Argentine officials will begin to negotiate for the first time next week with hedge funds that refused to take part in its debt restructuring, a lawyer for the country said in Manhattan federal court on Wednesday.