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.» Read More
BUENOS AIRES, Aug 6- The U.S. judge in charge of Argentina's debt default case on Wednesday ordered Bank of New York Mellon to hold on to money deposited by the government rather than disburse the funds to holders of the country's restructured bonds.
SAO PAULO, Aug 5- When João Paulo de Oliveira was fired in 1980 by Rapistan, a Michigan- based manufacturer of conveyor belts, his troubles were only beginning. In ensuing years, the military dictatorship that ran Brazil arrested or detained him about 10 times.
BUENOS AIRES, Aug 4- Argentina's markets watchdog on Monday launched an investigation into what it believes may have been unlawful speculation by holdout creditors whose litigation against the country for repayment of their defaulted bonds pushed it into a new default last week.
BUENOS AIRES, Aug 4- Argentina's markets watchdog on Monday launched an investigation into possible unlawful speculation by holdout creditors whose litigation against the country for repayment of their defaulted bonds pushed it into a new default last week.
NEW YORK/ BUENOS AIRES, Aug 1- Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country's failure to service a June interest payment was declared a "credit event."
NEW YORK/ BUENOS AIRES, Aug 1- Argentina's default this week did not "extinguish or reduce" the South American country's debt obligations, a U.S. judge said on Friday, and he ordered negotiations between the country and holdout investors to continue.
The ISDA on Friday effectively declared Argentina in default, which could trigger payments worth up to $1 billion on credit default swaps.
The International Swaps & Derivatives Association has declared Argentina is in fact in default in the dispute over its bond payments, reports CNBC's Morgan Brennan.
BUENOS AIRES, Aug 1- Argentina's government said on Friday it expected nothing favorable to come out of a court hearing in New York later in the day in its debt default case, as the country's domestic markets looked to optimism for an eventual deal.
BUENOS AIRES, Aug 1- Argentina's Cabinet chief Jorge Capitanich said on Friday the government held no positive expectations for a court hearing in New York later in the day that will discuss the South American country's debt default.
BUENOS AIRES, July 31- Argentina may have defaulted on its debt for the second time in 12 years on Thursday, but the packed elegant cafes in Buenos Aires show little sign of distress and shoppers rather than protestors fill the streets.
BUENOS AIRES, July 31- Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years after the failure of last-ditch talks with holdout creditors.
BUENOS AIRES, July 31- Argentine economy minister Axel Kicillof said on Thursday that the country was not in default and threatened court action if any bondholders demanded their money back. Latin America's No.3 economy failed to clinch a deal in last-minute talks with holdout creditors, leaving it unable to comply with debt payments that fell due on July 30.
Liz Ann Sonders, Charles Schwab chief investment strategist, and CNBC's Kate Kelly, discuss if Argentina's default influenced Thursday's selloff.
The Economist Correspondent Haley Cohen provides insight to Argentina's second debt default in 13 years.
Argentina nears default, and somewhat counter-intuitively, debt defaults historically are good for a nation's stocks.
BUENOS AIRES, July 31- Argentina's main government bond, stock market and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the failure of last-ditch talks with holdout creditors.
JPMorgan and Citi have held talks to help resolve Argentina's creditor standoff. Insight to potential solutions, with CNBC's Kate Kelly.
Argentina has defaulted on its debt. CNBC's Kate Kelly reports the ISDA has received a request to make a ruling on whether a credit event has occurred in Argentine Republic.
BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, as focus turned to whether big banks and funds would request the declaration of a "credit event".