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.» Read More
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.
LIMA, July 29- Southern Copper Corp's net income fell 9.5 percent in the second quarter from the same period a year earlier because of rising costs, the global miner said in a statement on Tuesday.
LIMA, July 29- Southern Copper Corp's net income fell 9.5 percent to $337.3 million in the second quarter from the same period a year earlier on rising costs, the global miner said in a statement on Tuesday.
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.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for increased U.S. imports at a time of a supply shortage.
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.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for larger U.S. imports.
The concepts of 'Logic will prevail' and 'Argentina' don't necessarily go together, says one portfolio manager.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would allow pork to be imported from certain areas of Mexico that have been defined as having a low risk of classical swine fever.
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.
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.
Jerry Brown travels to Mexico for three days of meetings starting Monday and will discuss immigration in separate sit-downs with President Enrique Pena Nieto and Central American diplomatic and religious leaders.