Argentina approved a law proposing to restructure the country's debt to skirt a US ruling that forced it into another default.» Read More
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- U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy.
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 Argentina's local laws following its 2002 default.
NEW YORK, Sept 22- Chinese companies traded in the United States were lower on Monday, dropping heavily after China's finance minister indicated that the country would not increase its stimulus measures. Recent data in China has been weak, leading many analyst to lower their growth forecasts and hope for more aggressive accommodations from the government.
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.
NEW YORK, Sept 19- A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.
LONDON— Scotland's decision to reject independence from the United Kingdom gave British markets a short-term lift Friday but worries over future constitutional changes kept a lid on the relief rally.
LONDON, Sept 17- London's trading rooms are gearing up for an extra long shift to cover Scotland's independence referendum and drafting in extra staff, anticipating a surge in activity when the result comes through early on Friday.
LONDON, Sept 17- London's trading rooms are gearing up for an extra long shift to cover Scotland's independence referendum and drafting in extra staff, anticipating a surge in activity when the result comes through early on Friday. The vote on whether Scotland should end its 300- year-old union with England was set for a nail-biting finish.
BUENOS AIRES, Argentina— A law designed to restructure Argentina's debt and sidestep a U.S. court ruling that pushed the government into default could be difficult to apply and worsen the country's frail economy, analysts say.
NEW YORK, Sept 12- U.S.-listed shares of Brazilian companies were down sharply on Friday after an opinion poll showed Brazilian President Dilma Rousseff has narrowed the lead of her top challenger, Marina Silva, in a likely runoff race.
*Scots vote, Ukraine tension bog down global stock prices. Nervousness about a Scottish vote next week on a split from the United Kingdom and tension between Russia and the West over Ukraine also weighed on stocks and other riskier investments, analysts said.
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.
BUENOS AIRES, Sept 11- Argentina's Congress on Thursday overwhelmingly passed a debt bill aimed at defying a U.S. court ruling which tipped the country into default for the second time in 12 years. It also encourages investors to move their Argentine debt from the United States or other foreign jurisdictions to either Argentina or France via an exchange of debt.
BUENOS AIRES, Sept 11- Argentina's Congress gave final approval on Thursday to a law proposing to restructure the country's debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable Argentina to make payments on its foreign-held bonds locally or elsewhere beyond the reaches of the U.S. court.
NEW YORK, Sept 10- U.S.-listed shares of South African gold miner AngloGold Ashanti Ltd were among the biggest percentage decliners on the New York Stock Exchange Wednesday after it announced a $2.1 billion rights issue and plans to spin off its non-South African assets in a new British-based company.
BUENOS AIRES, Sept 9- A majority of Argentina's creditors are opposed to their bonds being moved to a new jurisdiction under a government proposal that would sidestep a U.S. court ruling that toppled it into default, the country's economy minister said on Tuesday.
BUENOS AIRES, Sept 9- A majority of Argentina's debt investors do not want to take up a government proposal to change the jurisdiction governing their bonds, Economy Minister Axel Kicillof told members of the country's Congress on Tuesday. The frozen coupon payment is still held by U.S. intermediary Bank of New York Mellon.
The euro plummeted 1.6 percent on Thursday- its steepest fall in almost three years- to a 14- month low of $1.2920 after the European Central Bank cut rates to new lows and launched an asset purchase programme to ward off deflation. The single currency inched up 0.1 percent on Friday at $1.2962, still firmly below $1.30.