August 2, 2014

Argentina >

01/08/2014 | 

Griesa authorizes payment to European bondholders

New York judge Thomas Griesa today authorized Euroclear and Clearstream banks to make a one-off transaction for mainly European exchange bondholders with the money deposited by Argentina on June 26.

01/08/2014 | 

Gov’t to investigate ‘speculative moves’ in ‘vulture case’

The Economy Ministry today denounced New York judge Thomas Griesa has benefited “vulture funds” during negotiations over Argentina's defaulted debt with holdouts and asked the National Value Commission (CNV) to start an investigation over alleged “speculative moves”.

01/08/2014 | 

Moody’s lowers Argentina outlook rating to negative

Ratings agency Moody’s Investors Service left today Argentina’s note bonds unchanged but it lowered the country’s outlook rating to “negative”, as it considered domestic economy will deteriorate after the failure to pay exchange bondholders.

01/08/2014 | 

US judge Griesa urges Argentina, vulture funds to resume negotiations; rejects replacing Special Master Pollack

US District Judge Thomas Griesa, in a stern tone, today criticized Argentina's decision to default on $29 billion in debt earlier in the week rather than pay holdout investors as ordered.

01/08/2014 | 

ISDA declares credit event on Argentina CDS

The International Swaps and Derivatives Association (ISDA) today effectively declared Argentina in default, setting in motion a process that could trigger payments worth up to USD1bn on credit default swaps.

01/08/2014 | 

Informal dollar ends at 12.80 pesos

The informal rate or "blue" dollar today rose again to end five cents higher at 12.80 pesos after climbing 40 cents yesterday as investors shelter in the US currency amid increasing uncertainty over the ongoing debt negotiations in New York.

01/08/2014 | 

Foreign private banks, hedge funds closer to overcoming barrier in negotiations

Holdhout hedge funds and the three foreign private banks involved in negotiations to buy Argentine sovereign debt have come closer to a common position, a report by journalist Guillermo Laborda in á reveals.

01/08/2014 | 

At least one dead, 7 injured in Córdoba gas blast

At least one man was killed and seven people were injured due to an explosion at a power plant in the province of Córdoba causing also energy supply shortages in nearby areas. SEE PHOTO GALLERY.

01/08/2014 | 

'No favourable expectations due to Griesa's biased position'

The government has low expectations of today’s new hearing called by US District Court Thomas Griesa with Cabinet Chief Jorge Capitanich saying the magistrate has proved a “biased” position in Argentina’s debt dispute with so called "vulture funds".

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