Argentina will begin meeting investors Monday as it returns to the international bond market for the first time in 15 years and closes the book on a long and bitter battle with its creditors.
US district judge Thomas Griesa has rejected Citigroup’s request to vacate injunction, prohibiting the bank from processing payments on dollar-denominated Argentine exchange bonds.
The Government today made its final $2.2 billion payment on bonds issued to savers whose dollar- denominated bank accounts were frozen by the Government a decade ago.
President Cristina Fernández de Kirchner assured today that Argentina's dollar-denominated debt bonds are to be “paid in dollars” whilst criticizing a New York appeals court ruling that could force the country to repay creditors who have sued to collect on bonds in default since 2002, in a speech at the Government House today.
New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time today to address Argentina's recent public statements over their attempts to pay creditors, a court official said.
Argentina reached an acceptance rate of 80.6 percent on its US$330 million swap of defaulted Brady bonds, Economy Minister Amado Boudou told local radio a day after the debt exchange offer expired.
Cristina Fernández de Kirchner's administration canceled an offer for creditors to swap up to $263 million and 54 million euros in defaulted Brady bonds for new debt, two weeks after a US court ruling effectively blocked the exchange.
Buenos Aires City government has decided to postpone the offer of a $415 million dollar bond because of the current volatility in the market, Treasury Secretary Néstor Grindetti stated
Two years after it nearly crashed out of the euro zone, Greece returned to the bond market with yield-hungry investors rushing to buy its debt in a 3-billion euro deal that could mark the beginning of the its bailout end.
French President Nicolas Sarkozy said that Greece's debt crisis had been solved after Athens won strong acceptance from private creditors for a bond swap deal.
Queen Elizabeth's virtuoso performance as the "Bond girl" star of the Olympic opening ceremony crowns a majestic 15-year special operation that has recast the monarch as the people's champion of a cool Britannia.
Federal Reserve Chairman Ben Bernanke strongly defended the US central bank's monetary stimulus before Congress today, easing financial market worries over a possible early retreat from bond buys.
The European Central Bank stepped in to stem an accelerating sell-off of euro zone government bonds today, traders said, after the United States called for more decisive action to halt a spreading sovereign debt crisis.
Major Greek bondholders voiced their support for a deal that will more than halve the value of their holdings as their contribution to keeping the country afloat.
Greece secured an overwhelming acceptance of a bond swap offer to private creditors and beat its own most optimistic forecasts, a senior official said after the deadline expired on a deal needed to avoid a chaotic debt default.
Dame Shirley Bassey, who recorded the theme songs for the James Bond films "Goldfinger," "Diamonds Are Forever" and "Moonraker," will make her first appearance at the Academy Awards this month, the show's producers said today.
A new James Bond novel will be released in September with the latest exploits of the British spy written by novelist William Boyd, the estate of Bond's creator Ian Fleming said today.
James Bond can don the tuxedo and break out the Dom Perignon after the super spy returned to theatres in record fashion at the weekend, blowing away box office rivals with $87.8 million in ticket sales for the US and Canadian debut of new movie "Skyfall" for the biggest opening in the franchise's history.
"Skyfall", the 23rd official James Bond movie, has become the most successful film in British box office history, earning 94.3 million pounds (US$152 million), its producers said today.
British singer Adele will return to the stage next month after a year absence to perform her Oscar-nominated song "Skyfall" at the 85th Academy Awards, the show's producers said.
James Bond actor Daniel Craig has dressed in drag for a short film about sexual equality made to coincide with International Women's Day.
Grammy-winning British singer Adele is adding Bond girl to her superstar resume by signing on to write and sing the theme of the latest James Bond film "Skyfall" - her first song to be released since her best-selling heartbreak album "21" - Columbia Records said in a statement.
"Skyfall" set the record for the biggest UK weekend box office takings of any James Bond film, its producers said.
Argentina went to an appeals court in New York to challenge the ruling of US Judge Thomas Griesa, who last week issued a decision that raised the spectre of a technical default.