19/04/2013 | Argentina

Vulture funds reject Argentina's payment offer

Vulture funds have rejected Argentina’s debt payment offer over defaulted bonds renewing its position that the South American country fulfill its 1.3 billion dollar pay obligation.

26/03/2013 | Argentina

US appeals court declines to rehear Argentina bond case

A US appeals court denied Argentina's request to have all the judges on its court reconsider a ruling that favored creditors who did not participate in its two debt restructurings.

30/03/2013 | Argentina

Argentina holds ground in bond payment offer

Argentina is pitching an alternative payment formula to a US appeals court that would allow it to resolve litigation with creditors holding defaulted bonds for which they are demanding to be paid $1.33 billion.

30/03/2013 | Argentina

Gov't: 'We'll keep on meeting debt obligations'

Vice President Amado Boudou, Economy Minister Hernán Lorenzino, deputy Economy Minister Axel Kicillof and Finance Secretary Adrián Cosentino held a press conference defending Argentina’s stance at the US appeals court over the country’s dispute with “vulture funds”.

27/11/2012 | Argentina

Fitch downgrades Argentina on 'probable default'

Fitch Ratings agency announced it has downgraded Argentina's long-term foreign currency Issuer Default Rating from "B" to "CC," with a negative outlook, as it sees a "probable default" if the country misses its payment to holdout investors.

28/11/2012 | Argentina

US Appeals Court's ruling

27/02/2013 | Argentina

Argentina urges 'workable' solution to bondholder fight

Argentina's defence urged a US appeals court today to come up with a "workable" solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.

16/11/2012 | Argentina

Argentina to give response over vulture funds in New York

Argentine legal representatives in New York will present today before District Judge Thomas Griesa, their defence regarding the current stance of the vulture funds.

22/11/2012 | Argentina

US court orders Argentina to pay bond holders in 'vultures' row

Argentina suffered a stinging blow late last night, when New York federal judge Thomas Griesa, citing threats by the country's leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.

22/11/2012 | Argentina

De Vido accuses former economy ministers of 'giving away Argentina’s sovereign jurisdiction'

Planning Minister Julio De Vido was the first Cabinet member to come on stage today after the ruling against Argentina over vulture funds.

28/03/2011 | Argentina

Griesa rules in favour of Argentina again

Argentina managed to win another judicial battle in a New York court in a lawsuit filed by bondholders who saw their accusations rejected, after insisting that the Banco Nación was Argentina’s “alter ego” and was therefore liable in the nation’s defaulted debt case.

26/10/2012 | Argentina

US court rules against Argentina over debt fix

A US appeals court said Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.

05/11/2012 | Argentina

'Argentina to fight US court ruling on debt,' Lorenzino says

Argentina will use all legal means to defend its position against a US court ruling that would force the country to repay creditors who sued to collect on defaulted Argentine bonds, Economy Minister Hernan Lorenzino said.

28/11/2012 | World

US Appeals Court grants emergency halt on Argentine bond payment

A US appeals court yesterday granted an emergency stay order that gives Argentina more time to argue against making a $1.33 billion payment to investors who rejected two debt restructurings in the nation's 2002 sovereign debt default.

10/12/2012 | World

Greece extends buyback offer to reach target

Greece has extended its offer to buy back debt until tomorrow, seeking more bids from bondholders after falling just short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion euros.

07/03/2012 | World

Athens gives private creditors two days to decide on Greek bailout

Athens turned up the heat on its creditors as it sought to secure a bond swap that will cut its mountainous debt. The Greek government gave private creditors until Thursday night to say whether they will participate in the exchange that is a key part of a bailout programme to help Greece manage its mountainous debt.

09/11/2012 | World

Griesa urges Gov't to revise position, pay to vulture funds

US Judge Thomas Griesa urged Argentina to comply with the recent ruling which orders to compensate the bondholders that did not participate in both debt restructuring of the country.

26/11/2012 | World

Bond-holders appeal US court ruling too

Investors holding US$1 billion worth of restructured Argentine debt appealed to US Distrct Judge Thomas Griesa’s ruling that they fear would trigger another default and prevent them from being paid principal and interest due on their bonds next month.

23/01/2012 | World

Euro zone ministers reject private bondholders' Greece offer

Euro zone finance ministers rejected as insufficient an offer made by private bondholders to help restructure Greece's debts, sending negotiators back to the drawing board and raising the threat of Greek default.

20/02/2012 | World

Second Greek bailout in reach, funding gap narrows

Euro zone finance ministers, locked in marathon overnight talks, inched towards approving a second bailout for debt-laden Greece that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy.

05/03/2012 | World

Top lenders back Greek bond swap plan

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.