Showing posts with label hours away. Show all posts
Showing posts with label hours away. Show all posts

Wednesday, July 30, 2014

Vulture funds: Argentina hours away from bond default



Argentina’s economy minister is expected to return to the negotiating table on Wednesday in a last-ditch attempt to prevent the country defaulting on its bonds.
Axel Kicillof’s talks with “hold-out” investors ended late on Tuesday night in New York without agreement.

They are demanding a full pay-out of $1.3bn (£766m) on the bonds they hold.
A US judge has ruled that the “hold-outs” must be paid by Wednesday night if no deal is agreed.
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