The Argentine government announced late yesterday that the country’s Economy Minister will be in New York today, heading a team that is hoping to settle the long running dispute over hedge fund debts.
The Argentine government announced late yesterday that the country’s Economy Minister will be in New York today, heading a team that is hoping to settle the long running dispute over hedge fund debts. A US court has ordered Argentina to pay $1.3 billion to the hedge fund ‘holdouts’ that had refused to accept a deal for a lower-than-face-value payout. Complications with repayments mean that unless the issue is resolved by the end of this month, the country will be in default. Read the full story.
