Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors and special mediator Daniel Pollack ended without a settlement on Wednesday.
“Unfortunately no agreement was reached and Argentina will imminently be in default”, admitted Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and its holdout bondholders. Pollack emphasized that with default “the ordinary Argentine ...
“Special Master” Daniel Pollack, the mediator appointed by US judge Griesa to resolve the dispute between Argentina and the speculative funds' holdouts said the parts talked “face to face” for the first time and assured a new meeting will be confirmed during the day. If a deal is not reached Wednesday sunset Argentin...
Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.
Paraguay strongly objected a draft Mercosur declaration on Gaza which wanted to openly support Palestine and unilaterally condemn Israel's bombings and incursions, according to sources at the group's summit which took place Tuesday in Caracas.
The United States is imposing travel restrictions on a number of Venezuelan officials. Washington did not specify how many people would be affected, but said those who have been responsible for or complicit in human rights abuses would not be welcome in the US.
The Falkland Islands Government announced the appointment of Matt Bassford as the new Director of Central Services, succeeding Simon Fletcher who leaves the Islands this August.
The Federal Reserve said on Wednesday that US growth in economic activity rebounded in the second quarter and labor market conditions improved, with the unemployment rate declining further. However, a range of labor market indicators suggests that there remains significant underutilization of labor resources.
The head of the Argentine Football Association (AFA) and second-in-command of the FIFA international football governing body passed away at the Sanatorio Mitre private medical center where he had been hospitalized for a cardiac failure earlier on Wednesday.
The meeting between Argentine private bank representatives and the 'holdouts' over the debt held by the hedge funds has been adjourned and will be resumed on Thursday, according to Buenos Aires financial daily Ambito.com.
Federal prosecutors have asked the government of Sao Paulo to present water rationing plans for Brazil's most populous state to prevent the collapse of its main reservoir. If such plans are not presented in 10 days, the prosecutor's office said on its website it may ask courts to force rationing.
A former coach of Real Madrid has criticized the political motivation behind the Spanish Football Association and Government’s decision to block Gibraltar’s participation in UEFA. Manuel Ruiz Pérez, who worked under Bernhard Schuster during his time at Real Madrid, said that nothing good come out of mixing politics with football.
Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.
Lloyds Banking Group has been fined £218m for serious misconduct over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.
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- Griesa eases bond payments agenda; Argentina complies with the Paris Club