United States

United States
Wednesday, June 25th 2014 - 06:46 UTC

Argentina waiting for Judge Griesa's reply on the 'stay' request

 Carmine D. Boccuzzi presented the letter requesting the stay and a reasonable timeframe for these kinds of negotiations  (Pic gettyimagines)

The government of President Cristina Fernandez awaits Judge Griesa's decision after the request to issue a stay on the ruling that orders Argentina to pay all the bondholders at the same time, Argentine Cabinet Chief Jorge Capitanich said in his daily press briefing at Government House on Tuesday.

Tuesday, June 24th 2014 - 23:52 UTC

Unasur sides with Argentina and warns about “global financial stability”

The behavior of speculative agents “endanger the agreements reached between debtors and creditors”

The Union of Southern Nations (UNASUR) expressed its solidarity with Argentina after US Supreme Court decision to dismiss the country’s appeal in its legal dispute with holdout hedge funds, rejecting “the behavior of speculative agents that endanger the agreements reached between debtors and creditors”.

Tuesday, June 24th 2014 - 06:54 UTC

Griesa appoints mediator for talks between Argentina and holdout hedge funds

Daniel Pollack was named as “special master to conduct and preside over settlement negotiations”

New York district court judge Thomas Griesa on Monday appointed a Manhattan attorney to supervise talks between Argentina and hedge fund holdout bondholders after the government of President Cristina Fernandez asked him to organize negotiations with its creditors.

Tuesday, June 24th 2014 - 06:42 UTC

Argentina requests a 'stay' order on the ruling favoring holdout creditors

“We consider it essential that Judge Griesa issue a stay so that Argentina can continue paying the holders of restructured bonds”, said Kicillof

Argentina asked a U.S. judge on Monday to issue a stay of his ruling against the country in its case against “holdout” creditors as it sought to avoid a possible new default. The country is in a 12-year-old legal fight with investors who declined to participate in bond restructurings (2005 and 2010) after the country defaulted on 100 billion dollars in sovereign debt in 2002.

Monday, June 23rd 2014 - 04:27 UTC

Argentina takes its differences with Judge Griesa to the US main journals

“Argentina wants to keep paying its debt, but they won't let it” reads the heading of the ads in the leading US journals

Argentina on Sunday took its battle against paying hedge fund investors in its defaulted bonds to the US media, placing adverts in major newspapers demanding US courts help foster “fair and balanced” negotiations.

Saturday, June 21st 2014 - 09:45 UTC

Strong warning to Argentina from Griesa regarding payment of bondholders

US Federal Judge Thomas Griesa

US Federal Judge Thomas Griesa, ratified on Friday through an official letter that Argentina’s proposal to carry out a debt exchange and pay its bondholders in Buenos Aires represents a “violation of the rulings and procedures.”

Saturday, June 21st 2014 - 09:31 UTC

Cristina Fernandez calls for negotiations: “we want to pay 100% of creditors”

On Friday at the foot of the National Flag monument, Cristina Fernandez left aside the harsh rhetoric and called for dialogue

In a conciliatory speech compared to previous statements, President Cristina Fernandez said on Friday her government would negotiate with all of Argentina's creditors in a bid to avoid a new debt default that would further weaken the country's ailing economy.

Friday, June 20th 2014 - 07:21 UTC

After all: Argentina seems willing to start discussions with Griesa and hedge funds

President Cristina Fernandez rhetoric and defiant speeches are immediately reported to Judge Griesa

After a day of fury and discussions with cabinet members, advisors and experts, Argentine president Cristina Fernandez will be sending a government delegation to New York to meet Judge Thomas Griesa and the hedge funds holdouts' solicitors and begin, hopefully, a round of negotiations to reach a settlement on the bonds litigation.

Friday, June 20th 2014 - 06:42 UTC

Argentina's Supreme Court loss may serve as a wake-up call

In years gone when a country defaulted the U.S. Navy might have shown up demanding gold but nowadays it is epic legal battles.

The following piece by Charles Lane published in the The Washington Post offers an interesting debate about future bailouts and sovereign debt restructuring, following on Argentina's case.

Friday, June 20th 2014 - 06:19 UTC

Mujica delivers Obama message to Castro: 'let's talk about lifting the trade embargo”

Mujica with Obama at the White House during last month's visit to Washington

Uruguay's president Jose Mujica delivered a message from Barak Obama to Cuba's Raul Castro proposing the opening of dialogue to discuss the blockade, reported the Montevideo media on Thursday. The occasion was the recent G77 summit held in Bolivia.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!