Argentina

• Thursday, July 31st 2014 - 07:05 UTC

  Kicillof blames Judge Griesa for the 'no-deal' situation with holdouts

  

  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.

• Thursday, July 31st 2014 - 07:01 UTC

  Argentine football decrees 7-day mourn for Grondona's death; Blatter expected for the funeral

  

  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.

• Thursday, July 31st 2014 - 06:55 UTC

  Argentine private banks discussing bond purchase from holdouts

  

  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.

• Thursday, July 31st 2014 - 01:15 UTC

  “Argentina will imminently be in default: no agreement was reached”, said Pollack

  

  “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 citizen will be the real and ultimate victim”.

• Wednesday, July 30th 2014 - 08:02 UTC

  Argentine private banks prepared to buy holdouts' credit; Kicillof/Pollack talks to continue today

  

  “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 Argentina could again fall into default.

• Wednesday, July 30th 2014 - 07:10 UTC

  Cristina Fernandez thanks Mercosur support and again attacked Judge Griesa

  

  President Cristina Fernández addressed fellow heads of state at the Mercosur summit in Caracas, where she thanked members of the bloc for their support over the ongoing fight with holdout investors in the New York courts and underlined that Argentina “has paid debt obligations religiously”.

• Wednesday, July 30th 2014 - 01:26 UTC

  Tevez' father victim of a double crime, released after paying ransom

  

  The father of Juventus forward Carlos Tevez, Segundo Tevez, has been released after being kidnapped for more than eight hours in the city of Morón, in Buenos Aires province. The player later thanked those who had sent their support during the ordeal.

• Tuesday, July 29th 2014 - 06:59 UTC

  Pollack confirms meeting with Argentina on Tuesday, 24 hours before 'D' day

  

  Argentina will sent a negotiation team to New York on Monday for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with “holdout” investors, Cabinet Chief Jorge Capitanich said earlier, with just two days left to avert a default.

• Tuesday, July 29th 2014 - 05:43 UTC

  Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

  

  A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.

• Tuesday, July 29th 2014 - 05:35 UTC

  “ Argentina Dances With Default”, warns The Wall Street Journal

  

  As Argentina approached the deadline for another default, second in twelve years, the governments of President Cristina Fernandez is trashing a U.S. judge rather than repay creditors, underlines an editorial column from The Wall Street Journal.