The first public opinion poll released since Argentina's Sunday presidential election and ahead of the 22 November runoff indicates that the opposition candidate Mauricio Macri is a few points ahead of incumbent Daniel Scioli in a tight race but still with a large percentage who remain undecided.
President Cristina Fernandez administration has high hopes that the US Supreme Court will take its long running litigation case with holdout hedge funds that refused to accept sovereign debt rescheduling after Argentine defaulted in 2001.
European financial regulators approved the outlines of the Argentine swap offer on up to 20 billion US dollars in defaulted bonds, putting Argentina a step closer to launching the exchange. The country aims to return to international debt markets by striking a deal with “holdout” creditors who rejected a tough 2005 restructuring of nearly 100 billion US dollars in defaulted debt.