Tag: debt swamp

• Tuesday, November 2nd 2021 - 19:03 UTC

  Glasgow's COP26: Argentine President insists on issues already outlined in Rome

  

  Argentine President Alberto Fernández Tuesday appeared before the Glasgow Climate Change COP26 Summit with the same proposal he made days earlier in Rome during the G20 Summit.

• Friday, August 22nd 2014 - 08:20 UTC

  Nobel Prize Stiglitz sides with Argentina in reopening the debt swap

  

  In an interview with Argentina’s daily 'Ambito Financiero', Nobel Economics laureate Joseph Stiglitz considered the Argentine government’s move to reopen the debt swap and replace the Bank of New York Mellon with local Banco Nacion as trustee a “good call” saying the reopening would not be mandatory, “voluntarily” inviting bondholders to join the strategy.

• Thursday, August 21st 2014 - 07:07 UTC

  Aurelius Capital brands Argentine leaders 'outlaws' for flouting US courts orders

  

  One of two hedge funds that sued Argentina over defaulted bonds branded the country's leaders “outlaws” on Wednesday after Buenos Aires moved to shift its bond payment method.

• Thursday, August 14th 2014 - 06:11 UTC

  Argentina: US dollar reaches a new record of 13.15 Pesos in Buenos Aires 'blue' market

  

  The US dollars climbed to a record 13.15 Pesos on the black or 'blue' market on Wednesday trading as fears mount regarding the outcome of the holdout bonds conflict with the New York court. The official dollar rate closed at 8.2750 Pesos.

• Thursday, July 17th 2014 - 05:49 UTC

  Holdout funds claim in ads campaign that Argentina is choosing default scenario

  

  The American Task Force Argentina (ATFA), the group the government of President Cristina Fernandez has officially accused of being funded by same holdout creditors suing Argentina over its defaulted bonds, has resumed its advertisement campaign against Buenos Aires now saying the Kirchner administration is actually “choosing” a default scenario.

• Wednesday, July 9th 2014 - 08:21 UTC

  Kicillof blasts holdouts: “they never negotiated or lent money to Argentina”

  

  Argentine Economy minister Axel Kicillof responded fiercely to criticisms directed at him and the Argentine government by Elliott Management portfolio manager Jay Newman, reminding the representative of the holdout investors that they have never lent a cent to Argentina.

• Thursday, June 19th 2014 - 02:26 UTC

  Griesa does not trust Cristina Fernandez and condemns the word “extortionist”

  

  US Judge Tomas Griesa said on Wednesday that the televised speech delivered by President Cristina Fernández on Monday after the US Supreme Court declined to hear an appeal by Argentina in its battle against the holdouts was “a problem” for negotiations and implied he did not trust the Argentine leader.

• Wednesday, June 18th 2014 - 07:37 UTC

  Argentina plans to reopen debt swap program and will request to meet Griesa

  

  Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds held by hedge funds, after the US Supreme Court declined to take Argentina's case against the so-called 'vulture funds'.

• Monday, June 16th 2014 - 05:34 UTC

  Argentina hopeful US Supreme Court will take the hedge funds holdouts case

  

  US Supreme Court is likely to issue a ruling in the upcoming months favoring Argentina’s position in the country’s dispute against hedge funds ('vulture funds'), anticipated former Argentine Finances Secretary Guillermo Nielsen.

• Monday, June 2nd 2014 - 07:33 UTC

  Argentina confident US Supreme Court will take its litigation case with hedge funds

  

  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.