Tag: hedge funds

Friday, June 20th 2014 - 07:21 UTC
After all: Argentina seems willing to start discussions with Griesa and hedge funds

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

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.
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 - 07:59 UTC
Argentine industrial and financial community call for 'dialogue' with holdouts

Argentina's industrial union and bank associations expressed their deep concern regarding Monday's US Supreme Court refusal to take the long standing case with the holdout hedge funds, and all called for a solution appealing to dialogue.
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'.
Tuesday, June 17th 2014 - 07:15 UTC
Argentina will pay 92% of restructured bonds, hopefully 100% of debt, but will not accept extortions

President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.
Monday, June 16th 2014 - 05:38 UTC
Support for Argentina's 'Malvinas question' in the G77 plus China summit

The G77 plus China extraordinary summit which took place in Bolivia over the weekend approved two statements in support of Argentina's position in the 'Malvinas Islands question' and a second referred to the current conflict with holdout hedge funds, a long running litigation that has reached the US Supreme Court. Argentine president Cristina Fernández attended the Santa Cruz de la Sierra event.
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.
Friday, June 13th 2014 - 08:26 UTC
US Supreme Court decision of Argentina/hedge funds case delayed until Monday

The US Supreme Court will reveal its decision on Argentina's request regarding litigation with the hedge funds case on Monday at 10.30am, after deliberating on Friday behind closed doors. A final outcome could arrive as late as next year though, if the judges decide to ask the US government for an opinion on the case before ruling.
Wednesday, June 11th 2014 - 06:42 UTC
Cristina Fernandez opens Malvinas museum, a living commitment to end colonialism

Argentine President Cristina Fernández had strong words for the UK government, as she headed on Tuesday the inauguration of the Malvinas Museum at the ex-ESMA detention centre, where thousands were illegally held prisoners and tortured during Argentina’s 1976-1983 military dictatorship.