Tag: Vulture funds

• Saturday, November 17th 2012 - 23:29 UTC

  Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa

  

  Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.

• Saturday, November 17th 2012 - 23:09 UTC

  IMF questions plan to restructure Greek debt: “pls reality, not wishful thinking”

  

  An agreement among Greece's international creditors on reducing its large debt pile should be “rooted in reality and not in wishful thinking,” the head of the International Monetary Fund said ahead of a tense meeting with European leaders.

• Friday, November 16th 2012 - 01:52 UTC

  Africa and Latin America Still Fight Vulture Funds

  

  By Hector Timerman - Foreign Minister Héctor Timerman underlined Argentina’s struggle against paying ‘vulture funds’ in an article written for US newspaper Huffington Post about how Latin American and Africa are affected by these funds.

• Wednesday, November 14th 2012 - 23:44 UTC

  Holdout bonds’ ruling: Argentina files a retrial petition at the US Court of Appeals

  

  Argentina filed on Tuesday a petition for a retrial at the US Second Circuit Court of Appeals over a debt ruling that would force the country to pay holdout creditors owning bonds in default since 2002.

• Tuesday, November 13th 2012 - 00:07 UTC

  Argentine deadline to Ghana for release of ARA Libertad

  

  Argentina warned on Monday that if by Tuesday Ghana does not release the retained Navy frigate ARA Libertad it will file a claim before the UN Law of the Sea International Tribunal in Germany.

• Saturday, November 10th 2012 - 06:12 UTC

  Argentine president criticizes lack of political leadership to present alternative model

  

  Reacting to Thursday massive protest against the government which convened hundreds of thousands of Argentines in the country and overseas, President Cristina Fernandez said that the real problem is the lack of a political leadership that can represent an alternative model to that which has been so successful for the majority of Argentines.

• Saturday, November 10th 2012 - 05:32 UTC

  Judge Griesa warns Argentina on defying paying holdout bondholders

  

  US District Judge Thomas Griesa told Argentina it should not even consider evading a recent ruling requiring it to pay bondholders who did not participate in two major debt restructurings after the country's 2002 default.

• Monday, November 5th 2012 - 13:02 UTC

  Argentina calls on G20 for global action against ‘predatory’ actions from ‘vulture funds’

  

  Argentine Economy Minister Hernán Lorenzino called for developed countries to set limits to ‘vulture funds’ and credit rating agencies as “promoters of the global crisis,” as he addressed the G20 Finance Ministers meeting in Mexico on Sunday.

• Sunday, November 4th 2012 - 06:24 UTC

  Argentina to blast ‘vulture funds’ at the G20 ministerial meeting in Mexico

  

  Argentine Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont are leading the country’s delegation in the technical G20 meeting in Mexico, where they are expected to insist on the government’s criticisms against ‘vulture funds’ and credit rating agencies.

• Saturday, November 3rd 2012 - 04:07 UTC

  South African minister admits a second Argentine navy vessel could be impounded

  

  When Argentina still has not recovered from the impounding of the Navy’s flagship, ARA Libertad, retained in Ghana, another piece of bad news was confirmed in Pretoria on Friday when South African Foreign minister admitted that a second navy vessel, ARA Espora, docked in Simonstown was exposed to a similar fate.