United States

Thursday, July 24th 2014 - 22:55 UTC
Speculative funds denies any request to temporary suspend payment order

Argentine debt holdout investor Mark Brodsky, chairman of Aurelius Capital Management, said his group will not ask US Judge Thomas Griesa to suspend his payment order, after a story in Argentina's La Nacion newspaper on Thursday suggested that Paul Singer’s NML Capital Ltd could ask Griesa to reinstate the stay of injunction as requested by Argentina.
Thursday, July 24th 2014 - 07:01 UTC
In defiant speech CFK openly brushes aside any default “because Argentina has paid”

In a defiant speech President Cristina Fernández reiterated on Wednesday that Argentina will “not fall into default” and warned that “they will have to invent a new word” to explain how a country has paid its debt and “someone blocked it”.
Wednesday, July 23rd 2014 - 06:51 UTC
Argentina claims Griesa is blocking bondholders money and using 'vulture funds' language

Argentina reacted strongly to Tuesday's events in the New York federal court which denied its stay request, claiming Judge Thomas Griesa “did not solve absolutely any of the issues for which he summoned today's audience”, insisting with his “unbelievable ban” on structured bonds' collecting their payment.
Wednesday, July 23rd 2014 - 06:42 UTC
Holdouts want to sit down with Argentina and solve the dispute; 'countdown clock'

Following on Tuesday's audience with Judge Thomas Griesa, NML Capital the leading speculative fund litigating with Argentina, issued a release saying “it is willing to hold a meeting with 'Special Master' Daniel Pollack and Argentina to solve the dispute”.
Wednesday, July 23rd 2014 - 01:10 UTC
Griesa rejects 'stay'; orders Argentina and holdouts to meet 'round the clock' to reach a deal

US Judge Thomas Griesa rejected on Tuesday Argentina’s request for a suspension ('stay') on the ruling that ordered Buenos Aires to pay 1.3 billion dollars plus interests to holdout speculative funds and instructed Argentina and holdouts to meet on Wednesday morning for a first face-to-face meeting.
Tuesday, July 22nd 2014 - 06:49 UTC
Argentina again requests stay ruling from Judge Griesa to pay restructured bondholders

Argentina asked U.S. judge Thomas Griesa on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country's 2002 default, while it seeks a “global resolution.”
Friday, July 18th 2014 - 07:32 UTC
US confirms six Guantanamo prisoners will be transferred to Uruguay

President Barack Obama's administration has discretely notified Congress of its intention to transfer to Uruguay six prisoners from the U.S. base in Guantanamo, Cuba, according to the State Department.
Thursday, July 17th 2014 - 07:20 UTC
CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.
Thursday, July 17th 2014 - 07:14 UTC
CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”
Thursday, July 17th 2014 - 06:15 UTC
Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.