United States

• Saturday, July 26th 2014 - 06:56 UTC

  Cristina Fernandez will analyze holdouts' case during her stay in Rio Gallegos

  

  President Cristina Fernandez left on Friday for Santa Cruz province, where she will stay for the weekend and analyze New York Argentine/holdouts case briefings. The Argentine delegation returned on Friday to Buenos Aires after two meetings with appointed mediator Daniel Pollack in New York, where no resolution was reached.

• Saturday, July 26th 2014 - 06:36 UTC

  Argentina/holdouts impasse remains; delegation back to Buenos Aires for instructions.

  

  Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors in New York on Friday in talks that lasted just an hour. The Argentine delegation is flying back to seek instructions from its government, mediator Daniel Pollack said, while the country's economy ministry underscored it would continue the dialogue with him over the next few days.

• Saturday, July 26th 2014 - 06:04 UTC

  Venezuelan general retained in Aruba to be extradited to the US

  

  A judge in Aruba ruled Friday that the highest-ranking Venezuelan official ever arrested on a U.S. warrant will remain behind bars pending an extradition request on drug charges. Hugo Carvajal, a former head of Venezuelan military intelligence and close confidant of the late president Hugo Chavez, was arrested upon arriving at Aruba’s airport, officials said Thursday.

• Friday, July 25th 2014 - 05:49 UTC

  Holdouts lash out at Argentina: “it is choosing to default next week”

  

  NML Capital Ltd, one of the lead holdout creditors in Argentina's sovereign bond dispute said on Thursday the Argentine government refused to negotiate through a mediator and was all but preparing to default on already restructured debt.

• Friday, July 25th 2014 - 05:36 UTC

  Argentina/holdouts will meet again on Friday; “issues remain unresolved”

  

  Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and the holdouts from speculative funds said that Thursday's meeting had failed and announced a new audience for Friday at 10:00 in the morning in New York.

• Friday, July 25th 2014 - 05:22 UTC

  “The muddled case of Argentine bonds”, as seen by New York Times

  

  The following piece was written by Floyd Norris, financial analyst from The New York Times and refers to the complicated process that has emerged from the ongoing battle between Argentina and the holdouts demanding full payment of sovereign bonds, plus accrued interests.

• Friday, July 25th 2014 - 05:14 UTC

  Argentina insists on Griesa for some insurance against the RUFO clause

  

  After failing to reach an agreement during Thursday's meeting with court-appointed mediator Daniel Pollack, Argentina reiterated that there could be no negotiations with speculative funds or 'vulture funds' until judge Thomas Griesa provides some insurance against possible liabilities related to the 'Rights upon Future Offers' (RUFO) clause.

• 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.