United States

Tuesday, July 1st 2014 - 23:57 UTC
Argentina's Paris Club and Repsol debt deals possible accord path, hint holdout funds

One of the holdout hedge funds involved in the lawsuit against the Argentine government over pending debt from the 2001 bonds default, pointed out on Tuesday that the agreements struck by Argentina with Spanish oil and conglomerate Repsol and the Paris Club are good examples for the basis of an eventual understanding.
Tuesday, July 1st 2014 - 08:16 UTC
Obama and 'second favorite Michelle' exchange praise at the White House

President Barack Obama and Chilean President Michelle Bachelet pledged to work together to strengthen the ties between both nations, including projects on energy, education and free trade. Obama met in the Oval Office on Monday with Bachelet, whom he called his second favorite Michelle.
Tuesday, July 1st 2014 - 07:14 UTC
Argentina confirmed Monday 7 July negotiations with hedge funds as instructed by Griesa

Argentina confirmed that next Monday, 7 July it will hold a meeting with “Judge Thomas Griesa delegate, Daniel Pollack”, in the framework of the current litigation with speculative funds, according to a Monday release from the Ministry of Economy in Buenos Aires.
Monday, June 30th 2014 - 05:47 UTC
OAS Permanent council expected to consider Argentina/hedge funds conflict

The Argentina litigation with holdout hedge funds will have an additional ingredient this Monday when the Organization of American States, OAS, Permanent Council holds an extraordinary session, on a special request from Argentina, to consider a consultation meeting of foreign ministers to address the issue of sovereign debt restructuring.
Monday, June 30th 2014 - 02:40 UTC
Bachelet delays trip to Washington to receive national football team

Chilean president Michelle Bachelet welcomed the national football team at Government House on Sunday afternoon thus delaying for a few hours her trip to the United States where on Monday she is scheduled to meet with President Barack Obama at the White House.
Saturday, June 28th 2014 - 10:57 UTC
Argentina claims Judge Griesa “blocked the payment to bondholders”

Through an official press release published on Friday afternoon, the Argentine government stated US Federal Judge, Thomas Griesa, attempted to “block the payment for bondholders,” and committed an abuse of authority, after cancelling the deposit made on Thursday into a Bank of New York account.
Friday, June 27th 2014 - 08:35 UTC
Judge Griesa calls Argentina and hedge funds for a hearing on Friday

A US judge has scheduled a hearing for Friday after hedge funds suing to collect on defaulted debt issued by Argentina complained about the country's plans to make a payment to creditors who participated in its past restructurings.
Friday, June 27th 2014 - 07:53 UTC
Argentina announced Thursday it had deposited restructured bonds' payments

Argentina announced on Thursday morning it had deposited a billion dollars to honor restructured bonds' 30 June payment and at the same again asked for a new stay from New York Judge Thomas Griesa on the 'pari passu' ruling that forces the country to also pay holdouts 100% of defaulted bonds face value.
Friday, June 27th 2014 - 07:42 UTC
US Supreme Court rules police need a warrant to search cell-phone of arrested suspects

The US Supreme Court ruled that police officers usually need a warrant before they can search the cell-phone of an arrested suspect, a major decision in favor of privacy rights at a time of increasing concern over government encroachment in digital communications.
Thursday, June 26th 2014 - 04:40 UTC
UN agency warns Argentina debt ruling does not comply with US sovereign immunities act

The United Nations trade and development agency UNCTAD said on Wednesday in a rare release that the recent U.S. court ruling on Argentina's debt erodes sovereign immunity and does not comply with the country's own U.S. Foreign Sovereign Immunities Act.