The Argentine government announced late yesterday that the country’s Economy Minister will be in New York today, heading a team that is hoping to settle the long running dispute over hedge fund debts. A US court has ordered Argentina to pay $1.3 billion to the hedge fund ‘holdouts’ that had refused to accept a deal for a lower-than-face-value payout. Complications with repayments mean that unless the issue is resolved by the end of this month, the country will be in default. Read the full story.
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