By Richard Lough, Eliana Raszewski and Daniel Bases BUENOS AIRES/NEW YORK (Reuters) - Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it or win a reprieve from a U.S. court, as a surge in the country's bond prices fed optimism that an agreement was possible. Attorneys for holdout hedge funds awarded $1.33 billion plus interest by a U.S. court arrived for talks at the New York offices of court-appointed mediator Daniel Pollack on Wednesday morning, with hours to go Argentina faces its second default in 12 years. Argentine Economy Minister Axel Kicillof arrived shortly after 11 a.m. EDT (1500 GMT) for the talks. "It's trading like there's a deal," said a fund manager who holds Argentina's restructured debt and requested anonymity.
from Business News Headlines - Yahoo! News http://ift.tt/1oJd3mP
via
IFTTT
No comments:
Post a Comment