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Tuesday, 30 September 2014

Argentina deposits debt payment in defiance of U.S. court

Argentina's Economy Minister Kicillof speaks during a news conference in Buenos Aires By Jorge Otaola BUENOS AIRES (Reuters) - Argentina deposited a $161 million bond interest payment with a newly appointed local trustee on Tuesday, the Economy Ministry said, defying a U.S. judge who held it in contempt a day earlier for taking illegal steps to meet its debt obligations. The South American country wants to show it can service its debt and that its failure in July to complete a payment to holders of bonds that were restructured after its 2002 default was the result of adverse U.S. judicial rulings. ...








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