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Friday, 27 June 2014

Argentina request to delay $1.65B payments denied

Argentine Economic Minister Axel Kicillof speaks during a news conference at United Nations headquarters, Wednesday, June 25, 2014. The winners of a decade-long debt battle asked a U.S. judge on Tuesday to deny Argentina's request for more negotiating time to avoid a catastrophic default. (AP Photo/John Minchillo) NEW YORK (AP) — A judge Thursday denied Argentina's request to extend deadlines to repay a $1.65 billion debt to U.S. hedge funds, leaving the nation few options and little time to meet a Monday deadline to make a required payment to the majority of its creditors.








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