Wednesday, July 30, 2014
Argentina hours away from bond default
(BBC) Argentina's economy minister Axel Kicillof has returned to the negotiating table in a last-ditch attempt to prevent the country defaulting on its bonds.
Mr Kicillof's talks with "hold-out" investors ended late on Tuesday night in New York without agreement.
They are demanding a full pay-out of $1.3bn (£766m) on the bonds they hold.
A US judge has ruled that the "hold-outs" must be paid by Wednesday night if no deal is agreed.
But thousands of miles away in Buenos Aires, many are sceptical that there can be any agreement.
Read full article here.
Labels:
Latin America,
World News
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