BUENOS AIRES/NEW YORK (Reuters) – Argentina on Monday appealed a U.S. court order to pay $1.3 billion to investors who rejected two debt restructurings tied to its 2002 sovereign debt crisis, amid fears that the country faces another default.

U.S. District Judge Thomas Griesa last week ordered Argentina to deposit the money before December 15 to pay the “holdout” creditors, a move that could jeopardize payments to bondholders who participated in the 2005 and 2010 debt swaps.

BUENOS AIRES/NEW YORK (Reuters) – Investors holding $1 billion worth of restructured Argentine debt filed an emergency motion in a U.S. federal appeals court on Monday to fight a ruling that they fear could prevent payment on their bonds and trigger a new default.

The move came as Argentina makes a last-ditch attempt this week to stall the U.S. court ruling that has shaken the nation’s strategy to put a 2002 debt crisis behind it and fueled fears of a fresh default.

BUENOS AIRES/NEW YORK, Nov 26 (Reuters) – Argentina will
make a last-ditch attempt this week to stall a U.S. court ruling
that has shaken the nation’s strategy to put a 2002 debt crisis
behind it and fueled fears of a fresh default.

A decade since it staged the biggest sovereign default in
history, Argentina faces a stark choice between depositing $1.3
billion before Dec. 15 to pay “holdout” creditors who rejected
two debt restructurings, or jeopardizing payments to all its
bondholders.

NEW YORK (Reuters) – Investors holding $1 billion worth of restructured Argentine debt say they are preparing to appeal a U.S. court ruling that they fear would trigger another default and prevent them from being paid principal and interest due on their bonds next month.

U.S. District Judge Thomas Griesa ordered late on Wednesday that Argentina immediately pay a separate group of holdout investors who rejected two debt restructuring offers the $1.33 billion in judgments they have won in court, a stinging blow to the country’s efforts to overcome a 2002 debt crisis.

NEW YORK (Reuters) – Argentina suffered a stinging blow late on Wednesday, when a New York federal judge, citing threats by the country’s leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.

In an ruling delivered just as the United States headed off for its Thursday Thanksgiving holiday, U.S. District Judge Thomas Griesa rejected Argentina’s request to maintain his previous order halting payments to holdout investors who did not participate in two bond exchanges of defaulted sovereign debt.

NEW YORK (Reuters) – The euro climbed to a 6-1/2-month high on the yen and rebounded versus the dollar in choppy trading on Wednesday as comments by Germany’s chancellor spurred optimism European leaders will reach an agreement on Greek funding.

Europe’s common currency dropped earlier after Greece’s international lenders failed to reach agreement on releasing emergency aid as they haggled over how to reduce the country’s debt to a sustainable level.

NEW YORK (Reuters) – The euro climbed to a 6-1/2-month high on the yen and rebounded versus the dollar in choppy trading on Wednesday as comments by Germany’s chancellor spurred optimism European leaders will reach an agreement on Greek funding.

Europe’s common currency dropped earlier after Greece’s international lenders failed to reach agreement on releasing emergency aid as they haggled over how to reduce the country’s debt to a sustainable level.

NEW YORK, Nov 21 (Reuters) – Fitch Ratings downgraded Cyprus
by two notches on Wednesday and pushed it further into junk
territory, assigning a BB-minus credit rating because of its
weaker macroeconomic outlook.

The credit outlook remains negative, Fitch said in a
statement.

“The downgrade of Cyprus’s sovereign ratings reflects the
materially weaker macroeconomic outlook, a fiscal budget that
has significantly underperformed expectations and the continued
high level of uncertainty over the costs associated with bank
recapitalization,” Fitch said.

NEW YORK, Nov 20 (Reuters) – The yen slid to seven-month
lows against the U.S. dollar on Tuesday and fell nearly as low
against the euro on expectations that Japan’s central bank will
be pushed to move aggressively to try to weaken the yen with
looser monetary policy.

The euro slipped against the greenback after a downgrade of
France’s sovereign credit rating late on Monday, which had been
expected, undercut optimism that euro-zone ministers would
release funds needed for Greece to pay its debt.

NEW YORK (Reuters) – Expectations that Japan’s central bank will be pushed to move aggressively to try to weaken the yen with looser monetary policy pulled the Japanese currency to seven-month lows against the U.S. dollar on Tuesday and nearly as low against the euro.

The euro’s value against the greenback dropped modestly after an expected downgrade to France’s sovereign credit rating late on Monday undercut optimism that euro zone ministers would release funds needed for Greece to pay its debt.