NEW YORK/BUENOS AIRES (Reuters) – The U.S. Supreme Court on Monday declined to hear Argentina’s appeal seeking to overturn an order to pay holdout sovereign creditors $1.33 billion, setting off a scramble in Buenos Aires on what it can do now given its legal options are exhausted.
If Argentina cannot come to an agreement with the holdouts and pay them at the same time it pays the bondholders who participated in two prior sovereign restructurings, the South American nation will enter a technical default. Exchange bondholders hold roughly $24 billion worth of restructured debt.
NEW YORK, June 13 (Reuters) – Costa Rica’s new president,
Luis Guillermo Solis, who won a landslide victory in April after
campaigning against poverty and corruption, said in an interview
on Friday there are no plans to open a formal investigation into
his predecessor’s tenure.
Instead, Solis said he will tell the nation what he has
discovered about the government’s operations during his first
100 days in office. He took office on May 8.
#standishmellon Leduc says negative rates in Europe brings confidence, the euro’s non-move tells you mrkt expects ECB will have to do QE
NEW YORK (Reuters) – Mexican Finance Minister Luis Videgaray on Wednesday stood by his government’s recently downgraded economic growth forecast for 2014, saying activity is picking up, aided by signs of strength in the United States.
Videgaray told Reuters the gross domestic product projection of 2.7 percent implies an accelerated growth rate for the rest of the year, following a seasonally adjusted 1.1 percent GDP figure in the first quarter.