Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Argentina says sending officials to New York debt talks on Monday

Send a link to a friend  Share

[July 28, 2014]  BUENOS AIRES (Reuters) - Argentina will send a negotiation team to New York on Monday for further talks with a U.S. court-appointed mediator in its debt dispute with "holdout" investors, cabinet chief Jorge Capitanich said, with just three days left to avert a default.

Argentina has until Wednesday to either pay the New York hedge funds suing for full repayment on their bonds or reach a deal.

Otherwise, barring a suspension of the court-ordered July 30 deadline, Argentina will default for the second time in 12 years.

It was not clear from Captinich's comments when the Argentine officials would arrive in New York.

(Reporting by Richard Lough Editing by W Simon)

[© 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top