Venezuela cancels $ 3,000 million corresponding to debt bonds

Nicolas Maduro’s government canceled 3,000 million dollars corresponding to the bonds of the state oil company PDVSA in 2014, which are due today, announced on Friday the Finance Minister Brigadier General Rodolfo Marco Torres. “We count on the total amount of...

Argentine Congress debates draft legislation to pay debt

The Argentine Congress began yesterday to discuss the draft Sovereign Payment Act, which proposes the Central Bank as fiduciary agent for creditors to collect their debts in Buenos Aires, rather than in New York. Economy Minister Axel Kicillof urged the Congress to support the...

Fernandez: “Argentina will not fall into “default” because we have already paid”

Argentina’s President Cristina Fernandez said that her country will not fall into cessation of payments because it has already made ​​a deposit to the creditors of its restructured debt, although these have not received funds for litigation in New York with investment...

Argentinian Delegation travels to New York to deal with debt

An Argentinian delegation will meet today for the first time in New York with attorney Daniel Pollack, designated as mediator by Judge Thomas Griesa in the conflict of the vulture funds, which litigated against Argentina and obtained favorable rulings. “The Argentinian...

Mujica: Argentina should complain by sentence before international organism

Posing complaints to international bodies was yesterday proposed by José Mujica, Uruguayan President, following the decision of the U.S. courts to condemn Argentina to pay 100% of a debt with hedge funds. Upon being consulted about the subject, Mujica said, “Today or...

Argentina confirms its commitment to pay external debt

The president of Argentina Cristina Fernandez de Kirchner has qualified this Monday as “extortion” the Supreme Court´s decision of the United States by which the country would have to pay about 1,300 million dollars for hedge funds, known in Argentina as vulture...