Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Argentina officials work all day at NY talks aimed at averting a default over bond crisis

Mediator Daniel Pollack arrives for a meeting in New York, Tuesday, July 29, 2014. Argentina's government says it will make another effort to make a deal with U.S. creditors ahead of a looming deadline that risks sending the country into its second default in 13 years. (AP Photo/Seth Wenig)

Enlarge Image

Mediator Daniel Pollack arrives for a meeting in New York, Tuesday, July 29, 2014. Argentina's government says it will make another effort to make a deal with U.S. creditors ahead of a looming deadline that risks sending the country into its second default in 13 years. (AP Photo/Seth Wenig)

NEW YORK, N.Y. - Argentina's economy minister says two sides locked in a dispute over the country's bonds have finally talked with one another on the eve of a deadline to avoid default.

Minister Axel Kicillof made the revelation late Tuesday as he left negotiations overseen by a court-appointed mediator.

Kicillof joined discussions aimed at reaching a deal before Wednesday night's deadline to avert Argentina's second default in 13 years.

He told reporters he had met with the mediator and lawyers for U.S. hedge funds that bought Argentina's bonds on the cheap and are now demanding payment.

A judge has ordered Argentina to pay the U.S. bondholders roughly $1.5 billion if Argentina also pays the other 92 per cent of bondholders who swapped their bonds for less valuable ones in the last decade. Talks resume Wednesday.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates