Pressure builds on Argentina talks

Pressure builds on Argentina talks


Time constraints are adding pressure to talks between Argentina and holdout creditors, market participants said after the sovereign’s failed attempt to wire funds to restructured bondholders last week. US District Court Judge Thomas Griesa blocked Argentina’s attempt to wire $539m to restructured bondholders through BNY Mellon, ordering the bank to return the funds to the sovereign on Friday. A court decision earlier this month means the sovereign must reach a deal with holdout creditors before

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