Argentina country risk rises after proposed foreign debt swap
Aug 27 (Reuters) - Argentina's debt insurance costs rose on Tuesday, with five-year credit default swaps rising 350 basis points a day after President Cristina Fernandez offered to exchange foreign debts for bonds paying in Buenos Aires to skirt a U.S. court ruling.
The country's risk premium rose 23 basis points to 1,098 basis points, according to J.P.Morgan's EMBI+ index.
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters press on
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Billy Joel, Shirley MacLaine feted at Kennedy Center Honors
- Singapore hit by rare outbreak of rioting, 27 arrested |