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Adam Jourdan

Argentina strikes $65 billion debt deal to avert hard default

Aug 04 2020

LONDON/BUENOS AIRES Argentina has reached an agreement with creditors to restructure around $65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.

EXPLAINER-Argentina's $323 billion debt conundrum

Aug 04 2020

BUENOS AIRES, Aug 4 Argentina is battling to escape from a messy ninth sovereign default as it firefights recession, stubborn inflation and increasingly wary investors.

Argentina's $65 billion debt deal draws near on eve of deadline

Aug 03 2020

BUENOS AIRES Argentina and its creditors are nearing a breakthrough $65 billion debt restructuring deal, a lawmaker and two sources told Reuters on Monday, the eve of a deadline for a deal that would help avert a damaging legal standoff.

Latin America sees coronavirus records tumble as cases near 5 million

Aug 02 2020

BUENOS AIRES/ASUNCION/BOGOTA Argentina broke past 200,000 COVID-19 cases on Sunday and Colombia set a daily record as grim milestones topple in Latin America, pushing the world's worst affected region towards a combined 5 million cases.

Exclusive: Argentina may cede ground on legal terms in debt offer, not on cash flow - sources

Jul 22 2020

BUENOS AIRES Argentina could cede ground to creditors on key legal terms as it looks to strike a deal to restructure around $65 billion in foreign debt, but the government will not increase overall cash flow in the payout, two sources told Reuters.

Argentina's $65 billion debt deal inches closer despite standoff

Jul 21 2020

BUENOS AIRES/LONDON/NEW YORK Argentina and its creditors are likely to find a way to seal a $65 billion debt restructuring deal, analysts said, despite a standoff after bondholders joined forces to reject a government proposal and put forward one of their own.

Argentina creditors close ranks over debt deal as government digs in

Jul 21 2020

BUENOS AIRES/LONDON Argentina's government rejected a counterproposal from the country's three main creditor groups on Monday to revamp around $65 billion in foreign debt, doubling down on its own "final" offer as bondholders appeared to close ranks.

'Roll of the dice': Argentina creditors reject debt offer to set up heated finale

Jul 08 2020

BUENOS AIRES/LONDON Argentina's $65 billion debt restructuring talks teetered on the edge on Wednesday after two key creditor groups knocked back the country's latest "final" offer, while the government signaled that there was no room left to improve the terms.

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