Faith in President Mauricio Macri has rewarded holders of Argentina’s utility bonds.Benchmark notes from the country’s two biggest power providers, known as Edenor and Transener, have surged at least 18 percent since Macri’s surprisingly strong showing in the first round of presidential elections on Oct. 23, compared with losses of 1.5 percent for emerging-market peers. Investors piled into the bonds on wagers that Macri would end a cap on electricity rates that allowed the companies just Read more [...]

ROME Feb 4 Arbitration at the World Bank between Argentina and Italian creditors will be put on hold for four months to give the Argentine parliament time to ratify a deal on defaulted debt, the head of a bondholder association said on Friday.Nicola Stock, the president of Task Force Argentina, said if Argentina's Congress did not agree to the accord, which offers some $1.35 billion in cash to the Italian creditors, then the arbitration at the International Centre for Settlement of Investment Read more [...]

BUENOS AIRES, Feb. 3 (Xinhua) -- Argentinean tennis player Juan Martin del Potro, who won the US Open in 2009, confirmed Wednesday that he is making his return to the ATP World Tour after almost a year of inactivity. "I will be in Delray Beach. I am very happy to get back to playing. I do ask for your patience as my return to the courts is part of my rehabilitation," said Del Potro in a video published on his official YouTube account. His return will take place on February 15 at the Delray Beach Read more [...]

NEW YORK Feb 3 Sovereign debt settlement talks between the government of Argentina and holdout bondholders stemming from the historic default in 2002 made further progress on Wednesday, the court appointed mediator, Daniel Pollack, said in a statement."Some progress was made today. Discussions will continue tomorrow," Pollack said. Thursday's discussions between Argentine Finance Secretary Luis Caputo and various holdout investors would mark the fourth straight day of meetings between the two Read more [...]

Driving on a highway or a 4-lane road is pretty easy, but when you are on a tight 2-lane road, things can get really intense and dangerous, especially when you are trying to pass trucks that end up blocking your view of the opposing lane. As you know, Samsung doesn’t live only on smartphones and tablets, and back in July they came up with a neat and relatively simple solution to this problem by installing a camera on the front and a huge panel made of 4 TVs on the back of trucks so drivers Read more [...]

FreshPlaza: Global Fresh Produce and Banana News

London Irish CEO Bob Casey and Ireland Coach Joe Schmidt [Picture: Malcolm McNally]JOE SCHMIDT is obsessed with the size of the challenge ahead. And he makes no secret of it, either. Three times last week he was asked about the prospect of going where no rugby team had ever gone before, to a third outright Six Nations title, and three times he doffed his cap to the Welsh. We don’t even talk about a Six Nations campaign. We can’t start looking any further ahead than this Sunday. Wales come into Read more [...]

Argentina reaches deal with holdouts February 3, 2016 8:30 pm Tweet BUENOS AIRES: Argentina’s new government said on Tuesday (Wednesday in Manila) that it had reached its first settlement with “holdout” bondholders, a group of some 50,000 Italian investors whose bonds were defaulted on in 2001. Finance Minister Alfonso Prat-Gay said a preliminary deal was struck to settle their claims on about $900 million worth of bonds, by Read more [...]

(Adds comments from Argentine finance secretary paragraphs 6-8)By Richard Lough and Stefano BernabeiBUENOS AIRES/ROME Feb 2 Argentina has reached a deal to pay $1.35 billion in cash to a group of Italian creditors who hold unpaid sovereign debt stemming from the South American country's record default in 2002, the investors said on Tuesday.The deal, which is subject to approval in Argentina's Congress, represents a payment of 150 percent on the $900 million principal value of the defaulted bonds."That Read more [...]

Argentina announced Tuesday that it reached a $900 million preliminary accord to settle its pending debt with 50,000 Italian holders of defaulted Argentine government bonds."It represents approximately 15 percent of the debt that remained outside the (rescheduling) accords," Finance Minister Alfonso Prat-Gay told a press conference.He said that the agreement reached with Italian bondholders includes the Argentine government's acknowledgement of the debt "and reasonable interest."A joint Read more [...]