A United States court of appeals gave Argentina until March 29 to submit a plan for the repayment of $1.33 billion in debt that the country defaulted on 11 years ago. N.M.L. Capital, a subsidiary of the New York-based hedge fund Elliott Management, is leading a lawsuit among bondholders who refused Argentina’s 2005 and 2010 debt swaps. Ninety-three percent of creditors agreed to the restructuring in which debt stemming from Argentina’s $100 billion default was exchanged for new issues at 35 Read more [...]

The Black Sticks women have fallen just short in their deciding test against Argentina, after producing some of their best hockey of the week. Argentina won 1-0 in Rosario via a first-half goal from Delfina Merino. The result gave the home side the five-match series 2-1, with two draws. It was a frustrating outcome for the New Zealanders, who impressed during the second-half against the world's second-ranked team. Coach Mark Hager says the match was similar to the 3-3 draw in the fourth Read more [...]