By Daniel Bases NEW YORK (Reuters) - Argentina's prospects for finally closing out its 12-year-old default on $100 billion (£58.94 billion) of debt will depend on more political and legal manoeuvring, a motivated U.S. judge and the fatigue of investors, now that it has lost an epic battle with holdout creditors in the U.S. courts. Negotiating a new deal with the holdouts, who have fought to exercise their investor rights through the courts, potentially violates a provision specifically written Read more [...]

By Sarah Marsh and Eliana Raszewski BUENOS AIRES (Reuters) - Argentina's battle with investors who rejected its proposals to restructure debt risks pushing the nation into a new default that would wreck its attempts to return to credit markets but not have the same economic effect as its catastrophic 2001-02 default. The U.S. Supreme Court declined on Monday to hear Argentina's appeal against lower court rulings that ordered it to pay in full the hedge funds which refused 2005 and 2010 debt swaps Read more [...]

BUENOS AIRES, Argentina — The Argentine economy minister said Tuesday the government is working on a debt swap that would make payments in Argentina to creditors who accepted previous debt restructurings.The move came a day after the U.S. Supreme Court refused to intervene in a U.S. judge's order that would deny use of the U.S. financial system to Argentina unless it first pays off holders of defaulted bonds who didn't accept previous debt swaps.The Read more [...]