Posted by Muhammad Iqbal NEW YORK: Investing in distressed debt isn't supposed to be a smooth ride. Until earlier this week, US hedge fund Elliott Management had seemed close to victory in its near decade-long legal battle with Argentina over the country's defaulted debt. Then, the latest courtroom twist on Wednesday pushed the case into 2013, giving Argentina precious breathing space to rethink its strategy. Elliott founded by publicity-shy billionaire Paul Singer - remains confident its strategy Read more [...]

Other Sport Cape Town - The South Africa men’s hockey team staved off relegation in beating unpredictable Poland 4-2 (half-time 3-0) in the playoff for seventh and eighth places at the eight-country Read more [...]

By Josh Reich LONDON | Sun Dec 2, 2012 2:31pm GMT LONDON (Reuters) - A stunning victory by England over world champions New Zealand and seven tries from Ireland against Argentina were two rare high points for the home nations in the November internationals against the visitors from the south. Scotland and Wales, in particular, have plenty to ponder over the winter months after both were dumped into the third tier of teams for Monday's 2015 World Read more [...]

Buenos Aires, Argentina, December 02, 2012 --(PR.com)-- Scott Mathis, Founder of Algodon Mansion, is pleased to announce that TripAdvisor, Inc. (NASDAQ: TRIP), the world’s largest travel website, has chosen Algodon Mansion as one of the TOP 25 winners in the Best Hotels in Argentina category as well as one of the TOP 25 winners in the Best Hotels in South America category by TripAdvisor in its 2012 Travelers’ Choice® awards. Algodon Mansion ranked #7 on the Best Hotels in Argentina list, and Read more [...]

The Welsh went into their final test of the year ranked seventh in the International Rugby Board (IRB) rankings but knowing that defeat to Australia would relegate them to ninth spot below Samoa and Argentina. England will remain fifth in the rankings despite their impressive 38-21 win over New Zealand. The rankings are used to rank the 12 directly qualified teams for the World Cup into three bands. They will be officially published at 1200GMT on Monday. Sides ranked one to four will be Read more [...]

Argentina will soon propose an agenda to Iran on talks to settle lawsuits related to the 1994 bombing of a Jewish aid organization in Buenos Aires that killed 85 people, authorities said Saturday, according to AFP. Argentine and Iranian officials conducted preparatory discussions in Switzerland in October on the bombing in Buenos Aires, the worst attack of its kind in the country's history. Since 2006, Argentine courts have demanded the extradition of eight Iranians, including current Defense Read more [...]

Chevron Corp.'s Argentina subsidiary ran full-page ads in the nation's leading newspapers Thursday saying that its operations have been complicated by a court order freezing its earnings. A judge in Buenos Aires embargoed Chevron's Argentina earnings, acting on behalf of plaintiffs in Ecuador who are trying to collect a $19 billion judgment they won over oil spills in the Amazon. Both Chevron and the Ecuadorean plaintiffs have accused each other Read more [...]

The environmental judgment is only the latest trouble Chevron is facing in Argentina, where it has become a leading partner of the state-controlled YPF SA oil company since President Cristina Fernandez expropriated it from Grupo Repsol in Spain.Repsol has sued in Madrid accusing Chevron and YPF of unfair competition, for drilling for shale oil and gas in the “Vaca Muerta” basin that was discovered when Repsol ran the company.Repsol also is suing Argentina at the World Bank’s International Center Read more [...]

Not Fernández’s favourite reading NOT much has gone right recently for Cristina Fernández, Argentina’s embattled president. She has suffered humiliations in a fight with bondholders abroad while enduring pot-banging protesters and a general strike at home. But her government is savouring the prospect of imminent victory in a protracted dispute with the Clarín media group, one of its most powerful critics. In 2009 Ms Fernández pushed through a law redistributing broadcasting Read more [...]

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