NEW YORK CITY: Argentina’s new government began negotiations with hedge fund creditors on Monday (Tuesday in Manila), amid reports it wants them to write off up to a quarter of their bonds to settle a long-running dispute.
Finance Secretary Luis Caputo arrived Monday morning at the New York offices of the US court-appointed mediator Daniel Pollack in a fresh effort to end a debt battle rooted in the country’s $100 billion default in 2001.
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