Hedge Funds

Argentina to make offer to US hedge funds to end legal stand-off

Argentina’s finance ministry said late Wednesday it will make an offer to US hedge funds later this month to end a legal stand-off that has locked the country out of global credit markets for more than a decade.

Argentina to make offer to US hedge funds to end legal stand-off
Photo: iStock

Argentina’s finance ministry said late Wednesday it will make an offer to US hedge funds later this month to end a legal stand-off that has locked the country out of global credit markets for more than a decade.

Plans to make the offer come after Argentina on Wednesday resumed talks in New York with a group of hedge funds that sued Argentina in US courts.

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