Argentina launches defaulted debt package.
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The total defaulted debt, plus pending interests, is estimated between 81 and 101 billion US dollars.
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FOR THE first time, President Gloria Macapagal-Arroyo acknowledged yesterday that the country was in a fiscal crisis, a move meant to rally the public behind her tax reform and cost-cutting measures to avert an Argentina-like financial meltdown in the
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China and Argentina signed accords on Tuesday that could bring nearly $20 billion in investment from the Asian giant over the next 10 years for the capital-starved Latin American economy.
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The Philippine presidential palace vowed Tuesday there would be no default on debt payments although President Gloria Macapagal-Arroyo admitted the country was in the midst of a &quot;fiscal crisis.
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Argentina's president-elect Cristina Kirchner outlines her priorities, include pushing for more regional integration.
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China introduces a new bankruptcy law that gives creditors precedence over workers at failed companies.
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Argentina submitted on Monday to the US Securities and Exchange Commission its offer to restructure $100 billion in defaulted debt, clearing the way for a world-record debt swap, Economy Ministry spokesman
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By Mary Milliken BUENOS AIRES, Argentina  - With the same pots,pans and chants from the economic crisis three years ago,Argentines are returning to the streets to punish theirpoliticians, this time for not averting the country's deadliestdisaster in decades.
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The International Monetary Fund on Friday granted an Argentine government request to defer $1.1 billion in debt repayments that Buenos Aires was scheduled to make between now and January.
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China announced Tuesday in Buenos Aires that it intends to invest 19,7 billion US dollars in Argentina over the next decade with the money going mainly into infrastructure projects and home building.
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President Gloria Arroyo acknowledged for the first time Monday that the Philippines was now in a &quot;fiscal crisis&quot;, as economists warned of an Argentinian-type debt default within the next three years.
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On the cusp of Argentina's historic &#36;102.6 billion debt restructuring, the government on Wednesday warned investors the offer is final and will never be improved or repeated.
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The Group of Seven industrialized countries broke new ground as they for the first time expressed readiness in a formal statement to provide 100 percent debt relief for the world's poorest nations.
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China pledged to invest $19.7 billion in Argentine railroad, energy, telecommunications and housing projects over the next 10 years, an Argentina government official said.
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Rodrigo Rato visits Argentina next week in a key test for the IMF&#39;s new head as strains grow with the fund&#39;s third biggest borrower after the government made a risky gamble to halt its loan program.
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Argentina&#39;s leftist president called IMF head Rodrigo Rato an old-style &quot;plantation owner&quot; for trying to force the South American country to swallow free-market reforms as a condition for aid.
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The Argentine government on Monday presented US regulators with details of a debt exchange offering intended to restructure some US$103 billion (euro80.