July 31 - A federal court was asked on Thursday to suspend seven pending appeals over Detroit's eligibility for bankruptcy until the city concludes a confirmation process for its plan to adjust $18 billion of debt.
NEW YORK, July 31 (IFR) - The International Swaps and Derivatives Association (ISDA) has agreed to consider whether a credit event has occurred on Argentina's credit default swap contracts (CDS), according to its website.
NEW YORK, July 31 (IFR) - The International Swaps and Derivatives Association has received its first request to consider whether a credit event has occurred on Argentina's credit default swap contracts (CDS), according to the ISDA website.
NEW YORK, July 31 (IFR) - Argentine five-year protection widened over 500bp Thursday while the sovereign's bonds dropped around seven points following its default.
NEW YORK, July 31 (IFR) - Bank of New York Mellon (BNY) sent a formal letter Thursday to holders of Argentina's exchange bonds essentially confirming that the sovereign had defaulted.
(Corrects in seventh paragraph to show losses on family loans of 1.2 bln euros, not 2.1 bln euros)
LONDON, July 31 (IFR) - The price of the restructured bond on which Argentina missed an interest payment, leading the country into a technical default, was stable in early London trading.
NEW YORK, July 30 (IFR) - Argentina's murky credit story grew even more complicated Wednesday as the US mediator said the country was headed to default after last-ditch talks with holdout creditors failed.
(Recasts throughout, adds CEO comments, detail of family irregularities, capital raise)
July 30 - A federal appeals court panel heard arguments on Wednesday between Detroit and one of its last hold-out creditors over casino tax revenue, with one of the judges promising a careful consideration of the case, the Detroit News reported.
- M&A: UPDATE 2-HSBC and BNP to finance Iliad's T-Mobile bid - sources
- IPOs: Hellman & Friedman starts preparations for Scout24 IPO - sources
- Private Capital: Jana Partners, Greenlight Capital report losses for July -sources
- Hedge Funds: Man Group shares retreat as inflows slow and margins narrow
- Regulatory News: BRIEF-Ford says F-150 inventories on track ahead of launch of new version of large pickup later this year
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Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.
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