Argentina and creditors near $5 billion deal

Major creditors suing Argentina over defaulted bonds have agreed to the economic terms of an agreement to resolve the long-running litigation but need more time to complete the $5 billion deal, a lawyer for the investors said Wednesday. The disclosure came during a hearing before a federal appeals court in New York, where the panel said it will allow a U.S. judge to move forward with lifting injunctions that restrict Argentina from paying off some debts.

Read the full article on  Reuters.

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