The Traderszone Network

Published in TZ Latest News 29 September, 2014 by The TZ Newswire Staff

U.S. judge holds Argentina in contempt over bond row

By Joseph Ax and Nate Raymond NEW YORK (Reuters) – In a rare move, a U.S. judge held Argentina in contempt on Monday, saying the country is taking “illegal” steps to evade his orders in a longstanding dispute with hedge funds over defaulted debt. A source at Argentina’s central bank nevertheless said the country plans to deposit an interest payment at a local bank on Tuesday, in direct defiance of U.S. District Judge Thomas Griesa’s admonitions. …