by Asharq Al-Awsat | Jul 31, 2014 | Business
Buenos Aires, Reuters—Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year. After a long...
by Lahssen Moqana | Jul 21, 2014 | Business
Casablanca, Asharq Al-Awsat—Morocco’s Addoha Property Group is planning to issue bonds worth 2 billion Moroccan dirhams (244 million US dollars) this week, in a bid to restructure existing debt. Issued between July 23–25 the new restructured debt will be secured...
by Asharq Al-Awsat | Jul 26, 2013 | Business
Washington, AP—A years-long court battle in New York could have major implications for the world’s financial system as investors seek to recover unpaid debts from Argentina’s massive 2001 default. Global finance officials fear a victory by creditors could...
