Argentina steps toward next debt tango, with the IMF

Argentina, set to wrap up a $65 billion (49.19 billion pounds) debt deal with creditors this week, has formally initiated talks to negotiate a new deal to replace its record standby agreement with the International Monetary Fund as it looks to escape from recession and default.In a letter to IMF head Kristalina Georgieva on Wednesday, Argentina's Economy Minister Martin Guzman and central bank chief Miguel Angel Pesce requested formal talks that would lead to a new program to succeed the "cancel