29-07-2020 20:05 via uk.finance.yahoo.com

Exclusive: Argentina may delay debt restructuring deadline amid impasse - source

Argentina's government is considering pushing back a deadline for creditors to respond to its foreign debt restructuring proposal until mid-to-late August, a source close to the negotiations told Reuters on Wednesday.The cutoff for the $65 billion deal is currently Aug. 4, though the two sides are at an impasse over the value and legal terms of the final offer, with a large group of creditors rallying behind a counter proposal.The debt deal is key for recession-hit Argentina to avoid a protracte
Read more »