Ruling raises fear of Argentina default

Ruling raises fear of Argentina default
The ruling, issued late on Wednesday in New York, raises the spectre that Argentina will default once more on its debt. If the judgment is upheld it could have major implications for other sovereigns. There was no immediate response from Buenos Aires …
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Default Fears Drive Up Cost of Insuring Argentine Debt
The cost to insure Argentina's sovereign bonds against nonpayment soared 15% Friday to the highest level since April 2009 amid increased concern that the country may not honor its financial obligations in the next few weeks. Partly driving the increase …
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Intercontinental Asks SEC to Clear European Sovereign Swaps
Intercontinental Exchange Inc., owner of the world's largest credit-default swaps clearinghouse, requested permission from the Securities and Exchange Commission to back contracts for sovereign debt of five European countries. The sovereign debt of …
Read more on Businessweek

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