Argentina rallies then defaults throwing investors into uncertainty
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Argentina rallies then defaults throwing investors into uncertainty

Kicillof, Argentina

Holders of Argentina’s exchange bonds did not receive $539m of interest payments due to them by midnight on Wednesday, leading S&P and the New York court appointed mediator to proclaim a default — a that the sovereign declines to describe as such. But as the clock hit midnight in New York little more was clear as to the future of the continuing debt saga.

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