Last-ditch bid to derail Ecuador restructuring finds limited sympathy

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Last-ditch bid to derail Ecuador restructuring finds limited sympathy

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Ecuadorian railroad crossing the Sierra region | ecuadorquerido - stock.adobe.com

Ecuador on Thursday afternoon agreed to delay the deadline of its bond restructuring offering by one business day after two funds began legal actions against it. But a US court hearing on Thursday morning was not promising for the litigious investors, and markets believe there is still a high chance of the deal going through.

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