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Argentina defaults on bond payments as debt talks heat up


BUENOS AIRES (Reuters) - Argentina missed payments on around $500 million in already delayed bond coupons on Friday, creditors and a ratings agency said, marking the country’s ninth sovereign default amid ongoing restructuring talks with creditors.

The default on three bonds came as negotiations to revamp around $65 billion in foreign debt revved up, with Economy Minister Martin Guzman saying talks were on a positive course despite an “important distance” left to reach a deal.

A source close to the talks and familiar with the government’s thinking separately told Reuters that the two sides were making substantial progress and ...


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