New Argentine govt resumes talks with 'vulture' creditors

A deal with US investment funds is a key aim for Argentina's market-friendly conservative President Mauricio Macri, pictured on November 10, 2015The new Argentine government reopened talks with bondholders in New York that for years have blocked the struggling country’s access to global capital markets. Talks between bondholders and representatives of the new government of President Mauricio Macri, who has pledged to reform and revitalize the Argentine economy, opened in Manhattan under the guidance of the court-appointed mediator Daniel Pollack. “We’ll be presenting Argentina’s proposal during the week of Monday, January 25 to Pollack and to the holdout firms” Luis Caputo, an official representing Buenos Aires said at the close of five hours of negotiations on the first day of talks.

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