NEW YORK (Reuters) - Argentina on Friday lost its appeal of a U.S. judge's order requiring it to pay $1.33 billion (£854.15 million) to hedge funds that refused to go along with two of the country's debt restructurings.
But the 2nd U.S. Circuit Court of Appeals delayed implementing its decision pending a ruling by the U.S. Supreme Court, postponing resolution for up to a year or more and giving relief to worried investors.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
