Members of Argentina’s chamber of deputies begin a debate over a bill to locally pay the bondholders who can not collect in the United States due a judge in New York on behalf of investment funds that are suing the South American country. Photograph: Fernando Sturla/EPA

Argentina’s Congress gave final approval today to a law proposing to restructure the country’s debt to skirt a US court ruling that forced it into its(...)

Axel Kicillof, Argentina’s economy minister: said “vulture funds” had rejected a renewed offer from the government and it was “impossible” to pay them more. Photograph: EPA/Jason Szenes

Some of the world’s largest hedge funds have been snapping up Argentine stocks, betting on an economic recovery in the troubled country despite it def(...)

Paul Singer, billionaire founder and president of Elliott Management.   Photograph: Jacob Kepler/Bloomberg

The hedge fund firm of billionaire Paul E Singer has about 300 employees, yet it has managed to force Argentina, a nation of 41 million people, into a(...)

An obelisk stands  in downtown Buenos Aires, Argentina. Argentina will default on its debt within hours after talks with holdout creditors broke down last night. Photo: Bloomberg

Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond pric(...)

Argentina’s economy minister Axel Kicillof arrives at the office of a court-appointed mediator in New York yesterday. Photograph:  Carlo Allegri/Reuters

Argentina saw its credit rating cut to “selective default” by Standard & Poor’s as talks between government negotiators and US creditors to avo(...)

Despite the little time remaining, Argentina’s economy minister Axel Kicillof last week travelled to Brazil to a summit of emerging market nations. Photograph: Peter Foley/EPA

In Rebel Without a Cause, the anti-hero played by James Dean is challenged to a lethal game of chicken in which two cars must race towards a cliff. Th(...)

Argentina’s president, Cristina Fernandez de Kirchner, used the term “extortion” to describe a ruling by the US Supreme Court. Photograph: David Fernandez/EPA

Argentinian president Cristina Fernandez de Kirchner yesterday set senior officials the task of averting a debt crisis a day after she ruled out co(...)

Argentinian president Cristina Fernandez de Kirchner ruled out complying with a US court order to pay holders of defaulted bonds in full. Photograph: Marcos Brindicci/Reuters

Argentinian president Cristina Fernandez de Kirchner ruled out complying with a US court order to pay holders of defaulted bonds in full, leaving the (...)