Vice president of Argentina Cristina Fernandez de Kirchner and president Alberto Fernandez walk behind president of the hamber of deputies Sergio Massa and head of the cabinet of ministers Santiago Cafiero during a press conference  on August 31st in Buenos Aires. Photograph: Juan Mabromata - Pool/Getty Images

Argentina has defused fears of a messy default after it gained backing from creditors, allowing it to exchange 99 per cent of the bonds involved in a (...)

Mozambique: the financially-embattled African nation has suffered catastrophic damage as a result of cyclones this year. Photograph: Tiago Petinga/EPA

Mozambique has reached a restructuring deal in principle with holders of $726.5 million (€649 million) of Irish-listed bonds, which went into default (...)