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US Judge Holds Argentina in Contempt Over Bond Payment Plan

In a rare move, a U.S. judge held Argentina in contempt on Monday, saying the country is taking “illegal” steps to evade his orders in a longstanding dispute with hedge funds over defaulted debt. A source at Argentina's central bank nevertheless said the country plans to deposit an interest payment at a local bank on Tuesday, in direct defiance of U.S. District Judge Thomas Griesa's admonitions. Griesa, who has overseen the litigation in New York for years, put off a decision...

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