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Argentina, Creditors Settle 14 Years After Default for $4.6B

Argentina and its main holdout creditors have reached a $4.653 billion agreement in principle to settle a 14-year-old sovereign debt default dispute, a deal that could help the country to return to international capital markets and revive its economy. The deal, agreed late on Sunday and announced by the New York court-appointed mediator Daniel Pollack on Monday, will see the four largest remaining holdout creditors get paid 75 percent of the amount outstanding on their judgments,...

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