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BUENOS AIRES, Oct 26 (Reuters) - Argentina's government sent a bill to Congress on Monday seeking a green light for its plan to mop up some $20 billion in defaulted bonds, paving the way for a new debt issue to ease tight finances. The proposed legislation would overturn the "Ley Cerrojo," or Bolt Law, which effectively sealed a 2005 debt deal from being reopened, and gives a second chance to investors who did not agree to the unfavorable conditions of that swap. The bill is expected to be approved in coming weeks, according to congressional sources and local media reports. Under the proposed law, which was distributed to reporters on Monday night, investors who want to enter a new swap must accept the same conditions or worse than in the 2005 restructure when Argentina paid investors some 30 cents on each dollar of defaulted... [read full story]
Defence giant BAE Systems is planning to axe up to 640 jobs following a review of its workload. Defence giant BAE Systems is planning to axe up to 640 jobs following a review of its workload. The firm said it will start...
GENEVA (AP) - Roman Polanski appeared set to be released from jail on bail Thursday and placed under house arrest in his chalet in the Alps pending a decision on his extradition to the U.S. for having sex in 1977 with a...
The area contains one of the largest contiguous forests in Asia and sustains India's largest wild populations of Asian Elephants and Bengal Tigers. The government's report confirmed our allegations that the site "is in close...
'We came to Mumbai so that the children could get a good education' Pir Pasha, a waiter at the Leopold Cafe on Colaba Causeway, was shot dead by terrorists on November 26. Then they would ask my children: 'Do you miss your...
