Argentine Stocks Drop on Ruling Not Publicly Available
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Argentine stocks fell to a five-month low on news of a ruling that hadn’t been officially released by the New York court that issued it.
U.S. District Judge Thomas Griesa Nov. 21 ruled that Argentina must pay $1.33 billion to holders of its defaulted debt if it goes forward with next month’s scheduled payments of more than $3 billion on the nation’s restructured bonds.