Argentina’s Macri Resolves Another Nasty Bond-Default Battle

  • Turbine maker Impsa poised to emerge from $1.1 billion default
  • Macri backs deal that gives control of company to creditors

President Mauricio Macri has rewarded Argentina’s bond investors with some of the biggest gains in emerging markets. Now, they can also thank him for helping resolve one of the country’s most intractable corporate debt disputes.

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