NEW YORK / Reuters Argentina settled with additional creditors holding defaulted sovereign bonds for $253 million, Daniel Pollack, the court-appointed mediator in the long-running case, said. The agreements in principle reached late last week with several groups of creditors bring the aggregate amount of settled claims to approximately $8 billion, the statement said. “In my capacity as Special Master, with …

Bloomberg Hedge funds betting that oil’s rally was over missed an 11 percent gain after U.S. crude inventories unexpectedly fell. Short positions in West Texas Intermediate crude jumped 35 percent in the week ended April 5, according to the U.S. Commodity Futures Trading Commission. The next day, the government reported a 4.94 million-barrel drop in U.S. oil inventories, the first …

Reuters Mexico expects gold and silver production this year to drop while copper output will be flat as low prices continue to weigh on the sector, the government’s top mining official said in an interview. Mario Cantu, the economy ministry’s general mining coordinator, said gold output this year is estimated to reach about 120,000 kilograms, or down nearly 4 percent …