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Argentina wins court ruling letting bond sale proceed

Bloomberg Argentina can go ahead with a planned $15 billion bond sale to pay off holdout creditors from a 2001 default, ending more than a decade of litigation over repayment of the debt that kept South America’s second-biggest economy out of international credit markets. The U.S. Court of Appeals in New York cleared the way for the bond sale by ...

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IMF shuns consent call of Argentina missing inflation goal

  Bloomberg Argentina’s inflation will slow to the very top of its target range by year-end, the International Monetary Fund forecast, showing more optimism than most economists. Inflation will slow to the 25 percent ceiling of Argentina’s target range by year-end, the IMF said in its published World Economic Outlook. That is lower than all estimates from economists surveyed by ...

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Emaar receives bids for AED500mn Dubai tower

  Bloomberg Local developer Emaar Properties has received bids from contractors for the estimated AED500m ($136m) contract to build its Opera Grand Residential Tower in Dubai. The project involves the construction of a 65-70 storey tower a four level basement, ground floor and podium with townhouses, and 56 residential floors with seven levels for services. The total development will have ...

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