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Argentina reaches deal to settle eurobond claims

New York / AFP Argentina has reached a deal to settle with a group of holders of eurobonds it defaulted on 15 years ago, a US court mediator in its debt battle said. Mediator Daniel Pollack announced that the country reached a deal in principle with the “Brecher Class” of “holdout” creditors, to repay them 100 percent of the principal ...

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Dailies wither in Canada with no billionaires to save them

Ottawa / Bloomberg It’s been a dismal start to the year for Canada’s newspapers, and investors see little sign of a turnaround. Postmedia Network Canada Corp., owner of many of the country’s newspapers, announced in January it was merging newsrooms in cities where it has two papers, eliminating dozens of jobs. Torstar Corp., publisher of the country’s largest circulation paper, ...

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Beijing deploys surface-to-air missile on ‘disputed island’

Bloomberg China deployed surface-to-air missiles this month on a contested island in the South China Sea, keeping tensions high even as leaders of Southeast Asian nations pledged to try and peacefully resolve territorial disputes in the waters. Satellite images showed two batteries of eight HQ-9 surface-to-air missile launchers and a radar system on Woody Island, part of the Paracel chain ...

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