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Detroit, Syncora fight over casino money in appeals court-report

July 30
Wed Jul 30, 2014 6:03pm EDT

July 30 (Reuters) – A federal appeals court panel heard
arguments on Wednesday between Detroit and one of its last
hold-out creditors over casino tax revenue, with one of the
judges promising a careful consideration of the case, the
Detroit News

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UPDATE 1-BES warns of possible legal breaches, vows to raise capital

Wed Jul 30, 2014 6:55pm EDT

(Recasts throughout, adds CEO comments, detail of family
irregularities, capital raise)
By Laura Noonan and Andrei KhalipLONDON/LISBON, July 30 (Reuters) – Laws may have been broken
at Portugal’s Banco Espirito Santo during a catastrophic
six months that saw it lose 3.6 billion euros,

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Argentina credit story grows murkier as talks collapse

By Paul Kilby

Wed Jul 30, 2014 7:04pm EDT

NEW YORK, July 30 (IFR) – Argentina’s murky credit story
grew even more complicated Wednesday as the US mediator said the
country was headed to default after last-ditch talks with
holdout creditors failed.
With years of negotiations appearing to come

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UPDATE-Argentina 2033 bond stable after talks to avoid default collapse

Thu Jul 31, 2014 4:40am EDT

LONDON, July 31 (IFR) – The price of the restructured bond
on which Argentina missed an interest payment, leading the
country into a technical default, was stable in early London
trading.
Argentina’s Discount due 2033 notes were bid at a price of
95

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CORRECTED-UPDATE 3-BES seeks capital as key staff suspended after massive losses

(Corrects in seventh paragraph to show losses on family loans
of 1.2 bln euros, not 2.1 bln euros)
* BES loses 3.6 bln euros, says will raise capital quickly* BES warns of possible illegal activity at bank* Bank continued to lend to family firms as woes mounted* Bank of

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BNY confirms still holding Argentina bond monies

By Davide Scigliuzzo

Thu Jul 31, 2014 7:54am EDT

NEW YORK, July 31 (IFR) – Bank of New York Mellon (BNY) sent
a formal letter Thursday to holders of Argentina’s exchange
bonds essentially confirming that the sovereign had defaulted.
The letter confirmed that BNY, acting as trustee, was still

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Argentina bonds drop, CDS widens in wake of default-traders

By Joan Magee

Thu Jul 31, 2014 8:49am EDT

NEW YORK, July 31 (IFR) – Argentine five-year protection
widened over 500bp Thursday while the sovereign’s bonds dropped
around seven points following its default.
Argentina’s five-year CDS widened 513bp to 1,957bp in spread
terms or 40.5 points up-front.The country’s Discount

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ISDA asked to consider credit event on Argentina CDS

By Davide Scigliuzzo

Thu Jul 31, 2014 9:12am EDT

NEW YORK, July 31 (IFR) – The International Swaps and
Derivatives Association has received its first request to
consider whether a credit event has occurred on Argentina’s
credit default swap contracts (CDS), according to the ISDA
website.
Swiss bank UBS

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UPDATE 1-ISDA agrees to consider credit event on Argentina CDS

Thu Jul 31, 2014 10:26am EDT

(UPDATES with acceptance)
By Davide ScigliuzzoNEW YORK, July 31 (IFR) – The International Swaps and
Derivatives Association (ISDA) has agreed to consider whether a
credit event has occurred on Argentina’s credit default swap
contracts (CDS), according to its website.Swiss bank UBS on Thursday

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Federal court asked to suspend Detroit bankruptcy appeals

July 31
Thu Jul 31, 2014 7:42pm EDT

July 31 (Reuters) – A federal court was asked on Thursday to
suspend seven pending appeals over Detroit’s eligibility for
bankruptcy until the city concludes a confirmation process for
its plan to adjust $18 billion of debt.
Attorneys for the city,

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Detroit, Syncora fight over casino money in appeals court-report

July 30
Wed Jul 30, 2014 6:03pm EDT

July 30 (Reuters) – A federal appeals court panel heard
arguments on Wednesday between Detroit and one of its last
hold-out creditors over casino tax revenue, with one of the
judges promising a careful consideration of the case, the
Detroit News

UPDATE 1-BES warns of possible legal breaches, vows to raise capital

Wed Jul 30, 2014 6:55pm EDT

(Recasts throughout, adds CEO comments, detail of family
irregularities, capital raise)
By Laura Noonan and Andrei KhalipLONDON/LISBON, July 30 (Reuters) – Laws may have been broken
at Portugal’s Banco Espirito Santo during a catastrophic
six months that saw it lose 3.6 billion euros,

Argentina credit story grows murkier as talks collapse

By Paul Kilby

Wed Jul 30, 2014 7:04pm EDT

NEW YORK, July 30 (IFR) – Argentina’s murky credit story
grew even more complicated Wednesday as the US mediator said the
country was headed to default after last-ditch talks with
holdout creditors failed.
With years of negotiations appearing to come

Apple Surrenders in Sales Ban Fight Against Samsung

Scott Graham, The Recorder

July 30, 2014

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UPDATE-Argentina 2033 bond stable after talks to avoid default collapse

Thu Jul 31, 2014 4:40am EDT

LONDON, July 31 (IFR) – The price of the restructured bond
on which Argentina missed an interest payment, leading the
country into a technical default, was stable in early London
trading.
Argentina’s Discount due 2033 notes were bid at a price of
95