This man may hold the key to Argentina's future. Mediator Daniel Pollack is leading last minute talks to avert a debt default that could seriously hurt its economy NATS -- 'We should know today' But observers say, hopes for a deal are fading fast. New York hedge funds who own Argentine bonds are demanding repayment of their debt by a deadline set for Wedneday. If a deal can't be reached, Argentina will default for the second time in 12 years. (pause)
Argentina's stock market surges on optimism for avoiding default. CNBC's Kate Kelly reports the details.
July 30 (Bloomberg) -- GMP Securities Director of Fixed Income Strategy Adrian Miller discusses Argentina s default, the GDP report and Fed tapering. He speaks with Matt Miller on 'Street Smart. (Source: Bloomberg)
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