Argentina a 'black box' as $70 bln debt talks enter final act

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LONDON/BUENOS AIRES — Argentina’s $70 billion debt negotiations are entering the final act, with bondholders bracing for the worst as the South American country readies a restructuring deal already delayed by the coronavirus outbreak, which creditors fear will impose steep losses. The grains producer, which has been grappling with recession and a mounting debt crisis, is set to unveil its proposal to international creditors as early as Thursday to push back payments on its bonds issued under foreign law. Argentina’s leaders have warned creditors the country will need substantial relief and that...

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