China’s manufacturing activity contracted for a second month |
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LATIN AMERICA Argentina Argentina is seeking to ``bully creditors'' into accepting a new debt restructuring plan that offers ``considerably worse terms'' than the original exchange in 2005, said Elliott Associates LP, a New York-based hedge fund. The swap offer ``will not enable Argentina to remove the attachments on its assets that we have obtained,'' Jay Newman, a senior portfolio manager at Elliott, said in a statement. Elliott holds about $1 billion of defaulted Argentine debt, court
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