| Debt Plan in Argentina Sets Bank Against the PresidentNew York Times - 14 hours agoRIO DE JANEIRO — A disputed plan by President Cristina Fern?ndez de Kirchner of to use billions of dollars in foreign currency reserves to repay debt has inflamed political tensions in that country, Latin America’s third-largest economy. Mrs. Kirchner’s cash-poor government is seeking to use $6.5 billion of Argentina’s nearly $48 billion in central bank reserves to help cover $13 billion in international debt that is due this year. Argentine Leader in Decisive Battle Wall Street Journal JAL lenders to cave in to bankruptcy plan-sourcesReuters - 2 days agoTOKYO (Reuters) - The main lenders to Japan Airlines plan to accept a restructuring package that would require the carrier to file for bankruptcy, sources said, increasing the likelihood of a state bailout this month. A state-backed turnaround fund plans to establish a credit line of more than 600 billion yen ($6.5 billion) along with a state-owned bank to ensure JAL can keep flying once a bankruptcy is announced, a source with the knowledge of the matter said. Japan government to explain to 35 nations on JAL: report Reuters Australia furious over Indian KKK cartoon condemning policeUK Telegraph - 3 days agoThe Australian government has condemned an Indian newspaper cartoon likening its police to the Ku Klux Klan over their investigations into the murder of a young Indian man. New Delhi's Mail Today ran the cartoon showing a figure with an Australian police badge wearing a pointed white hood, following the murder of 21-year-old Indian national Nitin Garg in Melbourne last weekend. Indian KKK news cartoon angers Australia Reuters |
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