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Argentine lawmakers clear debt settlement deal

Argentine lawmakers approved a settlement with bondholders, in the latest development in the country's 15-year litigation battle with creditors over defaulted bonds worth nearly $100 billion ($90 billion).

The vote in Argentina's lower house marks an important victory for Argentine President Mauricio Macri, who was elected in November on a platform of reviving the economy and

The deal is with holdout creditors who refused to go along with the restructuring of Argentina's debt after it defaulted. They were mainly hedge funds that bought up the defaulted debt at discounts, aiming to recover the full value, and in 2012 the New York federal district court ruled in their favor - basically cutting off Argentina from global capital markets.

Macri needs both legislative chambers to clear awayOn Thursday Omar al-Bashir, who ruled Sudan in autocratic style for 30 years, was overthrown and arrested in a coup by the armed forces, said Sudan's defence minister, Ahmed Awad Ibn Auf, in a televised address. He also announced a two-year period of military rule to be followed by presidential elections.