The value of the peso had plummeted before stabilizing this morning.

What recourse do creditors have when a sovereign nation decides not to pay its debt? A case study on that question is playing out in U.S. courts.

Argentina is probably not feeling very thankful this morning. It's still digesting a U.S. court ruling involving a decade-long debt fight.

Spanish oil giant Repsol currently controls Argentina's largest national oil company, but perhaps not for long.

While the global economic crisis has punished developed countries, many in the developing world have gained from capital searching for a higher returns.