Argentina Emerges From Financial Exile

Argentina appears to have reached a deal with its creditors after having spent more than a decade in financial limbo. NML Capital and Aurelius Capital Management, two funds that hold some of Argentina's defaulted foreign debt, announced as much Wednesday, and with the announcement comes two important developments. NML and Aurelius may eventually be able to receive payment for what they are owed, and, more important for Argentina, the government in Buenos Aires will be able to borrow abroad freely....