International

Argentina Creditors Seek International Backing on Debt Clauses

(Bloomberg) — Argentina’s creditors have approached several international organizations to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities, according to people familiar with the matter.

The International Monetary Fund, the U.S. Treasury, the International Capital Market Association and the Institute of International Finance are among the organizations that have been informally approached by bondholders, said the people, who asked not to be identified discussing a private matter.

While the groups have no formal say over how bond contracts are worded, the idea is that their buy-in would give Economy Minister Martin Guzman political cover to accept the changes, which bolster creditors’ rights by closing legal loopholes for Argentine bonds issued in 2016 and later. The changes to the indentures is a key point of negotiation in the final stretch of talks between Argentina’s government and major creditors including Blackrock Inc., Ashmore

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Why international students may have Big Tech to thank for the US’s visa reversal

Sometimes, it helps to have friends in high places.

A coalition of powerful U.S. technology companies and trade organizations threw their support behind a legal challenge — launched by Harvard University and the Massachusetts Institute of Technology — to block the federal government from banning international students from attending online only classes on U.S. soil in the midst of the coronavirus outbreak. And Big Tech’s involvement may have been a key factor behind the administration’s last minute about-face on Tuesday.

Revocation of the rule means that the U.S. Department of State may again issue visas to international students enrolled in U.S. schools for the fall semester. In addition, U.S. Customs and Border Protection no longer has authority to deny those students entry to, or continued residence in, the country.

Yet the Trump administration’s aborted effort was noteworthy for the big guns that joined forces to block the move. A coalition

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Loss of international students could damage US economy, experts say

The world of higher education, already struggling to cope amid the COVID-19 pandemic, was rocked last week when the Trump administration issued a regulation that would prevent international students from entering the country in addition to compelling thousands already in the U.S. to leave if enrolled in schools that plan to teach exclusively online in the fall.

“These students and their families have invested so much hope and money — in some cases, their families’ life savings — to get an American education,” Kavita Daiya, an associate professor of English at George Washington University, told ABC News. “By being here, they bring so much talent and knowledge to our communities. To force them to leave is to betray the promise of opportunity and fairness that undergirds American higher education.”

Implementation of the order could cost the U.S. tens of billions of dollars and thousands of jobs, but on Tuesday the

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Trump administration reverses new visa guidelines for international students

The Trump administration walked back a sudden policy change that would have potentially blocked hundreds of thousands of international students from remaining in or returning to the U.S. while pressuring universities to resume in-person classes in the fall amid the ongoing coronavirus pandemic.

Following a week-long fight by Harvard University, the Massachusetts Institute of Technology (MIT), and more than a dozen state attorneys general, the government agreed on Tuesday to “rescind” a policy that would have affected international students who are attending institutions that have opted to go completely remote over the fall.

“For the hundreds of thousands of international students across this country who enrich our institutions and strengthen our communities — we celebrate this victory with you,” Massachusetts Attorney General Maura Healey said in a statement. “This ICE rule was senseless and illegal the minute it came out, and the Trump Administration knew it didn’t have

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Loss of international students could damage US economy, experts say, as Trump seeks visa restrictions

The world of higher education, already struggling to cope amid the COVID-19 pandemic, was rocked last week when the Trump administration issued a regulation that would prevent international students from entering the country in addition to compelling thousands already in the U.S. to leave if enrolled in schools that plan to teach exclusively online in the fall.

“These students and their families have invested so much hope and money — in some cases, their families’ life savings — to get an American education,” Kavita Daiya, an associate professor of English at George Washington University, told ABC News. “By being here, they bring so much talent and knowledge to our communities. To force them to leave is to betray the promise of opportunity and fairness that undergirds American higher education.”

It could also cost the U.S. tens of billions of dollars and thousands of jobs.

MORE: Harvard, MIT sue Trump administration

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Christian groups oppose ICE rule on international students

Leaders of 12 Christian organizations on Friday urged the Trump administration to rescind a policy requiring international students to leave the U.S. or transfer if their colleges hold classes entirely online this fall, saying it “falls short of American ideals.”

In a letter to Acting Secretary of Homeland Security Chad Wolf, shared with The Associated Press, the leaders wrote that the policy “robs our country of the significant contribution” international students make to their colleges on both a personal and economic level. It “lacks compassion” and “violates tenets of our faith,” the letter continued, citing specific Biblical passages.

“International students who have already arrived in the United States and who are enrolled in degree programs should be allowed to complete their courses of study in this country without further disruption,” the leaders said. “This is reasonable, compassionate, and consistent with our national interests.”

Among the signatories are National Association of

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Maryland international students grapple with new rule that could force them out of the U.S.

Shrey Aggarwal boarded a crowded flight June 23 to India. For weeks, he’d been exchanging emails with the Indian embassy in hopes of returning home to New Delhi for the summer, and he finally succeeded.

But now the University of Maryland student worries he won’t be able to return to College Park for his fall semester.

The physics undergraduate is among thousands of international students whose future plans were in jeopardy this week after U.S. Immigration and Customs Enforcement said they would not be able to remain in the country if they took online classes this fall.

As a result of the coronavirus pandemic, the federal agency had waived requirements dictating that international students could only take one online class per semester. But, on Monday, it reversed course.

The decision, which has since been challenged in federal court, has left international students attending Maryland universities scrambling to make sure their

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