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Argentine officials and holdout bondholders met separately with a US court-appointed mediator but failed to clinch a deal to resolve a dispute that could trigger a default by Buenos Aires. With the clock ticking toward a July 30 deadline, Argentina needs to reach a deal on paying more than $1.3 billion claimed by hedge funds, mainly NML Capital and Aurelius Management, which refused to join other bondholders in the 2005-2010 restructuring of the country's defaulted debt. "The parties, including representatives of the Republic of Argentina and representatives of the bondholders, together with their respective lawyers, came to see me this afternoon," said attorney Daniel Pollack, appointed by US District Judge Thomas Griesa to break the impasse. Argentina sent to the meeting a team of three senior officials from the Economy Ministry, in addition to members of its legal representatives in New York.
LeBron James' decision to return to the Cleveland Cavaliers after four seasons with Miami sparked a flurry of reaction Friday around the NBA, across American sports and beyond. Blatt coached Russia to a bronze medal at the 2012 London Olympics and Maccabi Tel Aviv to this year's Euroleague crown, but will head a young NBA squad that includes guard Kyrie Irving and Andrew Wiggins, who was the top pick in last month's NBA Draft.