BlackRock-Argentina Feud Gets Heated and Sets Back Debt Talks

Argentina’s debt restructuring talks with foreign creditors are bogging down two months after they began, and one Wall Street firm -- BlackRock Inc. -- is a big part of the reason why.

Representatives for the world’s biggest asset management firm have taken a hard line in negotiations, demanding the government drastically improve the terms of its original offer, which sought to saddle creditors with losses of almost 70% on $65 billion worth of bonds.

The standoff turned so acrimonious that Gerardo Rodriguez, BlackRock’s point person in the talks, and Martin Guzman, Argentina’s Economy Minister, have gotten into several ...