Argentine markets on Thursday bucked a dismal three-day losing streak on signs o...
BUENOS AIRES - Argentine markets on Thursday bucked a dismal three-day losing streak on signs of political compromise to tackle a dizzying economic crisis and a new central bank measure to prop up a currency that had lost around a quarter of its value.
The result prompted fears of a return to protectionist policies and the end of free-market economic reforms should Fernandez triumph in October’s election, as now seems likely. The plan would unleash liquidity into the market without the central bank having to tap its reserves in dollar auctions, a source with knowledge of the plan said. The source added it was likely banks had already started selling dollars to comply.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Argentina market rout pummels Brazilian hedge fundA Brazilian hedge fund was among the casualties of Monday's market rout on ...
Leer más »
This big-name fund manager lost $1.8 billion during Argentina's massive market routMichael Hasenstab, who made his name betting on economic recoveries, stomached big losses across six funds.
Leer más »
China's trade threats deal fresh blow to world stocksChina's threat to impose counter-measures in retaliation for the latest U.S...
Leer más »
ECB Has Big Bazooka Primed for September, Top Official SaysThe European Central Bank will announce a package of stimulus measures at its next policy meeting in September that should overshoot investors’ expectations, a top official at the central bank said.
Leer más »
ECB shuts down one of its websites after hacker attackThe European Central Bank (ECB) shut down one of its websites on Thursday after ...
Leer más »
Economist El-Erian: Fed now has no choice but to cut rates or risk disrupting marketsCentral bankers are being 'held hostage' by markets, economist Mohamed El-Erian says.
Leer más »