Argentina's international dollar and euro-denominated bonds fell to record ...
LONDON/BUENOS AIRES - Argentina’s international dollar and euro-denominated bonds fell to record lows on Monday while its financial stocks tumbled and risk premiums shot up after President Mauricio Macri reimposed capital controls on Sunday as the country’s debt crisis spirals.
The central bank has been authorized to restrict purchases of dollars as it burns through its reserves to prop up the peso. Investors fretted that once the controls are in place, they will be difficult to end, possibly leaving Argentina with an economy once again distorted by government intervention.
“The problem with restrictive, emergency measures is that they are easier to apply than to retract,” said Buenos Aires-based financial analyst Christian Buteler in a tweet.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
IMF pledges support for Argentina after return to currency controls amid debt crisisThe International Monetary Fund said it will stand by Argentina after the govern...
Leer más »
Paul Potts refuses to accept defeat as he eyes BGT return after humiliating exitSinger Paul Potts insists he would welcome the chance to prove himself again after his 'shaky' performance over the weekend
Leer más »
Susanna Reid reveals she suffered an accident on holiday ahead of GMB returnSusanna Reid shares photo after suffering holiday accident as she heads back to Good Morning Britain with Piers Morgan following summer break
Leer más »
Telluride: Renée Zellweger Will Return to the Oscars With ‘Judy’The Oscars love actors playing alcoholic drug-addicted singers. Last year, Rami Malek took home the big prize for his portrayal of Freddie Mercury in “Bohemian Rhapsody,” beating out Bradley Cooper…
Leer más »
Merkel hints at return to academia after politicsGerman Chancellor Angela Merkel appeared to suggest on Saturday that she might r...
Leer más »
Nexstar Stations Will Return The National Anthem To The Public Airwaves Starting MondayA long-missing broadcast tradition is being brought back to the airwaves. Nexstar TV, which owns 171 stations across the country, said it will return the national anthem segment to begin the broadc…
Leer más »