Articles tagged "argentina"
For the first time in quite a while, the rest of the world seems headed down a similar path as Argentina, with inflation looking increasingly uncontrollable and a looming recession that will hit both rich and poor nations alike.
Tough economical challenges ahead.
New Economy Minister announces plan to slow down Argentina’s financial crisis hours after he was sworn in. Sergio Massa says he will stop money printing to slow inflation.
Some local markets nonetheless appeared encouraged by the latest developments. Argentine stocks and bonds, as well as the peso currency, edged higher on Thursday, led by the Merval stock index, which rose by as much as 1.1% in the session before closing essentially flat. Meanwhile, the parallel black market peso gained 1.7% to trade at 293 per U.S. dollar, while over-the-counter sovereign bonds rose 0.8%.