Argentina has burned through $15 billion in foreign reserves over the last month...
BUENOS AIRES - Argentina has burned through $15 billion in foreign reserves over the last month to stabilize the peso, which crashed along with the country’s bonds after a sharp electoral defeat for market-friendly president Mauricio Macri.
The shock result spooked investors, who worry especially about Fernandez’s running-mate, ex-President Cristina Fernandez de Kirchner, recalling the interventionist policies she imposed during her two terms between 2007 and 2015. “It’s already at a dangerous level,” said Roger Horn, senior emerging market analyst at SMBC Nikko Securities America.
Private sector dollar deposits have fallen around a quarter to $24.2 billion from $32.5 billion before the primary.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-Facebooker Scott Marlette Buys a $15 Million Santa Monica Canyon GemFor a neighborhood mere minutes from the bustling Third Street Promenade outdoor mall — not to mention the crowd-swarmed local beaches — Santa Monica Canyon is remarkably remote-seeming…
Read more »
This $15 Plant From Amazon Will Turn Your Yard Into A Monarch Butterfly ParadiseThis $15 plant from Amazon will turn your yard into a monarch butterfly paradise
Read more »
Shell Companies Hide $15 Trillion From Taxes, Study Reports10 economies host nearly 85% of the world’s phantom capital by lisettevoytko
Read more »
Shell Companies Hide $15 Trillion From Taxes, Study Reports“Phantom capital” helps shields companies from higher bills.
Read more »
This Startup Raised $15 Million To Reduce Errors In Quantum ComputingQ-CTRL, an Australian-based quantum computing software company that applies principles of control engineering to quantum hardware, announced Tuesday that it had raised a $15 million series A funding round led by Square Peg Capital.
Read more »
SoftBank may need to write down its stake in WeWork if the IPO is valued below $25 billion, Bernstein saysSoftBank could be forced to write-down its multi-billion dollar investment in WeWork if the company fetches an IPO valuation below $25 billion, analysts at Bernstein said.
Read more »