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-0.00648824006488245 -0.00648824006488245 -0.00648824006488245 0.00702892673695588 0.0186536901865368 0.0246012435793457 0.0178426601784265 0.0237902135712355
Stock impact report

Fears of Argentina default loom large as traders dump everything [Business News Network (BNN) Energy & Resources (Canada)]

UNITED OVRSEAS BK S/ADR (UOVEY) 
NASDAQ:AMEX Investor Relations: uobgroup.com/investor/index.html
Fears of Argentina default loom large as traders dump everything Argentina is once again on the cusp of a full-blown financial crisis. In the wake of President Mauricio Macri’s stunning rout in primary elections over the weekend, investors dumped its stocks, bonds and currency en masse, leaving much of Wall Street wondering whether the country was headed for yet another default. The upset, widely seen as a preview of October’s presidential vote, threw the doors open to the very real possibility a more protectionist government will take power come December and unravel the hard-won gains that Macri made to regain the trust of the international markets. It deepened worries his populist opponent, Alberto Fernandez, and running mate, former president Cristina Fernandez de Kirchner, will try to renegotiate its debts as well as its agreements with the International Monetary Fund. The country has billions in foreign-currency debt due over the coming year. “The market is starting to price in d Show less Read more
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