- "Things are rapidly coming unglued" in Argentina (ARGT), and worries are growing about the potential for the country’s woes to spill outside its borders.
- Worries about Argentina’s thinning foreign exchange reserves helped spark a 15%-plus drop in the Argentine peso today, as traders say the central bank stopped defending the currency - a sign it may be hitting the bottom of its foreign currency reserves.
- Argentina's trade surplus fell 67% Y/Y to $272 million in December amid a plunge in exports.
- The turbulence has spilled over into stocks, as U.S.-listed shares of energy giant YPF tumbled 12% today, adding to an 8.9% decline yesterday.
From other sites
at Nasdaq.com (Dec 10, 2014)
at Nasdaq.com (Dec 1, 2014)
at CNBC.com (Sep 24, 2014)
at MarketWatch.com (Aug 20, 2014)
at CNBC.com (Aug 1, 2014)
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