Wed, Aug 14, 2019 - Page 10 News List

Fears of Argentine default loom large

SELLOFF:President Mauricio Macri’s defeat in primary elections drove investors to dump Argentine stocks, bonds and currency holdings, stoking fears of a default


In a press conference on Monday, Macri said he still has a shot to reverse the trend in October and that his economic team is working on measures to address voter concerns on the economy.

He also said that the market and international community lack confidence in Alberto Fernandez and the opposition as evidenced by the selloff.

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