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From tsunami to ripples: other emerging markets surf Argentina’s latest shock

By Tom Arnold LONDON (Reuters) – Argentina’s latest financial market shock has failed to swamp other emerging markets in the way its previous plunges have...

Argentina central bank faces crucial peso test ahead of fraught election

By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank will play a crucial role in propping up the peso ahead of...

Germany ready to ditch balanced budget in case of recession: Spiegel

BERLIN (Reuters) – Germany’s right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a...

Yields rise from three-year lows, trade concerns remain

By Karen Brettell NEW YORK (Reuters) – Benchmark U.S. Treasury yields rose from three-year lows on Friday as investors evaluated how far damage from the...

Interest rate cut will stimulate Mexican economy: president

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday that while Mexico faced a difficult economic environment, this week’s interest...

UK judge blocks $15 billion transfer of Prudential annuities to Rothesay...

By Simon Jessop LONDON (Reuters) – A UK High Court judge has blocked the transfer of 12 billion pounds ($15 billion) in annuities from insurer...

U.S. housing starts drop for third straight month

WASHINGTON, (Reuters) – U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units,...

China to rely on reforms to lower real interest rates, cabinet...

BEIJING (Reuters) – China will rely on market-based reform measures to help lower real interest rates for companies, unveiling some plans to help banks...

Brazil’s foreign exchange move paves way to reduce $385 billion reserve...

By Jamie McGeever BRASILIA (Reuters) – Brazil’s decision to sell dollars on the spot market for the first time in a decade is a sign...

Novo Nordisk sued in Denmark for alleged market manipulation: media

COPENHAGEN (Reuters) – Danish insulin-maker Novo Nordisk <NOVOb.CO> has been sued by investors demanding 11.8 billion Danish crowns ($1.8 billion) in compensation for the...
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