MercoPress. South Atlantic News Agency
Stories for September 21st 2018
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Friday, September 21st 2018 - 08:47 UTC
Argentine Peso at an equilibrium point, says head of Central bank
Argentina’s central bank now sees the Peso at an equilibrium level, chief Luis Caputo told market participants who attended a meeting with him on Thursday. The statement comes after two days of strengthening by the peso following a rout that sent it to a record intra-day low in late August.
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Friday, September 21st 2018 - 08:42 UTC
Brazil stocks lower but the Real currency recovered against the US dollar
Brazil stocks were lower after the close on Thursday, as losses in the real estate, industrial and financial sectors sectors led shares lower. At the close in Sao Paulo, the Bovespa index lost 0.01%.
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Friday, September 21st 2018 - 08:35 UTC
US/Beijing trade war: China plans to reduce tariff rates on imports next October, reports Bloomberg
China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.
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Friday, September 21st 2018 - 08:31 UTC
Argentina/IMF making “important progress” on reforms for loan package, but no specific timeline
Argentina's budget proposal submitted this week is a key element in the reforms needed for a new loan package for the crisis-hit country, an International Monetary Fund spokesman said Thursday.
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Friday, September 21st 2018 - 08:24 UTC
Argentine stock market booming with new highs for seventh day running
The Argentine stock market is booming and on Thursday confirmed its seventh day running increase as investors are flocking encouraged by an imminent accord between the president Mauricio Macri administration and the IMF for a new loan package including reforms and a balanced budget in the next 18/24 months.
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Friday, September 21st 2018 - 08:21 UTC
Peruvian congress renews confidence in cabinet of president Vizcarra
Peru’s opposition-run Congress renewed its confidence in the cabinet of President Martin Vizcarra on Wednesday, averting a political crisis that could have forced new legislative elections.
