MercoPress. South Atlantic News Agency
Argentina and Brazil markets open Wednesday with steep losses
Latin American stocks hovered near 2019 lows on Wednesday led by steep losses in Argentina and Brazil which resumed trading after a two-day Carnival holiday, while currencies of oil exporters in the region fell as crude prices came under pressure. MSCI's index of Latin American stocks fell 1.3%, tracking losses across the region, barring Chile and Colombia which ended higher. Read full article
Comments
Disclaimer & comment ruleswhy is THAT a “news”?
Mar 07th, 2019 - 11:50 am - Link - Report abuse +1“Argentina is going through a crisis that originated in 2018...”
Mar 08th, 2019 - 04:34 pm - Link - Report abuse -1Correction. Argentina's recession pairing up with high inflation originated Dec. 10, 2015 -- the day Mauricio Macri assumed the presidency. Inflation did exist before that date. However, the deep deterioration of all productive sectors, the fall in purchasing power and un unprecedented increase of foreign debt and capital flight belong to the current “business friendly” government.
The continued bad economic news in Argentina have now been a bit tempered by a scandal shaking the very foundations of the federal justice, as evidence coming out every day shows prosecutor Stornelli working with a false lawyer and a Clarin journalist to extort money from individuals under the threat of being involved in the “notebook corruption” affair and put in prison.
http://www.batimes.com.ar/news/argentina/prosecutor-delgado-dalessio-scandal-is-part-of-a-judiciary-in-crisis.phtml
@Enrique Massot
Mar 08th, 2019 - 05:07 pm - Link - Report abuse +2Please do not try to shake the foundation+tradition on which many nations were built! The masses would just feel completely lost without living in misery & corruption! Afterall, they are making their best efforts to lead their lives as they are well-accustomed to!
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