AEROTERROR: A regular flight from Caracas to Tehran carried more drugs and money than people by BusinessInsider.com : Wednesday 03:14:42 CTCategories: markets, streamFrom 2007 to at least 2010, there was a flight from Caracas, Venezuela to Tehran, Iran that made a stop in Damascus, Syria.Hugo Chavez and Mahmoud Ahmadinejad reportedly called it ‘Aeroterror.’ Only government officials with a special clearance […]
Concerns over China’s manufacturing slowdown left investors wary of equities and emerging market currencies; dragging the domestic benchmarks to heavy losses. The concerns merged with fears of the Federal Reserve further trimming its economic stimulus. The Dow had its worst day since last June while the blue-chip index and S&P 500 suffered their worst weekly runs in many months. Improved […]
REUTERS/Marcos BrindicciTraders work on the Buenos Aires Stock Exchange floor during mid-afternoon trading, May 7, 2004.See AlsoThe Emerging Market Currency Bloodbath In One Horrific ChartArgentina Just Made A Huge Change To Its Currency Policy A Day After Its Peso CrashedTHE GLOBAL 20: Twenty Huge Trends That Will Define The World For DecadesIt’s ugly out there.
Even after Thursday’s 175-point (1%) plunge […]
In Argentina’s stock market, investment decisions are based mainly on the behavior of the US dollar/Argentine peso exchange rate. Since 2011, Argentina’s government has introduced several measures that have made this possible.As an introductory note, Argentina’s economic history has been dominated by a preference to save money in US dollars (USD). This behavior is a consequence of the high inflation […]
