The risk of contagion has flared-up following a stock market and currency crash in South America's second-largest country, analysts told CNBC on Tuesday.The surprise result set off a shockwave in financial markets, with the peso closing 15% weaker at 53.5 per U.S. dollar and Argentina'sIt marked the second-biggest one day slump anywhere since 1950, Reuters reported.Andrea Iannelli, investment director at Fidelity International, told CNBC's "Squawk Box Europe" on Tuesday that it was hard to see how Argentina's stock market and currency crash could be completely isolated. Once associated with the confession of sins before Lent, the day acquired the character of a carnival in many places and is commonly associated with the eating of pancakes or other sweets. Taking its influence from the very popular Italian carnivals, the Argentine Carnival spread into a national holiday and a huge tourist attraction.Provides calendars for the calendar year for Argentina.Provides the dates for holidays for the calendar year for Argentina.We use cookies to personalize content, ads, and provide social media interaction and analyze traffic on our site. Argentina's super-sensitive peso, seen by some as a guide for the country's economy, could fall another 20% amid heightened political uncertainty, Morgan Stanley said Monday, according to … In 1950, Argentina’s postwar export boom tapered off, and inflation and corruption grew. The Department of State has issued a Level 4 (“Do Not Travel”) advisory for Argentina for U.S. citizens due to COVID-19. “Former Argentine President Carlos Menem who once declared: ‘In Argentina blacks do not exist, that is a Brazilian problem.’” – The Root. Clean Monday begins the season of Great Lent in Eastern Orthodox Churches.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Argentine President Mauricio Macri, who has been defeated in the primary elections for the reelection, during a press conference at the Casa Rosada, the government house, in Buenos Aires, Argentina, Monday, Aug. 12, 2019.Argentina's election result could impact emerging markets: ExpertA view of Exchange house in Buenos Aires, Argentina. The price of cheap dollar-debt. The business-friendly president had promised to continue with the same austerity-driven approach if re-elected later this year.He had hoped recent glimmers of an economic revival would be enough to encourage voters to stick with his free markets reform agenda despite a recession and 55% inflation.However, analysts told CNBC that his re-election chances were now looking "increasingly bleak. After being reelected in 1951, Peron became more conservative and repressive and seized control of … In order to halt the peso from collapsing further, the IMF, after some serious begging from the government, had agreed to a $50-billion bailout package in June, to be disbursed in increments. "The dramatic stock market and currency moves prompted Argentina's central bank to intervene in the foreign exchange market, in order to defend the peso in the wake of a massive sell-off. The Argentina Carnival occurs every Monday and Tuesday before Ash Wednesday, marking the beginning of Lent. This carnival takes up a span of two whole days with the Carnival de Lunes and the Carnival de Martes.
"The U.S. bank warned of "further downside pressure and volatility in prices. – El Carnaval de la Quebrada de Humahuaca takes place in Tilcara, a city in Jujuy. Just when you think Argentina’s financial crisis can’t get worse, it gets a whole lot worse.
It’s no longer a secret: Argentina is one of the most welcoming retirement destinations you’ll find… anywhere. In Cyprus, the holiday may be called 'Green Monday'. This carnival takes up a span of two whole days with the Carnival de Lunes and the Carnival de Martes.This national holiday calls people to dance, parade and play games to experience a heck of a good time. By Kevin Casey. Retiring in Argentina Comes With a Lot of Positives. Data is a real-time snapshot *Data is delayed at least 15 minutes. ""But… Let's not get too carried away because the general fundamental picture in emerging markets — with a Federal Reserve that continues to cut rates and global monetary policy that is being eased everywhere — is actually pretty good," Ianelli said.Emerging markets are likely to benefit from lower borrowing costs stateside because it gives them welcome breathing space to cut rates and get back on a path to higher growth.At a news conference Monday, Macri said his coalition would reverse the "bad primary election result" despite a surprisingly strong performance by the opposition.The result of the primaries, seen by many as a key gauge for the first round of Argentina's presidential elections on Oct. 27, is thought to be a clear signal that the South American country is ready to reject the ruling government's austere economic policies.The opposition ticket of center-left Alberto Fernandez, whose running mate is populist ex-leader Cristina Fernandez de Kirchner, secured a much-wider than expected 15.5 percentage point margin over the president.
Shrove Tuesday, the day immediately preceding Ash Wednesday, celebrated as the last day before the Lenten fast. During Argentina's military dictatorship, as many as 30,000 people simply “disappeared,” including some young, pregnant women, whose babies were then … "Got a confidential news tip? Travelers to Argentina may experience border closures, airport closures, travel prohibitions, stay at home orders, business closures, and other emergency conditions within Argentina due to COVID-19. Argentina's peso and stock market sold off steeply Monday after the country's center-right leader, President Mauricio Macri, performed poorly in primary elections. "We are going to get a spill over (or) contagion of some sort. Traditions of Clean Monday. The above is the list of 2020 public holidays declared in Argentina which includes federal, regional government holidays and popular observances. "You have one option which is to print peso's like there is no tomorrow and you have another option which is to print quite a lot — and it is scary.
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