Economic Rally for Argentines Defies Forecasts
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Argentina's economic recovery has been achieved in part by ignoring and even defying economic and political orthodoxy.
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The retailer posts strong gains in earnings and sales, but projections disappoint the Street.
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Earnings expectations were trounced, but projections don't measure up.
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By Louise Egan BUENOS AIRES, Argentina  - On the cusp ofArgentina's historic $102.6 billion debt restructuring, thegovernment on Wednesday warned investors the offer is final andwill never be improved or repeated.
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The number of workers seeking jobless aid fell more than expected last week and the service sector grew steadily in August, according to data on Thursday that pointed to economic strength despite credit market turmoil and a slumping housing market.
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The eurozone economy is on course for growth next year of about 2.0 percent despite the euro's record-breaking rally against the dollar, the European Union's executive arm revealed.
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Argentina will issue up to $41.8 billion in new bonds as part of its world-record swap of $100 billion in defaulted debt, Economy Minister Roberto Lavagna told reporters on Monday.
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Argentina on Friday launched its historic offer to restructure &#36;102.6 billion in defaulted debt but angry creditor groups began their own counter-offensive in a battle to win the support of undecided bondholders.
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After living through bouts of hyperinflation, recession and food riots, Argentines appear to be in no mood to put a recent economic recovery at risk by voting for change in next month's presidential election.
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Most polls project first lady Cristina Fernandez de Kirchner will crush 13 rivals Sunday to replace her husband as Argentina's president. But no matter how easy her win, what follows will be tough: easing poverty, inflation and unemployment
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The future of the economy looks strong for San Diego County but less promising for the nation as a whole, according to two economic reports released yesterday.
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Sir, After all of Argentina&#39;s economic pain, one can understand Alfonso Prat-Gay, Argentina&#39;s central bank governor, taking satisfaction from the stronger-than-expected bounce in the country&#39;s economy over the past two years (&quot;How Argentina defied the
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KELOWNA, BC - The federal government and the provinces will have more money than expected because the economy has been growing faster than forecast, Prime Minister Paul Martin said Tuesday.
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By Louise Egan BUENOS AIRES, Argentina  - Argentina on Fridaylaunched its historic offer to restructure $102.6 billion indefaulted debt but angry creditor groups began their owncounter-offensive in a battle to win the support of undecidedbondholders.
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By Mary Milliken BUENOS AIRES, Argentina  - With the same pots,pans and chants from the economic crisis three years ago,Argentines are returning to the streets to punish theirpoliticians, this time for not averting the country's deadliestdisaster in decades.
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First lady Cristina Fernandez de Kirchner swept to victory in Argentina's presidential race on her husband's economic successes, but now confronts stern challenges posed by the boom he helped create.
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Rodrigo Rato, managing director of the International Monetary Fund, on Tuesday urged Argentina to increase government saving and to arrive at a âcomprehensiveâ agreement with its private creditors.