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Argentina asks crop exporters to make $1b in sales next week

  Bloomberg Argentina’s government has asked the country’s crop export and processing companies to make sales equivalent to $1 billion over the next week as it seeks to bolster reserves. The government discussed with Ciara-Cec, a group that represents more than 40% of Argentina’s exports, a mechanism implemented this week that aims to encourage the sale of crops and bring ...

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S&P cuts Hungary’s outlook to negative

Bloomberg Hungary’s outlook was revised to negative from stable by Standard & Poor’s Global Ratings as the nation tackles the fallout from war in neighbouring Ukraine and government wrangles with the European Union over billions of euros in funding. The country’s credit grade was maintained at BBB, the second-lowest investment grade, S&P said in a statement. That matches the level ...

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Chinese bonds rally as rate cut reinforces split with Treasuries

Bloomberg China’s sovereign bonds are back on the menu for foreign investors. The nation’s debt rallied on Monday after the central bank unexpectedly cut interest rates, with the 10-year yield dropping to the lowest level in more than two years. The surprise easing move underscores how the nation’s bond market offers investors an asset class that’s uncorrelated to Treasuries and ...

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