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Argentina nears end of a key rate floor

Bloomberg Argentina’s central bank may eliminate the floor on its benchmark interest rate in early December if it sees a second consecutive decline in inflation expectations, according to two people with direct knowledge of the plan. The decision to eliminate the 60 percent floor may come as early as December 3, said the two people. Policy makers want to see ...

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Africa central banks may move to tighten monetary policy

Bloomberg A plunging oil price gives African central banks more to think about as they move towards a cycle of raising interest rates. With a month to go before the US Federal Reserve delivers what would be its fourth interest-rate increase of the year, African policy makers may still move to tighten to avoid a further sell-off of assets and ...

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UAE student-made nanosatellite successfully launches into space

ABU DHABI / Emirates Business Yahsat, UAE-based global satellite operator wholly-owned by Mubadala Investment Company, and Khalifa University of Science and Technology, and Northrop Grumman Corporation, a leading global security company, on Saturday announced the successful launch of the MYSAT-1 CubeSat to the International Space Station (ISS) on board the Northrop Grumman Cygnus spacecraft. The launch took place at the ...

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