argentina biggest loss

Months after Argentina's stock market suffered the second-largest crash in history, a hedge fund said its largest loss in the third quarter was its bet on the nation. All rights reserved. Your California Privacy Rights Video, 'Wake up, you've won a Nobel Prize' Video, Covid: Trump's son Barron had coronavirus, says first lady, Central Park: Amy Cooper 'made second racist call' against birdwatcher, Thai protests: Large gatherings banned under emergency decree, Coronavirus: France to impose night-time curfew to battle second wave, US election 2020: Why it matters so much to Germans, Hidden camera's hugging tiger wins wildlife photo award, Coronavirus: Ireland to bring in ban on household visits, Nagorno-Karabakh conflict: Armenian PM admits significant casualties, Amy Coney Barrett: Trump US Supreme Court pick grilled on presidential powers, Coronavirus: Berlin ad sticks middle finger to mask rule breakers. Even if he was not, the fund said, the country's economics and challenger Alberto Fernández's "background suggested that the draconian restructuring the market feared was unlikely.". VideoDramatic footage shows flood destruction in India, World reacts to long queues of voters in US, How to spot US election disinformation. Badly needed rains that had been expected in recent days never came. The drought has also hurt the poultry and pork sectors as well as the silos that store grain and the trucking and shipping companies that transport it. The S&P Merval Index plummeted 48% Monday, the second-largest single-day drop for any stock market since 1950. The value of grain exports this year could be cut by up to $3.4 billion as a result of the drought, according to recent estimates by the Buenos Aires Grains Exchange. parts of Ayolas, Pilar, Villalbín and the border areas of Misiones and Ñeembucú were also without power. Biden introduced Ukraine exec to VP dad: emails, Patriots teammate's 'annoyed' wife denies Cam Newton dinner, Colts make Philip Rivers decision after 'dramatic' message, Hunter Biden emails show leveraging links with dad to boost Burisma pay, Incoherent Mike Tyson leaves viewers worried in strange interview. The Biggest Loser is a reality television format which started with the American TV show The Biggest Loser in 2004. So far, the estimate for the soy harvest has dropped to 39.5 million metric tons, a 31 percent plunge from the 2016-17 season. The combined population of Argentina and Uruguay is about 48 million people. Video, Dramatic footage shows flood destruction in India, How to spot US election disinformation. The drought, which began in November, has caused big losses, reduced expectations of economic growth and raised concerns among farmers, government officials and experts in the world’s third-largest exporter of soybean and corn. Tierra del Fuego in the far south was the only area that remained unaffected because it is not connected to the power grid. A dead soy plant in a drought-affected field. .css-14iz86j-BoldText{font-weight:bold;}Power has been restored to much of Argentina and Uruguay after a massive electrical failure left tens of millions of people in the dark. That translates into an estimated $1.1 billion in losses. Third Point isn't the first hedge fund to note losses from bets on Argentina. Yes, I originally had the wrong image file in this position. Argentina’s main stock market plummeted 48 percent in U.S. dollar terms on Monday. said power had been restored to 88% of customers. After the rout, Third Point reduced its position in Argentina "at higher levels than are prevailing today." Jorge Josifovich, a farmer and agricultural engineer who provides advice to growers, looks at drought-affected soy near Pergamino, Argentina. President Mauricio Macri was counting on a near-record soy crop this year to boost economic growth to 3.5 percent in 2018. He picked up soy seeds from a plant that stands at about half its normal height. The blackout was prompted by a failure in an electrical grid that serves both Argentina and Uruguay. Coronavirus: Are some soaps better than others? The decision to seek what became the biggest bailout in the IMF’s history took only a few minutes.

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