- Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears the move could diminish foreign reserves, stoke inflation and drive the economy deeper into recession. The Merval stock index was down nearly 7 percent in midday trading after Argentina walked away Wednesday evening from talks in New York, where a court-appointed mediator led negotiations with U.S.

Topics:  stocks   the merval   new york   u.s    argentina   i   defaulted   
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