When Argentina’s economy takes off, investors are looking for good returns

Argentina’s government is offering the first official guarantee of its government bond rating as it seeks to recover from the global economic shock.The announcement came after Argentina’s central bank on Thursday downgraded the country’s credit rating to Baa3 from Aaa3, marking the first time the central bank has given a guarantee to an issuer of […]

IMF suspends asset purchase program after Kazakhstan’s economic problems

Kazakhstan is suspending its program of buying foreign assets, including $3 billion worth of U.S. Treasury bonds, according to a statement posted to its website.The move comes after Kazakhstan has said that it would cut its deficit in half by the end of the year.The decision is the latest blow to the U.N. economic agency, […]