Economics
Hard-to-Believe GDP in Argentina Triggers Warrants Surge
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Securities linked to Argentina’s economy are surging by the most in almost three years as faster-than-projected growth fuels speculation the nation will expand enough this year to trigger a payout.
The warrants jumped 13 percent to a high this year of 8.1 cents yesterday after President Cristina Fernandez de Kirchner said on July 17 the economy grew 7.8 percent in May from a year earlier, exceeding economists’ estimates for 5.9 percent. Their