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In Argentina, voters toy with ditching pesos for dollars

In inflation-hit Argentina, where rentals, cars, and appliances are increasingly priced in dollars to sidestep the volatile peso, a leading presidential candidate has sparked debate over whether to officially adopt the currency as a remedy to a battered economy.The Center for Argentine Economic Policy (CEPA) think tank has warned that replacing pesos with dollars at the true market price -- believed to be much higher than the controlled official rate -- would lead to a "mega-devaluation&#x2...
United States El Salvador Sergio Massa Patricia Bullrich Javier Milei Nicolas Ferreyra
Source: yahoo.com

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VinFast's US$190bil value screams silly SPAC, volatility in store

Vietnam’s EV producer VinFast is the third most valuable automaker in the world, following its SPAC merger. The valuation of the company is, however, highly inflated and the stock is likely to be volatile due to the low float and poor financial fundamentals.
United States Chris Bryant Pham Nhat Vuong Seatown Holdings International Pte Ltd Toyota Motor Corp Vinfast Auto Ltd

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