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Oops, Cristina Kirchner did it again

Argentina has so far led investors to believe that it is ready to default if necessary to avoid the New York court’s ruling. That reaction, although less than surprising, would worsen further its lack of credibility.

China keeps exceeding expectations

By CaixaBank analysts | China exceeds expectations with 7.9% growth in GDP year-on-year in the fourth quarter of 2012. Indicators confirm that Chinese exports picked up again in December.