GLOBAL - Russia's ruble and the Korean won slumped and borrowing costs for developing countries climbed to a five-year high as Argentina's planned seizure of pension funds stoked concern the nation faces its second default this decade.
The ruble dropped as much as 1% to a two-year low, and the won added to a 32% slide this year by falling 3.3%, as investors exited emerging markets. The extra yield bondholders demand to buy deve...
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