Argentina’s Marcó del Pont gets green light but reserves plan fails

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Argentina's Senate on Thursday approved the appointment of Mercedes Marcó del Pont as governor of the central bank by a single vote.

The 35-34 vote, which senators have resisted owing to a fallout between the various opposition factions that together constitute the majority in the upper house, came the day after the lower house rejected President Cristina Fernández's second pair of emergency decrees forcing the use of central bank reserves to repay bondholders.

Investors, however, seemed immune

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