![Argentina braces for market reaction to second default in 12 years](https://eng-archive.aawsat.com/wp-content/uploads/2014/07/Argentina-Economy-Minister.jpg)
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Media ID: 55334512
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Media ID: 55311219
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Argentina’s Economy Minister Axel Kicillof speaks during a press conference at the Argentina Consulate on July 30, 2014 in New York, following talks on Argentina’s debt. (AFP Photo/Stan Honda)
![Argentina braces for market reaction to second default in 12 years](https://eng-archive.aawsat.com/wp-content/uploads/2014/07/Argentina-Economy-Minister.jpg)
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File photo showing an aerial view of Casablanca, Morocco, with the King Hassan II Mosque at the forefront. (Reuters)
![Morocco real estate group to issue Kingdom’s first mortgage bond](https://eng-archive.aawsat.com/wp-content/uploads/2014/07/Casablanca-skyline.jpg)
Morocco real estate group to issue Kingdom’s first mortgage bond
Casablanca, Asharq Al-Awsat—Morocco’s Addoha Property Group is planning to issue bonds worth 2 billion Moroccan dirhams (244 million US dollars) this week, in a bid to restructure existing debt. Issued between July 23–25 the new restructured debt will be secured...Caption:
File photograph of Argentine peso (top) and US dollar (bottom) bills. (Ricky Rogers/Reuters/File)
![IMF worries Argentine case will hamper debt relief](https://eng-archive.aawsat.com/wp-content/uploads/2013/07/argentine-peso-US-dollar-IMF-e1374832027161.jpg)