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Argentex seeks emergency loan, sale, as financial position worsens

Professional Services Correspondent

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A London currency firm that was caught out by the falling dollar said it is seeking an emergency loan before a potential sale after its financial position deteriorated.

Argentex asked for its shares to be suspended on 22 April. It told the stock market that it had been hit by margin calls after US president Donald Trump’s tariff announcement weakened the value of the US dollar.

London-listed currency firm said its liquidity position has deteriorated

James Booth

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