MANCHESTER, England — Manchester City strengthened its defense for the team's bid to regain the Premier League title by signing Argentina center back Nicolas Otamendi from Valencia on Thursday, taking spending this summer close to 100 million pounds ($156 million).Otamendi signed a five-year deal and reportedly cost City about 40 million euros ($44.6 million). He became the fourth Argentina player in City's squad, joining Pablo Zabaleta, Martin Demichelis and Sergio Aguero.City has already signed Read more [...]

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Argentina’s black market peso fell to its lowest in 10 months on expectations that a new government in December will have to devalue the official rate which is strictly controlled by the central bank. The street value of the peso weakened 0.98 percent to 15.3 pesos per dollar, according to Ambito. That compares with an official exchange rate of 9.25. While the majority of emerging market countries from China to Brazil are weakening their exchange rates to remain competitive, President Cristina Read more [...]