Investment in Argentina Booms International and Argentine companies have announced nearly $9 billion in investments in the country, signaling that confidence is beginning to creep back, nearly two years after the government defaulted on its debts, devalued the currency and unilaterally rescinded contracts that forced dozens of banks and companies into insolvency. Spanish-owned Repsol-YPF , which has most of its reserves in Argentina, announced it would invest $5.5 billion through 2007. Argentine-owned Techint announced it will build a $1 billion gas pipeline stretching 1,500 kilometers (930 miles) from Bolivia to central Arg

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