Argentine President Mauricio Macri conceded defeat in Sunday's presidential election, congratulating rival Alberto Fernandez on winning the election.
Argentine President Mauricio Macri's performance this Sunday following the trashing defeat he suffered last August during the PASO primaries (48% to 32%), was in effect quite surprising. He managed to recover eight points and cut the difference from 16 to eight points, 48% to 41%, besides winning in the main electoral districts of Argentina except for the always decisive Buenos Aires province.
On Sunday 33.8 million Argentines will vote for a president, for the renewal of the 130 members of the Lower House and a third of the Senate, 24 out of 72. But results should come as no surprise since a majority of the Argentine electorate has zapped to an old déjà vu show, fed up with president Mauricio Macri and his pro-business policies.
Argentina's Navy training tall vessel ARA Libertad on her 48th voyage docked on Thursday in London, where she was received by the Argentine Ambassador to the United Kingdom, Carlos Sersale, representatives of the Royal Navy and members of the Argentine community in UK.
Argentines head to the polls on Sunday with the Peronist opposition strong favourites to take back the presidency from business-friendly reformer Mauricio Macri, who has been stung by a tumbling economy and financial crises.
Rating agency Fitch said on Thursday that Argentina’s weak credit fundamentals, in terms of both liquidity and solvency, limit the scope for a debt exchange that minimizes losses for investors beyond maturity extensions.
Argentina has been facing significant financial issues in the last decade, and Uruguay wealth management teams are poised to take advantage.
A possible victory of opposition candidate Alberto Fernández in Argentina's presidential election on Sunday could put the Mercosur trade bloc at risk, Brazil's right-wing president, Jair Bolsonaro, said on Wednesday.
Argentine markets are set for another bout of nerves after the country holds a presidential election on Sunday, likely to confirm defeat for business-friendly President Mauricio Macri.
Argentines are headed to the polls for their general election on Sunday Oct. 27. They will cast their votes against a backdrop of wide discontent with the way things are going in the country and little faith in their elected officials and public institutions, according to a Pew Research Center survey.