Argentina

• Thursday, August 15th 2019 - 05:53 UTC

  Macri finally called Fernandez and had a “long and good” phone call, hopefully to help stabilize the economy

  

  Argentine President Mauricio Macri finally, on Wednesday, reached out to the winner of Sunday’s primary vote -- initially through a Whatsapp message. The message led to a “long and good” phone call between the two, the first since Alberto Fernandez’s resounding victory turned him into the clear favorite to win the Oct. 27 election.

• Thursday, August 15th 2019 - 05:30 UTC

  Macri announces measures to cut taxes and prop consumption hopefully to brighten Argentine pockets

  

  Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and tax cuts for lower-income workers to lessen the impact of an economic crisis just months before a re-election bid, but his announcement did not halt the peso currency's collapse.

• Thursday, August 15th 2019 - 05:20 UTC

  Bolsonaro insists Argentina is heading for “Venezuelan chaos” with the “leftist bandits”

  

  Brazilian President Jair Bolsonaro said on Wednesday that Argentina was heading for chaos as “leftist bandits” who performed well in the primary election will follow the path of Venezuela, which is mired in a deep economic crisis. Argentina's Merval stock index was down 34.47% since the start of the week.

• Wednesday, August 14th 2019 - 09:08 UTC

  What will be the IMF's reaction to the new Argentine political scenario?

  

  Argentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in party primaries.

• Wednesday, August 14th 2019 - 08:22 UTC

  Alberto Fernández is no stranger to Argentine politics

  

  Presidential candidate Alberto Fernández pulled off a resounding victory in Argentina’s primary elections last Sunday when he received 47% of the vote. Argentine President Mauricio Macri, a conservative leader known for tough austerity measures, received just 33% of the vote.

• Wednesday, August 14th 2019 - 08:08 UTC

  Argentina’s political rivals must face up to urgent economic realities

  

  By Héctor Torres (*) for Financial Times - Argentina went to the polls on Sunday to choose the candidates in the presidential election to be held on October 27. However, there were no competing candidates as all the main parties only presented one option.

• Tuesday, August 13th 2019 - 09:51 UTC

  Macri vows to win a second term in October despite Sunday's trouncing

  

  Argentina's president Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling.

• Tuesday, August 13th 2019 - 06:38 UTC

  Bolsonaro warns of Argentine exodus into Brazil if the “leftist scoundrel” Cristina Fernandez returns to office

  

  Conservative president Jair Bolsonaro warned on Monday that Brazil could see a wave of migrants fleeing Argentina if a presidential election in that country returns leftist politicians to power, after their strong showing in a Sunday primary vote.

• Tuesday, August 13th 2019 - 06:30 UTC

  US/China trade war and the Argentine situation impacts on Brazil's central bank policy of lower interest rates

  

  Brazil’s central bank will have to weigh potential price pressures from the U.S.-China trade war against prospects of a disappointing recovery when determining how long its easing cycle will last.

• Monday, August 12th 2019 - 20:18 UTC

  A Monday of financial turmoil in Argentina as markets digested Sunday's primary results

  

  Argentina's currency collapsed 30.3% to a record 65 Pesos to the US dollar while government bonds sold off steeply on Monday after the country’s market-friendly, President Mauricio Macri, performed worse than expected in Sunday primary elections.