Contrasting and controversial political ads for the Argentine presidential election next October have emerged allegedly launched by Mauricio Macri's advisory team, and they have caused quite a surprise when not a stir. The idea is to promote public works and investments undertaken by the Macri administration despite the virulent criticism of current policies.
Argentina will pay for unforeseen increases in the cost of cooking gas following public outrage and opposition in Congress to stymie the plan which would have seen consumers paying increased gas prices in 24 installments from January 2019.
S&P said on Friday it may lower Argentina's long-term foreign currency rating from its current B+ grade, which is four notches below investment grade -- and on par with Turkey, Greece and Fiji. The ratings company cited the risk of worsening creditworthiness and exchange rate volatility as potential threats to the economic adjustment measures undertaken by Mauricio Macri’s administration.