Tag: Open, Simultanous and Compulsary Primary elections (PASO)

Friday, August 16th 2019 - 07:35 UTC
Argentina: Macri announces the end of sales taxes on basic food products until 2020

Argentine President Mauricio Macri, trying to recover from a bruising primary election loss, announced on Thursday an end to sales taxes on basic food products until the end of the year in a bid to salvage his re-election prospects and end an economic crisis.
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.
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 - 08:08 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.
Monday, August 12th 2019 - 05:55 UTC
Landslide victory for the opposition in Argentina: Macri's reelection undermined; challenging Monday for markets

President Mauricio Macri suffered a crushing defeat as Argentines voted in party primaries on Sunday ahead of October's general election. Given that all of the recession-hit country's major parties have already chosen their presidential candidates, the primaries effectively served as a nationwide pre-election opinion poll.