DIRS.INFO The most relevant business & tech news

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said 22-year-old student Aylen Chiclana in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, We're, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel Organizations: REUTERS, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

☆ Argentina's presidential rivals clash in key voter battlegrounds
▼ + stars: | 2023-11-13 | by ( Lucinda Elliott | ) www.reuters.com time to read: +5 min

[1/2] Argentina's presidential candidate Sergio Massa addresses supporters as he reacts to the results of the presidential election, in Buenos Aires, Argentina October 22, 2023. Center-left Peronist economy chief Sergio Massa faces libertarian outsider Javier Milei in the Nov. 19 vote, with polls suggesting a likely photo finish. "Both are scary," said Gonzalez, adding that most people she knew were planning to cast their votes for Milei. Massa pulled off a surprise win in the October first round, attracting 9.6 million votes, ahead of Milei on 7.9 million. There were nearly 10 million votes for other candidates, people who voted blank or spoiled ballots.

Persons: Sergio Massa, Martin Cossarini, Javier Milei, Pragmatist Massa, Fatima Gonzalez, Gonzalez, Massa, Joaquin Gonzalez, Milei, Patricia Bullrich, Mauricio Macri, Juan Schiaretti, Maria Elena Bazzano, Argentine Pope Francis, Luiz Inacio, Lula, da Silva, Romina Viola, Alberto Fernandez, Fernandez, Lucinda Elliott, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, Peronist, Milei, Massa, Reuters Graphics, Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Cordoba province, Milei, Cordoba, China, Argentine, Brazilian

☆ This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.
▼ + stars: | 2023-11-11 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

AdvertisementAdvertisementArgentina is getting ready to choose its next president — and the country's economy is a mess. Triple-digit inflationSoaring prices are perhaps the best-known problem plaguing Argentina's economy, but far from the only issue that policymakers are battling. The currency is managed by Argentina's central bank. If, or more likely when, Argentina's economy slips into another recession, it'll be the sixth such occurrence in the past decade. His proposed policies include abolishing Argentina's central bank altogether and adopting the dollar, which economists have warned could end up pushing the country even closer to a default.

Persons: —, Sergio Massa, Javier Milei, Manuel Cortina, Lucila Bonilla, Bonilla, they've, Kimberley Sperrfechter, There's, there's, Massa, Cristina Sille, Donald Trump, Bolsonaro, they'll, Sperrfechter Organizations: Service, Union, Homeland, Triple, Consumer, National Institute of Statistics, Argentinian, Oxford Economics, The Central Bank of, International Monetary Fund, Reuters, World Bank, FX, Central Bank of, Peronist Locations: Argentina, American, Buenos Aires, Central Bank of Argentina

[1/4] Argentina's presidential candidate Sergio Massa speaks during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. But they are cautious about making hard predictions on the back of two bruising election surprises. However, pollsters Reuters spoke to said it was a "wide open" race and that either candidate could triumph. Lautaro Díaz, 35, who intends to vote for Milei, said Bullrich's backing had made the "possibility of (Milei) winning more real." Federico Aurelio, head of pollster Aresco, said the race was wide open, with plenty of time for skeptical voters to change their minds.

Persons: Sergio Massa, Cristina Sille, Javier Milei, Milei, pollsters, Vilker, Trespuntozero, Massa, Patricia Bullrich, Analogias, Bullrich, Lautaro Díaz, Matteo Bettini, Federico Aurelio, pollster Aresco, Nicolas Misculin, Horacio Soria, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, pollsters Reuters, Milei, Massa, University of San, Atlas Intel, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Massa, University of San Andres, Peronist

☆ Argentina retail prices seen slipping under double digits in October
▼ + stars: | 2023-11-10 | by ( Hernan Nessi | ) www.reuters.com time to read: +3 min

REUTERS/Matias Baglietto/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 10 (Reuters) - Argentina's consumer prices likely rose by less than double digits in October, a Reuters poll showed on Friday, slowing down after hitting a three-decade high in September. The poll, which surveyed 19 analysts, showed consumer prices increasing by 9.9% in the month, slowing from the 12.4% rise in August and 12.7% climb in September, though they warned the slowdown would be temporary. "However, consumer prices are still going up quickly, especially considering the official exchange rate and government controls." The tightly controlled official exchange rate was devalued to 350 pesos per greenback in August, though it currently trades for nearly three times that on the informal parallel market. "The effect of August's peso devaluation was diluted, but it seems more inertia is building now than from before the previous exchange rate shock."

Persons: Matias Baglietto, Sergio Massa, Javier Milei, Lucio Garay Mendez, Massa, Garay Mendez, Jeronimo Montalvo, Hernan Nessi, Kylie Madry, Chizu Organizations: Mercado Central, REUTERS, Economy, U.S, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Empiria

☆ Exclusive: Inside IMF, stance hardens on Argentina as $44 bln deal skids off track
▼ + stars: | 2023-11-09 | by ( Jorgelina Do Rosario | Thomson Reuters | Jorgelina Do Rosario Is Emerging Markets Correspondent At Reuters Based In London | ) www.reuters.com time to read: +5 min

With "depleted reserves and an overvalued currency, recent economic measures are not aligned with the programme," a second source added. In an August report, the IMF said that Argentina's programme had gone off track, but allowed for changes in some goals - such as easing reserves targets - to put it back on course. It also comes at a sensitive time for the cash-strapped country, which has a review of the programme scheduled for early November. During the Oct. 30 meeting, a representative for Argentina said that the country was committed to remain current with IMF payments, one source added. Reporting by Jorgelina do Rosario in London Editing by Karin Strohecker and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Sergio Massa, Javier Milei, Mauricio Macri's, Jorgelina, Karin Strohecker, Matthew Lewis Organizations: Argentine, REUTERS, Monetary Fund, JPMorgan, IMF, Argentina's, Farmers, Peronist Economy, Argentina, Peronist, Thomson Locations: Argentina, Rosario, Washington, London

BUENOS AIRES, Argentina (AP) — As thousands of Taylor Swift fans eagerly lined up Thursday for the superstar’s first-ever concert in Argentina, they saw themselves surrounded by posters urging them to not vote in favor of right-wing populist Javier Milei in next week’s presidential election. “A Swiftie Doesn't Vote Milei,” read one of the posters, using the term commonly used to describe fans of the 12-time Grammy winner. “Taylor defends lots of positions and things that Milei doesn’t represent,” said 17-year-old Julieta Bracamontes. Milei “represents the antidemocratic right that comes to take away all our acquired rights,” the fan club said in a news release. But "it’s OK, I don’t think she’ll see it.”

Persons: Taylor Swift, Javier Milei, “, ”, “ Taylor, Julieta Bracamontes, Argentina’s Donald Trump, Trump, Constanza Trunsky, Swift, Milei, “ Massa, Sergio Massa, Milei’s, Swifties, Joe Biden ’, Milei “, Massa, Lucila, Malena Garachena Organizations: Trump, Economy, Milei Locations: BUENOS AIRES, Argentina, Buenos Aires, South America

☆ Argentina polls show election race tightening; winner hard to call
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/4] Argentina's presidential candidate Sergio Massa speaks during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. REUTERS/Cristina Sille/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 6 (Reuters) - Argentina election polls are showing an increasingly tight race between Peronist economy minister Sergio Massa and radical libertarian Javier Milei ahead of a runoff ballot on Nov. 19. The new poll surveyed 2,324 people between Nov. 1-3 and claimed a margin of error of 2.4%. "The difference in favor of Sergio Massa was reduced from 8 to 3 points compared to the first three days after the general election, when the impact of his win shook everything up," Analogias said. Another poll, from Brazil-based Atlas Intel, meanwhile, showed Milei ahead of Massa with 48.5% to 44.7%, with some 7% of people responding "don't know" or saying they would vote blank.

Persons: Sergio Massa, Cristina Sille, Javier Milei, Analogias, Massa, Milei, Patricia Bullrich, Mauricio Macri, Adam Jourdan, Jonathan Oatis Organizations: REUTERS, International Monetary Fund, Milei, Massa, Intel, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil

☆ Argentina used Chinese yuan for part of its payment to the IMF as US dollars remain scarce
▼ + stars: | 2023-11-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Argentina leaned on its $18 billion currency swap line with China to cover part of an IMF payment, sources told Reuters. This isn't the first time yuan was used to help meet IMF debt requirements. Argentina had 1.4 billion in SDR available last month, and used Chinese yuan to help close the gap, according to Reuters. Between June and July, $2.8 billion worth of yuan was used to help meet IMF obligations. And as Argentina taps Chinese yuan to repay the IMF, it's also using IMF money to repay China.

Persons: —, it's, Javier Milei, Sergio Massa Organizations: Reuters, Service, International Monetary Fund, IMF, People's Bank of, Development Bank of Latin Locations: Argentina, China, Buenos Aires, American, People's Bank of China, Qatar, Development Bank of Latin America, Argentine

☆ Argentina drivers hunt for fuel 'like water in the desert' amid shortage
▼ + stars: | 2023-10-30 | by ( Eliana Raszewski | ) www.reuters.com time to read: +4 min

"The truth is that I work with the car and it's like looking for water in the desert," said 38-year-old Cabify driver Raul Paretto. "It is distressing because you don't know on a day-to-day basis what can happen; we are living one day at a time." EXPORT HALT THREATOil executives cited planned halts at local refineries, which provide 80% of domestic supply, and the country's scarce foreign currency reserves that have held up imports. Argentina's government has fixed a local oil price at $56 per barrel, far below the international price around $86 to try to calm local inflation of nearly 140%. loadingA second industry source, also declining to be named, also said that the issue was not output, but issues in refining the crude oil and the hurdles to bringing in imports.

Persons: Sergio Massa, Javier Milei, Raul Paretto, Leonardo Villa, Jorge Chemes, Massa, Vaca Muerta, Eliana Raszewski, Claudia Martini, Maximilian Heath, Adam Jourdan, Barbara Lewis, Jonathan Oatis Organizations: Argentine Rural Confederations, Reuters, Thomson Locations: BUENOS AIRES, Argentine, Peronist, Buenos Aires, Argentina, Vaca

☆ Argentina poll shows ruling party hopeful Massa leading Milei
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

The survey from pollster Analogias put support for Massa, the outgoing government's economy chief, at about 42% versus 34% for Milei, a combative self-described anarco-capitalist. Political polling has been wildly off in Argentina in recent years, including ahead of last Sunday's first-round vote, when Milei led in nearly all polls but ultimately came in second to Massa by about six points. The new poll also shows nearly 18% undecided in the head-to-head match-up, while about another 6% said they will vote for no one. It also estimates Massa is winning about a third of those who supported last Sunday's fourth-place finisher, as well as almost 15% of those who opted for Bullrich. Reporting by Nicolas Misculin; Editing by David Alire Garcia; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Patricia Bullrich, Javier Milei, Analogias, Milei, Wednesday's, Massa, Proyeccion Consultoras, Nicolas Misculin, David Alire Garcia, David Gregorio Our Organizations: por la Patria, el Cambio, Massa, Bullrich, Consultora, Thomson Locations: BUENOS AIRES, Argentina, South America's

☆ Argentina's Milei nabs key endorsement, but critics quickly pounce
▼ + stars: | 2023-10-25 | by ( Nicolás Misculin | ) www.reuters.com time to read: +2 min

[1/3] Conservative Patricia Bullrich, who finished third in the first round of Argentina's presidential election, attends a press conference next to Luis Petri, in Buenos Aires, Argentina October 25, 2023. While Patricia Bullrich's endorsement could lead many of her center-right coalition's voters to also support the combative outsider Milei, criticism from within her Together for Change coalition showed at least some will not follow her lead. Bullrich's public backing of Milei quickly stoked divisions in the coalition she led, which months ago was the odds-on favorite to replace Massa's Peronists. Gerardo Morales, head of the more moderate Radical Civic Union party within Bullrich's coalition, derided her endorsement as "irresponsible," adding that the party will not endorse Milei or Massa. Analysts suggest the overall impact of Bullrich's endorsement will be limited, as some of her supporters will probably break for Massa.

Persons: Patricia Bullrich, Luis Petri, Matias Baglietto, Javier Milei, Patricia Bullrich's, Sergio Massa, Milei, Bullrich's, Bullrich, Mauricio Macri, Gerardo Morales, Horacio Rodriguez Larreta, Nicolas Misculin, David Alire Garcia, Steven Grattan, Diane Craft Organizations: REUTERS, Peronist, Massa, Massa's, Radical Civic Union, Buenos Aires, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Bullrich's, Massa, Buenos

Up for grabs are 8.8 million votes that went to the three losing candidates, conservative Patricia Bull, moderate Peronist governor Juan Schiaretti and leftist Myriam Bregman. Reuters GraphicsSchiaretti and Bregman, both left-leaning, in theory should shed most of their combined 2.5 million votes to Massa in the Nov. 19 head-to-head. Bullrich's 6.3 million would likely favor Milei more, but moderates in her coalition could shift to Massa. Centrist Buenos Aires city mayor Horacio Larreta lost the conservative Together for Change's internal primary to Bullrich, but did get nearly 2.7 million votes, many of which shifted to her. Luana Molenberg, a 20-year-old worker in Buenos Aires, said she hoped the anti-Milei vote would get behind Massa: "I'm very afraid that Milei will win."

Persons: Sergio Massa, Javier Milei, Agustin Marcarian, Patricia Bull, Juan Schiaretti, Myriam Bregman, Milei, Massa, Shila Vilker, Trespuntozero, Cristina Fernandez de Kirchner, Horacio Larreta, Ramiro Vitale, Luana, Federico Aurelio, Nicolas Misculin, Juan Bustamante, Adam Jourdan, Aurora Ellis Organizations: Argentine, University of Buenos, Law School, REUTERS, Peronist, Massa, International Monetary Fund, Reuters, Reuters Graphics, Reuters Graphics Reuters, Thomson Locations: University of Buenos Aires, Argentina, BUENOS AIRES, South, Bullrich, Buenos Aires

Argentina's presidential candidate Sergio Massa addresses supporters, as he reacts to the results of the presidential election, Argentina October 22, 2023. Bonds have also been slipping, while the stock market - seen as a relative safe haven for local investors - has been jittery. A local market operator, who asked not to be named, agreed there would likely not be a big market slide on Monday. "I believe the market will open downwards but there will be a floor at which there would be some demand," he said. Reporting by Jorge Otaola and Walter Bianchi; Editing by Adam Jourdan and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Mariana Nedelcu, Javier Milei, Salvador Vielli, Vielli, Bonds, Patricia Bullrich, Roberto Geretto, Adcap, Milei, Jorge Otaola, Walter Bianchi, Adam Jourdan Organizations: REUTERS, Peronist Economy, Massa, Thomson Locations: Argentina, BUENOS AIRES, Milei

☆ Argentine assets under pressure as Economy Minister Massa beats far-right Milei in first-round vote
▼ + stars: | 2023-10-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Presidential candidate for La Libertad Avanza Javier Milei looks on during a presidential debate on October 01, 2023 in Santiago del Estero, Argentina. Argentine dollar-denominated bonds were broadly lower Monday after the country's presidential election threw up another surprise result and spelled more uncertainty ahead. Economy Minister Sergio Massa of the ruling Peronist coalition took 36.6% of Sunday's first-round vote, ahead of radical libertarian Javier Milei on 30%, while center-right candidate Patricia Bullrich received 23.8%. It means Massa and Milei will now go head-to-head in a run-off vote on Nov. 19. Financial stocks opened lower before trimming losses, while U.S.-listed stocks of Argentine firms including argicultural business Cresud were lower.

Persons: Javier Milei, Argentinians, Sergio Massa, Sunday's, Patricia Bullrich, Massa, Milei Organizations: La Libertad, Argentine, Economy, Peronist, Reuters Locations: Santiago del Estero, Argentina, U.S

Milei is in a weaker position than expected. Mr. Milei had entered Sunday as the clear favorite, with some in his campaign predicting that he could win the election outright in the first round. Mr. Milei has attracted a lot of attention for his promises to radically overhaul the Argentine government and economy with a plan to eliminate the nation’s central bank and replace its currency with the U.S. dollar. But analysts said that his brash political style, which had drawn comparisons to Mr. Trump and Jair Bolsonaro, Brazil’s former right-wing president, likely turned away many centrist voters. “The supporters who made memes of him with Bolsonaro and Trump didn’t do him any favors,” said Brian Winter, a Latin American analyst and former journalist in Argentina.

Persons: Milei, Massa, Trump, Jair, Brazil’s, “, ”, Brian Winter Organizations: Argentine, U.S ., Bolsonaro, Trump Locations: Argentina

☆ ANALYST VIEW Argentina vote headed for runoff between ruling Peronist and radical Milei
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] Argentina's presidential candidate Sergio Massa addresses supporters as he reacts to the results of the presidential election, in Buenos Aires, Argentina October 22, 2023. REUTERS/Mariana Nedelcu Acquire Licensing RightsLONDON, Oct 23 (Reuters) - A stronger-than-expected showing by Argentina's ruling Peronist coalition at a general election on Sunday has set the stage for a run-off vote on Nov. 19 between Economy Minister Sergio Massa and far-right radical Javier Milei. First, any announcements by the two candidates advancing to the second round. MARIANO MACHADO, PRINCIPAL AMERICAS ANALYST, VERISK MAPLECROFT, MALAGA"It is true that in the first round, societal mood shied away from radical change; but in the second round, pro-change voters may shift to Milei to oust Kirchnerism from power." The combination of a libertarian candidate pushing for dollarisation, with minister Massa hiking the money-printing machine to produce a political miracle for ‘candidate’ Massa could finally push macroeconomic variables off the cliff’s edge."

Persons: Sergio Massa, Mariana Nedelcu, Argentina's, Javier Milei, SERGIO ARMELLA, GOLDMAN SACHS, Massa, Milei, DIEGO W, PEREIRA, Patricia, Bullrich’s, Juan, MARIANO MACHADO, VERISK, Kirchnerism, ’ Massa, Karin Strohecker, Kirsten Donovan, Bernadette Baum Organizations: REUTERS, Peronist, JPMORGAN, NEW, Thomson Locations: Buenos Aires, Argentina, AMERICAS, VERISK MAPLECROFT, MALAGA, Rosario

[1/2] Argentina's presidential candidate Sergio Massa gestures during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. Local media reported similar though more informal campaigns in some hospitals, and the energy secretary warned the price of subsidized gas could double. 'CHAINSAWING' THE WELFARE STATE? "At the other end of the chainsaw he totes at rallies are the pocketbooks of millions of Argentines," he added. Additional reporting by Candelaria Grimberg and Lucinda Elliott; Editing by Adam Jourdan and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Cristina Sille, Sergio Massa's, Javier Milei, Massa, Milei, Amparo Anzaldi, Benjamin Gedan, Wilson, Cristina Fernandez de Kirchner, Ana Monclus, meanwhile, Anna, Catherine Brigida, Candelaria Grimberg, Lucinda Elliott, Adam Jourdan, Aurora Ellis Organizations: REUTERS, Argentine Economy, Peronist, Massa, Local, International Monetary Fund, Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine

☆ Javier Milei wants Argentina to swap the peso for the US dollar. Here's what that would mean
▼ + stars: | 2023-10-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

For years, Argentinians have preferred to pay for many goods and services in greenbacks, rather than with their own collapsing currency, as part of an informal “blue dollar” currency market. To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s. Practical headacheThere’s another significant snag in Milei’s plan: Argentina doesn’t have enough dollars to ditch the peso. “People would need to take wheelbarrows of cash to convert to dollars,” Sabatini said.

Persons: Javier Milei, Sergio Massa, Argentina’s, JP Morgan, Argentinians, Milei, Natacha, Matias Baglietto, Reuters “ That’s, ” Christopher Sabatini, Kimberley Sperrfechter, ” Sperrfechter, It’s, ” Sabatini, Luis Robayo, Sabatini, ” Organizations: London CNN, National Institute of Statistics, Argentina’s, US Federal Reserve, Economic, Reuters, America, Chatham House, CNN, Capital Economics, International Monetary Fund, Getty, IMF Locations: Argentina, greenbacks, Washington, El Salvador, Panama, Ecuador, United States, Buenos Aires, AFP

☆ Argentina farmers eye election showdown with doubt and mistrust
▼ + stars: | 2023-10-23 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

Tomas... Acquire Licensing Rights Read moreBUENOS AIRES, Oct 23 (Reuters) - Argentina's farmers, some of the world's most important producers of soy, corn, wheat and beef, have some strong views on the country's polarized presidential election finalists: untrustworthy and unreliable. Sara Gardiol, president of the Confederation of Rural Associations of farm province Santa Fe, said that statements from both appeared to be little more than empty words. "It is a very difficult moment for Argentina, but critical situations can also provide opportunities," he said. "I hope that this opportunity allows us to recalibrate things, to talk with the different actors, but also to make sure things are clear and concrete." Reporting by Maximilian Heath; Editing by Adam Jourdan and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Javier Milei, Tomas, Patricia Bullrich, Horacio Deciancio, Massa, Deciancio, Sara Gardiol, Carlos Achetoni, Maximilian Heath, Adam Jourdan, Marguerita Choy Organizations: por la Patria, La Libertad, National University of Santiago, Sunday, Peronist, Business, of Rural, Argentine Agrarian Federation, FAA, Thomson Locations: Argentina, National University of Santiago del Estero, Santiago del Estero, BUENOS AIRES, San Vicente, Buenos Aires, Santa Fe

☆ Explainer-Argentina Presidential Election: Key Takeaways From First-Round Vote
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

Massa and Milei will go to a run-off vote on Nov. 19 to take the presidency from mid-December, replacing outgoing center-left Peronist President Alberto Fernandez. Massa ended the night with 36.7% of the vote versus Milei on around 30%. Juan Schiaretti, who got a higher-than-expected vote share of nearly 7%, could also play an important king-maker role. Argentina's election race comes at a time of major uncertainty for the South American country facing its worst economic crisis in two decades. Any incoming government will have to resuscitate an economy facing triple-digit inflation, negative net foreign exchange reserves, and a sliding currency.

Persons: Maximilian Heath BUENOS, Sergio Massa, Javier Milei, Massa, Milei, Alberto Fernandez, Conservative Patricia Bullrich, Milei's, Donald Trump, Jair Bolsonaro, Juan Schiaretti, pollsters, Maximilian Heath, David Holmes Organizations: Reuters, Peronist Economy, Milei, Conservative, La Libertad Avanza, U.S, la Patria, Peronist, BE, WHAT'S, South, International Monetary Locations: Maximilian Heath BUENOS AIRES, Argentina, Brazilian, Massa, South American

☆ Argentina's Peronists soar in election to seal run-off with radical Milei
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +4 min

Javier Milei, presidential candidate of the Liberty Advances coalition, speaks at his campaign headquarters after polls closed for general elections in Buenos Aires, Argentina, Oct. 22, 2023. Argentina's ruling Peronist coalition smashed expectations to lead the country's general election on Sunday, setting the stage for a polarized run-off vote next month between Economy Minister Sergio Massa and far-right libertarian radical Javier Milei. "We have never had so much polarization," said 72-year-old pensioner Silvia Monto as she voted in Buenos Aires on Sunday. "He is the only one who understands the situation in the country and understands how to save it," said Buenos Aires student Nicolas Mercado, 22. Silvana Dezilio, 37, a housewife in Buenos Aires province, said it was hard to see a positive outcome whoever won.

Persons: Javier Milei, Argentina's, Sergio Massa, Massa, Patricia Bullrich, Milei, Carlos Gutierrez, Bullrich, Silvia Monto, Nicolas Mercado, Silvana Dezilio Organizations: Liberty Advances, Peronist, International Monetary Fund Locations: Buenos Aires, Argentina, Milei, China, Brazil

☆ Morning Bid: Markets juggle 5% yields and 150 yen
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanPartly unwinding pre-weekend safety hedges related to the Middle East conflict, world markets are back focused on some critical macro priced levels and milestones that may once again define the week. The dollar retained its bid as a result and continued to probe the 150 yen level many suspect the Bank of Japan will be keen to protect against with open-market yen buying. But even these megacaps are still in thrall to the worrying squeeze in U.S. bond markets and the breach of the 5% threshold on 10-year tenors on Monday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Goldman Sachs, thrall, that's, That's, Sergio Massa, Javier Milei, Maria Corina Machado, Hess, Berkley, Brown, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Bank of Japan, European Central Bank, Industrial, China, Goldman, Microsoft, Meta, Federal Reserve, Economy, Banco BBVA Argentina, Peronist, Massa, Venezuelan, Chevron, Exxon, Natural Resources, Brown, Cadence, Packaging Corp of America, Fed, Bank of Israel, Trade Organization, Treasury, Reuters, Thomson Locations: New York City, U.S, Gaza, China, Taiwan, outflows, 50bps, York, America, Venezuela, Geneva

☆ Argentina’s Ruling Party Candidate Takes Most Votes in Presidential Election
▼ + stars: | 2023-10-22 | by ( Ryan Dubé | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

Brazil’s and Argentina’s leaders have revived the idea of a common currency in a bid to boost trade and reduce the region’s reliance on the U.S. dollar. WSJ’s Samantha Pearson explains why it is unlikely to be implemented anytime soon. Photo: Eve HartleyBUENOS AIRES— Sergio Massa , the ruling party’s candidate for president, came out on top in the first round of a presidential election Sunday, beating out a libertarian economist, Javier Milei , who had promised to lay waste to Argentina’s political establishment. With 92% of the votes counted, Massa took 36.3% of the votes, defying polls that had predicted Milei would be the victor.

Persons: Samantha Pearson, Eve Hartley BUENOS, Sergio Massa, Javier Milei, Massa Organizations: U.S .

Argentine presidential candidate Javier Milei of La Libertad Avanza party reacts during the closing event of his electoral campaign ahead of the presidential election, in Buenos Aires, Argentina, October 18, 2023. The result, according to the cloning company, was at least four "grandchildren": Murray, Milton, Robert and Lucas, who are named for Milei's economist idols including Milton Friedman. After Conan's death, Milei sent the dog's DNA sample to animal cloning firm PerPETuate, which has written publicly about cloning Milei's dogs on its company website. Through a medium, Milei's original dog, he alleges, gave him the mission of becoming Argentina's president, which he could - against the odds - pull off today or next month. As Milei's political profile has soared, his dogs have become a point of criticism.

Persons: Javier Milei, Matias Baglietto, Milei's, Conan, confidants, Murray, Milton, Robert, Lucas, Milton Friedman, Milei, Juan Luis Gonzalez, Sergio Massa, Patricia Bullrich, Gonzalez, Opponent Massa, Anna, Catherine Brigida, Candelaria Grimberg, Andrea Ricci Organizations: Argentine, La Libertad, REUTERS, Argentina, Economy, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES

Search resuls for: "" Massa"

25 mentions found