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☆ Argentina hikes taxes on dollar savings and bank card purchases ahead of Milei taking power
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. The change means that Argentines using dollar credit cards or buying foreign currency for savings will pay rates closer to those in alternative markets. This change comes after libertarian Milei, who proposes dollarizing Argentina's economy and eliminating the central bank, defeated the Peronist Economy Minister Sergio Massa in a presidential run-off on Sunday. To safeguard its limited foreign currency, Argentina set multiple exchange rates under strict controls in 2019. Reporting by Walter Bianchi; Writing by Natalia Siniawski; Edited by Eliana Raszewski and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Javier Milei, Milei, Sergio Massa, Walter Bianchi, Natalia Siniawski, Eliana Raszewski, Marguerita Choy Organizations: Argentine, REUTERS, Peronist Economy, Thomson Locations: Argentina, Argentine

☆ 'There's no money': Argentina's Milei doubles down on economic shock therapy
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

BUENOS AIRES, Nov 22 (Reuters) - Argentina's libertarian President-elect Javier Milei is sticking by his plans for economic "shock" therapy to fix the country's myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves. There's no money," Milei told local outlet Neura Media. "I will make a shock adjustment and I will put the economy in a fiscal balance. "A fiscal balance is non-negotiable. The fiscal balance is not under debate.

Persons: Javier Milei, Milei, Sergio Massa, Horaci Soria, Adam Jourdan, Chizu Organizations: Neura, Peronist Economy, Thomson Locations: BUENOS AIRES, Argentina, South America's

☆ 'There's No Money': Argentina's Milei Doubles Down on Economic Shock Therapy
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

BUENOS AIRES (Reuters) - Argentina's libertarian President-elect Javier Milei is sticking by his plans for economic "shock" therapy to fix the country's myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves. There's no money," Milei told local outlet Neura Media. "I will make a shock adjustment and I will put the economy in a fiscal balance. "A fiscal balance is non-negotiable. The fiscal balance is not under debate.

Persons: Javier Milei, Milei, Sergio Massa, Horaci Soria, Adam Jourdan, Chizu Nomiyama Organizations: BUENOS AIRES, Reuters, Neura, Peronist Economy Locations: BUENOS, Argentina, South America's

☆ China says it would be a 'huge foreign policy mistake' for Argentina to cut ties
▼ + stars: | 2023-11-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Argentine presidential candidate for the La Libertad Avanza alliance Javier Milei speaks to supporters after winning the presidential election runoff at his party headquarters in Buenos Aires on November 19, 2023. China on Tuesday issued a warning to Argentina that it would be a "huge foreign policy mistake" for Buenos Aires to cut ties, shortly after right-wing libertarian Javier Milei secured victory in the South American nation's presidential runoff. The president-elect said Argentina would no longer work with "communist" regimes, reportedly likened Beijing's government to an "assassin" and said the people of China were "not free." China's Foreign Ministry Spokesperson Mao Ning said on Tuesday that bilateral relations had shown "sound momentum," adding that Beijing "stands ready to work with Argentina to keep our relations on a steady course." "No countries could step out of diplomatic relations and still be able to engage in economic trade and cooperation," Mao said.

Persons: Javier Milei, Sergio Massa, Mao Ning, Mao Organizations: Argentine, La Libertad, American, Peronist Economy, China's Foreign Locations: Buenos Aires, China, Argentina, Beijing

The South American country's markets are closed on Monday for a local holiday, so will only fully trade on Tuesday. Overseas-listed sovereign bonds and some equities will trade, mainly in Europe and the United States. In his first speech Milei pledged speedy reforms to fix an economy mired in crisis. If Milei can convince the market that the chainsaw (fiscal discipline) is the heart and soul of his presidency then bonds rally," he said. But he still faces a divided Congress where his Liberty Advances bloc only has a small share of seats.

Persons: Javier Milei's, Sergio Massa, Juan Manuel Pazos, Milei, Mauricio Macri, Patricia Bullrich, Martin Castellano, Walter Stoeppelwerth, Gletir, Gustavo Ber, Jorgelina, Walter Bianchi, Jorge Otaola, Christopher Cushing Organizations: Peronist, FX, Institute of International Finance, Liberty, Thomson Locations: BUENOS AIRES, Argentine, American, Europe, United States, Buenos Aires, Rosario

BUENOS AIRES, Nov 20 (Reuters) - Argentines expressed a mixture of ecstasy and trepidation on Monday after libertarian outsider Javier Milei, pledging radical fixes to the economy, swept to power with an election win over Peronist government rival Sergio Massa. "It's a great unknown," said Guillermo Toledo, a 51-year-old university professor in the capital Buenos Aires, who said he did not vote for Milei. Milei's win brought flag-waving crowds on Sunday night out to the Obelisk in downtown Buenos Aires, a traditional rallying point for supporters to cheer election or soccer wins. [1/2]Argentine president-elect Javier Milei's supporters celebrate after Milei wins the runoff presidential election, in Buenos Aires, Argentina November 19, 2023. Milei gives me hope things can change," Bernal said.

Persons: Javier Milei, Sergio Massa, Milei, Donald Trump, Jair, Guillermo Toledo, haven't, Milei's, Leandro Boses, Javier Milei's, Adriano Machado, Massa, Claudio Bernal, Bernal, Julia Eva Saggini, Mauricio Macri, Lucinda Elliott, Candelaria Grimberg, Rosalba O'Brien Organizations: Peronist, Argentine, REUTERS, Thomson Locations: BUENOS AIRES, Argentina, U.S, Buenos Aires

☆ Trump-admiring populist Milei wins in Argentina, edging the country closer to a dollarized economy
▼ + stars: | 2023-11-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Newly elected President of Argentina Javier Milei of La Libertad Avanza speaks after the polls closed in the presidential runoff on November 19, 2023 in Buenos Aires, Argentina. Argentina's Javier Milei, a far-right political outsider often compared to former U.S. President Donald Trump, vowed to deliver on his radical economic policies shortly after winning the country's presidential run-off. Among some of his proposed policies, Milei has pledged to dollarize the economy, abolish the country's central bank and privatize the pension system. We have the determination to put Argentina on its feet and move forward," Milei said shortly after his victory, according to a translation. The challenges facing Milei's presidency are significant, however — particularly given that the country is once again in the grip of a profound economic crisis.

Persons: Argentina Javier Milei, La Libertad Avanza, Argentina's Javier Milei, Donald Trump, Sergio Massa, Milei Organizations: La Libertad, Peronist Economy Locations: Argentina, Buenos Aires

☆ Argentina elects 'shock therapy' libertarian Javier Milei as president
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: +2 min

Javier Milei presidential candidate of the La Libertad Avanza (Freedom Advances) party, speaks at the campaign closing event on Oct.18, 2023. Argentina elected libertarian outsider Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty. Official results showed Milei with near 56% versus 44% for his rival, Peronist Economy Minister Sergio Massa, who conceded in a speech. His candidacy was hampered by the country's worst economic crisis in two decades while he has been at the helm. I have contacted Javier Milei to congratulate him," Massa said.

Persons: Javier Milei, Sergio Massa, Massa, Milei, Cristian, Lista Organizations: La Libertad, Peronist, International Monetary Fund Locations: Argentina, Buenos Aires, China, Brazil

☆ Javier Milei: from TV pundit to the presidency
▼ + stars: | 2023-11-19 | by ( Maximilian Heath | ) www.reuters.com time to read: +5 min

Argentine presidential candidate Javier Milei reacts during the closing event of his electoral campaign ahead of the November 19 runoff election, in Cordoba, Argentina, November 16, 2023. REUTERS/Matias Baglietto/file photo Acquire Licensing RightsBUENOS AIRES, Nov 19 (Reuters) - When Argentine libertarian Javier Milei announced his entry into politics in 2020 in a bid to "blow up" the system, few predicted that three years later the wild-haired economist and former TV pundit could reach the presidency. Against that backdrop, Milei and his Liberty Advances coalition have seen a dramatic rise in support, especially among the young. "He is the change that Argentina needs," said 28-year-old Milei voter Ayrton Ortiz at a rally in Buenos Aires ahead of the election. "If Javier combed his hair neatly, if Javier didn't get angry, would people ever have invited him to speak?"

Persons: Javier Milei, Matias Baglietto, he's, Milei, Al Capone, Sergio Massa, Massa, Donald Trump, Ayrton Ortiz, THATCHER, Javier, Javier didn't, Diana Mondino, John Oliver, Tucker Carlson, Argentine Pope Francis, Diego Maradona, Margaret Thatcher, Karina, Conan, Murray, Milton, Robert, Lucas, Patricia Bullrich, Juan Gonzalez, El, Maximilian Heath, Anna, Catherine Brigida, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, REUTERS, Peronist, Liberty, Fox News, Reuters, Thomson Locations: Cordoba, Argentina, BUENOS AIRES, Argentine, United States, Brazil, Buenos Aires, U.S

☆ Argentina Readies to Vote in Likely Presidential Election Thriller
▼ + stars: | 2023-11-19 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

Massa offers continuity but has been at the helm during the worst economic crisis in two decades. With many voters unconvinced by either, some have characterized the vote as a choice of the "lesser evil": fear of Milei's painful economic medicine or anger at Massa over the economic crisis. "The election will mark a profound rupture in the system of political representation in Argentina," said Julio Burdman, director of the consultancy Observatorio Electoral. "You cannot vote for the current government under these conditions and a blank vote will only favor it. In the first-round vote in October, Massa won 36.7% of the votes compared to some 30% for Milei.

Persons: Sergio Massa, Javier Milei, Massa, Julio Burdman, Milei, he's, Matias Kawior, South, Santiago Neria, Patricia Bullrich, Nicolás Misculin, Candelaria Grimberg, Rosalba O'Brien Organizations: Reuters, Peronist, Massa, International Monetary Fund Locations: Misculin BUENOS AIRES, China, United States, Brazil, Argentina, Buenos Aires

☆ Argentina votes in nail-biter election with libertarian slight favorite
▼ + stars: | 2023-11-19 | by ( Nicolás Misculin | ) www.reuters.com time to read: +4 min

The election sees Peronist Economy Minister Sergio Massa, at the helm for the country's worst economic crisis in two decades, go head-to-head with radical libertarian outsider Javier Milei, the slight pre-election favorite in the polls. "The election will mark a profound rupture in the system of political representation in Argentina," said Julio Burdman, director of the consultancy Observatorio Electoral. Massa, 51, an experienced political wheeler-dealer, has been clawing back votes with tax cuts and campaigns highlighting Milei's radical plans to slash state spending. In the first-round vote in October, Massa won 36.7% of the votes compared to some 30% for Milei. The libertarian has since won public backing from third-place finisher Patricia Bullrich, though it's by no means certain all her votes will shift to him.

Persons: Sergio Massa, Javier Milei, Milei, Massa, Julio Burdman, he's, Matias Kawior, South, Santiago Neria, Patricia Bullrich, Nicolás Misculin, Candelaria Grimberg, Rosalba O'Brien Organizations: Peronist, Massa, International Monetary Fund, Thomson Locations: BUENOS AIRES, China, United States, Brazil, Argentina, Buenos Aires

☆ Explainer: What you need to know about Argentina's presidential election run-off
▼ + stars: | 2023-11-17 | by ( Maximilian Heath | ) www.reuters.com time to read: +4 min

BUENOS AIRES, Nov 17 (Reuters) - Argentina will vote in a run-off presidential election on Sunday, with Peronist Economy Minister Sergio Massa taking on libertarian outsider Javier Milei to determine the future of the region's second largest economy. It has one of the largest reserves of electric vehicle battery lithium, and huge shale gas and oil potential. Massa, the current government's wheeler-dealer 51-year-old economy chief, represents the ruling Union por la Patria (UP) coalition. The registry for the 2023 election is 35.4 million people and Argentines abroad can vote. In the runoff, the candidate who obtains the greatest number of total votes wins and would govern for a four-year term.

Persons: Sergio Massa, Javier Milei, Alberto Fernandez, Juan Peron, Evita, Donald Trump, Jair Bolsonaro, Massa, Milei, Patricia Bullrich, Juan Schiaretti, Pollsters, Maximilian Heath, Adam Jourdan, Andrew Cawthorne Organizations: Peronist Economy, Peronist, CARE, Monetary, WHO, La Libertad Avanza, U.S, la Patria, Pellegrini, Argentine Ministry of, REUTERS, Massa, WHAT'S, Investors, Thomson Locations: BUENOS AIRES, Argentina, China, Latin America, Brazilian, Peronism, Buenos Aires, Milei, Peronist

☆ Take Five: Black Friday is (almost) here
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsNov 17 (Reuters) - U.S. retailers are gearing up for Black Friday, marking the start of the shopping season that follows the Thanksgiving holiday, while business activity data should gauge the temperature elsewhere. 1/ BARGAIN HUNTINGThe crucial holiday shopping season kicks off with Black Friday on Nov. 24 at a time when investors are questioning whether the consumer-driven U.S. economy can remain resilient. This year's Black Friday comes as Americans grapple with soaring interest rates and inflation that, while easing, remains above the Federal Reserve's 2% target. Already, data for October showed U.S. retail sales fell, pointing to slowing demand, although the decline was less than expected. As long as that's not the case, pressure is on the Kishida cabinet since a weak yen is unpopular politically.

Persons: Kamil Krzaczynski, Lewis Krauskopf, Kevin Buckland, Naomi Rovnick, Dhara Ranasinghe, Karin Strohecker, There's, PIMCO, Rishi Sunak, David Cameron, Jeremy Hunt, Hunt, bode, Sergio Massa, Javier Milei, Pragmatist Massa, Prinz Magtulis, Sumanta Sen, Kripa Jayaram, Pasit, Mark Potter Organizations: Walmart, REUTERS, Black, Nvidia, Insider Intelligence, European Commission, PMI, Fed, European Central Bank, Reuters Graphics Reuters, DOWNING STREET, Labour, gilts, Natwest, Reuters, Bank of Japan, Peronist, Thomson Locations: Chicago , Illinois, U.S, Argentina, Lewis, New York, Tokyo, London, Britain, Japan, Egypt, Taiwan, South Africa, India

☆ Argentina's conservatives gamble for survival on odd couple Milei and Macri
▼ + stars: | 2023-11-15 | by ( Lucila Sigal | ) www.reuters.com time to read: +5 min

Luis Robayo/Pool via REUTERS/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 15 (Reuters) - Javier Milei shot to prominence lambasting Argentina's traditional political elite. Now the radical presidential election frontrunner is the mainstream conservatives' best shot at clinging onto power. If Milei loses, it could precipitate the fracturing of the conservative coalition between more right-wing and moderate wings. "There may be some Milei voters who get angry at an alliance with the 'caste', just as there may be Macri voters who get angry at an alliance with Milei," said Fornoni. "We don't know today what power Macri will have, if Macri will end up absorbing Milei or Milei absorbing Macri.

Persons: Javier Milei, Luis Robayo, Sergio Massa, Milei, Mauricio Macri, Patricia Bullrich, Donald Trump, Shila Vilker, Trespuntozero, Mariel Fornoni, GAMBLE, Massa, Pope Francis, Milei's, Macri, it's, Ezequiel Salinas, Fornoni, Lucila Sigal, Nicolás Misculin, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, La Libertad, University of Buenos, Law School, Peronist, Management, Bullrich, Reuters, Milei, Thomson Locations: University of Buenos Aires, Buenos Aires Argentina, BUENOS AIRES, China, Candelaria

☆ 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

☆ 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

☆ 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

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

[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

☆ 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 Heads to the Polls in Grip of Fierce Economic Crisis
▼ + stars: | 2023-10-22 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

Milei, pledging to "chainsaw" the economic and political status quo, is the candidate to beat, with angry voters flocking to his tear-it-all-down message, fed up with inflation at 138% and poverty affecting over two-fifths of the population. Amid this crisis Milei has risen abruptly, pledging shock therapy to fix the economy including dollarizing, shutting the central bank, slashing the size of government drastically and privatizing state entities. Massa, current economy chief, remains in the running despite overseeing inflation hitting triple digits for the first time since 1991. He is pledging to cut the fiscal deficit, stick with the peso and defend the Peronist social welfare safety net. Pollsters see her as the most likely of the top three runners to miss out on a second round.

Persons: Argentina's, Javier Milei, Sergio Massa, Patricia Bullrich, Milei, Federico Aurelio, Donald Trump, Jair Bolsonaro, Massa, Bullrich, Nicolas Mercado, Flavia Vázquez, Pollsters, Nicolas Misculin, Adam Jourdan, Chizu Organizations: Reuters, American, Peronist Economy, International Monetary Fund Locations: Misculin BUENOS AIRES, China, Brazil, Buenos Aires

☆ Argentina heads to the polls in grip of fierce economic crisis
▼ + stars: | 2023-10-22 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

Workers load ballot boxes and voting material into a truck, ahead of the presidential election, in Buenos Aires, Argentina October 21, 2023. Milei, pledging to "chainsaw" the economic and political status quo, is the candidate to beat, with angry voters flocking to his tear-it-all-down message, fed up with inflation at 138% and poverty affecting over two-fifths of the population. Massa, current economy chief, remains in the running despite overseeing inflation hitting triple digits for the first time since 1991. He is pledging to cut the fiscal deficit, stick with the peso and defend the Peronist social welfare safety net. Pollsters see her as the most likely of the top three runners to miss out on a second round.

Persons: Mariana Nedelcu, Argentina's, Javier Milei, Sergio Massa, Patricia Bullrich, Milei, Federico Aurelio, Donald Trump, Jair Bolsonaro, Massa, Bullrich, Nicolas Mercado, Flavia Vázquez, Pollsters, Nicolas Misculin, Adam Jourdan, Chizu Organizations: REUTERS, American, Peronist Economy, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, China, Brazil

☆ Argentina voters on a knife-edge as presidential election nears
▼ + stars: | 2023-10-21 | by ( Horacio Soria | ) www.reuters.com time to read: +3 min

[1/4] Workers unload ballot boxes and voting material from a truck, ahead of the presidential election, at a school on the outskirts of Buenos Aires, Argentina October 21, 2023. The vote is a tight three-way race between frontrunner radical outsider Javier Milei, ruling Peronist Economy Minister Sergio Massa and center-right former security minister Patricia Bullrich, all offering starkly different visions for Argentina. Libertarian economist Milei is in pole position to win, though would likely face a second round. "It seems to me that it is time for change, to see how we can alter the reality of the country." Reporting by Horacio Soria and Juan Bustamante; Writing by Adam Jourdan; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mariana Nedelcu, Javier Milei, Sergio Massa, Patricia Bullrich, Soledad Sanchez, Bullrich, Milei, Massa, pollsters, Hernan Etchaleco, Agustin Geist, Horacio Soria, Juan Bustamante, Adam Jourdan, Daniel Wallis Organizations: Workers, REUTERS, Argentine, Peronist Economy, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Peronist, Bullrich

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