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"Who is appointed...as central bank president and economy minister, and the details of an urgent economic stabilization plan without a majority in Congress, will be the key for asset prices in the days ahead." The Economy Ministry is always a hot seat, with Argentina a nine-time debt defaulter caught in a decades-long boom-and-bust cycle. Milei will take office on Dec. 10 after beating ruling Peronist coalition Economy Minister Sergio Massa. "Milei said that he is going to reorganize the central bank instead of imploding it or shutting it down. The new economy minister will have to negotiate a new programme with the IMF "relatively quickly" to avoid entering arrears with the fund, Morgan Stanley said on Monday.
Persons: Milei, Macri, Javier Milei, Milei's, embolden Milei, Armando Armenta, defaulter, Sergio Massa, Hans Humes, Humes, Carlos Rodriguez, Roque Fernandez, Dario Epstein, Emilio Ocampo, Mauricio Macri, Juan Manuel Pazos, Pazos, Morgan Stanley, Morgan Stanley ´, Massa, Jorgelina, Adam Jourdan, Kirsten Donovan Organizations: Monetary, Ministry, Peronist, Economy, Greylock Capital Management, Reuters, Thomson Locations: BUENOS AIRES, South, AllianceBernstein, New York, Argentina, Argentine, Buenos Aires, Washington, refinance, Santiago del Estero, Formosa, Rosario
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
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
Ricardo Ceppi | Getty Images News | Getty ImagesMomentum behind Argentina's lithium mining boom is picking up fast. The region is estimated to hold more than half of global lithium reserves, mainly located in Argentina (21%) and Chile (11%). Leftist President Gabriel Boric announced in April that the state was taking a majority stake in the country's lithium industry, dismaying some business leaders. Tomas Cuesta | Getty Images News | Getty Images"Everyone thinks in Latin America, when it comes to mining and lithium, Chile comes to mind. The protests took place shortly after a controversial change in legislation gave lithium mining companies greater access to indigenous lands.
Persons: Ricardo Ceppi, Jujuy Gerardo Morales, Mariano Machado, Gabriel Boric, Javier Milei, Argentinians, Tomas Cuesta, Verisk Maplecroft's Machado, Machado Organizations: Salinas Grandes, Getty, Eurasia Group, International Energy Agency, Americas, Verisk Maplecroft, Group, Verisk, CNBC, La Libertad Locations: Salinas, Jujuy, Argentina, Chile, America, Buenos Aires, Catamarca, Salta, Verisk, China, Chile Chile, Australia, Santiago del Estero, Argentina's
[1/3] Argentina Presidential candidate Sergio Massa of Union por la Patria party attends the presidential debate ahead of the October 22 general elections, at the National University of Santiago del Estero, in Santiago del Estero, Argentina October 1, 2023. Under Argentine law, two mandatory debates have to be held before the 22 October presidential election, where Argentine voters will be presented with radically different visions for the future. With growing skepticism among voters, the debate on economy, education, human rights and "democratic coexistence" took place with a pre-established format and strict rules that allowed little time for candidates to elaborate their points. On education, all candidates supported public education and on human rights they maintained their differences on the recent history of Argentina. The second debate addressing security, work and "human development, housing and environmental protection" will be held next Sunday in Buenos Aires.
Persons: Sergio Massa, Tomas Cuesta, Javier Milei, Milei, Massa, Patricia Bullrich, Drazen Jorgic Organizations: Argentina Presidential, por la Patria, National University of Santiago, REUTERS Acquire, Argentine, Thomson Locations: National University of Santiago del Estero, Santiago del Estero, Argentina, BUENOS AIRES, Italy, France, Germany, United States, Buenos Aires, Lincoln
SANTIAGO DEL ESTERO, Argentina, April 1 (Reuters) - Red Bull KTM rider Brad Binder put on a masterclass in bravery and skill to win Saturday's MotoGP sprint race at the Argentina Grand Prix after starting 15th on the grid. I got super tight in turn one and just tried to hug the inside," Binder said in a post-race interview. Once Bezzecchi got past his Italian compatriot Marini, he looked to hunt Binder down on the final lap but the Red Bull KTM rider held on for the win. The step they made from yesterday was unreal - my bike worked fantastic," Binder added, as he moved up to fourth in the championship. Reporting by Rohith Nair in Bengaluru Editing by Mark Potter and Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.
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