DIRS.INFO The most relevant business & tech news

☆ Argentina President-Elect Milei Meets Outgoing Fernandez After Election Win
▼ + stars: | 2023-11-21 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

BUENOS AIRES (Reuters) - Argentinian President-elect Javier Milei arrived on Tuesday morning at the presidential residence in the suburbs of Buenos Aires to meet outgoing Peronist leader Alberto Fernandez, to begin a transition that looks likely to be complex. Local television showed the arrival of Milei, a libertarian who has pledged to privatize public firms, eliminate the central bank and dollarize the economy, at the presidential residence in Olivos. Fernandez failed to tame inflation heading towards 150%. Spokespeople for Milei and for Fernandez declined to give further details about the meeting. Milei, an outsider libertarian who has rattled the South American country's political landscape with his abrupt rise, beat Peronist Sergio Massa in a run-off election on Sunday.

Persons: Javier Milei, Alberto Fernandez, Fernandez, Peronist Sergio Massa, Nicolas Misculin, Nick Macfie Organizations: BUENOS AIRES, Reuters, Peronist Locations: BUENOS, Buenos Aires, Olivos, China, Brazil

☆ 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

A large depreciation didn’t fully materialize; rather, the dollar’s value in the parallel retail market – popularly known as the “blue dollar” – increased some 13%. Milei, an outsider and right-wing populist, has also accused the Central Bank of recklessly printing money in order to fund public spending. The government has made access to foreign currency increasingly more stringent, which has caused the parallel market to flourish. “It isn’t exactly full, but there’s a lot in there,” she said, declining to provide her last name because trading foreign currency under the table is illegal. “Listening to the radio and looking on the internet, there isn’t any craziness about dollar, dollar, dollar,” he said.

Persons: Leandro Francisco Diana, Javier Milei, “, ”, Diana, Villa Crespo, Milei, Javier, Giselle, Argentina isn't, Maria Castiglioni, ” Castiglioni, Alexi Hoyos, Hoyos, ” Diana, videojournalist Mauricio Cuevas Organizations: U.S ., U.S, Central Bank, Radio Mitre Locations: BUENOS AIRES, Argentina, Buenos Aires, New York, Miami, Florida

☆ Shirts worn by Messi at 2022 World Cup expected to fetch record price at auction
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

Nov 20 (Reuters) - Six shirts worn by Lionel Messi during Argentina's triumphant run at the 2022 World Cup are expected to become the "most valuable collection of sports memorabilia" when bidding opens later this month, auction house Sotheby's said. The collection includes the shirt he wore during the first half of the final in Qatar. "The extraordinary collection is estimated in excess of $10 million, with the sale poised to become the most valuable collection of sports memorabilia at auction," Sotheby's said in a statement. Bidding for the white and sky blue shirts will be open from Nov. 30 to Dec. 14, coinciding with a public exhibition to showcase the collection. "The extraordinary collection is estimated in excess of $10 million, with the sale poised to become the most valuable collection of sports memorabilia at auction," Sotheby's said in a statement.

Persons: Lionel Messi, Argentina's, Sotheby's, Sant Joan de Déu, Leo Messi, Agustin Marcarian, Michael Jordan’s, Tommy Lund, Pritha Sarkar Organizations: Barcelona Children’s Hospital, Leo Messi Foundation, Soccer Football, Estadio, REUTERS, Reuters, Thomson Locations: Qatar, Barcelona, Argentina, Uruguay, Buenos Aires, Gdansk

☆ Argentina’s New President Wants to Adopt the U.S. Dollar as the National Currency
▼ + stars: | 2023-11-20 | by ( Ryan Dubé | Santiago Pérez | ) www.wsj.com time to read: 1 min

After weakening earlier this year, the U.S. dollar is pushing higher and could be headed back toward the 20-year high it touched in 2022. WSJ’s Dion Rabouin explains why this could be bad news for investors. Photo illustration: Noah FriedmanBUENOS AIRES—The self-styled anarcho-capitalist who won Argentina’s presidency on Sunday plans to ditch his nation’s peso and adopt the U.S. dollar as the national currency. President-elect Javier Milei ’s top campaign proposal was aimed at eradicating rampant inflation that has for decades ravaged Latin America’s third-biggest economy by removing the battered national currency from circulation and stripping the central bank of its power to print money. Uncontrolled money-printing to cover public expenditures, economists say, has fueled 143% inflation, one of the world’s highest.

Persons: WSJ’s Dion Rabouin, Noah Friedman BUENOS, Argentina’s, Javier Milei ’ Organizations: U.S ., Noah Friedman BUENOS AIRES, U.S

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

☆ 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

☆ IMF, China ready to work with new Argentina leader Milei
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Argentine president-elect Javier Milei waves to his supporters after winning Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Kristalina Georgieva, head of the International Monetary Fund, and a spokesperson for China's foreign ministry said on Monday they were ready to work with Argentina's president-elect Javier Milei. Argentina elected right-wing libertarian 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. The IMF has a $44 billion loan program with Argentina. Reporting by Karin Strohecker and Liz Lee in Beijing; editing by Marc Jones and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Javier Milei, Agustin Marcarian, Georgieva, Mao Ning, Karin Strohecker, Liz Lee, Marc Jones, Mark Heinrich Our Organizations: Argentine, REUTERS, International Monetary Fund, IMF, South, Thomson Locations: Buenos Aires, Argentina, China, Beijing

Populist Javier Milei, a libertarian economist and self-described “anarcho-capitalist,” won a presidential runoff election on Sunday with 55.7% of the vote. He said Monday that he would move quickly to privatize the country's state-owned media outlets and look to do the same with other public companies. “Everything that can be in the hands of the private sector will be in the hands of the private sector,” Milei told Bueno Aires station Radio Mitre. Experts immediately questioned how far Milei would get in fulfilling that vision without the support of Argentina's National Congress, where his party holds a relatively small share of seats. Monday was a public holiday in Argentina so financial markets weren’t open, but the stocks of Argentine companies that trade in New York soared.

Persons: —, privatizations, Javier Milei, ”, ” Milei, Bueno, Mariano Machado, Milei, Diana Mondino, Cristina Fernández de Kirchner, YPF, Andrés Gil Domínguez, Mariel Fornoni, Gustavo Arballo, ” Arballo Organizations: Bueno Aires, Radio Mitre, Argentina's National, Americas, Verisk, Central Bank of, U.S, Central Bank, Argentine, Liberty, University of Buenos, Management, La Pampa National University Locations: BUENOS AIRES, Argentina, Argentina's, Central Bank of Argentina, New York, Argentine, University of Buenos Aires

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

☆ Argentina investors on edge as Milei decides who to put in economic hot seat
▼ + stars: | 2023-11-20 | by ( Jorgelina Do Rosario | Thomson Reuters | Jorgelina Do Rosario Is Emerging Markets Correspondent At Reuters Based In London | ) www.reuters.com time to read: +4 min

"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

☆ Argentine ETF trading surges after election, led by small investors
▼ + stars: | 2023-11-20 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

The Global X MSCI Argentina ETF , which offers exposure to a basket of the country's most liquid stocks, soared more than 13% on Monday and hit its highest level since September. While the South American country's markets are closed on Monday for a local holiday, U.S.-listed shares of Argentinian companies also surged in U.S. trading. The gains for the ETF came through large amounts of small trades, Todd Sohn, an ETF analyst at Strategas in New York, said. By mid-morning, the value of trading in the ETF had topped $11 million, compared with average of about $1 million a day throughout 2023. "These small country funds are ideal vehicles for small day traders who jump on events" like Sunday's presidential election in Argentina, Sohn said.

Persons: Agustin Marcarian, Argentina's Javier Milei, Todd Sohn, Sohn, Suzanne McGee, Megan Davies, Andrew Heavens Organizations: REUTERS, Argentina ETF, Management, Inc, U.S, Banco, Grupo Financiero, Thomson Locations: Buenos Aires, Argentina, American, New York, ARGT, Grupo Financiero Galicia

☆ 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

☆ Argentine farmers: Milei victory an opportunity for 'radical change' for grains sector
▼ + stars: | 2023-11-20 | by ( Maximilian Heath | ) www.reuters.com time to read: +1 min

[1/2] Soy plants are seen in a farm near Pergamino, on the outskirts of Buenos Aires in Argentina April 27, 2021. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 20 (Reuters) - Javier Milei's election as Argentine president offers an opportunity for "radical change" in policy for the grains sector, the country's main rural associations said late on Sunday, offering to work "side by side" with the libertarian. He also wants to eventually close the central bank and dollarize the economy - more radical ideas that he may struggle to implement. "A great opportunity has opened up to work together to make radical change to the current policies," the Argentine Rural Society (SRA) said in a statement. Meanwhile, the Argentine Rural Confederations (CRA) called for Milei to work with the farm sector and demanded tax deregulation.

Persons: Agustin Marcarian, Javier Milei's, Milei, Maximilian Heath, Adam Jourdan, Christopher Cushing Organizations: REUTERS, Argentine Rural Society, Argentine Rural Confederations, Thomson Locations: Pergamino, Buenos Aires, Argentina, BUENOS AIRES

☆ Shares in Argentina's YPF soar as Milei hints at privatization
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsCompanies Ypf Sa FollowRepsol SA FollowBUENOS AIRES, Nov 20 (Reuters) - New York-traded shares in Argentine state-run oil company YPF soared more than 40% on Monday after President-elect Javier Milei said he would seek to privatize the firm. The South American country nationalized 51% of the oil company more than a decade ago from Spain's Repsol (REP.MC). YPF is Argentina's largest oil firm and oversees development of Vaca Muerta, the world's second-largest shale gas reserve and fourth-largest shale oil reserve. Shares of YPF jumped more than 40% early in the session, before paring some gains to trade up 35.2%. Global X analyst Trevor Yates said the YPF gains were related to the increasing likelihood of it being privatized and implementing an international price parity policy.

Persons: Alberto Fernandez, Cristina Fernandez de Kirchner, Agustin Marcarian, Javier Milei, Sergio Massa, YPF, Milei, Spain's, Vaca Muerta, Trevor Yates, Yates, Eliana Raszewski, Bansari Mayu, Grant McCool Organizations: Argentine, REUTERS, Global, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, New York, Argentine, American

Milei, who is pledging economic shock therapy such as shutting the central bank and dollarization, won a second-round runoff vote on Sunday with some 56% to rival Sergio Massa's 44%. Milei now faces the huge challenge of turning around the economy once he takes office on Dec. 10. "It is an economy that is in intensive care," said Miguel Kiguel, a former undersecretary of finance at the Economy Ministry in the 1990s. A central bank poll of analysts forecast 185% inflation by the end of the year. In a bid to tamp down inflation Argentina's central bank has hiked the benchmark interest rate to 133%, which encourages saving in pesos, but hurts access to credit and economic growth.

Persons: Javier Milei, Sergio Massa's, Milei, Miguel Kiguel, Lucio Garay Mendez, Vaca Muerta, Eugenio Marí, Hernan Nessi, Adam Jourdan, Daniel Wallis, Chris Reese Organizations: Economy Ministry, Reuters Graphics Reuters, Coldplay, Reuters Graphics, CENTRAL, International Monetary Fund, Libertad y Progreso Foundation, Thomson Locations: BUENOS AIRES, dollarization, Argentina, China, Brazil

☆ Kremlin notes Argentina President-elect Milei's comments on Russia, but hopes for good ties
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Nov 20 (Reuters) - The Kremlin said on Monday it had taken note of statements about Russia from Argentina's President-elect Javier Milei, but wanted to maintain strong ties with Buenos Aires. Milei has also expressed support for Ukraine in its conflict with Russia and has said that he sees the United States and Israel as Argentina's main partners. "We support the development of bilateral relations with Argentina," added Peskov. Argentina's outgoing centre-left government had maintained close ties with Russia, importing Russia's Sputnik V vaccine against COVID-19 and pushing to join the Moscow-backed BRICS group of nations. Reporting by Reuters Writing by Felix Light Editing by Andrew OsbornOur Standards: The Thomson Reuters Trust Principles.

Persons: Javier Milei, Milei, Dmitry Peskov, Felix Light, Andrew Osborn Organizations: Argentina's, Sunday, Ukraine, COVID, Thomson Locations: MOSCOW, Russia, Buenos Aires, China, Brazil, United States, Israel, Argentina, Moscow

☆ Brazil's Lula wishes luck and success to new Argentine president
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Nov 19 (Reuters) - Brazilian President Luiz Inacio Lula da Silva extended best wishes to the newly elected government in Argentina, without making direct mention of President-elect Javier Milei, who has previously criticized Lula and labeled him an "angry communist." Brazil will always be available to work together with our Argentine brothers," he wrote on Sunday on X, formerly Twitter. On Tuesday, leftist Lula had said that Argentina, the country's third-largest trading partner, should choose a president who supports democracy and the Mercosur trading bloc. He has also criticized the South American common market Mercosur and said Argentina would "follow its own path." He met with Brazilian Finance Minister Fernando Haddad in Brasilia earlier this year to discuss mechanisms to secure imports by Buenos Aires.

Persons: Luiz Inacio Lula da Silva, Javier Milei, Lula, Argentine, Sergio Massa, Fernando Haddad, Haddad, Marcela Ayres, Lisa Shumaker, Rosalba O'Brien Organizations: Twitter, Mercosur, Economy, Brazilian Finance, Reuters, Thomson Locations: BRASILIA, Argentina, Brazil, Argentine, Mercosur, Brasilia, Buenos Aires

☆ Argentina Votes for New President to Confront Economic Crisis
▼ + stars: | 2023-11-19 | by ( Kejal Vyas | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

People in Buenos Aires waiting Sunday to cast their vote. Photo: Cristina Sille/ReutersBUENOS AIRES—Argentines began to cast their ballots Sunday in a hotly contested presidential election between two candidates with starkly different views on how to pull the troubled country out of a punishing economic recession marked by a collapsing currency, growing poverty and one of the world’s highest rates of inflation. Polls had indicated a tossup between Economy Minister Sergio Massa and libertarian TV pundit Javier Milei. Massa, a 51-year-old lawyer who has directed the economy as inflation rose to 143%, has sought to distance himself from the unpopular ruling Peronist government, promising to deliver a “moderate and centrist” administration.

Persons: Cristina Sille, Sergio Massa, Javier Milei Organizations: Reuters, Reuters BUENOS AIRES — Locations: Buenos Aires, Reuters BUENOS AIRES, Peronist

☆ Javier Milei, a Self-Described Anarcho-Capitalist, Is Elected President of Argentina
▼ + stars: | 2023-11-19 | by ( Kejal Vyas | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

Javier Milei at a polling station in Buenos Aires on Sunday. Photo: Anita Pouchard Serra/Bloomberg NewsBUENOS AIRES—Javier Milei, a libertarian political outsider who pledged to flatten Argentina’s political establishment, was elected president Sunday in a major shift for a country buffeted by one of the world’s highest rates of inflation and mounting poverty after years of populist rule. Milei, a 53-year-old congressman, took 56% of the vote to 44% for Economy Minister Sergio Massa with 88% of the ballots counted, the National Electoral Directorate said.

Persons: Javier Milei, Anita Pouchard Serra, Sergio Massa Organizations: Sunday, Bloomberg News BUENOS AIRES, Economy, Electoral Locations: 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

☆ Argentina's Trump-like presidential candidate, who proposed making the US dollar the country's official currency, wins election after his opponent concedes defeat
▼ + stars: | 2023-11-19 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

A self-described "anarcho-capitalist" candidate often compared to Donald Trump claimed victory in Argentina's presidential election. With a Milei victory, the country will swing to the right amid discontent over soaring inflation and rising poverty. AdvertisementArgentina's Economy Minister Sergio Massa conceded defeat to populist Javier Milei in Sunday's fiercely polarized presidential runoff even before the country's electoral authority released official results. AdvertisementThe vote took place amid Milei's allegations of possible electoral fraud, reminiscent of those from Trump and former Brazilian President Jair Bolsonaro. Without providing evidence, Milei claimed that the first round of the presidential election was plagued by irregularities that affected the result.

Persons: Donald Trump, Javier Milei's, Sergio Massa, —, Javier Milei, Massa, Milei, Milei's screeds, I'm, Esteban Medina, Jenifer Pio, Pio, Ana Iparraguirre, Massa's, María Gabriela Gaviola, hasn't, isn't, Gaviola, I've, Patricia Bullrich, Milei's, Victoria Villaruel, Jair Bolsonaro Organizations: Argentina's, Service, Argentine, Massa, Associated Press, Peronist, University of Buenos Aires Law School, AP, Theater Locations: Buenos Aires, Argentina, Trump

☆ Brazil's Lula Wishes Luck and Success to New Argentine President
▼ + stars: | 2023-11-19 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

BRASILIA (Reuters) - Brazilian President Luiz Inacio Lula da Silva extended best wishes to the newly elected government in Argentina, without making direct mention of President-elect Javier Milei, who has previously criticized Lula and labeled him an "angry communist." Brazil will always be available to work together with our Argentine brothers," he wrote on Sunday on X, formerly Twitter. On Tuesday, leftist Lula had said that Argentina, the country's third-largest trading partner, should choose a president who supports democracy and the Mercosur trading bloc. He has also criticized the South American common market Mercosur and said Argentina would "follow its own path." He met with Brazilian Finance Minister Fernando Haddad in Brasilia earlier this year to discuss mechanisms to secure imports by Buenos Aires.

Persons: Luiz Inacio Lula da Silva, Javier Milei, Lula, Argentine, Sergio Massa, Fernando Haddad, Haddad, Marcela Ayres, Lisa Shumaker, Rosalba O'Brien Organizations: Reuters, Twitter, Mercosur, Economy, Brazilian Finance Locations: BRASILIA, Argentina, Brazil, Argentine, Mercosur, Brasilia, Buenos Aires

☆ Argentine Farmers: Milei Victory an Opportunity for 'Radical Change' for Grains Sector
▼ + stars: | 2023-11-19 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

By Maximilian HeathBUENOS AIRES (Reuters) - Javier Milei's election as Argentine president offers an opportunity for "radical change" in policy for the grains sector, the country's main rural associations said late on Sunday, offering to work "side by side" with the libertarian. Milei, a far-right libertarian, is pledging to reduce the size of the state and cut taxes. He also wants to eventually close the central bank and dollarize the economy - more radical ideas that he may struggle to implement. "A great opportunity has opened up to work together to make radical change to the current policies," the Argentine Rural Society (SRA) said in a statement. Meanwhile, the Argentine Rural Confederations (CRA) called for Milei to work with the farm sector and demanded tax deregulation.

Persons: Maximilian Heath BUENOS, Javier Milei's, Milei, Maximilian Heath, Adam Jourdan, Christopher Cushing Organizations: Reuters, Argentine Rural Society, Argentine Rural Confederations Locations: Maximilian Heath BUENOS AIRES, Argentina

☆ Argentina's Sergio Massa concedes presidential election to Javier Milei
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +1 min

[1/2] Argentine presidential candidate Sergio Massa votes during Argentina's runoff presidential election, in Tigre, on the outskirts of Buenos Aires, Argentina November 19, 2023. Argentine Ministry of Economy/Handout via REUTERS Acquire Licensing RightsBUENOS AIRES, Nov 19 (Reuters) - Argentina presidential candidate and economy minister Sergio Massa conceded defeat to far-right libertarian Javier Milei in the country's presidential runoff on Sunday. "I have called Javier Milei to congratulate him," Massa said from his campaign headquarters in Buenos Aires. The economy minister spoke before official results were published. Reporting by Alexander Villegas and Jorgelina do Rosario, editing by Adam JourdanOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Javier Milei, Massa, Alexander Villegas, Jorgelina, Adam Jourdan Our Organizations: Argentine, Argentine Ministry of, REUTERS Acquire, Thomson Locations: Tigre, Buenos Aires, Argentina, BUENOS AIRES, Rosario

Search resuls for: "Buenos Aires"

25 mentions found