News of mauricio macri

BLOOMBERG

Supporters stand by Alberto Fernández after week of market turmoil

Yesterday 12:49 Macri supporters are clinging to hopes he can turn around his campaign and pull off an upset in the October 27 presidential election.

BLOOMBERG

Argentina bonds eyeing new lows on flurry of negative headlines

Yesterday 12:38 The country's offshore notes hit a new low on Monday while local markets were closed due to the holiday.

PRESIDENTIAL HOPEFUL

Alberto Fernández: We're 'virtually' in default and must renegotiate IMF deal

Yesterday 09:19 Fernández, now the clear favourite to win upcoming presidential elections October 27, laid out his views of the economic situation in a series of newspaper interviews over the weekend.

BLOOMBERG

Fresh turmoil on cards after Dujovne resignation, debt downgrades

Yesterday 08:11 Negative headlines may unleash a fresh bout of market turmoil after a brief respite at the end of last week. Argentina’s global bonds will be the first to react, while the nation’s currency and stock markets remain closed on Monday due to a local holiday.

CHANGES IN CABINET

Dujovne resigns from government with Lacunza set to replace him

17-08-2019 19:49 Hernán Lacunza to move from Buenos Aires Province government to replace Nicolás Dujove, after Treasury and Finance minister resigned post on Saturday. Lacunza's number two, Damián Bonari, to head Province's Economy Ministry

THE COST OF CRISIS

Argentines continue to pay the price of economic meltdowns

17-08-2019 11:14 While investors, creditors and businesspeople lament the potential departure of Mauricio Macri, many voters – hit by spiralling inflation and the economic downturn – are nostalgic for the days of Cristina Fernández de Kirchner and her late husband.

by Lucas Robinson

POST-PASO ARGENTINA

A week is a long time in politics

17-08-2019 10:46 President Mauricio Macri’s PASO loss to Alberto Fernández has dramatically altered Argentina’s political landscape.

by James Grainger

BLOOMBERG

Argentina slammed by double downgrade at end of traumatic week

16-08-2019 18:20 The country's downgrade from a B to CCC bond rating by Fitch places it in the company of only Zambia and the Republic of Congo.

EXCLUSIVE INTERVIEW

Héctor Torres: ‘Macri has to work for the country, not for his re-election’

16-08-2019 17:22 Former IMF executive director and international economic law and trade expert Héctor Torres on ‘Black Monday,’ the errors of the Macri administration and why Alberto Fernández and the president must put Argentina first.

by Lucas Robinson

PASO FALL-OUT

Macri moves to eliminate IVA from food items

15-08-2019 20:48 President moves to eliminate IVA (VAT, value-added tax) from basic food products – such as bread, milk and other foods – until December.

BLOOMBERG

Central Bank revamps strategy to defend peso

15-08-2019 18:34 Rule change on foreign currency holdings in the financial system should allow it to spare foreign reserves when defending the peso.

ELECTION 2019

Lavagna calls for 'dialogue,' suspension of election campaign amid crisis

15-08-2019 17:09 'Third way' presidential candidate asks Macri to declare 'food and healthcare emergency' and asks for leaders to work together in order to address impact of ongoing economic turmoil.

BLOOMBERG – ANALYSIS

Markets: Dead-cat bounce finally arrives for Argentine markets

15-08-2019 15:08 After a brutal three-day sell-off that saw average yields spike to 21% and an implied probability of default gauge surge above 80% percent, investors finally found prices cheap enough to begin taking risk in the battered credit.

PASO FALL-OUT

Argentine peso rebounds after Macri, Fernández call for calm

15-08-2019 14:56 The peso regained value against the dollar as markets opened on Thursday, following three days of sharp declines.

PASO FALL-OUT

Elisa Carrió alleges election fraud, provides no evidence for claim

15-08-2019 10:05 Government insists election was 'transparent' despite claims of Macri-allied outspoken lawmaker. Journalist Jorge Lanata asks those alleging fraud to place to 'use their heads a little.'

TWO LEADERS SPEAK

Macri holds 'long and good' telephone conversation with Fernández

14-08-2019 16:10 Earlier in the day, opposition leader Alberto Fernández had rejected the idea of meeting with the current president, saying "it doesn't make sense."

2019 Elections

Alberto Fernández: 'No point' in meeting Macri

14-08-2019 14:56 Alberto Fernández emerged with a 15-point lead over the incumbent from Sunday's primaries vote, deeply complicating the Mauricio Macri's chances of winning re-election.

Peronism

Argentina turns back to Peronism in rebuke to Macri

14-08-2019 12:40 Peronism, with its cross-ideological allure, has managed to endure as a mainstay of Argentine politics even 45 years after the death of its founder, Juan Domingo Peron.

Argentina-Brazil

Brazil-Argentina ties sour as Bolsonaro fumes over primary vote

14-08-2019 12:14 President of Brazil Jair Bolsonaro expressed his discontent over the triumph of Kirchnerism in Sunday’s primaries. Though different in style, Mauricio Macri and Bolsonaro had similar economic goals.

BLOOMBERG

Bond star Hasenstab's fund suffers most as Argentina nosedives

14-08-2019 11:56 US money managers portfolios' slide as post-PASO economic tumble continues.

ECONOMIC MEASURES

Macri offers mea culpa, announces measures to boost incomes

14-08-2019 11:09 President offers an apology for tetchy performance in Monday's press conference and tells Argentines 'he understands' their anger, announcing raft of measures to help workers and businesses.

BLOOMBERG – ANALYSIS

What the markets are telling Argentina's next leader

14-08-2019 09:45 To boost his credibility, Fernández could name someone with a track record in finance to reach out to creditors and the IMF, clearly signalling his commitment to follow through with the fiscal consolidation Macri has put in motion.

by Marc Margolis

ECONOMIC MEASURES

Macri set to announce economic measures to help citizens, firms

14-08-2019 09:29 President set to unveil measures including a boost to child-care benefits, extra tax exemptions for lower-income Argentines, and special conditions for small and medium-sized companies to pay taxes.

PASO FALL-OUT

Alberto Fernández casts doubt over Mercosur's trade deal with European Union

13-08-2019 17:45 Frente de Todos leader questions European Union's trade deal with the South American trade bloc that was signed in June but not yet ratified.

PASOS 2019

Elisa Carrió saw Macri’s PASO speech as one of 'defeat,' says source

13-08-2019 17:36 Sources close to the Coalición Cívica leader tell Perfil that she was disappointed with reaction of her coalition partner to Sunday night's primary loss.

PASO FALL-OUT

Alberto Fernández: 'Two-thirds of the population rejected the government'

13-08-2019 14:39 In a wide-ranging exclusive interview with NET TV, Frente de Todos presidential candidate detailed his views on the economy, Roberto Lavagna, 'la grieta,' his relationship with CFK and Venezuela.

PASO FALL-OUT

Evo Morales: Argentina's PASO vote is a 'rebellion' against IMF

13-08-2019 13:02 Bolivian president describes results of Sunday's vote as "a rebellion of the Argentine people against the economic model of the International Monetary Fund."

ANALYSIS

Macri, Fernández play game of chicken as Argentine markets sink

13-08-2019 12:42 Who’s to blame for the epic Argentina market sell-off over the past two days?

BLOOMBERG

With victory in sight, Alberto Fernández must explain plan for Argentina

13-08-2019 10:28 As opposition candidate continues to blame Macri for Black Monday, investors await the Peronist leader's own economic plan.

PASO FALL-OUT

Macri speaks on PASO fall-out: 'Kirchnerismo has no credibility in the world'

12-08-2019 17:13 "We are going to reverse this bad election and we are going to reach the second round," Macri tells reporters in wake of stunning defeat to Peronist candidate Alberto Fernández.

PASOs 2019

Fernández: Macri hasn't called me for years, he's not going to now

12-08-2019 16:31 In comments that raise the spectre of another difficult transition between governments in Argentina, Frente de Todos leader reveals Interior Minister Rogelio Frigerio is the only Juntos por el Cambio figure to have contacted him.

ANALYSIS: PASOs 2019

Fontevecchia: Macri, Fernández must begin transition of power now

12-08-2019 16:31 Alberto Fernández has still not woken up to the fact that he's the virtual president-elect. When he spoke on Sunday evening, upping the ante to gain even more votes in October, he spoke of "in the next two months." His problem starts now, in the next two days.

by Jorge Fontevecchia

Bloomberg

Markets signal Argentina may be headed for another debt crisis

12-08-2019 15:34 Credit-default swap trading now shows an implied probability that Argentina will suspend debt payments over the next five years at about 75%.

PASO

Lula, Bolsonaro react to PASO vote

12-08-2019 13:35 The jailed former Brazilian president tweeted: "It's necessary to give hope to the people, to bring better days and tend to those who need it most."

ANALYSIS: PASOs 2019

Three lessons from the PASOs

12-08-2019 13:06 The breakdown of the vote in the PASOs was surprisingly steady when compared to the past – it’s the electoral offer that made the difference.

by Marcelo J. Garcia

PASOS 2019

No poll came close to predicting size of Alberto Fernández's victory

12-08-2019 10:34 Even the closest poll from the last week before the PASOs was nine points off from the actual result...

PASOs 2019

Kicillof asks for 'responsibility' from gov't, as officials huddle at Casa Rosada

12-08-2019 09:37 Government officials meet at Casa Rosada, as Fernández and Kicillof hail Frente de Todos coalition's performance in PASO primaries.

BLOOMBERG

Argentine eurobonds tumble after Macri thrashed in shock PASO vote

12-08-2019 08:20 The peso could lose 25 percent of its value and bonds may slump about 20 percent on the results, according to BTG Pactual Argentina.

PASOs 2019

Province-by-province, how did the Fernández-Macri tickets perform?

12-08-2019 01:35 Frente de Todos presidential candidatescored victories in the overwhelming majority of provinces in Sunday's PASO primaries, with President Macri's coalition performing strongly only in Córdoba and Buenos Aires City.

PASOs 2019

Alberto Fernández: 'We are going to fix what the others have broken'

12-08-2019 00:53 Presidential candidate, fresh from his landslide victory in the primaries, declared Sunday night that "Argentina had realised that change" will arrive in the form of his Frente de Todos coalition.

BLOOMBERG

Fernández landslide likely to prompt sell-off in markets on Monday

12-08-2019 00:06 Results are poised to trigger a market sell-off on Monday as investors come to terms with the possibility that the market-friendly policies adopted by President Macri may be replaced by more interventionist measures.

PASOs 2019

Alberto Fernández scores huge victory over Macri in PASOs

11-08-2019 23:31 Frente de Todos leader emerged from Argentina's PASO primaries with an almost 15-percentage point lead over incumbent President Mauricio Macri on Sunday night, shocking the nation.

PASO

Kicillof routs Vidal in Buenos Aires Province gubernatorial race

11-08-2019 23:30 Former economy minister garners nearly half the entire votes in province, 49 percent, against the incumbent governor's 32 percent.

PASOs 2019

Rodríguez Larreta gives Macri some good news with victory in BA City

11-08-2019 22:33 City mayor announced a victory early Sunday night over Frente de Todos candidate Matías Lammens.

ELECTION 2019

Macri admits heavy defeat in Argentina's PASO primaries

11-08-2019 22:29 With provisional results yet to have been released, president admits his coalition had suffered 'a bad election.'

PASOs 2019

Confident Alberto Fernández vows to end polarisation

11-08-2019 21:41 Amid unconfirmed reports that the opposition Peronist grouping had performed stronger that President Mauricio Macri's Juntos por el Cambio coalition in Sunday's PASO primaries, Fernández said that "la grieta is over, forever."

PASO

In dual rallies, Frente de Todos vows ‘an Argentina everyone deserves’

09-08-2019 18:50 With Fernández in Córdoba and Fernández de Kirchner and Kicillof in the province, Frente de Todos ends its PASO campaign with a round of final attacks on President Macri and his allies.

PASOs 2019

Pro-Macri Twitter bots deliver final PASO scandal

09-08-2019 18:10 The incoherent tweets became a viral conversation on Thursday and Friday, with both campaigns pointing fingers at each other.

BLOOMBERG

Investors trim risk ahead of Argentina's ‘coin toss’ primaries

09-08-2019 09:51 Investors are pulling back from Argentina before the PASOs, with the potential for a boom or bust ahead.

ELECTION EXPLAINER

Argentina's PASO primaries: What you need to know

08-08-2019 21:34 Argentina goes to the polls on Sunday for “open, simultaneous and obligatory primaries.” Confused? Here's a breakdown of what you need to know.