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Sep 28, 2015

Argentina underdog says will force way into presidential runoff vote

BUENOS AIRES, Sept 28 (Reuters) – Sergio Massa, running
third in Argentina’s presidential race, said on Monday he was
the only opposition candidate who could knock the ruling party
out of power and insisted he still had time to force his way
into a runoff vote.

Since primaries in early August, support has grown for
Massa, a dissident Peronist who defected from President Cristina
Fernandez’s Front for Victory party in 2013, recent polls show.
This has eaten away at support for opposition frontrunner
Mauricio Macri.

Aug 21, 2015

Argentine president presents law to prevent sale of state stakes in firms

BUENOS AIRES (Reuters) – Argentine President Cristina Fernandez said on Thursday she was sending a draft law to Congress making it harder for the government to sell state stakes in local firms, two months before elections seen bringing a more market-friendly leader to power.

With Fernandez barred from a third consecutive term, the two main candidates are her ruling party’s Daniel Scioli and the PRO opposition party’s Mauricio Macri. Both are expected to move away from her interventionist policies, to varying degrees.

Aug 13, 2015

Argentine welfare programs create bedrock of support for president

LA MATANZA, Argentina, Aug 13 (Reuters) – Catalina Benitez,
a single mother of four, used to cry whenever heavy rain flooded
her squalid, one-room shanty house on the outskirts of Buenos
Aires, rotting her furniture and overflowing the latrine.

Now, thanks to a government housing scheme in slums, she is
the proud owner of a two-floor brick house with running water,
electricity and a proper sewage system.

Jun 30, 2015

Argentineans’ pointers for Greeks: get cash, but don’t rush to exit

BUENOS AIRES (Reuters) – For shell-shocked Greeks struggling with temporarily shuttered banks, long lines at ATMs and limits on withdrawals, Argentineans who survived similar financial chaos more than a decade ago have some guidance. 

“The advice I would give is to go get your money out of the bank,” said Leo Suckewer, a Buenos Aires restaurant operator, recalling Argentina’s “corralito”, or freeze, on bank accounts in late 2001, aimed at halting a run on banks.

Apr 27, 2015

Buenos Aires primary swept by opposition presidential candidate’s party

BUENOS AIRES (Reuters) – The presidential campaign of Buenos Aires Mayor Mauricio Macri received a boost on Sunday when his pro-business party took nearly half the votes in a primary election in the Argentine capital he has run for the past eight years.

Macri has built a power base in Buenos Aires, which accounts for nearly 10 percent of the national vote, and is one of three leading candidates for October’s presidential election. President Cristina Fernandez is barred from a third term.

Apr 20, 2015

Argentine prosecutor dismisses case against president

BUENOS AIRES (Reuters) – An Argentine prosecutor on Monday dismissed allegations that President Cristina Fernandez tried to derail an inquiry into the bombing of a Jewish center in 1994, likely marking the end of the case.

Federal prosecutor Javier De Luca was assigned by Argentina’s top appeals court after the case had already been rejected by a lower court in February, a decision upheld by a lower appeals court on account of “lack of evidence.”

Apr 14, 2015

Argentina’s Scioli walks tightrope in hunt for party faithful, swing voters

LANUS, Argentina, April 14 (Reuters) – Daniel Scioli, the
front-running candidate for the ruling party ticket in
Argentina’s presidential election, has a new buzz word:
“gradualismo”, or “gradual change”.

It is hardly a slogan to set the campaign trail ablaze ahead
of the October 25 election. Instead it illustrates the tightrope
act he needs to pull off as he tries to win the support of
outgoing leftist President Cristina Fernandez’s loyalists while
tapping a rich vein of undecided voters demanding change.

Mar 23, 2015

U.S. court authorizes Citigroup to process Argentine bond payments

BUENOS AIRES, March 22 (Reuters) – Citigroup Inc said
it has been authorized by a U.S. judge to process two Argentine
debt payments, which could ease tensions between the bank and
the default-hit nation.

The U.S. bank, which acts as custodian of some Argentine
bonds, has been embroiled in a court battle between the South
American country and a group of New York-based hedge funds
seeking full payment on their defaulted sovereign bonds.

Mar 9, 2015

Argentina considers income tax change in pay talks with unions

BUENOS AIRES, March 9 (Reuters) – Argentina’s government is
considering raising the minimum threshold on income tax as a
sweetener in salary talks with trade unions to avoid unruly
protests in the run-up to October’s ‘s presidential election, a
senior government official said.

Inflation surged about 35 percent in 2014, private
economists estimate. A similar pay hike for public workers would
strain the government coffers, meet resistance from private
companies and stoke inflationary pressures amid a stagnant

Feb 27, 2015

Argentina to purge disloyal spies from intelligence agency: sources

BUENOS AIRES (Reuters) – Argentina’s government will purge spies it no longer trusts from the state intelligence agency as part of a major overhaul of the security body, sources familiar with embattled President Cristina Fernandez’s thinking said.

The move comes after lawmakers passed a law on Thursday disbanding the former Intelligence Secretariat, or SI, parts of which Fernandez has portrayed as sinister and out of control, and established a new agency.

    • About Pedro

      "Pedro da Costa has been covering economics and financial markets since 2001. He is currently based in Washington and focuses on the Federal Reserve and macroeconomic policy. Da Costa earned a Master's in international relations at the University of California San Diego and studied sociology and political science as an undergraduate at the University of Chicago and the London School of Economics. He grew up in Rio de Janeiro, Brazil."
      Joined Reuters:
      English, Portuguese, Spanish, French
      2011 Deadline Club Award from the Society of Professional Journalists' New York Chapter
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