President Cristina Fernandez de Kirchner failed to secure enough votes to seek a third term in yesterday’s mid-term election, ensuring the end of her rule in 2015 and validating investor optimism a more market-friendly government will emerge. Bonds rallied.
Argentine President Cristina Fernandez de Kirchner will undergo surgery tomorrow to remove an accumulation of blood in her skull following a blow eight weeks ago, according to a statement issued by the hospital where she is being treated.
Argentine Economy Minister Amado Boudou, who oversaw a $12.9 billion debt restructuring and helped manage the nationalization of the country’s pension funds, was tapped to be President Cristina Fernandez de Kirchner’s running mate in October elections.
The head of the Buenos Aires Stock Exchange, Adelmo Gabbi, said he will seek legal action against Vice President Amado Boudou for accusing him of soliciting a bribe in a scandal over a bankrupt company.