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Argentina’s cash hoard is falling at the fastest pace since 2006, depriving the government of the dollars its needs to pay bondholders as depositors rush to yank money from their savings.
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Former Argentine President Eduardo Duhalde will announce on Dec. 20 that he will run in next year’s presidential election, according to an e-mail statement from his Peronist party.
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An open primary on Aug. 14 is becoming more urgent for Argentine President Cristina Fernandez de Kirchner’s re-election efforts after a string of defeats in regional votes undermined support for the government.
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Argentina is printing money five times faster than Ben S. Bernanke’s Federal Reserve, fueling a surge in inflation that’s saddled debt investors with the worst dollar-based returns in emerging markets this year.
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Argentine President Cristina Fernandez de Kirchner showed she has enough support to be re- elected in October after voters backed her stewardship of South America’s second-biggest economy in an open primary.
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Argentine President Cristina Fernandez de Kirchner has won over farmers who just three years ago were blocking roads with tractors to protest higher export taxes and can count on their support as she seeks re-election on Oct. 23.
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Argentine President Cristina Fernandez de Kirchner is likely to be re-elected by a landslide today as voters reward her for economic growth that has masked mounting imbalances caused by double-digit inflation.
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Porsche importer Hugo Pulenta has promised to ship wine from his family’s vineyards in the Andean foothills in exchange for permits to bring his expensive cars into Argentina.
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Argentine lawyer Julio Cesar Duran wanted to exchange a pocketful of pesos for $10 to give as a gift to his two grandsons. With the government clamping down on dollar purchases, the tax agency rejected his request.
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Former Argentine President Nestor Kirchner , who antagonized investors in the aftermath of the country’s $95 billion debt default before handing power to his wife in 2007, died of a heart attack today. He was 60.
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