Argentina has given responsibility for turning around its biggest oil producer to a 40-year-old political high-flier whose experience in corporate management consists of a six-month stint at the money-losing state airline.
Argentine opposition leaders warned that President Cristina Fernandez de Kirchner’s takeover of YPF SA would damage South America’s second-biggest economy as the Senate began debate on the company’s nationalization.
A World Cup championship for Argentina would mean more than a third title for the South American country and a victory lap run naked by soccer idol Diego Maradona . With an election due next year, it could boost the popularity of President Cristina Fernandez de Kirchner -- temporarily.
Buenos Aires mayor Mauricio Macri will face a runoff against President Cristina Fernandez de Kirchner’s candidate in a bid to govern Argentina’s capital after just missing the 50 percent threshold in voting yesterday.