The city of Buenos Aires, which had been rated more solvent than the federal government since September, is being exposed by the peso’s devaluation because almost all its debt is denominated in dollars.
Buenos Aires mayor and opposition leader Mauricio Macri was re-elected yesterday after defeating in a runoff President Cristina Fernandez de Kirchner’s candidate three months before she seeks a second term.
Buenos Aires Mayor Mauricio Macri ’s decision not to run for president of Argentina boosts opposition chances of forcing a runoff in the October elections, according to political analyst Rosendo Fraga .
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 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.
Argentine President Cristina Fernandez de Kirchner’s ruling coalition lost Buenos Aires province, the country’s largest, while keeping a majority in both houses of Congress in midterm elections yesterday.