The value of the peso has plunged around 25% since the primary amid a broad sell-off of Argentine assets and debt. Argentina’s Central Bank has also been hemorrhaging reserves as it has tried to shore up the peso.
Argentina's peso lost 18% in value in a week after leftist opposition presidential candidate Alberto Fernandez recorded a 15-point victory in the Aug. 11 primary election, as investors reassessed the prospects of business-friendly President Mauricio Macri retaining power.
If Argentina’s center-left opposition wins the presidential elections and closes its economy with protectionist policies, Brazil will pull out of Mercosur, Economy Minister Paulo Guedes said on Thursday. Opposition candidate Alberto Fernandez received nearly 48 percent support on Sunday in Argentina’s primary vote, considered an important bellwether ahead of the general elections on October 27. […]
Argentina's currency and the Buenos Aires Stock Exchange have plummeted, a day after President Mauricio Macri suffered a crushing defeat in a primary election. The peso has shed 15% of its value against the dollar.
The Albicelestes failed to make it to a third consecutive Copa América final on Wednesday after a 2-0 defeat to Brazil at Belo Horizonte, which fleshed out the many existing frailties of the Lionel Messi-led Argentina.
Brazil coach Tite can't sleep before his team's Copa America semifinal clash with archrivals Argentina, but his adversary Lionel Scaloni sounded somewhat relaxed for their meeting on Tuesday at the Mineirao Stadium.