Victory of Alberto Fernández’s presidential campaign puts an end to the pro-business economic policies of Macri’s administration.
Argentina has imposed currency controls in an attempt to stabilise markets as the country faces a deepening financial crisis.
President is fighting back after stunning loss in primary vote
"Argentina is a small economy. However, the last thing global markets want to see is another market-friendly government fall to populism and/or geopolitics,” said Rabobank strategist Michael Every.
Argentina’s international bonds tumbled in London trading after a populist opposition candidate routed President Mauricio Macri in a shock primary election result.
US Secretary of State announces targeted sanctions against Hezbollah operative Salman Raouf Salman, who allegedly “served as the on the ground coordinator for the AMIA bombing,” during visit to Buenos Aires for terrorism conference.
Argentine President Mauricio Macri called the massive blackout that left tens of millions in South America without power on Sunday “unprecedented”, and promised a thorough investigation.