Argentina said Wednesday it will eliminate the foreign exchange restrictions that have propped up the official value of the peso since 2011, setting up a potentially painful devaluation.
BUENOS AIRES, Argentina – Argentina's new President Mauricio Macri was dismissed by rivals as a spoiled elitist, but tapped frustration with the sinking economy to put an end to 12 years of left-wing rule.
BUENOS AIRES, Argentina – Argentina Central Bank President Alejandro Vanoli resigned Wednesday under pressure from President-elect Mauricio Macri, who plans to remove currency controls with reserves standing at a nine-year low.
BUENOS AIRES, Argentina – Argentina's President-elect Mauricio Macri has named U.S.-educated bankers and executives to key posts in a Cabinet he vows will revive the economy, local news media reported Wednesday.
His rivals dismissed him as a spoiled elitist, but ex-football executive Mauricio Macri gathered allies from diverse political forces to persuade Argentines to vote him in as their new president Sunday.
Exit polls for the presidential elections in Argentina on Sunday showed a likely win for pro-market leader Mauricio Macri, heralding an end to 12 years of leftist government.
Argentines voted Sunday in an unprecedented presidential runoff that could end 12 years of leftist government and see the pro-business opposition seize command of Latin America's third-biggest economy.
Argentina's former president Carlos Menem went on trial Thursday with 12 co-accused for allegedly obstructing the investigation into the 1994 suicide bombing of a Buenos Aires Jewish center that killed 85 people.
