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cristina fernandez de kirchner

Divided Peronism helps Macri’s reform efforts in Argentina | Reuters

Divisions inside Argentina’s dominant political movement, Peronism, have weakened its clout in Congress and are helping center-right President Mauricio Macri push through pro-market reforms aimed at restoring economic growth. Publicly, leaders of the ideologically diverse Peronist factions say they are optimistic about rebuilding alliances but in private they say divisions …

Argentine government says fighting inflation its next goal

BUENOS AIRES, Argentina (AP) — After lifting currency restrictions and free-floating the peso in December, the focus of Argentina’s government will now be on fighting inflation, Finance Minister Alfonso Prat-Gay said Thursday. “To control price expectations is the government’s biggest worry,” Prat-Gay said, adding that it will not be easy …

South American left in retreat as economic crisis deepens

BOGOTA, Colombia (AP) — After a decade on the advance, the left in South America is in retreat. Just in the past month, voters in Argentina elected a conservative businessman president over the chosen successor of Cristina Fernandez and Brazil’s congress launched an impeachment probe against President Dilma Rousseff, whose …

Winners and losers of Argentine currency devaluation

BUENOS AIRES, Argentina (AP) — A look at the winners and losers from the sharp devaluation of Argentina’s peso Thursday following the lifting of currency controls: ___ EXPORTERS (Winners)   Any business that exports is likely celebrating. The previous administration of President Cristina Fernandez overvalued the peso with a fixed …