Latest Mauricio Macri News

Restrictions on hard currency take effect in Argentina.

Sep. 2, 2019 6:47 PM EDT

BUENOS AIRES, Argentina (AP) — Restrictions on access to dollars took effect in Argentina on Monday as the government tries to control a rapid loss of foreign reserves and an accelerating devalution of the currency. The measure says residents can't buy more than $10,000 a month without permission from the...

Argentina acts to bolster bank reserves amid uncertainty

Aug. 30, 2019 7:27 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's central bank has barred the country's financial institutions from paying dividends to shareholders without its authorization, seeking to bolster reserves amid investor anxieties over the apparent strength of a left-leaning presidential candidate heading to Oct. 27...

Crowds fill Argentine streets to back conservative president

Aug. 24, 2019 8:28 PM EDT

BUENOS AIRES, Argentina (AP) — Tens of thousands of Argentines jammed streets in the capital and other cities Saturday to show support for conservative President Mauricio Macri, who is facing a tough fight heading into general elections in October in a country beset with economic struggles. Chanting "We...

IMF dispatches technical staff team to Argentina

Aug. 23, 2019 5:39 PM EDT

WASHINGTON (AP) — The International Monetary Fund is sending a technical team to Argentina on Saturday to discuss the policy plans of President Mauricio Macri's administration. The IMF said Friday that the team headed by Roberto Cardarelli will also meet with the economic advisers of the main candidates in...

Argentina candidate rules out default as an option

Aug. 22, 2019 1:59 PM EDT

BUENOS AIRES, Argentina (AP) — Argentine presidential candidate Alberto Fernández said Thursday that no one wants a default for the South American country and he's ruling it out if elected. The center-left candidate appeared to be trying to calm investors who reacted to his strong finish against...

New Argentina treasury minister guarantees peso stability

Aug. 20, 2019 3:37 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina will guarantee the stability of the peso after the local currency's recent crash and the government will meet its commitments with the International Monetary Fund, the country's new treasury minister said Tuesday. "This is a complex situation," Hernán Lacunza...

CORRECTION: Argentina story

Aug. 18, 2019 4:31 PM EDT

BUENOS AIRES, Argentina (AP) — In an Aug. 17 story about the resignation of Argentina's treasury minister, The Associated Press reported erroneously the first name of the country's president. The correct name is President Mauricio Macri, not President Nicolas Macri. A corrected version of the story is...

Chastened Argentine leader offers help for workers, the poor

Aug. 14, 2019 1:23 PM EDT

BUENOS AIRES, Argentina (AP) — A walloping at the polls led President Mauricio Macri to decree temporary economic relief for poor and working-class Argentines on Wednesday, with measures that include an increased minimum wage, reduced payroll taxes, a bonus for informal workers and a freeze in gasoline...

Uncertainty puts Argentine business owners on defensive

Aug. 13, 2019 6:40 PM EDT

BUENOS AIRES, Argentina (AP) — At Boedo Automotive in Argentina's capital, rows of shiny new cars are for sale. But two days after the overwhelming primary election thumping for conservative President Mauricio Macri sent the Argentine peso into a tailspin, not a single customer walked through the door...

Argentine vote leader questions deal with European Union

Aug. 13, 2019 6:04 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's newly established leading presidential contender is throwing doubt on a newly signed regional trade pact with Europe and also feuding with one of his country's partners in the deal, the far-right president of neighboring Brazil. Alberto Fernández thumped...