Argentinas new Treasury Minister acts fast to stabilize the beleaguered peso selling dollar reserves in a much welcomed move but can he solve the countrys underlying problems including its massive pile of debt. Also coming up its legal bills are mounting now german heavyweight buyer is selling its Animal Health unit to free up cash. And fasten your seat belts singapore is getting ready to launch a trial itself driving buses. This is your Business Report im stephen bears in berlin thanks for joining us argentina welcome to new Treasury Minister on tuesday and on the coons it wasted no time in dealing with the countrys fragile economy Argentinas Central Bank auction 112000000000. 00 u. S. Dollars from its reserves to stop the countrys peso from falling markets welcomed the move but more remains to be done. Its looking increasingly likely that the
president ial palace in buenos aires will have a new resident in the near future although the current president Mary Snow Mccree has just appoi
presidential palace in buenos aires will have a new resident in the near future although the current president mary snow mccree has just appointed the 4th treasury minister of his tenure if you expect the president to be around long enough to see how the new man performs the election is coming and everything points to a big defeat for mockery just over a week ago he suffered a crushing defeat to left wing opposition candidate out battle fernandez in a national primary a key bellwether ahead of the main presidential vote on october 27th in the aftermath the argentine stock markets suffered one of the biggest falls of its history while the peso fell sharply against the us dollar it was all too much for outgoing treasury minister nicole last to hold any who promptly resigned and. he says he wants to make the most of the 2 months left to polling day. when the next administration arrives. whoever the voters choose the important thing is that the
your seat belts to singapore is getting ready to launch a trial of self driving buses. this is your business report i m stephen beard s in berlin thanks for joining us argentina welcome to new treasury minister on tuesday and on the khun za wasted no time in dealing with the country s fragile economy argentina s central bank auction $112000000000.00 u.s. dollars from its reserves to stop the country s peso from falling markets welcome the move but more remains to be done. it s looking increasingly likely that the presidential palace in buenos aires will have a new resident in the near future although the current resident mari seal mccree has just appointed the 4th treasury minister of his tenure if you expect the president to be around long enough to see how the new man performs the election is coming and everything points to a big defeat from mockery just over a week ago he suffered a crushing defeat to the left wing opposition candidate out battle fernandez in