Page 3 - Scott Squires News Today

Libertarian lawmaker Javier Milei leads crucial primary vote with stronger-than-expected performance that upends presidential race, increasing uncertainty ahead of October election.

(Bloomberg) -- From ditching the struggling peso to eventually eliminating Argentina’s central bank, outsider presidential candidate Javier Milei has vowed to implement a series of bold — and perhaps unfeasible — measures to pull South America’s second-largest economy from the brink of a meltdown.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia&#x...

Decades of failed policies and repeated debt defaults have led the country to 116% inflation. The question is who, if anyone, can avert a crash.

(Bloomberg) -- The International Monetary Fund expects to conclude a review of its $44 billion financing program to Argentina in the coming days, potentially giving the South American nation a lifeline to keep its economy afloat until a new president takes office in December.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink...

(Bloomberg) -- Argentina Economy Minister Sergio Massa said Sunday night that the International Monetary Fund would disburse funds to the government in August and November after a staff-level agreement of its $44 billion financing program is reached sometime this week. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink Forec...

(Bloomberg) -- Troubled governments that devalue their currencies tend to benefit from the decision, underscoring the tool’s usefulness in the face of crisis, according to the Institute of International Finance.Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Micr...

(Bloomberg) -- Vista Capital, who manages one of Brazil’s best-performing hedge funds of the past three years, is building a position in Argentina through ADRs ahead of a presidential election that could result in a regime change.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudBiden Adm...

Norma Jean Kimbell

Come to hear a panel discussion led by Amy Booth, our managing editor, with correspondents Scott Squires of Bloomberg and Anna-Cat Brigida of Reuters.

Argentina’s peso tumbled as much as 4.2 percent in the parallel exchange market Tuesday, the most this year.