Argentina opposition front-runner strikes populist tone in Madrid, markets hold steady

BUENOS AIRES/MADRID: Argentina's likely next President, opposition front-runner Alberto Fernandez, laid out his populist credentials during a visit to Madrid on Thursday, saying local Argentine interests would trump those of creditors and energy investors.

Fernandez, a moderate Peronist running alongside populist ex-leader Cristina Fernandez de Kirchner, added he was committed to meeting debt obligations as long as it did not harm Argentines. Wary investors have been seeking clues about how Fernandez would lead South American's No. 2 economy since he soundly defeated incumbent President Mauricio Macri in an August primary, dashing the center-right president's chances of winning a general election in October.The shock result caused a market tailspin with the peso and bonds tumbling to record lows.

On Thursday, Argentina country risk fell by 140 basis points to 2,000, after it recently hit the highest levels since 2005 on political and economic concerns. The peso edged down 0.1per cent to 56.08 per dollar by early afternoon, traders said.

Source: Financial Digest (financialdigest.net)

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

At climate forum, Democratic presidential hopeful Biden defends gas-linked fundraiserU.S. Democratic presidential front-runner Joe Biden was called out at a climate change forum on Wednesday for plans to attend a fundraiser hosted ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

How Italy's 'Captain' Salvini steered his ship onto the rocksAt a closed-door meeting on Aug. 6, Matteo Salvini's advisers told the populist Italian politician he was trapped in an unproductive coalition ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Trump hardens tone on China as trade war rattles economyWASHINGTON: Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday (Sep 3) sent stern warnings to China, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Trump hardens tone on China as trade war rattles economyWASHINGTON: Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday (Sep 3) sent stern warnings to China, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

When could the General Election be held? Analysts, opposition parties give their takeSINGAPORE — Now that the Electoral Boundaries Review Committee (EBRC) has been formed, several political analysts told TODAY that there are two likely windows for Prime Minister Lee Hsien Loong to call the next General Election (GE), which must occur before April 2021.
Source: TODAYonline - 🏆 1. / 99 Read more »

Proudly local, female-fronted brands The Wedding Atelier and Choo Yilin set sight on expansionSINGAPORE - For many home-grown brands, longevity is a tricky hurdle to cross.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »