BUSINESS BRIEF The headquarters of the Cooper Tire Rubber Company in Findlay, Ohio.BLOOMBERG NEWS Enlarge FINDLAY — Cooper Tire Rubber Co. has announced a new partnership with Fate, the leading tire manufacturer in Argentina. Findlay-based Cooper said Monday that Fate will initially become a distributor of Cooper tires in Argentina, but the companies are exploring more opportunities to work together. Cooper Read more [...]

This time voters choose a pro-business president November 24, 2015 12:00 AM Share with others: Voters in Argentina on Sunday elected Mauricio Macri as president, a moderate conservative from a business family, to follow 12 years of liberal rule by the Kirchner family.  Mr. Macri will succeed Cristina Fernandez de Kirchner, who has been president since 2007, and her late husband, Nestor Kirchner, who came to power in 2003 and died in 2010.  Ms. Read more [...]

BUENOS Aires was stopped in its tracks at 11.59pm on Saturday night. Restaurants, bars and clubs emptied abruptly and would-be revellers poured onto the streets and made their way home. In a city which can lay claim to being a true 24-hour hub along with New York, Tokyo and, maybe someday, London, this is quite a spectacle. The reason is an oddity of Argentina’s election laws. Not only does every man and woman under the age of 70 have to turn up to vote, but the country Read more [...]

History is replete with great nations that decline into tragic despotism and poverty, but less common is the story of national revival and renewed prosperity. The latter is the challenge for Argentina’s new President-elect Mauricio Macri, who swept away 12 years of Peronist rule on Sunday in some rare good news for global freedom. The Buenos Aires Mayor has a heroic task ahead, with an economy in recession and 25% annual inflation. Yet Argentines deserve credit for showing more fight than Read more [...]

Argentina elected pro-business candidate Mauricio Macri in a presidential election Sunday. Photo by Marcos Brindicci/Reuters In a historic runoff election Sunday, Argentina elected Buenos Aires’ pro-business mayor Mauricio Macri over Daniel Scioli, a member of President Cristina Fernandez de Kirchner’s Victory Front party. Macri, who will assume office Dec. 10, has the chance to set Argentina on the path to economic recovery after more than a decade of stalled domestic production and falling Read more [...]

(Adds dropped word "us" in quote, 2nd paragraph)BUENOS AIRES Nov 23 President-elect Mauricio Macri urged patience from Argentines while he defines his economic strategy and called on officials in the central bank to step aside so that his government could nominate a team that it trusted. "We hope they have the dignity and generosity to allow the new government to chose its path by letting us choose people in which I and all my team hold trust," Macri told a news conference. Read more [...]

NEW YORK, Nov 23 (IFR) - Bonds issued by Argentina were trading slightly higher on Monday after market favorite Mauricio Macri won the presidential election over the weekend.Bonar 2024s were starting the day about one point stronger at 103.00, while dollar discounts had rallied about one and a half points to trade at 116.00.The relatively restrained rally underscores investors shifting focus to the challenges faced by the incoming administration in implementing policy changes and ending the decade-long Read more [...]

It would appear that there will be a long overdue change in administration in Argentina as the challenger; Mauricio Macri has won the runoff election in that country.  Argentina has a long and interesting history of economic trouble with numerous international debt default/restructuring episodes along the way (they have defaulted on external debt seven times in the past 200 years). The most recent was in 2001, which ultimately led to the election of Nestor Kirchner (Peronist) in 2003 who was followed Read more [...]

Current mayor of Buenos Aires Mauricio Macri has beaten Daniel Scioli in an election that went into a run-off after the latter narrowly missed out on a sufficient majority.The victory by Macri’s centre-right Cambiemos (Let’s Change) party brings to an end the 12-year reign of the Peronist party, which conceded defeat on Sunday.With the vast majority of votes counted, Macri was ahead of his rival, with Read more [...]

An Orthodox Jew will head the Argentine Jewish political umbrella for the first time in its 80-year history. Ariel Cohen Sabban was elected president of the Delegación de Asociaciones Israelitas Argentinas on November 19 with 52 percent of the vote to 44 percent for the incumbent, Julio Schlosser. He Read more [...]