Sunday’s election of opposition candidate Mauricio Macri marks a moment investors have been waiting for in Argentina for a long time.In the 14 years since the country carried out the biggest default the world had ever seen, international investors watched an economy that had long been one of their favorites turn into a pariah in global capital markets. Under the Kirchners -- first Nestor and then his wife, Cristina -- Argentina became best known for its byzantine foreign-exchange system, the seizure Read more [...]

BUENOS AIRES – Conservative opposition candidate Mauricio Macri won Argentina’s presidential election on Sunday after promising business-friendly reforms to spur investment in the struggling economy. Macri’s supporters swarmed to the Obelisk in the heart of Buenos Aires’ theatre district for a giant street party as subdued ruling party candidate Daniel Scioli conceded defeat. Argentina’s election body said Macri had 52.1 percent of votes and Scioli had 47.9 percent with returns in from Read more [...]