(Bloomberg) -- President Javier Milei‘s signature reform package eked out preliminary approval in Argentina’s Senate, but its most important fiscal measures ...
-- President Javier Milei ‘s signature reform package eked out preliminary approval in Argentina ’s Senate , but its most important fiscal measures face strong opposition in a piece-by-piece vote.After weeks of tense negotiations , senators approved the president’s market-friendly plan in a general vote Wednesday night after his vice president broke 36-36 tie.
“This is a positive development for investors, who are still on a wait-and-see mode with Argentina,” Marcelo García, Latin America director at political risk consultancy Horizon Engage, said by email. “The tight outcome of this vote in the Senate means the Milei government will need to continue to grow its incipient negotiations skills.
Wednesday stands to test Milei’s sharpening negotiating skills. Governors paraded through the presidential palace in the weeks leading up to the vote to meet with Guillermo Francos, the president’s newly minted cabinet chief. -- Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.
-- Ghana reached a deal with creditors formalizing debt treatment plans agreed in January, opening the the way for the disbursement of aid from the International Monetary Fund, the finance ministry said Wednesday.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.
-- US Treasuries trimmed gains after the Federal Reserve reduced the number of projected interest-rate cuts this year to just one, leaving the central bank at odds with the market.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.
Bloomberg Omnibus Bill Fiscal Measures Tense Negotiations Senate Argentina
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Milei’s Signature Reforms at Risk in Tense Argentine Senate VotePresident Javier Milei is pushing to get his signature omnibus reform package across the finish line in the Argentine Senate in a debate that began Wednesday morning, although its most important fiscal measures face strong opposition and hang by a thread.
Read more »
Copper Frenzy Draws Mining Giants to Argentina After Milei’s ReformsGlobal mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes.
Read more »
Oil Driller’s 1,400% World-Beating Rally Hinges On Milei ReformsMiguel Galuccio knows shale.
Read more »
Argentina's Milei pledges 'significant' tax cuts if congress approves reformsExplore stories from Atlantic Canada.
Read more »
Argentina's Milei pledges 'significant' tax cuts if congress approves reformsExplore stories from Atlantic Canada.
Read more »
Milei Cancels G-7, Macron Visits as Reforms Face Hurdles at HomeArgentine President Javier Milei has canceled a trip to Italy for next week’s Group of Seven summit and backed out of a scheduled meeting with France’s Emmanuel Macron, according to people with knowledge of his plans.
Read more »