Wednesday, August 12, 2015

Argentine front-runner Scioli would seek bond holdout deal: advisor

Daniel Scioli, Buenos Aires' province governor and presidential candidate, gestures as he speaks next to his wife Karina Rabolini in Buenos AiresBy Hugh Bronstein BUENOS AIRES (Reuters) - Argentina's presidential front-runner wants to settle a financially hobbling suit with bondholders, woo new investors, cut inflation and could revise energy subsidies to put the country's fiscal house in order, his economic advisor said. Buenos Aires Governor Daniel Scioli may represent the party of outgoing President Cristina Fernandez, whose currency and trade controls have slowed the economy, but his policies may veer away from hers if he wins the October election. A shift toward orthodoxy could help untangle Argentina's relationship with the global bond market and attract foreign companies eager to exploit the country's natural resources.


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