Argentina’s pro-business President Mauricio Macri suffered a crushing setback in a primary election on Sunday, indicating that he may lose re-election in October
’s election and see his market overhauls unraveled by his leftist rivals.
In a nationwide primary, Mr. Macri received 32% support versus 48% for his opponent, Alberto Fernandez, with more than 99% of the ballots counted, the government said. Mr. Fernandez is a member of the powerful Peronist movement whose vice presidential running mate is ex-President Cristina Kirchner,...
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