Global Rubber Market News
  • Home
  • Rubber News
  • Rubber Prices
  • Analytics
  • Synthetic
  • Tire News
  • Financial
No Result
View All Result
Global Rubber Market News
  • Home
  • Rubber News
  • Rubber Prices
  • Analytics
  • Synthetic
  • Tire News
  • Financial
No Result
View All Result
Global Rubber Market News
No Result
View All Result
Home Other News

Argentina’s Milei seeks omnibus bill backing as opposition warns ‘chainsaw’ starting

Renton Campoy by Renton Campoy
August 13, 2024
in Other News
0
Argentina
Share on FacebookShare on Twitter

5/5
Argentina
© Reuters. Law enforcement officers spray on demonstrators as they protest outside the National Congress on the day of the debate on Argentina’s President Javier Milei’s economic reform bill, known as the “omnibus bill,” in Buenos Aires, Argentina, January 31, 2024.

2/5

By Walter Bianchi

BUENOS AIRES (Reuters) – The government of Argentine libertarian President Javier Milei was racing to secure votes in Congress for its key ‘omnibus’ reform bill that entered the lower of chamber on Wednesday, even as the left-leaning opposition pledged to oppose it.

The bill, ranging from economic policy to privatization of state entities, is one the main planks in Milei’s reform push to tackle the South American country’s worst economic crisis in decades, with inflation over 200% and state coffers running dry.

Related Post

Pirelli at the goodwood festival of speed 2025

Pirelli at The Goodwood Festival of Speed 2025

July 15, 2025
Nexen tire earns ecovadis gold rating

NEXEN TIRE Earns EcoVadis Gold Rating

July 14, 2025

NEXEN TIRE Supplies Hyundai’s Next-Generation Hydrogen SUV

July 12, 2025

Tyron Runflat Grips the Blue-Light Sector

July 12, 2025

It marks his first major test since taking office in December after a shock election win for the economist who made his name as an acid-tongued TV pundit and campaigned with a chainsaw pledging to slash spending and the size of the state.

Milei faces a major challenge to push the bill through with his coalition only having a minority in both chambers, which means he has to win over allies. His government yanked a divisive fiscal section from the bill last week to boost support.

“Today, politicians have the chance to start reversing the damage they’ve caused the Argentine people,” Milei’s office said in a post on Wednesday, urging lawmakers to support the bill as an expected mammoth debate by legislators began.

In a sign of the challenge ahead, however, the main Peronist opposition bloc Union por la Patria, which is the largest single grouping in Congress, said it would reject the bill, posting a picture with a slogan “No to the Omnibus bill” on X, formerly Twitter.

“We reject the Omnibus bill because it puts fuel in Milei’s chainsaw to hurt the daily lives of Argentines,” wrote Peronist politician and former foreign minister Santiago Cafiero, a reference to his austerity plans to undo a deep fiscal deficit.

If the law is approved in the lower chamber – a debate that will likely extend beyond Wednesday – it moves next week to the Senate. Investors are watching closely, with hopes that the pared back version will pass, which would bolster local markets.

“The Omnibus bill now has a better chance of being approved in Congress,” said Fernando Sedano of Morgan Stanley.

“We continue to consider that the approval of radical reforms is positive for the medium-term narrative, even with a watered down version of the original bill.”

Source: Investing.com

Renton Campoy

Renton Campoy

Related Posts

Pirelli at the goodwood festival of speed 2025
Tire Market, Tire Company News

Pirelli at The Goodwood Festival of Speed 2025

by Renton Campoy
July 15, 2025
Nexen tire earns ecovadis gold rating
Tire Market, Tire Company News

NEXEN TIRE Earns EcoVadis Gold Rating

by Renton Campoy
July 14, 2025
Nexen tire supplies hyundai’s next generation hydrogen suv
Tire Market, Tire Company News

NEXEN TIRE Supplies Hyundai’s Next-Generation Hydrogen SUV

by Renton Campoy
July 12, 2025
Next Post
Oil prices slide as hopes for China demand rebound fade

Oil buoyed higher by US rate cut expectations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Eden tyres & servicing gains prestigious award

Eden Tyres & Servicing Gains Prestigious Award

July 8, 2025
Motor ombudsman claims tyresafe online and social media award

Motor Ombudsman Claims TyreSafe Online and Social Media Award

June 22, 2025

Top-10 Rubber Producing Countries in the World 2024

May 8, 2024
Dow Futures Up After 8 Weeks of Decline

Dow futures higher; Arm Holdings, Michigan consumer sentiment in focus

August 13, 2024

Rubber News

Rubber Market Is Expected To Trade At Equilibrium Next Week

Japan futures hit one-week high on better China data, weaker yen

November 6, 2024
Rubber price hike rejoices cultivators; irks manufactures

Japan futures dip as stronger yen, US election uncertainty weigh

November 5, 2024
In July 2024, Vietnam

Asian physical rubber prices – Oct 31

October 31, 2024
Japanese Rubber Futures Climb

Japan futures rebound on hopes of further China stimulus

October 31, 2024
Local Rubber Market Ends Mixed Amid Weaker Regional Sentiment

Japan futures hit one-month low on soft China data, trade tensions

October 30, 2024
Malaysia’s Natural Rubber Production Slides 5.2% In August

Asian physical rubber prices – Oct 30, 2024

October 30, 2024

Tire News

Pirelli at the goodwood festival of speed 2025

Pirelli at The Goodwood Festival of Speed 2025

July 15, 2025
Nexen tire earns ecovadis gold rating

NEXEN TIRE Earns EcoVadis Gold Rating

July 14, 2025
Nexen tire supplies hyundai’s next generation hydrogen suv

NEXEN TIRE Supplies Hyundai’s Next-Generation Hydrogen SUV

July 12, 2025
Tyron runflat grips the blue light sector

Tyron Runflat Grips the Blue-Light Sector

July 12, 2025
Prometeon celebrates successful return to rtx

Prometeon Celebrates Successful Return to RTX

July 11, 2025
Ryan reed announced goodyear vice president

Ryan Reed Announced Goodyear Vice President

July 11, 2025

Other News

  • All
  • Commodity Market News
  • Economic, Financial news
Iron ore futures drop

Iron ore futures gain on expectations

March 19, 2025
South korea’s mfg buys about 137,000 tons of corn

South Korea’s MFG buys about 137,000 tons of corn

March 19, 2025
Soybeans Corn Edge Higher After Losses Us Rains To Limit Gains

Safras trims forecast for Brazil’s soy output

March 19, 2025
Gold hits new all time highs

Gold prices slightly down

March 19, 2025
Peshawar: prices of essential items remain steady

Peshawar: Prices of essential items remain steady

March 19, 2025
Oil prices tick up on us attack on houthis, china economic hopes

Oil prices tick up on US attack on Houthis, China economic hopes

March 19, 2025
Load More
Global Rubber Market News

Global Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports

Rubber Prices

  • Global rubber prices reports
  • Futures
  • ASIA
  • China
  • India
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam

Rubber News

  • Global rubber market news
  • Global Rubber Analytics, Outlook
  • Global Synthetic Rubber News
  • Tire Market, Tire Company News
  • Rubber plantation

Other News

  • Commodity Market News
  • Economic, Financial news
  • Other News

© 2024 RMN - Global Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2024 RMN - Global Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports