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Conservative Mauricio Macri wins Argentina presidency Conservative Mauricio Macri wins Argentina presidency
(about 1 hour later)
Conservative Mauricio Macri has been confirmed as the winner in Argentina's presidential elections, as his ruling party opponent conceded.Conservative Mauricio Macri has been confirmed as the winner in Argentina's presidential elections, as his ruling party opponent conceded.
With most votes counted, Mr Macri had more than 53% to Daniel Scioli's 47%. With almost all votes counted, Mr Macri had 52% to Daniel Scioli's 48%.
Loud cheers erupted at Mr Macri's campaign headquarters after TV exit polls suggested he had won.Loud cheers erupted at Mr Macri's campaign headquarters after TV exit polls suggested he had won.
Mr Macri, the mayor of Buenos Aires, lost to Mr Scioli, who is the governor of Buenos Aires province, in the first round of voting in October.Mr Macri, the mayor of Buenos Aires, lost to Mr Scioli, who is the governor of Buenos Aires province, in the first round of voting in October.
But neither candidate managed to win the vote outright, forcing a run-off - the first in the country's history - and Mr Scioli lost ground to his rival in the month since.But neither candidate managed to win the vote outright, forcing a run-off - the first in the country's history - and Mr Scioli lost ground to his rival in the month since.
If Mr Macri's apparent victory is confirmed, it will be the first time in more than a decade that Argentina's centre-right opposition has wrested the presidency from the centre-left Peronists. Analysis: Daniel Gallas, BBC South America business correspondent
Mr Macri, the leader of the Cambiemos (Let's Change) coalition, went into Sunday's vote with a comfortable lead in opinion polls. A month ago, Argentina looked set to elect Daniel Scioli and keep President Cristina Fernandez's party in power. But in the run-off vote on Sunday - the first in Argentina's history - voters opted for radical change, electing free-market candidate Mauricio Macri.
He campaigned on pledges to bring new investment into the ailing economy, tackle crime and fight corruption. After a campaign marked by strong mutual attacks, tonight both Mr Macri and Mr Scioli gave measured, respectful speeches after results were announced - perhaps a sign that there can be a constructive dialogue in the coming few days.
Mr Macri will have a lot on his plate in the coming days and after 10 December, when he takes office.
Markets will be watching how he ends currency controls - one of his key promises to get Argentina growing strongly again. He will also need to build a coalition in Congress, as he does not have the majority to rule.
Mr Macri's victory will be the first in more than a decade for Argentina's centre-right opposition.
He went into Sunday's vote with a comfortable lead in opinion polls, and campaigned on pledges to bring new investment into the ailing economy, tackle crime and fight corruption.
The son of one of Argentina's richest men, he had a long career in business before entering politics.The son of one of Argentina's richest men, he had a long career in business before entering politics.
A close ally of current President Cristina Fernandez de Kirchner, Mr Scioli had been expected to win by a greater margin in October.A close ally of current President Cristina Fernandez de Kirchner, Mr Scioli had been expected to win by a greater margin in October.