Conservative wins Argentine presidency

Nov 21, 2015, 10:03 PM EST
 Mauricio Macri.

Conservative Mauricio Macri has been confirmed as the winner in Argentina's presidential elections, as his ruling party opponent conceded.

The BBC writes:

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.

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.

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.

Reuters writes:

In a sign of Argentines' weariness with a spluttering economy, rising crime and corruption, Macri had gone into the run-off election with a comfortable lead in opinion polls over his ruling party rival Daniel Scioli.