Sergio Massa

Spain and Argentina were at diplomatic daggers drawn on Saturday as the two countries traded barbs over drug taking and economic decline.

Poor relations between the Hispanic nations hit a low on Friday night when Spain's Transport Minister Oscar Puente suggested Argentina's President Javier Milei was on drugs.

Argentines head to the polls Sunday in a down-to-the-wire race between two wildly different presidential candidates, with many frozen by indecision over which choice will rescue them from triple-digit inflation.

One candidate is Economy Minister Sergio Massa, 51, who has overseen annual inflation of 143 percent and record poverty levels.

 Economy Minister Sergio Massa produced a big surprise by finishing first in the opening round of Argentina's presidential election, reflecting voters' wariness about handing the presidency to his chief rival, a right-wing populist who upended national politics and pledged to drastically diminish the state.

Argentines will choose between far-right lawmaker Javier Milei, center-right coalition candidate Patricia Bullrich and Economy Minister Sergio Massa in this year's presidential vote, according to results from Sunday's primary election.

Inflation has been a problem across the world but Argentina is second in a World Bank ranking of countries with the highest food inflation, at 107 percent over the last year.

It's topped only by Lebanon, with a whopping 352 percent.

Argentina will pay for Chinese imports in yuan instead of U.S. dollars in order to preserve its dwindling foreign reserves, Economy Minister Sergio Massa has said.    

Argentina lost half of its seasonal soybean harvest in its main production area, the rich and normally humid center of the country, due to drought, the Rosario Stock Exchange has said.

Treasury and Finance Minister Nureddin Nebati has held a meeting with the senior executives of Goldman Sachs in Washington, D.C.