Argentina's Peronists swept back into power on Sunday, ousting conservative President Mauricio Macri in an election result that shifts Latin America's No. 3 economy firmly back toward the left after it was battered by an economic crisis.
Peronist Alberto Fernandez had 47.79 percent of the vote, ahead of Macri's 40.71 percent, with more than 90 percent of ballots counted, putting the center-left challenger over the 45 percent threshold to avoid a runoff and win the election outright.
Macri, speaking at his election party, conceded the race and congratulated Fernandez. He said he had invited Fernandez to the presidential palace on Monday to discuss an orderly transition, seen as essential for Argentina's shaky economy and markets.