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MercoPress, en Español

Montevideo, May 8th 2024 - 23:16 UTC

Economy

  • Monday, February 5th 2024 - 10:49 UTC

    Argentine SMEs report sharp drop in sales

    Textiles were the only exception with a small increase after a big drop the previous year

    Argentina's Chamber of Small and Medium-sized Businesses (CAME) released a report Sunday pointing out that retail sales had suffered an interannual drop of 28.5% last month as a result of the loss in purchasing power by consumers affected by President Javier Milei's latest measures. Sales also fell by 6.4 % from December, CAME said.

  • Monday, February 5th 2024 - 10:46 UTC

    Argentina exported 682,000 tons of beef last year, mostly to China

    China bought 73% of boneless meat and virtually all bone-in meat sold by Argentina last year

    Argentina is forecasted to increase 5,1% beef and calf production this year, reaching some 3,3 million tons with a domestic consumption of 2.43 million tons, according to the latest report from the United States Department of Agriculture (USDA). This follows on a record beef exports 2023, 682.000 tons, despite government measures and export levies aimed at curbing prices in the home market in an election year.

  • Monday, February 5th 2024 - 10:42 UTC

    Argentina: Milei's passionate kiss on stage makes headlines

    Presidents are entitled to personal relationships

    Javier Milei made the headlines this weekend for his unpresidential kiss on stage with his romantic partner Fátima Florez at a Mar del Plata theater, where the entertainer was performing before celebrating her birthday.

  • Monday, February 5th 2024 - 10:35 UTC

    EU promoting consumers' “right to repair” by fostering the repair industry and extending products' life

    The deal includes common household products such as washing machines, vacuum cleaners and even smartphones, the European Parliament said in a statement.

    With environmental protection and waste reduction in mind, European Union members are working to establish a “right to repair” for consumers to encourage more sustainable consumption and boost the repair industry by making repairs more accessible and cost-effective.

  • Monday, February 5th 2024 - 10:23 UTC

    Argentine gov't sees inflation decelerating

    Milei “needs to have the political and economic tools” that will allow him to face “many problems,” including inflation, Zago explained

    Argentine President Javier Milei told the audience at his girlfriend's show at a Mar del Plata theater that “inflation has started to go down” and that the country “will soon move forward.” The head of state traveled on Saturday to the popular beach resort to be with Fátima Flórez during her birthday celebrations and returned to Buenos Aires on Sunday to make the arrangements for his trip abroad starting Monday.

  • Saturday, February 3rd 2024 - 10:59 UTC

    Argentine Lower House broadly approves Milei's workhorse bill

    The House will start reviewing next Tuesday each of the more than 300 provisions featured in the draft

    Argentina's Lower House Friday broadly approved by 144 votes to 109 President Javier Milei's so-called Omnibus Law bill to curb State spending and achieve zero deficit, it was reported in Buenos Aires. Next week, each provision of the draft will be analyzed separately, it was also explained.

  • Saturday, February 3rd 2024 - 10:34 UTC

    Paraná River: Traffic restored after ship is freed from bridge pillar

    Traffic was partially diverted to the Paraná Guazú temporarily

    The Liberian-flagged freighter En May was removed on Friday from one of the pillars of the Zárate-Brazo Largo bridge that connects the Argentine provinces of Buenos Aires and Entre Ríos, where she got stuck after losing her steering capabilities last Sunday. Full navigation was thus restored on the Paraná River waterway.

  • Friday, February 2nd 2024 - 10:55 UTC

    BlackRock: Investing guru Larry Fink tells Milei he will be visiting Argentina in May

    Fink told Milei that it would “take a long time for investments to return to Argentina”

    BlackRock CEO and founder Larry Fink told Argentine President Javier Milei in a virtual meeting that he would be visiting the South American country in May, and Casa Rosada Spokesman Manuel Adorni confirmed in Buenos Aires.

  • Friday, February 2nd 2024 - 10:29 UTC

    S&P raises Paraguay's grading to BB+

    Fernández Valdovinos insisted that the new rating represented more opportunities for investment and economic growth

    The Standard & Poor's (S&P) rating agency Thursday raised Paraguay's grading from BB to BB+ after 10 years, Economy Minister Carlos Fernández Valdovinos announced. The news represented one more step towards obtaining an investment grade rating (a low risk of non-payment of debts), he also explained on social media.

  • Friday, February 2nd 2024 - 10:27 UTC

    Brazil: STF judge suspends heavy fine on Odebrecht

    Those being investigated may have been led to make decisions contrary to their interests and for the benefit of the prosecution, Toffoli argued

    Brazilian Supreme Federal Court (STF) Justice José António Dias Toffoli ordered a R$ 8.5 billion (about US$ 1.7 billion) corruption fine on Odebrecht suspended after raising doubts on the circumstances that led the company to accept such a collaboration agreement with the Prosecutor Office.