MercoPress, en Español

Montevideo, December 14th 2018 - 19:49 UTC

Economy

  • Friday, April 11th 2008 - 21:00 UTC

    “Rice prices crisis” has become a global challenge, says IRRI

    Rice prices are set to keep rising as demand is outstripping production according to the Philippines-based International Rice Research Institute (IRRI). In its Rice Today publication IRRI calls for more research on how to increase rice productivity and face the “rice prices crisis”.

  • Thursday, April 10th 2008 - 21:00 UTC

    IMF forecasts 4.4% growth for 2008 in “resilient” Latam

    Economic growth in Latinamerica will slow this year and next because of a “mild recession” in the US and turmoil in global financial markets, according to the International Monetary Fund World Outlook report released Wednesday

  • Thursday, April 10th 2008 - 21:00 UTC

    UK cuts rate 0.25%; expects inflation to fall back in mid term

    The Bank of England on Thursday lowered interest rates to 5% from 5.25% in an attempt to spur the UK economy. This is the third rate cut since early December.

    BoE argued that concern over the slowing down of the economy was more immediate that inflation, which should fall back to 2% in the mid term.

  • Thursday, April 10th 2008 - 21:00 UTC

    Targeting short-term inflation ECB leaves Euro rates on hold

    The European Central Bank left interest rates on hold at 4% highlighting concern about accelerating short-term inflation pressures and the acknowledgement of a protracted period of economic uncertainty stemming from the global credit crisis.

  • Thursday, April 10th 2008 - 21:00 UTC

    Yuan up 4.3% against US dollar in 2008; 18.3% since Jul 05

    The Chinese currency broke this week the psychological benchmark of seven Yuan to the US dollar which could signal a change of policy in Beijing since a stronger currency should help fight inflation and makes food and energy prices cheaper.

  • Thursday, April 10th 2008 - 21:00 UTC

    Brazilian companies doubled profits under Pte. Lula da Silva

    A solid and stable democracy has led to a functioning market economy

    Brazilian corporations from 21 different business sectors doubled their profits in the five years of President Lula da Silva administrations (2003/2007), according to information disclosed by Economatica consultants in Sao Paulo.

  • Thursday, April 10th 2008 - 21:00 UTC

    World Bank warns about rising food prices and poverty

    World Bank President Robert Zoellick called Thursday for a “New Deal” on global food policy to address hunger and emergency situations in developing countries such as Haiti because of rising food prices.

  • Wednesday, April 9th 2008 - 21:00 UTC

    IMF forecasts one in four chance of global recession

    The US mortgage debacle triggered the global financial crisis

    International Monetary Fund (IMF) has said that the world economy will grow much more slowly in the next two years as a result of the credit crunch. In its latest economic forecast, the IMF says that world economic growth will slow to 3.7% in 2008 and 2009, 1.25% lower than growth in 2007.

  • Tuesday, April 8th 2008 - 21:00 UTC

    Brazil supports soy expansion in spite of budding controversy

    Brazil has become the world's second exporter of soy beans totaling 25.6 million tons in 2006/07 and one of the country's main sources of international income. But as in Argentina and other countries soy expansion is becoming controversial in spite of the fact the government expects the volume of production to keep expanding.

  • Tuesday, April 8th 2008 - 21:00 UTC

    Chinese banks may now invest in US stocks and funds

    Wall Street hopes to be flooded by billions of Yuans

    Chinese banks may now invest their clients' money in United States stocks and mutual funds, China's banking regulator has said allowing them to diversify their portfolios at a time of increasing market volatility. The decision announced this week is also expected to help ease inflationary pressures in the world's fastest growing economy.