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MercoPress, en Español

Montevideo, May 8th 2024 - 17:11 UTC

Economy

  • Tuesday, March 26th 2024 - 19:56 UTC

    Baltimore port traffic affected after astray ship downs bridge

    At least six people were missing but there could be more

    A powerless large cargo ship hit the Francis Scott Key Bridge in Baltimore, Maryland, early Tuesday, leading to the structure's collapse while many people had to be rescued from the Patapsco River. The FBI ruled out any link with foreign-sponsored terrorism. Opened in 1977, the bridge was named after the author of “The Star-Spangled Banner.”

  • Tuesday, March 26th 2024 - 12:06 UTC

    Falkland Islands' A+ rating retained, signals economic strength

    “The continued A+ rating provides an excellent position to support our future budgetary decisions,” Financial Secretary Pat Clunie said

    The Falkland Islands Government (FIG) has announced the retention of its global A+ sovereign rating by S&P Global Ratings, with a stable outlook. This rating reflects the government's strong financial capacity and prudent fiscal policies.

  • Monday, March 25th 2024 - 07:47 UTC

    Mondino: FTA with Japan OK but trade with China not good

    “We cannot gain much by working together with some countries that are not liberal democracies,” Mondino said about China

    Argentine Foreign Minister Daiana Mondino traveled to Japan between March 21 and 23 to boost a Free Trade Agreement (FTA) between the Asian country and the South American Common Market (Mercosur). While at it, Mondino seized the opportunity to further criticize China.

  • Saturday, March 23rd 2024 - 14:36 UTC

    The Economist, “After 100 brutal days, Javier Milei has markets believing”

    President Milei fighting with the sawmill and the blender (Pic AFP)

    “We are genuinely very satisfied,” declared President Javier Milei of Argentina on local radio, after inflation in February fell by more than expected, to 13%. That, however, is the monthly figure. Over the past year it has amounted to 276%—the highest in the world. Inflation of just 8% annually has rattled politics in richer countries.

  • Saturday, March 23rd 2024 - 14:24 UTC

    Bank of England confirms restrictive monetary policy: keeps rates unchanged

    Twelve-month CPI inflation fell to 3.4% in February from 4.0% in January and December, a little below the expectation in the February Monetary Policy Report

    As decided by the US Federal Reserve, the Bank of England Monetary Policy Committee, (MPC) at its meeting ending on 20 March 2024, voted by a majority of 8–1 to maintain Bank Rate at 5.25%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 5%.

  • Friday, March 22nd 2024 - 19:56 UTC

    JetSmart to fly twice a day between Montevideo and Buenos Aires

    JetSmart also intends to use the air shuttle between Carrasco and Aeroparque as a feeder to the Buenos Aires-Asunción route

    The budget carrier JetSmart announced this week that starting May 29 it will be offering two daily flights between the airports of Buenos Aires Aeroparque Jorge Newbery (AEP) and Montevideo's Carrasco. The official ceremony was held at the residence of Uruguay's Ambassador in Argentina Carlos Enciso, who was said to be pivotal in brokering these services since 2021 to add to those offered by Aerolíneas Argentinas.

  • Friday, March 22nd 2024 - 19:27 UTC

    Buenos Aires Governor Kicillof turns to BRICS for financial help

    During the videoconference, Kicillof (R) explored the possibility of the province getting a loan from the NDB

    The governor of the Argentine province of Buenos Aires Axel Kicillof Thursday held a video conference with BRICS bank chairwoman and former Brazilian President Dilma Rousseff to “strengthen collaboration ties and discuss investment opportunities” for the country's largest territory, according to a statement from the Peronist/Kirchnerite leader's office.

  • Thursday, March 21st 2024 - 09:41 UTC

    Brazil's Copom further lowers Selic interest rate in line with market expectations

    “There's nothing to celebrate,” Juvandia Moreira said

    Brazil's Monetary Policy Committee (Copom) announced Wednesday that it was further cutting the economy's basic interest rate known as Selic by 0.5 percentage points to 10.75% per year, Agencia Brasil reported.

  • Tuesday, March 19th 2024 - 11:04 UTC

    Boric says Chile's economy will take off in 2024 after dodging recession

    Growth is going to be noticed in the pockets of families, said Boric

    Chilean President Gabriel Boric Font said Monday that his country's economy would “take off” this year after dodging recession in 2023 and reaching a meager 0.2% growth.

  • Tuesday, March 19th 2024 - 10:30 UTC

    Paraguayan President highlights his country's productive model

    Peña underlined Paraguay's strengths regarding business undertakings

    President Santiago Peña highlighted Paraguay's productive model and spoke about his country's future in terms of economic and financial development in the panel “Spotlight on Latin America” sponsored by the Financial Times, it was reported Monday in Asunción. The head of state also pointed out that the technology incorporated into the agricultural production system will allow Paraguay to achieve the development it has longed for.