MercoPress, en Español

Montevideo, January 22nd 2018 - 16:17 UTC

Tag: reform

  • Friday, January 12th 2018 - 10:58 UTC

    S&P downgrades Brazil's credit rating; delay of pension system reform takes the blame

    The decision underscored concerns that a business-friendly reform agenda proposed by unpopular president Temer may stall this year

    Ratings agency Standard & Poor’s cut Brazil’s credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a stable outlook, citing less timely and effective policymaking. S&P also cited a risk of greater policy uncertainty after this year’s elections.

  • Friday, December 22nd 2017 - 09:56 UTC

    Argentina: Approval of reform bills triggers markets

    The president Mauricio Macri administration expects the economy to grow around 3% this year following a 2.2% percent contraction in 2016.

    Merval, the main index of the Buenos Aires Stock Exchange, rose 1.51% Thursday, closing at 28,494.01 points - close to exceeding the maximum of the year, by 28,500 points. The Argentine stocks were driven by the approval of the pension and tax reforms passed this week in the House of Representatives.

  • Tuesday, May 25th 2010 - 00:57 UTC

    IMF bluntly tells Spain austerity and reform measures are not enough

    Urgent reforms needed for labour market and banking sector

    The International Monetary Fund has raised fresh concerns about Spain's economy, saying “far-reaching” reforms are needed to ensure its recovery. It said the country faced “severe” challenges, including the need to urgently reform a “dysfunctional” labour market, and its banking sector.

  • Wednesday, May 5th 2010 - 01:27 UTC

    Cuba Fires Ministers, Considers Opening Sugar Industry to Foreign Investors

    Sugar was once the main export of Cuba, but the emblematic industry after decades of bureaucratic management needs to be subsidized

    Cuban President Raúl Castro replaced two high-level government ministers citing errors and incompetence, in the latest round of replacements at top-level government posts. There are also signs that Cuba might turn the sugar industry to foreign investment.