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MercoPress, en Español

Montevideo, May 22nd 2025 - 03:57 UTC

Economy

  • Friday, February 9th 2024 - 10:47 UTC

    Brazil's CPI 0.42% up last month

    Airline tickets fell in January, which drove inflation downward

    According to Brazil's IBGE statistics bureau, inflation last month in South America's largest country reached 0.42% for an accumulated 4.51% year-on-year. These results were driven mainly by increases in the prices of food, Agencia Brasil explained. January's figures were lower than the 0.56% recorded by the Broad National Consumer Price Index (IPCA) in December.

  • Thursday, February 8th 2024 - 10:59 UTC

    Argentina: Libertarians not to insist on so-called Omnibus Law bill

    The bill served its purpose of exposing “the caste,” Milei argued from Israel

    After Tuesday's failure at the Lower House to move forward with the so-called Omnibus Law bill targetting government spending, Argentine President Javier Milei said Wednesday from Israel that La Libertad Avanza (LLA) would not insist on that initiative which has achieved its goal of exposing “the caste.”

  • Thursday, February 8th 2024 - 10:28 UTC

    Bolivian economy minister says Fitch's downgrading was biased

    It is clear that it is bad accounting on Fitch's part, Montenegro argued

    Economy Minister Marcelo Montenegro said the latest grading given to Bolivia by Fitch Ratings entailed a “biased vision” according to which the country's total public debt, internal and external, represented 71.7% of the Gross Domestic Product (GDP) when it actually amounted to 46%.

  • Tuesday, February 6th 2024 - 11:11 UTC

    Car production in Argentina falls in January

    Argentina's automotive sector showed some growth regarding exports, Zuppi explained

    While car making in Argentina went down 16.7% year-on-year in January, exports grew by 34.7%, according to a report released Monday in Buenos Aires by the Association of Automotive Manufacturers (Adefa). Domestic vehicle production reached 22,643 units last month during a total of only 11 working days due to the prolonged summer recess. It also represented a 38.8% decline from December's output.

  • Tuesday, February 6th 2024 - 10:37 UTC

    Paraguay successfully issues bonds in local currency

    “This is a great step for our country, Paraguay is moving forward,” President Peña said

    The Government of Paraguay made history Monday by issuing international bonds worth US$ 500 million for the first time in local currency, it was reported in Asunción. “Paraguay makes history by issuing for the first time bonds in guaraníes in the international market. This means that from now on Paraguayan companies will be able to issue abroad, both in guaraníes and dollars, since they will have a reference interest rate to do so,” President Santiago Peña said.

  • 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.