Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, July 3rd 2025 - 01:31 UTC

Economy

  • Wednesday, March 1st 2023 - 09:05 UTC

    IMF picks former Chilean Minister to replace Goldfajn

    Georgieva praised Valdés' background and qualifications for the post

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva Tuesday announced that Chilean Economist Minister Rodrigo Valdés had been chosen to succeed the Brazilian Ilan Goldfajn as Regional Director of the global agency. Goldfajn left his post to become President of the Inter-American Development Bank (IDB).

  • Tuesday, February 28th 2023 - 10:07 UTC

    Argentine gov't fine-tuning fight against informal beef trade

    AFIP auditors tracked all the steps in beef exports to China and detected profits were higher than declared

    Argentine exporters have been discovered inflating their expenses in their beef shipments to China leading to tax deductions of around AR$ 13 million (around US$ 34,200 at the unofficial exchange rate), the AFIP tax bureau reported.

  • Tuesday, February 28th 2023 - 07:02 UTC

    AMLO wants a five-nation anti-inflation regional alliance

    AMLO needs some regionality after refusing to hand over the pro tempore presidency of the Pacific Alliance to “puppet” Boluarte

    Mexican President Andrés Manuel López Obrador (AMLO), who insisted Monday on dubbing his Peruvian colleague Dina Boluarte “a puppet,” has launched an initiative to tackle inflation with other regional leftwing leaders, namely Argentina's Alberto Fernandez, Brazil's Luiz Inácio Lula Da Silva, Colombia's Gustavo Petro, and Cuba's Miguel Díaz-Canel

  • Monday, February 27th 2023 - 17:42 UTC

    Mercosur-EU deal on hold until South American producers follow same protocols, Macron warns

    South American producers “do not respect the same environmental and sanitary restrictions that we impose on our producers,” Macron explained

    French President Emmanuel Macron once again warned during the weekend that the Mercosur-EU deal would not be ratified until every country involved in it abode by the same set of environmental rules. “When restrictions are imposed on our producers, we must impose them on the food we import,” he underlined.

  • Monday, February 27th 2023 - 08:28 UTC

    IMF to relax quarterly reviews of Argentina's reserve targets after Massa-Georgieva talks

    It is better to be predictable than to need waiver after waiver, Massa told Georgieva

    Argentina's Economy Minister Sergio Massa and International Monetary Fund (IMF) Managing Director Kristalina Georgieva held a bilateral meeting this weekend at the Indian city of Bengaluru where arrangements were being made for the G20 Summit of heads of state and government later this year.

  • Friday, February 24th 2023 - 10:30 UTC

    Massa has busy agenda in India

    The pre-G20 Summit meeting is likely to issue a direct recommendation to the IMF to cut down the surcharges billed to emerging countries

    Argentina's Superminister of Economy Sergio Massa met Thursday with colleagues from hosts India and also of China during his stay in the Indian city of Bengaluru, the capital of the Indian state of Karnataka, where arrangements are being made by finance ministers and central bank presidents for the G20 Summit of heads of state and government later this year.

  • Friday, February 24th 2023 - 10:14 UTC

    Biden picks Indian-American candidate to chair World Bank

    “Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said

    Former Mastercard CEO Ajay Banga has been picked by US President Joseph Biden to vie for chairman of the World Bank (WB), it was announced Thursday in Washington DC. Banga, 63, who was born and raised in India, has the indispensable experience to mobilize public and private resources to address the most urgent challenges of our time, including global warming, the White House explained through a statement.

  • Friday, February 24th 2023 - 10:00 UTC

    Pfizer appoints new country manager for Argentina, Uruguay, and Paraguay

    Ruiz Villamil joined Novartis in mid-2018 and became CEO in June 2021

    Doctor Agustina Ruiz Villamil has been appointed as Pfizer's new Chief Executive Officer for Argentina, Uruguay, and Paraguay to replace Nicolá Vaquer, who was the laboratory's chief during the Covid-19 pandemic and the ensuing negotiations for the purchase of vaccines.

  • Thursday, February 23rd 2023 - 09:20 UTC

    Brazilian beef sales to China suspended due to case of mad cow

    “All measures are being taken immediately,” Minister Carlos Favaro stressed

    Brazil's Ministry of Agriculture announced Wednesday that even though it poses no threat to human consumers, beef exports to China are to be halted effective Thursday after a case of the mad-cow disease has been confirmed in the State of Pará, Agencia Brasil reported.

  • Wednesday, February 22nd 2023 - 11:00 UTC

    British maker of autoparts closes Argentine business

    TI Fluid Systems will halt production on Feb. 28 and cease all operations by April 30

    A British maker of auto parts is closing its plant in Victoria in the province of Buenos Aires on the northern outskirts of the country's capital due to the “serious economic situation” the South American nation is going through, it was reported. The sector is particularly affected by foreign exchange restrictions which render inputs unattainable.