Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, November 24th 2024 - 13:17 UTC

Economy

  • Thursday, August 1st 2024 - 07:48 UTC

    US Fed keeps rates unchanged; chair Powell believes a cut rate “could be on the table in September”

    Fed's Powell seeking a delicate balance, keeping rates high enough quell inflation, but also wants to avoid keeping borrowing costs so high that it triggers a recession.

    The Unites States Federal Reserve on Wednesday, following on a two day meeting (July 30/31) kept the key interest rate unchanged at a 23 year high of 5,3%, but chairman Jerome Powell said that the stage was set for the central bank's first rate cut in four years. With lower inflation and a cooler jobs market, this could happen at the next FOMC meeting in September.

  • Wednesday, July 31st 2024 - 09:01 UTC

    Baroness Chapman, new FCDO Minister for Latin America and the Caribbean

    Baroness Chapman, “our ties with Latin America are historic, rooted in shared democratic values. I look forward to renewing our partnership”

    Baroness Jennifer Chapman of Darlington has been appointed UK Parliamentary Under-Secretary of State at the Foreign, Commonwealth and Development Office on 18 July 2024.

  • Monday, July 29th 2024 - 08:59 UTC

    Milei promises rural producers that things will get better

    “The economic program has times and conditions, we have to look at the movie and not just the photo,” Milei argued

    In his appearance Sunday at the Argentine Rural Society Annual Exhibition's main ceremony in Buenos Aires, President Javier Milei promised to remove all export taxes in due time, for which he asked producers to be patient.

  • Saturday, July 27th 2024 - 08:32 UTC

    Moody's upgrades Paraguay's rating amid “robust” economic growth

    “The investment grade is a crucial step for the sustainable development of Paraguay,” Peña said from Paris

    The credit rating agency Moody's Friday upgraded Paraguay's score to “investment grade” thanks to the South American country's robust economic growth. The new status will facilitate access to credit for both the Paraguayan government and the private sector, it was explained.

  • Friday, July 26th 2024 - 17:31 UTC

    Milei and Macron discuss bilateral issues in Paris

    France might play a key role in the modernization of Argentina's Armed Forces after Friday's talks between Milei and Macron

    Presidents Javier Milei of Argentina and Emmanuel Macron of France got together Friday at the Elysee Palace ahead of the opening ceremony of the Paris 2024 Olympic Games to discuss ongoing world affairs and bilateral issues. It is the South American leader's 12th trip abroad since his inauguration on Dec. 10, 2023.

  • Thursday, July 25th 2024 - 20:18 UTC

    Lula insists world hunger is a political choice

    “Spending on armaments rose 7% last year,” Lula noted while funding against world famine is nowhere near

    Brazilian President Luiz Inácio Lula da Silva insisted during a G20 event in Rio de Janeiro that fighting hunger was a political choice, Agencia Brasil reported. The South American leader also pledged to steer his country out of that plight during his ongoing term.

  • Thursday, July 25th 2024 - 19:50 UTC

    Argentine Economy Minister meets with IMF Chief in Rio

    Caputo was full of praise for Georgieva as he almost desperately needs fresh IMF funding

    Argentina's Economy Minister Luis Toto Caputo met Thursday in Rio de Janeiro with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who said the encounter had been “constructive.”

  • Thursday, July 25th 2024 - 11:19 UTC

    Chilean fruit exports grow 9% in first semester of 2024

    “The export of services from Chile was already a record last year, and this year is heading for a new all-time high,” Fernández Ruiz pointed out

    Chile's agricultural sales abroad in the first semester of 2024 amounted to over US$ 7 billion, almost 9% more than in the same period of 2023 thanks in part to a public-private cooperation strategy promoted by the Undersecretariat of International Economic Relations and ProChile, the Ministry's Department in charge of offering and promoting national products and services to the world.

  • Thursday, July 25th 2024 - 08:41 UTC

    Fitch says default on Argentine bonds in foreign currency likely

    The scope of Minister Toto Caputo's plan is still unclear, Fitch stressed

    The credit rating agency Fitch outlined Wednesday the possible consequences of Argentina's latest measures, which would aggravate the uncertainty about the South American country's reserves, particularly after some of its gold was shipped abroad, in addition to other financial gambits that would allow for the creation of banking pesos that would jeopardize a return to “global capital markets.”

  • Wednesday, July 24th 2024 - 08:36 UTC

    UK policy, funds for aerospace projects but no support for Harland & Wolff

    Secretary Reynolds told Parliament that a government guarantee on £200 million of borrowing for Harland & Wolff shipyard posed too great a risk to taxpayer money

    The new Labor government gave a clear indication of its policies and course of action this week when it announced at the Farnborough International Air Show a £103 million funding for aerospace projects, supporting greener travel and thousands of jobs across the UK. This contrasts with the rejection of a guarantee loan for the Harland & Wolff shipyard in Belfast.