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MercoPress, en Español

Montevideo, November 25th 2024 - 19:55 UTC

Economy

  • Thursday, July 7th 2022 - 09:30 UTC

    Brazilian beef exports booming with an even brighter second half expected

    The Chinese market remains the largest destination for Brazilian beef, increasing its share to 49% of total shipped, with 437,000 tons purchased by end of May.

    Brazilian exports of beef during the second half of the year should keep their bullish pace anticipates a report from Netherlands Rabobank, given the strong demand from China, United States, Egypt and the United Arab Emirates, reflected in an estimated 10% tonnage increase over 2021.

  • Tuesday, July 5th 2022 - 20:16 UTC

    IMF vows to keep working alongside Argentina

    “We have to be realistic and honest: tensions will exist” with the IMF, Batakis admitted

    The International Monetary Fund (IMF) has insisted on the need to keep working together with Argentina following the resignation of Martín Guzmán as Economy Minister and the subsequent appointment of Silvina Batakis.

  • Tuesday, July 5th 2022 - 09:48 UTC

    Final and total privatization of South America's largest port, Santos, scheduled for next December

    Privatization refers to the management of the terminal, currently under the Santos Port Authority The different terminals inside the port's area have already been privatized.

    The privatization of South America's largest port terminal complex, Santos in Brazil is advancing although slowly, but progressing. Infrastructure minister Marcelo Sampaio said that the required studies and legal papers for the privatization should be arriving at the Federal Court of Accounts no later than July 30th.

  • Tuesday, July 5th 2022 - 09:21 UTC

    Brazil launches US$ 65bn 'handouts' for the 2022/23 farming year

    This coming farm year credit in 36% higher that 2021/22, and includes big agro-business enterprises, small and medium sized farmers

    The Brazilian federal government launched last week the 2022/2023 agribusiness financing plan (Plano Safra), which will provide a total of Reais 340.8 billion (some US$ 65 billion) in credit to support the agri-business industry during the next twelve months.

  • Monday, July 4th 2022 - 22:09 UTC

    Argentina's new Economy Minister sworn in

    Batakis thanked CFK but not Alberto Fernández for her appointment

    Argentina's newly-appointed Economy Minister, Silvina Batakis, made a brief statement to the press minutes after taking her oath of office, during which she vowed to stay on the present course of action left behind by her predecessor Martín Guzmán, who resigned Saturday.

  • Monday, July 4th 2022 - 20:43 UTC

    No more foreign players for Argentine football clubs due to US dollar crisis

    Argentina's Central Bank has frozen money wirings abroad thus preventing clubs from hiring players from foreign clubs

    Argentina's current economic crisis is taking its toll on football. Transactions involving foreign players who were about to be hired by local clubs have been put on hold after local clubs have been rendered unable to have access to the amount of US dollars needed for the deal to go through.

  • Monday, July 4th 2022 - 10:43 UTC

    Alberto Fernández picks Silvina Batakis as new Economy Minister

    Batakis' resumé includes various positions within the Buenos Aires provincial administration since 1992.

    Argentine President Alberto Fernández chose Silvina Batakis as the new Economy Minister following the resignation of Martín Guzmán during the weekend, a move which has prompted a rise in the informal exchange rate between the local peso and the US dollar, thus fueling already seemingly unstoppable inflation.

  • Sunday, July 3rd 2022 - 14:26 UTC

    Argentine Economy Minister resigns, President's fate at stake

    Guzmán's resignation fueled inflation and left President Fernández on the brink of an early departure

    Martín Guzmán has turned in his resignation Saturday as Economy Minister of Argentina, dealing with what many regards as a coup de grace to the administration of President Alberto Fernández, amid rampant inflation and growing popular discontent following additional restrictive measures regarding imports and the purchase of hard currency (namely US dollars) for transactions abroad, where the local peso carries no weight.

  • Saturday, July 2nd 2022 - 10:09 UTC

    Chile's gov't aims to tax the wealthiest and the mining companies

    Less than 3% of taxpayers will pay more taxes, and less than 97% will not pay more taxes, Minister Marcel explained

    The administration of Chilean President Gabriel Boric Font Friday moved on with its initiative to introduce a revolutionary tax reform, which targets the wealthiest 3% of the population and the large copper mining companies.

  • Friday, July 1st 2022 - 22:45 UTC

    Lacalle arrives in Colombia to meet Duque but not Petro

    Luis Lacalle Pou will not be meeting President-elect Gustavo Petro, who is off to Europe on a short holiday before taking office next month

    Uruguay's President Luis Lacalle Pou landed late Thursday local time at Bogotá's Eldorado international airport, where he was welcomed by Deputy Foreign Minister Francisco Echeverri.