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MercoPress, en Español

Montevideo, November 21st 2024 - 20:32 UTC

Economy

  • Monday, July 22nd 2024 - 21:02 UTC

    Brazilian flying taxi model launched

    The estimated range is 100 kilometers, due to which it will be limited to urban transport, at least in the early stages

    A subsidiary of Brazilian aircraft manufacturers Embraer launched this weekend in Gavião Peixoto, in the State of São Paulo, the full-scale prototype of the new flying taxi, which was introduced during the 45th edition of the Farnborough Airshow in England. According to Eve, the company behind this development, the eVTOL model represents a leap in urban aerial mobility which will transform cityscapes by 2026.

  • Monday, July 22nd 2024 - 19:54 UTC

    Paraguay's first 30 electric buses to be delivered this year

    “We are working on the technological software,” Deputy Minister Fernández explained

    The first 30 electric buses of Asunción's public network will be operational before the end of 2024, Deputy Transport Minister Emiliano Fernández announced Monday after a meeting with experts from the Taiwanese company building the vehicles. President Santiago Peña has pledged that 1,000 of these units would become available shortly.

  • Monday, July 22nd 2024 - 11:37 UTC

    European Central Bank leaves rate unchanged, waiting for September data

    ECB president Christine Lagarde said 2024 would be a year of “muted growth, accompanied by heightened uncertainty,”

    The European Central Bank (ECB) left its main interest rate unchanged at 3.75%, but president Christine Lagarde indicated that an interest rate cut is possible at its next meeting in September. However in her media conference following last Thursday announcement warned that risks to growth persist.

  • Monday, July 22nd 2024 - 10:11 UTC

    IMF Chief visits Paraguay's tourist attractions

    Georgieva visited the Itapú Hydroelectric Plant on her day as a tourist in Paraguay

    International Monetary Fund Managing Director Kristalina Georgieva Sunday visited the Itaipú Hydroelectric Power Plant and other Paraguayan tourist attractions before starting a series of engagements in the South American country this week. Her agenda includes encounters with government officials, women leaders, and representatives of civil society and the private sector. Georgieva underlined Paraguay's stability and Itaipú's role in this achievement.

  • Monday, July 22nd 2024 - 08:24 UTC

    Bolivian gov't planning new moves to tackle soaring US dollar

    Cusicanqui believes that a trade surplus should result in more US dollars available

    The Bolivian Government of President Luis Arce Catacora is taking bold steps to keep the exchange rate between the local currency and the US dollar from soaring any further, Planning Minister Sergio Cusicanqui said Sunday. “In view of the speculative scenario of the US currency, it is necessary to examine what is happening and take other measures from the Government,” the minister explained.

  • Friday, July 19th 2024 - 20:46 UTC

    Caputo confirms Argentina shipped gold abroad

    The Economy Minister exulted in telling savers that they would end up selling their US dollars to pay taxes and make the peso a strong currency

    Argentina's Economy Minister Luis Toto Caputo confirmed rumors from opposition lawmakers and union leaders indicating that the Central Bank (BCRA) was transferring gold from the country's coffers to foreign destinations. He explained that the move sought to generate a return on an otherwise unproductive metal.

  • Wednesday, July 17th 2024 - 09:23 UTC

    Paraguay experiences record foreign trade in the first half of 2024

    Identifying sales by product category, primary goods exports, soy and wheat, totaled US$ 2.48 billion in six months, up 4.0% from the same period last year

    Paraguay exports marked a record sum in the first six months of 2024, having totaled, US$ 8,57 billion, the highest in the last five years and also a maximum diversification of markets in 136 different countries. Stats were supplied in a draft paper on foreign trade from the Paraguayan central bank.

  • Wednesday, July 17th 2024 - 09:16 UTC

    Brazil: inflation down in June, but also economic growth; Lula waiting to remove Central Bank chair in December

    The mandate of central bank governor Roberto Campos Neto, who was appointed by Jair Bolsonaro, President Lula da Silva’s predecessor, ends in December

    Inflation in Brazil measured by the IPCA was 0,21% in June, which is positive. Still, the twelve month figure was 4,23% against 3,93% in May according to the Brazilian Institute of Geography and Stats, IBGE.

  • Tuesday, July 16th 2024 - 20:19 UTC

    Argentina's economic fall worse than expected, IMF foresees

    The IMF tied an overall setback in Latin America and the Caribbean to Argentina's performance

    According to the latest issue of the International Monetary Fund's World Economic Outlook (WEO) report, Argentina's Gross Domestic Product (GDP) is expected to fall 3.5% in 2024, which represented a setback from the 2.8% predicted back in April. Regarding next year, the IMF kept the 5% growth projection unchanged.

  • Monday, July 15th 2024 - 10:33 UTC

    Argentine President warns of hard times ahead

    Milei announced a new intervention in the currency exchange market to bring down the “blue” dollar by making pesos even scarcer

    Argentine President Javier Milei downplayed this weekend from Sun Valley, Idaho, the importance of the “blue” (a euphemism for “black market”) dollar going up in his country. However, he warned of “difficult” weeks to come as his Government starts a new zero-money-issuing phase, which he dubbed “a new upgrade of the monetary policy.”