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MercoPress, en Español

Montevideo, November 26th 2024 - 02:45 UTC

Economy

  • Saturday, April 2nd 2022 - 09:55 UTC

    Argentina focused on ties with US

    “We worked to continue strengthening the development of economic cooperation opportunities between our nations,” Minister Guzmán said

    Argentina's Economy Minister Martín Guzmán met Friday with US Ambassador Marc Stanley at the Treasury Palace in Buenos Aires to discuss the bilateral agenda regarding cooperation between the two countries.

  • Saturday, April 2nd 2022 - 09:50 UTC

    Uruguayan exports grow 28% in March of 2022

    In March 2021 Uruguay sold US$ 18.4 million worth of livestock to China. That figure dropped to zero in March 2022

    Uruguay's exports rose 28% in March of 2022 when compared to the same month last year, according to the Uruguay XXI report released Friday in Montevideo, which took into account figures from duty-free trade zones. Beef was once again the star product.

  • Saturday, April 2nd 2022 - 09:45 UTC

    IMF chief warns on consequences of the Russia/Ukraine conflict for poorer countries

    “When prices jump, and poor people cannot feed their families, they will be on the streets,” Georgieva said

    IMF chief Kristalina Georgieva fears that the current situation with the Russia/Ukraine conflict could lead to an explosive situation in many of the poor countries with inflated prices, less jobs and overwhelming debts and called for greater global cooperation.

  • Friday, April 1st 2022 - 22:16 UTC

    Brazil's Central Bank workers go on indefinite strike

    BCB's Campos Neto is in Miami since Thursday

    Employees of Brazil’s Central Bank (BCB) Friday went on strike to demand better wages. The workers have announced that their measure will continue until an answer has been achieved. The new circumstances affect local payments and other services, it was reported.

  • Thursday, March 31st 2022 - 20:46 UTC

    Argentina's Domestic Trade Secretary “can't perform miracles”

    Under Néstor and Cristina Kirchner (2003-2015), export taxes were “higher when international prices were lower and nobody lost money,” Feletti argued

    Argentina's Domestic Trade Secretary Roberto Feletti Thursday admitted that the inflation figures for the month of March “will be bad” following the impact of the war between Russia and Ukraine on the local economy.

  • Thursday, March 31st 2022 - 10:25 UTC

    Uruguayan gov't announces new increase in price of fuel

    The adjustment was below Ursea's recommendations, Lacalle explained

    Uruguayan authorities Wednesday announced the price of fuel at pumps will go up as of Friday, April 1. President Luis Lacalle Pou confirmed that gasoline will go up UR$ 3 (US$ 0.07), from UR$ 74.88 (US$ 1.81) to UR$ 77.88 (US$ 1.88) and UR$ 5 (US$ 0.12) for diesel, from UR$ 53.99 (US$ 1.3) to UR$ 58.99 (US$ 1.49).

  • Thursday, March 31st 2022 - 10:08 UTC

    Uruguayan Economy Minister “the best in the world”

    Azucena Arbeleche received her distinction during the WGSO's annual meeting in Dubai

    Uruguay's Minister of Economy and Finance Azucena Arbeleche has been singled out by the World Government Summit Organization (WGSO) for her “excellence in her performance in the public sector and leadership at the international level,” due to which she was recognized as the “best minister of state” in the world.

  • Wednesday, March 30th 2022 - 09:51 UTC

    Uruguayan exporters concerned over waning currency exchange

    President Lacalle Pou ruled out price controls

    The Uruguayan Exporters Union (UEU) Tuesday expressed its concern through a statement in light of a waning exchange rate between the local peso and the US dollar, which has reached its nadir for the past two years, thus adding to the “uncertainty” and “volatility in international markets.”

  • Tuesday, March 29th 2022 - 23:22 UTC

    IDB: Ukraine war should open windows for Brazil, Argentine and LatAm

    The key is to solve Brazil's dependence on Russian fertilizers, Claver-Carone stressed

    The Inter-American Development Bank (IDB) said Monday that Russia's invasion of Ukraine and the threat it poses to food security may be an opportunity for large Latin American exporters, such as Argentina and Brazil due to the disruption in the global supply chains.

  • Tuesday, March 29th 2022 - 22:06 UTC

    Brazilian Labor Ministry announces employment on the rise in February

    But companies will not continue hiring at last year's pace forever,” Dalcolmo said.

    Brazilian authorities Tuesday announced a surplus of 328,507 formal jobs during February of 2022, which was the second-best result for the month since 2010, according to the General Cadastre for Employed and Unemployed (Caged) released by the Ministry of Labor and Social Security.