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MercoPress, en Español

Montevideo, November 22nd 2024 - 01:14 UTC

Economy

  • Monday, July 8th 2024 - 14:07 UTC

    Brazil breaks animal protein export record in first half of 2024

    The top importers of Brazilian beef were: China with 565,654 tons worth US$2.5 billion and United Arab Emirates with 95,000 tons, amounting to US$435 million.

    Brazil establishes new beef export record in the first half of this year, having shipped 1,29 million tons of animal protein, which represents a 27% over the same period in 2023, with 1.019 million tons. Revenues was up 17%, to US$ 5,69 billion.

  • Saturday, July 6th 2024 - 10:25 UTC

    Argentines fairing worse off under Milei, study finds

    Having a job does not mean getting out of poverty in Argentina

    Studies published this week corroborate that Argentines are fairing worse off under President Javier Milei, with people sinking into poverty despite having formal jobs which showed in a dwindling consumption of red meat, among other items, in a country that used to top the world's lists.

  • Friday, July 5th 2024 - 19:16 UTC

    Lula visit announced to Mercosur's newest full member Bolivia

    “There are many issues that we have to take forward,” Alcón explained

    Bolivia's Deputy Communications Minister Gabriela Alcón announced Friday that Brazilian President Luiz Inácio Lula da Silva would be arriving in Santa Cruz de la Sierra next Monday for meetings with local authorities and businessmen. It will be the first visit of a foreign head of state since Bolivia's full Southern Common Market membership President Luis Arce Catacora signed into law this week.

  • Friday, July 5th 2024 - 10:33 UTC

    Milei creates Ministry of Deregulation and Transformation of the State

    Presidential Advisor Sturzenegger has been chosen for the new position

    The Government of Argentina announced Thursday the creation of a Ministry of Deregulation and Transformation of the State to be headed by Economist and former Central Bank (BCRA) President Federico Sturzenegger, who will be sworn in Friday.

  • Wednesday, July 3rd 2024 - 22:58 UTC

    Falklands, Treasury drop-in sessions on withdrawing 1p and 2p coins

    Falklands, Treasury drop-in sessions on withdrawing 1p and 2p coins

    The Falkland Islands Treasury is holding information drop-in sessions on the withdrawal of one penny and two pennies coins and the recommended system of rounding.

  • Wednesday, July 3rd 2024 - 21:23 UTC

    Argentine province has its own money... again

    Large-denomination Chachos might come in more handy for hefty transactions

    The Argentine province of La Rioja finally made do with its promise to issue a pseudo-currency of its own to meet debts within its territory. Officially named Debt Cancellation Bonds (Bocade), La Rioja's money is better known as “Chacho” whereby “1 Chacho = 1 Argentine peso.”

  • Tuesday, July 2nd 2024 - 19:48 UTC

    Hurricane Beryl marks early season beginning

    Beryl caused significant damage in Grenada killing at least three and is expected to hit Mexico and Belize later this week

    After reaching category 5 in the Caribbean, Hurricane Beryl was not feared to reach Colombia's Caribbean shores but would nevertheless significantly affect navigation in the area. Strong winds hit Jamaica late Monday, sweeping away power lines and flooding the streets of other islands such as Grenada, it was also reported.

  • Tuesday, July 2nd 2024 - 10:50 UTC

    All red numbers as Argentina enters “Phase 2” of its economic plan

    Caputo said the peso would become a strong currency, distancing the government from campaign promises announcing a dollarization

    Local and international markets alike did not react well Monday after Argentine Economy Minister Luis 'Toto' Caputo and Central Bank (BCRA) CEO Santiago Bausili tried to explain the Libertarian administration's next steps to stabilize the economy of South America's second-largest country.

  • Monday, July 1st 2024 - 09:35 UTC

    CFK: The Libertarians' zero deficit is a fabrication

    Milei “lives in a world that no longer exists,” CFK argued

    Former Argentine President Cristina Fernández de Kirchner (2007-2015 / CFK) said during an interview on the internet streaming channel Gelatina outside mainstream media that the Liberal administration's “fiscal surplus is increasingly trumped up.”

  • Saturday, June 29th 2024 - 10:18 UTC

    Paraguay and Argentina set roadmap for collaborative work

    Foreign Ministers Ramírez (L) of Paraguay and Mondino of Argentina reviewed bilateral issues on the side of the OAS General Assembly

    Paraguay and Argentina reached an understanding regarding the Paraná-Paraguay River Waterway after Foreign Ministers Rubén Ramírez Lezcano and Diana Mondino gathered in Asunción on the sides of the Organization of American States (OAS) General Assembly.