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MercoPress, en Español

Montevideo, April 5th 2025 - 12:55 UTC

Economy

  • Thursday, November 21st 2024 - 19:38 UTC

    French supermarket chain to halt sales of Mercosur meat to boycott FTA

    Mercosur meat might “flood the French market with meat that does not meet its requirements and standards,” Carrefour's CEO feared

    Carrefour CEO Alexandre Bompard announced this week that his company would not be selling meat imported from the Southern Common Market (Mercosur) in a move to prevent the Free Trade Agreement (FTA) with the European Union from pulling through. France's largest supermarket planned on suspending meat imports from Argentina, Bolivia, Brazil, Paraguay, and Uruguay “in solidarity with the agricultural sector.”

  • Thursday, November 21st 2024 - 09:44 UTC

    Argentina gets IDB and WB loans

    These announcements are linked to Economy Minister Luis Toto Caputo's participation last month in Washington at the WB annual meeting, it was reported

    Argentina's Libertarian Government has been granted loans from the World Bank (WB) and the Inter-American Development Bank (IDB) worth around US$ 4 billion, the Economy Ministry in Buenos Aires announced Wednesday. “The IDB and the World Bank approve financing for more than 4 billion dollars for projects in our country,” the ministry said in a statement.

  • Thursday, November 21st 2024 - 09:27 UTC

    Guyana oil output breaking all oil exploration and production records

    Since January 2024, oil companies offshore Guyana are pumping over 600,000 barrels per day, with developments, completed at a scorching pace

    The impoverished South American country of Guyana is emerging as a major international oil producer and exporter. The former British colony is expected to become not only South America’s top oil producer but a key driver of world petroleum supply growth. The country has also become one of the fastest growing economies in the region, according to the World Bank and the Inter-American Development Bank

  • Wednesday, November 20th 2024 - 09:44 UTC

    Milei meets with IMF Manager in Rio

    Milei hopes his ties with Donald Trump will lead Georgieva's agency to authorize a US$ 10 billion disbursement

    Argentine President Javier Milei met Tuesday in Rio de Janeiro on the sidelines of the G20 Summit with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to negotiate a new disbursement from the credit agency to boost the South American country's coffers. Also participating in the meeting were Ministers Gerardo Werthein (Foreign Affairs) and Luis Toto Caputo (Economy), among other officials

  • Tuesday, November 19th 2024 - 11:52 UTC

    Argentina clinches deal to sell Vaca Muerta gas to Brazil

    Caputo (L) and Silveira met on the sidelines of the G20 Summit in Rio

    Argentina's Economy Minister Luis Toto Caputo and his Brazilian Energy Counterpart Alexandre Silveira signed Monday on the sidelines of the G20 Summit in Rio de Janeiro an agreement whereby gas from Vaca Muerta will be pumped starting next year, reaching 30 million cubic meters per day as from 2030, which is the same volume that South America's largest country used to buy from Bolivia.

  • Tuesday, November 19th 2024 - 10:55 UTC

    Rio G20 Declaration signed – Argentina adheres only partially

    The document also enshrines Brazil's achievements while holding the G20 rotating presidency under Luiz Inácio Lula da Silva this year

    G20 Leaders Monday signed at the Brazilian city of Rio de Janeiro a joint 85-item declaration in which they addressed the world's current challenges. However, Argentine President Javier Milei announced he would not be endorsing the so-called 2030 Agenda goals.

  • Tuesday, November 19th 2024 - 09:19 UTC

    Brazil increasingly dependent on oil exports and energy production

    “We have reached the milestone of crude oil becoming Brazil’s top export, surpassing soybean meal, agribusiness, mining, and iron exports, said CEO Chambriand

    Crude oil has become Brazil’s main export product surpassing agribusiness and mining, according to the country’s hydrocarbons company Petrobras CEO Magda Chambriard. Brazil is not also becoming highly dependent on oil exports but also in energy generation.

  • Monday, November 18th 2024 - 08:30 UTC

    La Niña threatens this year's soybean crop in Paraguay

    Some rain has fallen but still below average so the deficit remains

    Paraguayan soybean producers warned this weekend that the La Niña weather phenomenon may affect this year's crop while the 2023/24 harvest is expected to reach a record in tons produced and exported, it was reported in Asunción.

  • Saturday, November 16th 2024 - 11:13 UTC

    Argentine looses noose on occasional imports

    Argentina ranked third among the most closed countries in the world, Adorni insisted

    The Libertarian Government of President Javier Milei Friday announced that Argentines wishing to import items for personal consumption will have a higher tariff-free cap of up to US$ 400, with only the value-added tax remaining applicable. In addition, purchases abroad for subsequent occasional exports will be spared any customs fee when up to US$ 3,000, from the current US$ 1,000. The initiative becomes effective next month, it was explained in Buenos Aires.

  • Saturday, November 16th 2024 - 11:07 UTC

    British ambassador presents diplomatic credentials to Uruguayan president

    Ambassador Green with president Lacalle Pou

    The new British ambassador in Uruguay, Malcolm Green presented his diplomatic credentials to the Uruguayan president Luis Lacalle Pou on Thursday 14 November, completing the formalities of his post.