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MercoPress, en Español

Montevideo, November 22nd 2024 - 06:03 UTC

Economy

  • Wednesday, June 5th 2024 - 09:54 UTC

    Fitch keeps Uruguay's rating unchanged and stable

    In Uruguay there is “a basic political consensus around the continuity of state policies,” Fitch underlined

    The international credit rating agency Fitch announced Tuesday that it was keeping Uruguay's BBB grade unchanged and with a stable outlook given the South American country's “relatively high” GDP, strong governance indexes, and sound external finances.

  • Wednesday, June 5th 2024 - 09:45 UTC

    Brazil's economy back on progress' track

    According to the IMF, Brazil will soon become the 8th economy in the world, Lula announced on X

    According to a report from Brazil's Institute of Geography and Statistics (IBGE) released Tuesday, the Gross Domestic Product (GDP) of South America's largest country grew 0.8% in the first quarter of 2024 compared to the last three months of 2023 and 2.5% interannually after a 0.1% contraction in the fourth quarter of last year.

  • Tuesday, June 4th 2024 - 09:36 UTC

    Poverty on the rise in Argentina, study finds

    According to the study, 32.5% of people with a regular job live “in households in poverty.”

    According to a study published Monday by the Observatory of the Argentine Social Debt (ODSA for its acronym in Spanish), poverty rose to 55.5% of the population, affecting nearly 25 million people in the South American country in the first quarter of 2024. At the same time, indigence (a situation even below poverty) reached 17.5% with a food insecurity scope of 24.7% of the population.

  • Tuesday, June 4th 2024 - 08:58 UTC

    Uruguay to prioritize Mercosur's ties with China

    Paganini also ruled out any problems between Mercosur and China despite Milei's attitude

    Uruguay's Foreign Ministry Omar Paganini anticipated that revitalizing dialogue with China will be a main priority once his country takes over the pro-tempore presidency of the South American Common Market (Mercosur) on July 8.

  • Monday, June 3rd 2024 - 13:13 UTC

    Chinese economy rebounding coincide Stats Office and IMF; Beijing pumping a US$ 138bn support

    The upgrade reflects a first quarter GDP growth stronger than expected, and some additional policy measures recently announced,” Deputy Managing Director Gita Gopinath said

    The Chinese economy rebounding, seems to be the message both from the country's National Bureau of Statistics, NBS, and even the IMF with a more optimistic outlook. According to NBS industrial profits during April were again in positive territory and so are other important economic indicators, which showed a moderate improvement from March, highlighting a sustained recovery of the world's second-largest economy.

  • Sunday, June 2nd 2024 - 10:04 UTC

    Banknote featuring King Charles III will be issued 5 June, Bank of England

    There is no need to exchange current banknotes for the new King Charles III notes. BoE has temporary facilities for people to obtain a limited value of the banknotes

    Banknotes featuring a portrait of King Charles III will be issued from 5 June 2024. The portrait of the King will appear on existing designs of all four banknotes (£5, £10, £20, and £50), with no other changes to the existing designs. This means you can check these notes in the same way you can check the polymer banknotes featuring Queen Elizabeth, announced the Bank of England.

  • Saturday, June 1st 2024 - 09:55 UTC

    Argentina to begin corn exports to China next July

    Argentina and China had over a decade ago tried to open up the trade of Argentine corn, most of it GMO, and Beijing was reluctant, and now allegedly has accepted.

    At times the world's third supplier of corn, (behind Brazil and the US), Argentina expects to begin sending corn shipments to China as of next July, the head of the grains' exporter chamber, Gustavo Idigoras revealed. The Argentine government had anticipated that it was targeting corn exports to China, once pending import licenses had been awarded.

  • Saturday, June 1st 2024 - 09:38 UTC

    Chinese mega port in Peru expected to become operational in first quarter of 2025

    “The plan is to inaugurate in November and begin receiving vessels between January, February March next year. Construction has not halted at any point” said Alonso Guinand

    Chinese investors who have poured millions of dollars into the Chancay mega-port on the coast of Peru, along the Pacific basin and which hopefully in the near future will have land connections to Latin America's largest economy,

  • Friday, May 31st 2024 - 19:00 UTC

    Milei rounds up Californian tour

    In his meeting with Zuckerberg (L), Milei underlined Argentina's lack of regulations regarding technological developments which could favor companies such as Meta

    Argentine President Javier Milei rounded up his Californian trip after a meeting with Facebook founder Mark Zuckerberg and was headed for El Salvador for Nayib Bukele's new inauguration aboard the ARG-01 Boeing 757.

  • Thursday, May 30th 2024 - 19:48 UTC

    Study underlines Argentina's low minimum wage

    An increase in the number of “households living in poverty” is to be expected, the UNDAV said

    A study from Argentina's Universidad Nacional de Avellaneda (UNDAV) on the southern outskirts of Buenos Aires showed this week that under the Libertarian administration of President Javier Milei the South American country boasted one of the lowest minimum wages in the region for people to live in one of the most expensive nations worldwide.