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MercoPress, en Español

Montevideo, November 22nd 2024 - 05:43 UTC

Economy

  • Thursday, May 30th 2024 - 14:00 UTC

    Milei highlights the benefits of capitalism at Stanford University

    Condoleeza Rice asked Milei to return soon

    During his appearance at the Hoover Institution on Stanford University's campus, Argentine President Javier Milei praised Economy Minister Luis 'Toto' Caputo's adjustment measures and addressed other issues regarding capitalism and monopoly regulations.

  • Tuesday, May 28th 2024 - 10:37 UTC

    Paraguayan exports on the rise but not for all products

    However, there were significant reductions in exports of corn, beans, soybeans, and electricity

    Paraguayan authorities reported Monday in Asunción that the South American country's global trade had recorded a 6.8% interannual increase in the first four months of 2024. Also showing significant progress was the e-commerce sector.

  • Monday, May 27th 2024 - 20:17 UTC

    Buenos Aires Rural Fair lures three presidents together

    Lacalle Pou, Milei, and Peña will be attending the Summer Olympic Games in Paris the week before

    Conservative Presidents Luis Lacalle Pou of Uruguay and Santiago Peña of Paraguay are to join their hosting colleague Javier Milei on July 28 in Buenos Aires for the annual International Livestock, Agriculture, and Industry Exhibition, also known as the Rural Fair, it was announced.

  • Monday, May 27th 2024 - 06:30 UTC

    UK economy challenges following the general election, Fiscal Studies think tank

    Paul Johnson, IFS director said: “Money is tight. We could get miraculously lucky with growth and escape having to make these tough choices. But we might not.”

    A leading UK think tank, The Institute for Fiscal Studies, (IFS), has issued a stark warning about the financial challenges awaiting the next government, whatever party wins the July General Election. In a long report, it warns more tax rises or cuts to public services can be expected, and calls for an “open and robust” discussion about how all the parties will tackle these.

  • Saturday, May 25th 2024 - 10:57 UTC

    Brazil's growing concern with Argentine recession as exports and a trade surplus turn negative

    According to Brazil's Foreign Trade Association, exports to Argentina have 29,9% in the first four months of the year

    Brazil is deeply concerned with the declining trade export volumes to Argentina, which while last year expanded 8,9% in the first four months of 2024 have fallen 29,9%, and experts wonder if the Mercosur partner finally recovers from its current recession, will it continue on trusting a bilateral relation or appeal to China, US, or Europe.

  • Saturday, May 25th 2024 - 10:45 UTC

    Brazil and US agree to boost trade and investments to celebrate 200 years of diplomatic relations

    The Brazilian ministry of foreign trade, industry and commerce signed the agreement with the American Chamber of Commerce in Sao Paulo

    Brazil and the United States will mark 200 years of diplomatic relations on Sunday, May 26. On this date in 1824 United States recognized Brazil’s independence, signaling the beginning of extensive political, economic, and cultural ties.

  • Friday, May 24th 2024 - 21:21 UTC

    Chile's Central Bank lowers monetary policy interest rates

    The latest measures will take time to impact Chile's economy since mortgages will remain under previous, higher rates

    Chile's Central Bank decided to lower the monetary policy interest rate (TPM) from 6.5 to 6% and forecast additional cutbacks in the coming months. “Inflation has continued to decline, although at a moderate pace due to the high persistence of the services components,” the Central Bank's Board argued in its unanimous rationale given the annual price index 3.5% variation amid a downward trend.

  • Wednesday, May 22nd 2024 - 20:21 UTC

    Brazilian airlines announce services to Air Force Base in Porto Alegre

    In no case will passenger transactions be handled at the Air Force's Canoas Base but at a facility 3 kilometers away

    After it was confirmed that there is no date for the reopening of the Salgado Filho International Airport in Porto Alegre, still partially under water due to the unprecedented heavy rains that have hit the State of Rio Grande do Sul since April 29, local airlines have announced the start of services to the nearby Canoas Air Force Base, Agencia Brasil reported.

  • Wednesday, May 22nd 2024 - 19:45 UTC

    Milei gets ready for rock concert as “blue” dollar gets back on a surging path

    There is a 41% gap between the official and the black market quotations of the US dollar

    The “blue” version (a euphemism for “black market”) of the US dollar against the Argentine peso was still going up Wednesday as President Javier Milei was planning to make his first appearance as the leader of a rock band at Buenos Aires' iconic Luna Park stadium. According to local media, one US dollar was quoted at AR$ 1,235 / 1,255 (buy sell at Buenos Aires' “caves” (unofficial money exchange parlors), which represented an AR$ 25 increase from the previous day for a 41% gap with the official rate.

  • Wednesday, May 22nd 2024 - 10:55 UTC

    Argentine province of Misiones on the brink of collapse over inflation-dwindled wages

    If salaries are not increased to match the country's inflation, Misiones is bound for “a social explosion,” Amarilla warned

    The Northeastern Argentine province of Misiones has been virtually paralyzed for five consecutive days as workers from various walks of life are on strike in demand of inflation-matching wage hikes.