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MercoPress, en Español

Montevideo, April 6th 2025 - 02:13 UTC

Economy

  • Monday, October 14th 2024 - 10:13 UTC

    IDB announces loans for Argentina

    A lasting transformation would hinge on the private sector creating jobs, Goldfajn explained

    Argentina's administration of President Javier Milei will be receiving loans worth US$ 3.8 billion from the Inter-American Development Bank (IDB), it was reported during the weekend. These funds will be allocated to various projects, energy subsidies, and social plans, it was explained.

  • Monday, October 14th 2024 - 08:15 UTC

    Argentina's BCRA launching collector's AR$ 25 coins

    The BCRA issued 2,500 pieces of this new commemorative coin, minted in 925 silver, with a face value of AR$ 25

    Argentina's Central Bank (BCRA) announced a new AR$25 coin as a part of a joint venture with Spain, Portugal, and other countries in the region to highlight each nation's cultural diversity.

  • Saturday, October 12th 2024 - 10:16 UTC

    IMF goes easier on heavily indebted countries such as Argentina

    “I'm pleased to announce that the Executive Board has reached a consensus on a reform of IMF charges and surcharges,” Georgieva stressed

    The International Monetary Fund (IMF) announced Friday a series of cuts on overcharges to countries heavily in debt, which, albeit moderate, could benefit Argentina among other nations. Such an initiative had been resisted in the past by Washington and other G7 nations but things have changed considerably at a global level.

  • Friday, October 11th 2024 - 10:19 UTC

    Hurricane Milton leaves at least 12 dead in Florida

    “It's going to take several billion dollars” to build back from Milton, Biden said

    At least 12 people have been confirmed dead Thursday in the U.S. state of Florida, where Hurricane Milton made landfall as a Category 3 storm with maximum sustained winds of 115 mph from the Gulf of Mexico into the Atlantic Ocean, leaving millions without power and causing severe damage. According to PowerOutage.us, 2.63 million homes were still without power in Florida Thursday night.

  • Friday, October 11th 2024 - 09:30 UTC

    Argentine inflation stands at 3.5% in September

    Thursday's figures represented a slowdown from August's 4.2%, the Indec said

    Argentina's National Institute of Statistics and Census (Indec) announced Thursday that September's Consumer Price Index (CPI)stood at 3.5% for a yoy total of 209%. So far in 2024, inflation reached 101.6%, with housing, utilities, and fuels accounting for the largest increases. Thursday's figures represented a slowdown from August's 4.2%. The Core CPI, which records inflation excluding seasonal and regulated prices, stood at 3.3%.

  • Thursday, October 10th 2024 - 10:03 UTC

    Italian Deputy PM pledges to help pull through EU-Mercosur FTA

    “Italy and Brazil will cooperate in every way because it is in the interest of our people,” Tajani said

    Italy's Deputy Prime Minister and top diplomat Antonio Tajani told a group of Brazilian businesspeople in Sao Paulo Wednesday that his country was facing “a great opportunity” to strengthen its economic and commercial presence in Latin America, particularly through the EU-Mercosur free trade agreement that is still pending ratification.

  • Wednesday, October 9th 2024 - 08:32 UTC

    Brazilian Senate gives nod to future BCB CEO

    Galípolo is Lula's choice to replace Roberto Campos Neto, who stems from the Jair Bolsonaro administration

    Brazil's Federal Senate Tuesday greenlighted by 66 votes to 5 the appointment of Gabriel Galípolo as the next Central Bank (BCB) CEO to succeed Roberto Campos Neto, who stems from former President Jair Bolsonaro's administration and whose term ends Dec. 31.

  • Monday, October 7th 2024 - 09:19 UTC

    Container freight from Asia/South America West coast to rise in November

    This increase of US$2,000 will apply to all shipments using 20-foot and 40-foot dry containers, including high cube containers and 40-foot non-operative reefers.

    German container line Hapag-Lloyd as of next November first will begin applying a General Rate Increase, GRI, on shipments from Asia to the West Coast of South America, Mexico, Central America, and the Caribbean.

  • Saturday, October 5th 2024 - 10:54 UTC

    China-funded port in Peru poses threat to Chilean foreign trade operations

    Chancay is scheduled to open in November

    A China-sponsored mega-port north of Lima is expected to revolutionize trade between Asia and South America. It would also jeopardize the future of seashore facilities in northern Chile which might lose some of their traffic share once the Chancay Megaport is opened. Works are 93% completed and are due to be finished in November.

  • Thursday, October 3rd 2024 - 10:07 UTC

    Paraguay's Central Bank reports 0.2% inflation in September

    Price contractions in various agriculture items helped buffer the overall impact on consumers

    According to a report from Paraguay's Central Bank (BCP) released Wednesday in Asunción, the South American country's inflation in September stood at 0.2% for a cumulative 2.9% so far this year, which represented a yoy setback from the 2.5% in the same period of 2023.