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MercoPress, en Español

Montevideo, April 6th 2025 - 22:08 UTC

Economy

  • Monday, September 16th 2024 - 10:01 UTC

    Milei launches “zero deficit” budget bill for 2025

    Milei said he would veto any bill endangering the zero deficit goal

    Argentine President Javier Milei appeared before Congress Sunday to submit the 2025 budget bill foreseeing an exchange rate of AR$ 1,207 against the US dollar and annual inflation reaching 18.3% after a projected Gross Domestic Product (GDP) growth.

  • Friday, September 13th 2024 - 21:39 UTC

    Aerolíneas Argentinas strike leaves 37,000 passengers stranded

    Aerolíneas Argentinas pilots and their families travel on business class for free, causing substantial losses to the company. These privileges need to end, Adorni argued

    Flag carrier Aerolíneas Argentinas had to cancel 319 flights Friday, altering the travel plans of some 37,000 passengers, as a result of a joint strike carried out by the airline industry labor groupings representing either pilots or crewmembers.

  • Friday, September 13th 2024 - 07:23 UTC

    European Central Bank cuts basic interest rate 0.25 percentage points to 3,5%

    Inflation in the Euro zone fell to 2.2% in August from 2.6% in July, after peaking at 10.6% in October 2022.

    While inflation in the Euro zone was down to 2,2% in August, and with sliding tendency, plus a lack of growth reaction from the economy, the European Central Bank, ECB, on Thursday decided to cut interest rates by another 0.25 percentage points to 3,5%.

  • Thursday, September 12th 2024 - 23:07 UTC

    New IMF chief negotiators leave Libertarian gov't reassessing the turf

    Valdés was said to have sided with former Argentine Economy Minister Sergio Massa, thus holding ill feelings towards Milei's administration

    After Thursday's announcement that International Monetary Fund (IMF) Western Hemisphere Director Rodrigo Valdés would no longer be handling the negoatiations between the global credit agency and the Government of Argentina, there were mixed feelings at Casa Rosada Friday. It was first a diplomatic victory for President Javier Milei, who had repeatedly spoken about Valdés' alleged animosity against Buenos Aires.

  • Wednesday, September 11th 2024 - 23:02 UTC

    Argentina: Indec says inflation in August reached 4.2%

    Minister Caputo's projections that the CPI would stand below 4% were not met

    Argentina's Consumer Price Index (CPI) for the month of August went up 4.2%, the National Institute of Statistics and Census (Indec) announced Wednesday. The new figure represented a setback from July's 4% and a 236.7% interannual increase. So far in 2024, inflation reached 94.8%.

  • Tuesday, September 10th 2024 - 10:12 UTC

    Bolivian President explains the reasons behind the current crisis.

    Arce blamed Evo's government (in which he served as Economy Minister) for the crisis facing the current administration

    Bolivian President Luis Arce Catacora explained during a TV appearance that lower oil and gas outputs have led the landlocked country to its current economic plight, resulting in the lack of fuel for domestic consumption and US dollars for foreign trade transactions. In his message on Bolivia TV, Arce also highlighted his Government's plan to reverse the ongoing crisis.

  • Tuesday, September 10th 2024 - 08:12 UTC

    Morgan Stanley, Goldman Sachs, Citi forecast oil price falling in Q4 and 2025

    Weaker Chinese demand, strong US Shale production and end of OPEC+ cuts will force oil barrel price down anticipate investment banks

    Investment bank Morgan Stanley has again cut its forecast price for a barrel of oil, expecting the international benchmark to average US$ 75 a barrel in the last quarter of the year. This is because analysts at Morgan Stanley see rising headwinds on the demand side, which has been their key reason for cutting their Q4 oil price forecast.

  • Saturday, September 7th 2024 - 10:55 UTC

    Paraguay and Argentina reach understanding on Waterway tolls

    A mechanism was also established for the reimbursements of fees paid in excess since February last year, it was explained

    The governments of Paraguay and Argentina have reached an understanding regarding the collection of tolls on the latter's part for the use of the Paraguay-Paraná Waterway, it was announced.

  • Thursday, September 5th 2024 - 10:45 UTC

    Argentina, only country in the region with a contracting economy

    More and more Argentines keep falling daily into poverty or indigence

    Less than a year into the government of Libertarian President Javier Milei, Argentina will be the only country in the region with negative growth in 2024, according to projections by the World Bank, the International Monetary Fund (IMF), ECLAC, and BBVA, which forecast a 3.2% contraction of Gross Domestic Product (GDP) in South America's second-largest economy.

  • Thursday, September 5th 2024 - 09:59 UTC

    Brazilian police and IDB sign cooperation agreement

    Rodrigues highlighted the importance of cooperation among police forces in the Americas

    Brazil's Federal Police Director General Andrei Rodrigues and the Inter-American Development Bank's (IDB) representative in South America's largest country Morgan Doyle Wednesday signed a memorandum of understanding to join forces in the fight against organized crime as well as actions against the environment in the Amazon Basin. The ceremony took place during the XIV Ordinary Ameripol Summit in Foz do Iguaçu, bordering Paraguay and Argentina.