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MercoPress, en Español

Montevideo, November 23rd 2024 - 02:28 UTC

Economy

  • Thursday, February 29th 2024 - 11:12 UTC

    Argentina's Economy Minister meets with Georgieva in Brazil

    Georgieva insisted that an eye must be kept on the most vulnerable insisted that an eye must be kept on the most vulnerable

    Argentina's Luis 'Toto' Caputo and International Monetary Fund (IMF) Managing Director Kristalina Georgieva met Wednesday in Sao Paulo on the sides of the two-day G20 summit of Economy Ministers. The gathering took place less than a week after the visit to Buenos Aires of the IMF Managing Director Gita Gopinath, with whom Caputo and President Javier Milei discussed a new agreement on the South American country's debt.

  • Wednesday, February 28th 2024 - 17:29 UTC

    Brazil promotes manufactured exports with BNDES incentives

    From this week, the reduced spread will be capped at R$150 million per operation, with an additional budget infusion of R$2 billion earmarked for this modality.

    Brazil's Development Bank, BNDES, with a larger annual turnover than the World Bank is propping the country's manufacturing exports with new incentives tailored to support companies engaged in global trade. Under the new conditions the bank is implementing a substantial reduction of up to 60% in the spread of operations within the BNDES Exim Pre-shipment line.

  • Wednesday, February 28th 2024 - 10:35 UTC

    Argentina Leading steel producer to cut output due to crisis

    “We stop production to adjust the level of stock to the lower current and projected sales,” an Acindar executive explained

    Argentine steel producer Acindar will stop output at its four plants in the country between March 18 and April 15 as a result of the country's recession which led to a drop in sales of around 40%, it was announced Tuesday.

  • Tuesday, February 27th 2024 - 10:50 UTC

    Caribbean countries: a big player in many crucial areas, IDB says

    The region’s experience, expertise, resilience, and leading role in climate preparedness is an example for the world,” Goldfajn said

    The Inter-American Development Bank (IDB) Group concluded after its XII Annual Consultation meeting with Governors of IDB Caribbean members on Feb. 23 and 24 in Georgetown that the Caribbean might be small in size but is nonetheless a “big player” in many crucial areas, it was reported from the Guyanese capital.

  • Monday, February 26th 2024 - 11:15 UTC

    UK businesses begin to feel the squeeze of the Red Sea conflict

    More than a third of firms admitted higher shipping costs and delays, and more than half among exporters, which BCC said could lead to higher prices in UK

    British firms are facing higher shipping costs and delays of up to four weeks due to Houthi attacks in the Red Sea, according to a survey from the British Chamber of Commerce (BCC). More than a third of firms admitted the situation, but the figure rose to more than half among exporters responding to the survey, which the BCC said could lead to higher prices in the UK economy overall.

  • Saturday, February 24th 2024 - 10:24 UTC

    Argentina: Chubut Governor threatens to cut oil supply if federal funds are withheld

    “We will use all the tools we have to defend ourselves,” Torres warned

    Chubut Governor Ignacio Torres Friday warned Argentine President Javier Milei that his province would stop exporting oil if the federal administration insisted on “improperly withholding half of the [so-called] co-participation” funding. “If on Tuesday there is no resolution from the courts, we will not export even one more barrel of oil,” threatened Torres, whose stance was endorsed by several fellow governors and also by Buenos Aires Mayor Jorge Macri.

  • Friday, February 23rd 2024 - 10:19 UTC

    Milei and IMF envoy discuss additional help for Argentina

    Milei said after his gathering with Gopinath that a new agreement with the IMF was to be expected

    President Javier Milei and International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath Thursday discussed Argentina's course of action under the Libertarian's leadership during a meeting at Casa Rosada, it was reported from Buenos Aires. Gopinath said she had an “excellent and substantive meeting with President Milei on the best way to move the country forward.” Also Thursday, she got together with Cabinet Chief Nicolás Posse and Interior Minister Guillermo Francos.

  • Wednesday, February 21st 2024 - 16:12 UTC

    French FM stops by in Buenos Aires ahead of Rio summit

    Séjourné and Mondino are both attending the G20 convention in Rio

    Argentine President Javier Milei met in Buenos Aires Tuesday with France's Foreign Minister Stéphane Séjourné to strengthen bilateral ties and trade between the two countries.

  • Wednesday, February 21st 2024 - 10:45 UTC

    Cameron underlines Mercosur's potential for UK after Brexit

    Cameron said it was an honor for him to be the first UK Foreign Secretary ever to visit Paraguay

    Paraguayan President Santiago Peña and British Foreign Secretary Davis Cameron met Tuesday in Asunción to discuss bilateral issues and also to explore the South American Market's (Mercosur) potential. Peña currently holds the pro tempore presidency of Mercosur.

  • Wednesday, February 21st 2024 - 10:45 UTC

    IMF's Gopinath to hold key meetings in Buenos Aires

    Gopinath is to meet Milei, other government officials, and private businessmen for a first-hand glimpse of the country's situation

    International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath is due in Buenos Aires this week for meetings with President Javier Milei, Cabinet Chief Nicolás Posse, and Economy Minister Luis 'Toto' Caputo.