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MercoPress, en Español

Montevideo, March 22nd 2023 - 03:14 UTC

Economy

  • Wednesday, February 22nd 2023 - 11:00 UTC

    British maker of autoparts closes Argentine business

    TI Fluid Systems will halt production on Feb. 28 and cease all operations by April 30

    A British maker of auto parts is closing its plant in Victoria in the province of Buenos Aires on the northern outskirts of the country's capital due to the “serious economic situation” the South American nation is going through, it was reported. The sector is particularly affected by foreign exchange restrictions which render inputs unattainable.

  • Tuesday, February 21st 2023 - 10:05 UTC

    Argentina ups security measures as number of avian flu cases grows

    Avian flu cannot be transmitted through the consumption of eggs from sick birds, Melón explained

    Argentina's health authorities have decided to up their biosecurity measures following the increase in the number of avian flu cases detected nationwide, particularly in provinces bordering Uruguay, but also in Córdoba and Salta.

  • Saturday, February 18th 2023 - 10:48 UTC

    Argentina's reserves wane as “official” dollar rises

    What will Economy Minister Sergio Massa do after the four-day weekend to reverse the currency leaks?

    In a country where the exchange rate between the local currency and the US dollar varies from one counter to the other and hinges on the type of operation involved beyond the exchange, Argentina's official rate against Friday pierced for the first time the symbolic AR$ 200 / US$ 1 threshold at private banks, closing at AR$ 191.25 (purchase) / AR$ 199.25 (sale) at the Banco Nación.

  • Friday, February 17th 2023 - 08:05 UTC

    Massa holds meeting with Indian Ambassador in Buenos Aires

    Massa and Bhatia discussed next month's meeting of G-20 economy ministers among other issues

    Argentina's Economy Minister Sergio Massa Thursday met with India's Ambassador to Buenos Aires Dinesh Bhatia to discuss the South American country's participation in the G-20 economic meeting and move forward in the use of local currencies for bilateral trade.

  • Thursday, February 16th 2023 - 11:31 UTC

    Bird flu reaches northern Argentina

    Humans are at “no risk of acquiring the disease through consumption” of poultry or eggs, Bahillo explained

    Argentine authorities have declared a state of emergency after the first case of avian influenza was confirmed in wild birds in the northern province of Jujuy bordering Bolivia.

  • Thursday, February 16th 2023 - 10:50 UTC

    First shipment of Paraguayan pork lands in Taiwan

    Taiwanese consumers pay more than other Asian buyers for Paraguayan pork

    Paraguay's President Mario Abdo Benítez headed a delegation from the South American country visiting Taiwan to celebrate the arrival of the first pork shipment to that Asian market. Marking the occasion a ceremony was held in Taipei on Wednesday during which attendees could taste the new product as local businessmen pledged to increase imports shortly.

  • Wednesday, February 15th 2023 - 20:16 UTC

    Biden names two Washington policy veterans as key economic advisors

    “Lael, one of the country's leading macroeconomists, brings an extraordinary depth of domestic and international economic expertise,” Biden said in a statement.

    United States President Joe Biden named two Washington policy veterans as key economic advisers as he faces a Republican-controlled Congress and embarks on a possible re-election run for 2024.

  • Wednesday, February 15th 2023 - 11:27 UTC

    Huge Air India deal with Airbus provides thousands of jobs for UK companies

    The large A350 aircraft are exclusively powered by Rolls-Royce XWB engines, which are assembled and tested in Derby.

    The UK Prime Minister Rishi Sunak and Business and Trade Secretary Kemi Badenoch has welcomed a momentous deal for Airbus and Rolls-Royce to provide new aircraft for Air India, which is worth billions of pounds to the UK.

  • Wednesday, February 15th 2023 - 10:06 UTC

    EU upgrades Uruguay's status regarding tax cooperation

    Biestro pointed out that some changes which came into force in 2023 made this announcement possible

    Uruguay has been recognized as a “cooperating jurisdiction without commitments” by the European Union (EU) after a series of taxation improvements, the South American country's Ministry of Economy and Finance (MEF) confirmed Tuesday.

  • Wednesday, February 15th 2023 - 09:49 UTC

    UK's inflation reached 10,1% in January, National Stats Office

    The largest downward contribution in both the CPIH and CPI annual inflation rates between Dec 2022 and Jan 2023 came from transport, restaurants and hotels

    United Kingdom's twelve-month Consumer Prices Index (CPI) reached 10.1% in January against the 10.5% increase recorded in December while missing estimates of a 10.3% print, the UK Office for National Statistics (ONS) reported on Wednesday. The index keeps moving away from its highest level since January 1981 at 11.1% last year.