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MercoPress, en Español

Montevideo, November 23rd 2024 - 05:40 UTC

Economy

  • Thursday, January 18th 2024 - 10:47 UTC

    Javier Milei warns WEF that Western civilization “is in danger”

    “Capitalism is the only tool we have to end hunger and poverty on the planet,” Milei argued

    Argentine President Javier Milei Wednesday warned global leaders at the World Economic Forum in Davos, Switzerland, that the Western civilization was in peril as it was plunging into socialism and neomarxism. His remarks drew mixed reactions: While his Libertarian followers were elated to hear him say that there, others could simply not believe their ears, some of them through an interpreter because Milei spoke in Spanish.

  • Thursday, January 18th 2024 - 10:34 UTC

    Argentine province to have its own currency

    “The [federal] Government forces us to do this because of the cruelty of the adjustment,” Quintela said

    The Argentine province of La Rioja's legislature Wednesday approved the issuance of a quasi-monetary unit to pay the public workers' salaries as budgetary restrictions from the federal government begin to be felt.

  • Thursday, January 18th 2024 - 10:13 UTC

    Sierra Leone Ministerial Delegation expected this week in the Falklands

    Members of the Sierra Leone delegation headed by Minister Dugba which will address fisheries and cooperation issues

    The Falkland Islands Legislative Assembly is pleased to announce the upcoming visit of a delegation from the Sierra Leone Ministry of Fisheries and Marine Resources from the 18th to 23rd of January. Led by Mrs. Princess Dugba, the current Minister of Fisheries and Marine Resources, the delegation aims to explore potential avenues for collaboration and cooperation between Sierra Leone and the Falkland Islands in various critical areas of fisheries management and marine resources.

  • Wednesday, January 17th 2024 - 10:59 UTC

    Brazil imports fewer inputs; industrial crisis expected

    A drop in key imports is not a good sign, according to Murillo Barbosa

    According to a report published Tuesday by Folha in Sao Paulo, a trade imbalance at private ports would reflect dramatic conditions for the local industry. A deficit in the arrival of key inputs will sooner or later result in fewer products manufactured and the vicious cycle would then mean increasingly dwindling export revenues.

  • Wednesday, January 17th 2024 - 10:49 UTC

    Paraguay with positive trade balance and good news from Israel

    Israeli health authorities have authorized the shipment of bone-in beef from Paraguay, which is considered a historic event for the country and the sanitary conditions of its national herd.

    Land locked and Mercosur member Paraguay exports reached US$ 17,3 billion in 2023, according to the country's Central Bank International Trade Report. This represents a 24,8% increase in US dollars over a similar period a year before. The success is attributed to larger shipments of soybeans, rice and soy flour.

  • Monday, January 15th 2024 - 10:55 UTC

    Milei off to Davos, has meeting arranged with IMF's Georgieva

    Milei is expected to discuss with Georgieva the verbal agreement reached last week between Argentina and the IMF

    Argentine President Javier Milei is departing Monday to Davos, Switzerland, on regular airline flights with stopovers in Frankfurt and Zurich to participate in the World Economic Forum (WEF). According to Casa Rosada sources quoted by local media in Buenos Aires, he is also to have a one-on-one meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva.

  • Monday, January 15th 2024 - 10:10 UTC

    Where will the Global Economy land in 2024?

    Without structural reforms (which do not appear forthcoming), its growth potential will be below 4% in the next three years, falling closer to 3% by 2030.

    By Nouriel Roubini (*)

    Heading into 2024, most economists and market analysts have adopted a baseline scenario in which most major economies avoid both a recession and renewed inflation – the much-desired “soft landing.” But the current encouraging consensus could still be derailed by any number of factors, not least geopolitics.

  • Saturday, January 13th 2024 - 11:20 UTC

    Argentina to issue larger-denomination banknotes

    Alberdi's liberal views also make him a mirror for President Javier Milei

    Argentina's Central Bank (BCRA) announced this week that would start printing AR$10,000 and AR$20,000 bills (a little under US$ 10 and 20 respectively) to meet the demand for higher-denomination banknotes, it was reported in Buenos Aires. “The issuance of these denominations will facilitate transactions among users,” the BCRA argued in a statement.

  • Friday, January 12th 2024 - 13:33 UTC

    FMI hopes Milei's plan gets enough political support

    President Javier Milei's administration “is already implementing an ambitious stabilization plan,” Kozack also noted

    International Monetary Fund (IMF) Spokeswoman Julie Kozack Thursday said the global credit agency hoped Argentina's latest measures would have the political support they needed, particularly the adjustments included in the so-called Omnibus Law bill currently in Congress.

  • Friday, January 12th 2024 - 11:11 UTC

    Argentina: Patagonian League relaunched to protect local interests from national gov't

    The Patagonian Governors seek to have a say on issues that have a direct impact on regional economies

    Despite stemming from different political forces, the governors of Argentina's Patagonian provinces Thursday issued a joint statement condemning President Javier Milei's bold approach to the country's economic crisis, particularly his most-encompassing emergency decree (DNU) and the so-called Omnibus Law bill currently in Congress.