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MercoPress, en Español

Montevideo, November 23rd 2024 - 07:27 UTC

Economy

  • Friday, January 5th 2024 - 10:15 UTC

    Uruguay: Inflation within target for first time in many years

    “The CPI for December 2023 registered a monthly variation of -0.11%,” Uruguay's INE said in its report

    Inflation in Uruguay during the year 2023 amounted to 5.1%, it was reported in Montevideo. The South American country's lowest rate in 18 years was achieved mainly thanks to prices reasonably stable in household goods, transportation, and communications, it was explained by the National Institute of Statistics (INE). The Consumer Price Index (CPI) grew only 4.9% in 2005.

  • Thursday, January 4th 2024 - 10:42 UTC

    Uruguayan exports fall but 2023 still a good year

    Montevideo's port expects to handle even more trade in 2024, Curbelo explained

    Uruguay's sales abroad dropped 13% interannually, according to a study released this week in Montevideo. Uruguay XXI's Annual Uruguay Trade Report showed that “neither the external nor the internal context contributed to Uruguayan exports of goods.” Uruguay XXI also noted that despite the fall from 2022 figures, 2023 was “the second year with the highest value exports in the last decade.”

  • Wednesday, January 3rd 2024 - 10:42 UTC

    IMF delegation to visit Buenos Aires for further discussions

    Argentina is in an extremely delicate situation, Adorni admitted

    Argentina's Cabinet Chief Nicolás Posse and Economy Minister Luis Toto Caputo are to meet in Buenos Aires with a delegation from the International Monetary Fund (IMF) on Thursday, Presidential Spokesman Manuel Adorni confirmed Tuesday.

  • Wednesday, January 3rd 2024 - 10:30 UTC

    Argentina lifts restrictions on beef exports

    Before the restrictions, beef exports in 2020 amounted to one million tons

    The Argentine Government of President Javier Milei has authorized the export of seven “popular cuts” of beef which had been banned from sales abroad under Alberto Fernández, it was reported in Buenos Aires.

  • Tuesday, January 2nd 2024 - 10:00 UTC

    Low food prices and high interest rates behind Brazil's waning inflation

    Braz fears that if the government is unable to meet its budget target in 2024, a devaluation of the real might ensue

    After Brazil's statistics bureau IBGE (Brazilian Institute of Geography and Statistics) released the inflation for 2023 in the South American country (4.72%), Agencia Brasil delved into the possible reasons behind this achievement and determined that low food prices and high interest rates played a significant role.

  • Sunday, December 31st 2023 - 23:24 UTC

    Argentina sends note rejecting BRICS entry

    Milei prefers the United States and Israel as partners

    The Argentine Government of President Javier Milei this week sent a note announcing that the South American country would not be joining the BRICS group on Jan. 1 as agreed upon with the previous administration of Alberto Fernández.

  • Saturday, December 30th 2023 - 11:33 UTC

    Argentina: Beneficiaries of social aid found not to be in need

    Marijuán found that almost 160,000 beneficiaries of “Potenciar Trabajo” had traveled abroad, many of them “on numerous occasions”

    Argentina's Human Capital Ministry on Friday ordered the suppression of 4,588 social assistance plans whose beneficiaries were found to have incurred expenses incompatible with such assistance, it was reported in Buenos Aires.

  • Saturday, December 30th 2023 - 09:00 UTC

    Chilean gov't extends agricultural emergency

    The measure “allows us to support the most affected sectors,” Minister Valenzuela explained

    Chile's Government Friday announced it was extending the agricultural emergency stemming from a water deficit due to poor rains, it was reported in Santiago. With this measure, authorities may keep up the aid to producers from Atacama to Magallanes until Sept. 30, 2024.

  • Friday, December 29th 2023 - 10:55 UTC

    Paraguay's BCP meets inflation target for 2023

    For next year, the BCP also foresees inflation around 4%, Mora pointed out

    Paraguay's Central Bank (BCP) confirmed Thursday in Asunción that after 2 years of overshooting the target, inflation in 2023 resulted according to plan. After the Consumer Price Index (CPI) exceeded 6% in 2021 and 2022, it ended at 3.7% in 2023. The BCP had set a 4% cap for the current exercise and could thus herald hopeful expectations for the year ahead.

  • Thursday, December 28th 2023 - 09:04 UTC

    Chile's state-owned Codelco strikes deal with SQP for lithium extraction

    “We are fulfilling the task of ensuring the state's participation in the extraction of the so-called white gold,” Boric celebrated

    Chilean President Gabriel Boric Font Wednesday celebrated a new agreement between the state-owned National Copper Corporation (Codelco) and Sociedad Química y Minera (SQM) to create a public-private partnership to exploit the country's lithium, with the state as the main shareholder, it was reported in Santiago.