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MercoPress, en Español

Montevideo, July 1st 2025 - 21:35 UTC

Economy

  • Monday, July 1st 2024 - 09:35 UTC

    CFK: The Libertarians' zero deficit is a fabrication

    Milei “lives in a world that no longer exists,” CFK argued

    Former Argentine President Cristina Fernández de Kirchner (2007-2015 / CFK) said during an interview on the internet streaming channel Gelatina outside mainstream media that the Liberal administration's “fiscal surplus is increasingly trumped up.”

  • Saturday, June 29th 2024 - 10:18 UTC

    Paraguay and Argentina set roadmap for collaborative work

    Foreign Ministers Ramírez (L) of Paraguay and Mondino of Argentina reviewed bilateral issues on the side of the OAS General Assembly

    Paraguay and Argentina reached an understanding regarding the Paraná-Paraguay River Waterway after Foreign Ministers Rubén Ramírez Lezcano and Diana Mondino gathered in Asunción on the sides of the Organization of American States (OAS) General Assembly.

  • Saturday, June 29th 2024 - 09:28 UTC

    Brazil: Dollar soars, unemployment falls

    The last working day of the semester is marked by strong demand for dollars from multinationals sending profits abroad

    The economy in South America's largest country is taking a shaky turn as Friday's figures would indicate. The exchange rate between the local real (R$) and the US dollar (US$) went up 15.15% over the past six months, closing at US$ 1 = R$ 5.58 while the Stock market fell 0.32% for a 1.49% monthly gain. On the brighter side, unemployment in the quarter ending in May stood at 7.1%, according to Brazil's Institute of Geography and Statistics (IBGE), a considerable improvement from February's 7.8% and the yoy 8.3%.

  • Friday, June 28th 2024 - 19:49 UTC

    Paraguayan President reminded that “impunity discourages foreign investment”

    The US and Paraguay are allies and strategic partners in tackling corruption, Verma pointed out

    US Under Secretary of State for Management and Resources Richard Verma, who heads his country's delegation before the Organization of American States (OAS) 54th General Assembly in Asunción, met Thursday afternoon with Paraguayan President Santiago Peña, with whom he discussed the devastating effects of corruption and impunity on the economy.

  • Friday, June 28th 2024 - 18:29 UTC

    Food industry is Brazil's main source of jobs, IBGE finds

    Brazil's Southeast accounted for 61.1% of the country's Industrial Transformation Value (ITV)

    The foodstuff industry accounted for the largest number of jobs (22.8%) in South America's largest country, according to a study released Thursday by Brazil's Institute of Geography and Statistics (IBGE). The clothing and accessories industry represented 7% of workplaces, and the manufacture of metal products (machinery and equipment not included), 5.9%.

  • Thursday, June 27th 2024 - 19:24 UTC

    Denmark plans to tackle animal gas emissions with a livestock tax

    Dairy farming is believed to contribute greatly to the production of human-related greenhouse gases

    Denmark's coalition government agreed this week to tax livestock owners the equivalent of US$96 per head per year from 2030 due to greenhouse gases produced by animal flatulence, Tax Minister Jeppe Bruus announced. The move on cows, pigs, and sheep is expected to result in a 70% reduction from 1990 levels by the end of the decade on the path to carbon neutrality, Bruus explained. “We will take a big step towards climate neutrality in 2045,” he emphasized. The tax is expected to be approved by Parliament later this year.

  • Wednesday, June 26th 2024 - 10:51 UTC

    Milei's alleged success under questioning from studies measuring people's reality

    The “blue” dollar reached a new all-time high

    While Argentine President Javier Milei tours the world boasting his administration's success in curbing inflation, local reports underscore deteriorating living conditions for most people in his country which seems to be heading for hyper-recession.

  • Tuesday, June 25th 2024 - 10:55 UTC

    Awkwardness surrounds Milei's presence in Prague

    “We are on the right path,” Milei insisted

    Argentine President Javier Milei Monday said from Prague that he would “probably” be awarded the Nobel Prize for “rewriting economic theory” with his administration's alleged achievements rescuing the South American country from hyperinflation and getting it back on track. Besides his political engagements with the Czech authorities, Milei's presence in town sparked another controversy regarding a new accolade he was presented after the organization allegedly behind the distinction said it had nothing to do with it.

  • Tuesday, June 25th 2024 - 10:28 UTC

    Paraguay's shipping business needs Paraná River dredged as soon as possible

    Some 9,000 people work in Paraguay's river shipping business

    Paraguay's Congress will be asked to declare a hydrological emergency in the Paraná River to speed up dredging after members of the Paraná Joint Commission (Comip) discussed the hydro-climatological last week and agreed on the next actions, Merchant Marine Director Patricio Ortega explained in Asunción.

  • Tuesday, June 25th 2024 - 09:41 UTC

    Brazil's yearly inflation projection adjusted slightly upwards

    According to the Brazilian Institute of Geography and Statistics (IBGE), the IPCA has accumulated 3.93% in 12 months

    Brazil's Central Bank (BCB) Monday released the latest edition of its Focus Bulletin showing a slight upward adjustment in the Broad National Consumer Price Index (IPCA) from 3.96% to 3.98% this year, Agencia Brasil reported. The index is considered the country's official inflation. The weekly survey among leading financial institutions also projected an increase from 3.8% to 3.85% next year while for 2026 and 2027 the forecasts were 3.6% and 3.5% respectively.