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MercoPress, en Español

Montevideo, November 23rd 2024 - 12:50 UTC

Economy

  • Friday, December 1st 2023 - 09:55 UTC

    Pedro Sánchez promises Paraguayan president to work for Mercosur deal finalizing

    Peña insisted that Mercosur has other arrangements in sight, such as Singapore and the United Arab Emirates

    Spanish Prime Minister Pedro Sánchez held a telephone conversation this week with Paraguayan President Santiago Peña during which he insisted on his country's commitment to finalizing the trade deal between the European Union and Mercosur while he held the rotating presidency of the northern alliance. The deal would unite 800 million people and represent a quarter of the world's Gross Domestic Product (GDP). If things go on as projected, Mercosur would obtain duty-free access for 93% of its exports to the EU, with a 10-year deadline to achieve this goal.

  • Thursday, November 30th 2023 - 10:50 UTC

    Milei foresees stagflation for the coming months

    “Inflation is going to remain high because it is the result of the mess made by this government,” Milei said upon returning from the US

    Argentina's Legislative Assembly (Lower and Upper House together) Wednesday proclaimed Javier Milei's victory with 55.65% (14,554,560) of the votes in the Nov. 19 runoff against Economy Minister Sergio Massa. Chairing the meeting, Vice President Cristina Fernández de Kirchner (CFK) also confirmed Victoria Villarruel would be her successor.

  • Wednesday, November 29th 2023 - 10:35 UTC

    Bolivia's full Mercosur membership greenlighted

    For Brazil, Bolivia's full membership of Mercosur means cheaper energy, Senator Chico Rodrigues explained

    Brazil's Senate Tuesday greenlighted Bolivia's accession to the South American Common Market (Mercosur) as a full member of the bloc. Once President Luiz Inácio Lula da Silva enacts the bill, the regional alliance will once again consist of five full members -in addition to Argentina, Paraguay, and Uruguay- as it once happened when Venezuela was admitted but later suspended in 2017 for its undemocratic practices.

  • Wednesday, November 29th 2023 - 10:17 UTC

    Falklands looking for ways to overcome shortage of qualified and experienced labor

    “The Falkland Islands experience unique challenges when it comes to recruiting and retaining experienced workers.”

    The Falkland Islands Executive Council approved a Workforce Development Strategy for the Islands. This follows a public consultation on a draft Strategy undertaken earlier this year. The Falklands with a strong economy have been experiencing for years a shortage of qualified labor.

  • Monday, November 27th 2023 - 10:18 UTC

    Milei off to US for talks with IMF, WB, and Biden's administration

    Milei and his sister Karina attended a Jewish religious ceremony in Buenos Aires on Saturday

    Argentina's President-elect Javier Milei left Sunday evening for the United States to meet with officials from the Joseph Biden administration and creditor organizations such as the International Monetary Fund (IMF) and the World Bank (WB), it was reported in Buenos Aires

  • Saturday, November 25th 2023 - 10:46 UTC

    Paraguayan and Bolivian bananas return to Argentina

    Massa ordered the payment of bananas to be prioritized, Fanego explained

    Banana producers in Paraguay and Bolivia have agreed to resume shipments to Argentina after the outgoing administration of President Alberto Fernández authorized the use of foreign currency to pay for those imports.

  • Saturday, November 25th 2023 - 10:40 UTC

    FIH Group expects strong rebound from Falklands construction and tourist season

    FIH reported that the cost of sales increased 15% to £ 16.1 million, while operating expenses rose 23% to £ 9.7 million.

    Falkland Holdings Group PLC on Friday said pretax profit fell steeply in its latest half year, but that revenue increased 17%, and expects a strong rebound of the Falkland Islands construction and the start of the South Atlantic tourist season, Alliance News reported.

  • Friday, November 24th 2023 - 10:55 UTC

    Milei plans to privatize Paraná-Paraguay Waterway

    The waterway used to be in private hands between 1995 and 2021

    Argentina's future government of President-elect Javier Milei intends to privatize the Paraná Paraguay Waterway and bidding documents have already been drafted, but collecting tolls would remain in place, it was reported Thursday in Buenos Aires. Future Infrastructure Minister Guillermo Ferraro is said to have been working on the issue for weeks.

  • Friday, November 24th 2023 - 09:59 UTC

    Central Bank of Paraguay lowers interest rates

    According to the BCP, inflationary pressures remain moderate

    The Central Bank of Paraguay (BCP) lowered its benchmark interest rate from 8.50 to 7.25%, for a cumulative reduction of 1.25 basis points so far this year, in response to an encouraging macroeconomic scenario and positive international economic indicators. The decision was made after a meeting of the Monetary Policy Committee (MPC) late Wednesday, it was reported in Asunción.

  • Thursday, November 23rd 2023 - 14:34 UTC

    Tories preparing for elections, “cut taxes to help businesses and boost economic growth”

    Jeremy Hunt said he had decided to tax some cuts because inflation had eased and forecasts showed reduced borrowing.

    Election blues in Britain, the general election must be held before the end of January 2025, but the prime minister can call it earlier. And in effect, the ruling Conservatives claimed this week they had delivered the biggest tax cuts in decades in a move to boost the UK's stagnant economy and lift incomes.