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MercoPress, en Español

Montevideo, March 21st 2023 - 04:43 UTC

Economy

  • Wednesday, February 15th 2023 - 09:38 UTC

    Inflation in Argentina reaches 6% in January

    Projections for February and March have a floor of 6%, it was reported

    Inflation in Argentina reached 6% in January of 2023, according to a report from the National Institute of Statistics and Census (Indec) released Tuesday, which also showed the interannual consumer price index went up 98.8%. It was the highest monthly rate since 1991 when it reached 84%.

  • Wednesday, February 15th 2023 - 09:29 UTC

    Brazil planning beef exports of three million tons by 2030

    Brazil’s prominence in terms of exports is the result of decades of investment in technology, with higher productivity and competitiveness and quality of the product

    Brazil ended 2022 as the largest exporter of beef in the world, according to the Brazilian Association of Meat Exporters (Abisec). In effect, Abisec data showed Brazilian beef exports rose 40,8% rose between January and December 2022 compared to the same period in 2021

  • Tuesday, February 14th 2023 - 10:50 UTC

    Financial Times full of praise for Uruguay

    Finance Minister Azucena Arbeleche was behind the achievements British media found worth highlighting

    When looking for a global model, the Financial Times (FT) came up with Uruguay this week while the South American country's so-called “green bond” tied to environmental goals became the “Latin American Bond of the Year in 2022” according to the International Financial Review (IFR).

  • Tuesday, February 14th 2023 - 10:49 UTC

    Brazilian markets relief: Lula da Silva will respect Central Bank's autonomy

    Institutional Relations Minister Alexandre Padilha said the government is not considering ways to cut short the terms of central bank chief Roberto Campos Neto

    Brazil’s Real remained stable after one of President Luiz Inácio Lula da Silva’s cabinet members said the administration will respect a law that gives autonomy to the central bank despite the president’s growing attacks against the monetary authority.

  • Tuesday, February 14th 2023 - 10:33 UTC

    January inflation in Argentine higher than expected

    Many measures adopted by Economy Minister Sergio Massa are backfiring ahead of this year's presidential elections

    Argentine authorities are admitting that inflation in January of 2023 was “high” and that in that scenario meeting the targets agreed upon with the International Monetary Fund (IMF) will not be easy. At the same time, Economy Ministry teams were reported to be planning new batches of measures to reverse the negative impact of prices going up, it was reported in Buenos Aires.

  • Tuesday, February 14th 2023 - 10:16 UTC

    UK economy, Brexit and the productivity slowdown controversy

    Bank of England. Photo: HANNAH MCKAY/REUTERS

    Jonathan Haskel, an external member of the Bank of England monetary policy committee, said a wave of investment “stopped in its tracks” in 2016 following the Brexit vote.

  • Monday, February 13th 2023 - 14:39 UTC

    Falklands and Gibraltar in Spanish List of tax havens and alleged money laundering

    The List was published last Friday by the Official Spanish Gazette, and “will be submitted to review according to international legislation and the different national advances”.

    The Falklands/Malvinas and Gibraltar figure among the latest list of countries and territories, which are considered tax havens by the Spanish Government, allegedly involved in money laundering operations, following on the latest international concept of non-cooperative jurisdiction in the matter.

  • Monday, February 13th 2023 - 10:03 UTC

    Mercosur-Singapore free trade agreement coming up?

    Argentina plans to seek a deal with Asean with or without Mercosur

    Under Argentina's pro-tempore presidency, Mercosur will try to clinch a Free Trade Agreement (FTA) with Singapore, according to Palacio San Martín (Foreign Ministry) sources quoted by BAE Negocios. The Alberto Fernández administration is particularly eager to show results, the report also said.

  • Saturday, February 11th 2023 - 15:48 UTC

    Brazil, free of avian flu, so far, exported a record 421.000 tons of poultry meat in January

    Revenue from the record shipments reached US$ 856.6 million, that is 38.9% higher than that of January 2022.

    With poultry prices soaring (a dozen of eggs in California reached eight dollars, yes eight dollars and climbing) because of the intense culling of millions of chickens caused by the avian flu, no wonder then than poultry meat exports from Brazil during January reached 420.900 tons, up 20.6% compared to the same period of the previous year and a record for the month, claimed the ABPA (Brazilian Association of Animal Protein) this week.

  • Saturday, February 11th 2023 - 15:46 UTC

    “Tight money ahead for months to come”, anticipates the UD Fed unpleased with inflation

    Waller said the Fed needs to maintain its current plan of action, which has seen eight interest rate hikes since March 2022.

    The United States Federal Reserve is not satisfied with the evolution of inflation in the country and has warned the fight is not over, and could possibly result in higher interest rates that those markets are anticipating and despite of growing fears they could lead to a recession.