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MercoPress, en Español

Montevideo, November 24th 2024 - 06:01 UTC

Economy

  • Saturday, July 1st 2023 - 10:49 UTC

    Mercosur members challenge Argentina toll fee on Parana/Paraguay waterway

    The Parana/Paraguay with its barges is crucial for the foreign trade of landlocked countries such as Paraguay and Bolivia

    Delegations from Paraguay, Bolivia, Brazil, and Uruguay recently convened a meeting to challenge Argentina’s imposition of a toll fee on the Paraná-Paraguay Waterway. The neighboring countries argued that the evidence presented by Argentina did not provide enough services to justify the charge.

  • Friday, June 30th 2023 - 10:28 UTC

    Argentina to pay the IMF with Chinese money

    Argentines will also be able to open bank accounts in yuan, the BCRA ruled

    Argentine authorities Thursday announced that ”the payment of 2.7 billion dollars to the IMF corresponding to the second quarter will be made, partly in Special Drawing Rights (SDR) of the Treasury and partly with yuan, without using Central Bank reserves.”

  • Friday, June 30th 2023 - 08:01 UTC

    Falklands Government acquires Stanley Growers provider of 90% of fresh vegetables and fruit

    Some of the valuable producing land of Stanley Growers. (Pic Stanley Nurseries & Garden Centre)

    Last 21 June it was announced that the Falkland Islands Government (FIG) would be acquiring Stanley Growers Limited and Stanley Nurseries and Garden Centre and the land which both businesses occupy, with the intention of managing the business for a time before selling it.

  • Thursday, June 29th 2023 - 10:42 UTC

    Portuguese President wants EU-Mercosur deal ratified this year

    “If we choose the path of democracy, we choose the path of the dignity of the person,” Rebelo stressed

    Portugal's President Marcelo Rebelo de Sousa said Wednesday it was essential that an agreement between Mercosur and the European Union (EU) “be concluded as soon as possible,” Agencia Brasil reported. Rebelo made those remarks during a forum in Lisbon which was also attended by Brazilian Vice President Geraldo Alckmin, who is also the South American country's Minister of Development, Industry, Commerce, and Services.

  • Thursday, June 29th 2023 - 08:19 UTC

    Brazil declares a record harvest of soy beans, 156 million tons in 2023

    National soybean harvest witnessed a 20% rise compared to 2022, when drought adversely affected crops in the South.

    The Brazilian Association of Vegetable Oil Industries (Abiove) reported that the soybean harvest in Brazil, already completed in 2023, exceeded expectations, leading to an upward revision in export forecasts for soybean grain, meal, and oil this year. Soy remains Brazil’s primary export product.

  • Thursday, June 29th 2023 - 08:14 UTC

    Lula government promoting Brazilian agriculture with US$ 76 billion financial support

    The Agriculture Ministry said that the 2023/24 “Safra Plan” would provide 364.2 billion reais (US$ 76 billion) (27%) increase in financial farming support

    Brazilian president Lula da Silva has increased subsidized farm loans as part of a national agriculture funding plan as he aims to strengthen ties with the sector, which has been driving the economic activity of the country.

  • Thursday, June 29th 2023 - 02:25 UTC

    UK pension funds in the limelight because of massive investments in fossil fuel firms

    Make My Money Matter revealed that UK’s pension funds should review their £88 billion worth of investment in equities and bonds of fossil fuel firms

    Controversy in the UK over pension funds and London's commitment to keep to the Paris Agreement goals. In effect this Wednesday, the climate finance campaign Make My Money Matter revealed that UK’s pension funds should review their US$ $112 billion (£88 billion) worth of investment in equities and bonds of fossil fuel firms, as the funds are not anywhere near on track for aligning their portfolios to the Paris Agreement goals.

  • Tuesday, June 27th 2023 - 09:03 UTC

    Brazil and Argentina strengthen alliance

    Lula also insisted on a specific reference currency for regional trade

    Brazilian President Luiz Inácio Lula da Silva Monday said that his country and Argentina have adopted almost 100 actions to “give substance” to joint development between South America's two largest economies, Agencia Brasil reported.

  • Saturday, June 24th 2023 - 10:43 UTC

    Lula insists on addressing inequality

    If we do not address inequality, people may have a better climate, but will continue to die of hunger, Lula warned

    Brazilian President Luiz Inácio Lula da Silva Friday insisted in Paris on the advantages of using a common currency for foreign trade operations and underlined once again that the European Union's demands for the Mercosur agreement were a “threat.”

  • Friday, June 23rd 2023 - 10:40 UTC

    Upheaval in UK mortgage market: banks and building societies to meet Chancellor Hunt

    The British government and lenders are under pressure to do more to help those struggling with rising mortgage rates.

    Following on Thursday interest rate hike by the Bank of England, BBC is reporting that banks and building societies are to meet Chancellor Jeremy Hunt to discuss the upheaval in the mortgage market.