Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, November 24th 2024 - 06:55 UTC

Economy

  • Thursday, June 15th 2023 - 09:01 UTC

    CPI officially 7.8% up during May in Argentina

    “If you do your shopping daily you know these numbers cannot be real,” a supermarket customer told MercoPress.

    Argentina's National Institute of Statistics and Census (Indec) Wednesday announced that the Consumer Price Index (CPI) for the month of May of 2023 was 7.8% for a total interannual of 114.2% and a 42.2% in the first five months of the year, it was reported in Buenos Aires.

  • Thursday, June 15th 2023 - 06:50 UTC

    Fed makes a pause, leaves rates unchanged but anticipates two further moves before 2024

    We’ve covered a lot of ground and the full effects of our tightening have yet to be felt,” said Fed Chair Jerome Powell at a news conference

    The United States Federal Reserve this Wednesday, following a two-day meeting decided to keep the interest rate unchanged but the Federal Open Market Committee anticipated that a further two hikes of quarter percentage moves can be expected before the end of the year.

  • Thursday, June 15th 2023 - 06:31 UTC

    Overseas business risk for Uruguay, according to UK FCDO

    The impressive pulp mills of which Uruguay is preparing to inaugurate a third

    The Foreign, Commonwealth, and Development Office has published Information on how UK companies can control risks when doing business in Uruguay.

  • Wednesday, June 14th 2023 - 06:52 UTC

    US inflation in twelve months to May slows to 4%; Fed begins two day meeting

    Measured year over year, inflation slowed to just 4% in May — the lowest 12-month figure in over two years and well below April's 4.9% annual rise

    Last month consumer prices in the United States rose 0.1% from April to May extending the past year's steady easing of inflation. The Tuesday announcement comes when the Federal Reserve begins a two-day meeting, still concerned that some measures of underlying price pressures remain high.

  • Tuesday, June 13th 2023 - 11:12 UTC

    It's official: Tierra del Fuego planning a multipurpose port in Rio Grande

    Shaanxi Chemical Industry and Tierra del Fuego Peronist governor Gustavo Melella in August last year signed an MoU which has been kept mostly secret

    Argentina's general elections next October are focusing mainly on inflation (150% this year, cost of living and food prices), plus security and street violence, but for those a bit better off and with time to think a semi-hidden issue, plus the overall influence of China in the country.

  • Tuesday, June 13th 2023 - 08:16 UTC

    UAE Minister has busy day in Buenos Aires

    Minister Reem Al Hashimy met first with Foreign Minister Santiago Cafiero and then with Vice President CFK

    Argentine Foreign Minister Santiago Cafiero Monday welcomed United Arab Emirates Minister of State for International Cooperation Reem Al Hashimy to deepen bilateral ties and open new exchange channels between both countries, it was reported by the Palacio San Martín.

  • Tuesday, June 13th 2023 - 01:36 UTC

    Brazilian beef stranded in Chinese ports triggers a Lula phone call to Xi

    According to Lula, Minister of Agriculture, Carlos Fávaro, informed him that “70,000 tons of meat are stuck inside containers at Chinese ports.”

    Since some 70,000 tons of Brazilian beef are stranded at Chinese ports awaiting an official clearance resolution from Beijing since the identification of an atypical case of Bovine Spongiform Encephalopathy (BSE), known as “mad cow disease” in Brazil, President Lula da Silva revealed he contacted his counterpart Xi Jinping on Juke 6, to try and overcome the situation.

  • Monday, June 12th 2023 - 10:23 UTC

    Honduras wants to join BRICS bank

    President Xiomara Castro formally made the request during a meeting with Dilma Rousseff

    During her six-day visit to China, Honduran President Xiomara Castro formally asked BRICS' New Development Bank (NBD) Chairwoman Dilma Rousseff for the Central American country to join the entity, it was reported in Shanghai. A technical delegation of the Honduran government will travel in the coming days to initiate the process.

  • Saturday, June 10th 2023 - 10:40 UTC

    Honduran President lands in China to bolster bilateral ties

    With Castro's decision, Honduras joined the group of nations to cut diplomatic relations with Taipei

    Honduran President Xiomara Castro arrived in Shanghai Friday, starting a six-day visit to China which will include a meeting with President Xi Jinping following her government’s decision to establish diplomatic relations with Beijing and cut off ties with Taiwan.

  • Saturday, June 10th 2023 - 10:34 UTC

    French minister warns against rushing EU-Mercosur deal

    Brazil is currently “engaging in a strong energy transition” under Lula, Becht said

    France's Junior Trade Minister Olivier Becht expressed his concerns said this week during his visit to Brazil about concluding the EU-Mercosur deal too hastily. While his country does want a deal concluded between the European Union and South America’s Mercosur, Becht warns against entering into it too quickly, without assurances on environmental and social issues.