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MercoPress, en Español

Montevideo, November 24th 2024 - 09:08 UTC

Economy

  • Saturday, June 3rd 2023 - 12:45 UTC

    Mercosur Summit scheduled for Puerto Iguazú

    Alberto Fernández will pass on the bloc's rotating presidency to Luiz Inácio Lula Da Silva

    The Argentine city of Puerto Iguazú in the province of Misiones will host the LXII Mercosur Summit on July 3 and 4, during which Alberto Fernández will pass on the pro tempore presidency of the bloc to his Brazilian counterpart Luiz Inácio Lula Da Silva, it was announced Friday in Buenos Aires.

  • Saturday, June 3rd 2023 - 12:11 UTC

    New currency swap with China gives Argentina some financial relief

    During the meeting, the Argentine delegation gave their Chinese interlocutors official jerseys of the Argentine national football team

    Argentina will have US$ 10 billion to play on the domestic foreign exchange market and avoid a steeper devaluation of the peso after renewing a currency swap with China, Economy Minister Sergio Massa announced in Beijing Friday.

  • Saturday, June 3rd 2023 - 12:00 UTC

    Falklands farmers face tough times unable to have a fluid sale of their wool clip

    MLA Gavin Short asked if there are any indications that low clip sales may be causing cashflow difficulties that may require central Government to intervene.

    Lawmaker Gavin Short rose at the Falkland Islands elected Legislative Assembly this week and asked MLA Teslyn Barkman if she was “aware of any farms that have been unable to sell their wool clip either fully or partially this season.”

  • Friday, June 2nd 2023 - 11:01 UTC

    Argentina to join BRICS bank?

    Rousseff found the fastest way for Argentina to get help from the BRICS NDB Bank

    Argentine Economy Minister Sergio Massa was told in Shanghai by New Development Bank President Dilma Rousseff that the road was clear for Argentina to join the entity and thus be able to obtain some financial backing in the near future, it was reported. The formal announcement will be made next August alongside those concerning Saudi Arabia, Egypt, and Zimbabwe.

  • Friday, June 2nd 2023 - 10:45 UTC

    Chilean Foreign Trade in first quarter drops some 8,4%, Port Chamber report

    The decline in general cargo aligns with a 20.4% decrease in full container handling during the January-March 2023 compared to the same period in 2022.

    Comparing analysis of foreign trade by sea in the first quarter of 2023, reveals that this year there has been a drop of 8.4% in tons handled and an 8.1% decrease in cargo value, according to the Maritime and Port Chamber of Chile, Camport.

  • Thursday, June 1st 2023 - 10:20 UTC

    Brazil's surplus falls 47% interannually in first four months of 2023

    The BCB said the consolidated public sector result between January and April was 2.31% of the country's GDP.

    Brazil's Central Bank (BCB) reported Wednesday that the South American country's public sector accounts (federal government, states and municipalities, and state-owned companies) recorded a primary surplus of R$ 78.7 billion reais (US$ 15.515 billion) in the first four months of 2023, which represented a 47% YoY drop.

  • Thursday, June 1st 2023 - 09:56 UTC

    Falklands adjusts Government Reserves Policy to 1,5 times (from 2,5) departmental operating expenditure

    FIG is committed to maintaining a vibrant and sustainable economy and a high standard of public services. Prudent fiscal and economic management are central to these objectives.

    Following the sitting of the Executive Council on Wednesday 10 May, a paper was approved to update the Government’s Reserves Policy to hold 1.5 times adjusted departmental operating expenditure in unrestricted reserves.

  • Wednesday, May 31st 2023 - 18:28 UTC

    Falkland Islands Government publishes Budget for 2023/24

    Gov. Alison Blake CMG reviewed last year's challenges and highlights,

    On 31st May, the Governor of the Falkland Islands made her annual address, state of the Nation, to the Legislative Assembly. In her speech, Alison Blake CMG reviewed last year's challenges and highlights, set out the government's and public service priorities for the year ahead, and paid tribute to the economy.

  • Wednesday, May 31st 2023 - 11:00 UTC

    Minister Massa announces agreements for about US$ 1 billion

    Massa will conclude his Chinese tour on Friday

    Argentina's Minister of Economy, Sergio Massa, announced from Shanghai that he has obtained financing for approximately US$ 1 billion for investments and disbursements that will strengthen the Central Bank's reserves.

  • Wednesday, May 31st 2023 - 10:50 UTC

    Venezuela has a pending debt of US$ 1,27 billion with Brazil, official data

    According to the Brazilian trade ministry, most of these operations were financed by the Brazilian Social and Economic Development Bank (BNDES)

    It's official, at the end of May, the Venezuelan debt to the Brazilian government amounted to approximately US$ 1.27 billion because of the non-payment of Brazilian goods and services covered by the Export Credit Insurance, subsidized by the Export Guarantee Fund (FGE). The information was officially provided by the Ministry of Development, Industry, Trade, and Services (Mdic).