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MercoPress, en Español

Montevideo, November 24th 2024 - 12:31 UTC

Economy

  • Thursday, April 13th 2023 - 10:54 UTC

    Lula highlights BRICS Bank's social role

    The IMF is “asphyxiating” Argentina, Lula also said

    Brazilian President Luiz Inácio Lula da Silva Thursday highlighted the social mission of the New Development Bank (NDB), also known as BRICS Bank, during Dilma Rousseff's inauguration as president of the financial institution in Shanghai, China.

  • Wednesday, April 12th 2023 - 10:04 UTC

    Brazil recovers the Russian market for its beef exports

    On March first, Brazil, following sanitary protocol imposed an embargo on meat from animals slaughtered in the state of Pará that were more than 30 months old.

    Brazil has announced the end of the Russian embargo on Brazilian beef produced and exports in the state of Pará. Russia imposed the restrictions during March, after the confirmation of an atypical case of BSE or “mad cow” disease in Marabá, in the south of the state, in late February.

  • Wednesday, April 12th 2023 - 09:05 UTC

    Brazilian inflation decelerates in March

    TVs, stereos, and computers fell in March

    Brazil's National Wide Consumer Price Index (IPCA), which measures the country's official inflation, reached 0.71% in March, decelerating in relation to February, when it was 0.84%, and reaching the lowest level since January 2021, it was announced Tuesday.

  • Tuesday, April 11th 2023 - 10:50 UTC

    Argentine President highlights the State's role in housing for all

    “Middle-income countries account for 60% of the world's poverty,” President Fernández explained

    Argentine President Alberto Fernández Monday insisted that “giving a roof to every inhabitant is an act of justice.” Fernández made those remarks at the closing ceremony of a Forum of Ministers and Highest Authorities of Housing and Urban Planning of Latin America and the Caribbean at Buenos Aires' Kirchner Cultural Center (CCK).

  • Monday, April 10th 2023 - 10:59 UTC

    Mercosur, Canada to resume trade deal talks

    A Canadian team is due in Brasilia next month to resume the negotiations that were left aside due to the Covid-19 pandemic

    Negotiations for an agreement between Mercosur and Canada to eliminate tariffs on industrial and agricultural goods, services, intellectual property, and government purchases are to resume after more than three years, CNN Brazil reported. The initiative had been halted by the Covid-19 pandemic.

  • Saturday, April 8th 2023 - 10:13 UTC

    Argentina: inflation projections take turn for the worse

    The Central Bank's survey showed inflation will not fall below 6% monthly, at least until September

    Leading Argentine economists foresee the country's inflation in 2023 might reach 110%, a 10.2 % increase from previous projections, it was explained in Buenos Aires. The projection thus reached three digits for the first time since the REM was implemented.

  • Thursday, April 6th 2023 - 16:21 UTC

    Argentina officially rejoins Unasur to play a leading role in its “revitalization”

    Fernández announced on March the return to Unasur. When Macri's government left the bloc, it alleged that the organization was plunged into a crisis due to an “agenda with a high ideological content”

    Argentina made official its return to the Union of South American Nations (Unasur), founded in 2009 and from which it had left in 2019, to “promote its institutional revitalization and build an increasingly integrated region,” official sources said Thursday.

  • Thursday, April 6th 2023 - 14:21 UTC

    Lula's administration announces orthodox fiscal goals, to help combat inflation expectations

    The fiscal framework proposed by Fernando Haddad combines a looser spending cap with primary budget targets. First reactions of markets have been positive

    The Brazilian administration of President Lula da Silva finally unveiled new fiscal rules to try and balance limits on spending growth, which have collided with promises of higher social programs, government investment, and independent central bank high-interest rates, all of which have created uncertainty about his commitment to combat inflation.

  • Thursday, April 6th 2023 - 10:19 UTC

    IMF says Paraguay has good macroeconomic performance

    Villafuerte visited Asunción with an IMF team from March 27 to April 4

    A statement from the International Monetary Fund (IMF) released in Asunción on Wednesday highlighted Paraguay's macroeconomic performance and underlined that the South American country met the goals set for the end of 2022, after implementing a two-year technical support program from the global agency.

  • Wednesday, April 5th 2023 - 10:11 UTC

    Argentina: Minister Massa discusses trade with group of US Senators

    Massa insisted Argentina needs to export more to the US, for which certain barriers must be lowered

    Argentina's Economy Minister Sergio Massa met Tuesday in Buenos Aires with a group of US Senators to discuss economic and political cooperation in order to face the challenges posed by the new global reality.