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MercoPress, en Español

Montevideo, November 24th 2024 - 16:31 UTC

Economy

  • Monday, February 27th 2023 - 08:28 UTC

    IMF to relax quarterly reviews of Argentina's reserve targets after Massa-Georgieva talks

    It is better to be predictable than to need waiver after waiver, Massa told Georgieva

    Argentina's Economy Minister Sergio Massa and International Monetary Fund (IMF) Managing Director Kristalina Georgieva held a bilateral meeting this weekend at the Indian city of Bengaluru where arrangements were being made for the G20 Summit of heads of state and government later this year.

  • Friday, February 24th 2023 - 10:30 UTC

    Massa has busy agenda in India

    The pre-G20 Summit meeting is likely to issue a direct recommendation to the IMF to cut down the surcharges billed to emerging countries

    Argentina's Superminister of Economy Sergio Massa met Thursday with colleagues from hosts India and also of China during his stay in the Indian city of Bengaluru, the capital of the Indian state of Karnataka, where arrangements are being made by finance ministers and central bank presidents for the G20 Summit of heads of state and government later this year.

  • Friday, February 24th 2023 - 10:14 UTC

    Biden picks Indian-American candidate to chair World Bank

    “Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said

    Former Mastercard CEO Ajay Banga has been picked by US President Joseph Biden to vie for chairman of the World Bank (WB), it was announced Thursday in Washington DC. Banga, 63, who was born and raised in India, has the indispensable experience to mobilize public and private resources to address the most urgent challenges of our time, including global warming, the White House explained through a statement.

  • Friday, February 24th 2023 - 10:00 UTC

    Pfizer appoints new country manager for Argentina, Uruguay, and Paraguay

    Ruiz Villamil joined Novartis in mid-2018 and became CEO in June 2021

    Doctor Agustina Ruiz Villamil has been appointed as Pfizer's new Chief Executive Officer for Argentina, Uruguay, and Paraguay to replace Nicolá Vaquer, who was the laboratory's chief during the Covid-19 pandemic and the ensuing negotiations for the purchase of vaccines.

  • Thursday, February 23rd 2023 - 09:20 UTC

    Brazilian beef sales to China suspended due to case of mad cow

    “All measures are being taken immediately,” Minister Carlos Favaro stressed

    Brazil's Ministry of Agriculture announced Wednesday that even though it poses no threat to human consumers, beef exports to China are to be halted effective Thursday after a case of the mad-cow disease has been confirmed in the State of Pará, Agencia Brasil reported.

  • Wednesday, February 22nd 2023 - 11:00 UTC

    British maker of autoparts closes Argentine business

    TI Fluid Systems will halt production on Feb. 28 and cease all operations by April 30

    A British maker of auto parts is closing its plant in Victoria in the province of Buenos Aires on the northern outskirts of the country's capital due to the “serious economic situation” the South American nation is going through, it was reported. The sector is particularly affected by foreign exchange restrictions which render inputs unattainable.

  • Tuesday, February 21st 2023 - 10:05 UTC

    Argentina ups security measures as number of avian flu cases grows

    Avian flu cannot be transmitted through the consumption of eggs from sick birds, Melón explained

    Argentina's health authorities have decided to up their biosecurity measures following the increase in the number of avian flu cases detected nationwide, particularly in provinces bordering Uruguay, but also in Córdoba and Salta.

  • Saturday, February 18th 2023 - 10:48 UTC

    Argentina's reserves wane as “official” dollar rises

    What will Economy Minister Sergio Massa do after the four-day weekend to reverse the currency leaks?

    In a country where the exchange rate between the local currency and the US dollar varies from one counter to the other and hinges on the type of operation involved beyond the exchange, Argentina's official rate against Friday pierced for the first time the symbolic AR$ 200 / US$ 1 threshold at private banks, closing at AR$ 191.25 (purchase) / AR$ 199.25 (sale) at the Banco Nación.

  • Friday, February 17th 2023 - 08:05 UTC

    Massa holds meeting with Indian Ambassador in Buenos Aires

    Massa and Bhatia discussed next month's meeting of G-20 economy ministers among other issues

    Argentina's Economy Minister Sergio Massa Thursday met with India's Ambassador to Buenos Aires Dinesh Bhatia to discuss the South American country's participation in the G-20 economic meeting and move forward in the use of local currencies for bilateral trade.

  • Thursday, February 16th 2023 - 11:31 UTC

    Bird flu reaches northern Argentina

    Humans are at “no risk of acquiring the disease through consumption” of poultry or eggs, Bahillo explained

    Argentine authorities have declared a state of emergency after the first case of avian influenza was confirmed in wild birds in the northern province of Jujuy bordering Bolivia.