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MercoPress, en Español

Montevideo, November 24th 2024 - 18:41 UTC

Economy

  • Thursday, February 16th 2023 - 10:50 UTC

    First shipment of Paraguayan pork lands in Taiwan

    Taiwanese consumers pay more than other Asian buyers for Paraguayan pork

    Paraguay's President Mario Abdo Benítez headed a delegation from the South American country visiting Taiwan to celebrate the arrival of the first pork shipment to that Asian market. Marking the occasion a ceremony was held in Taipei on Wednesday during which attendees could taste the new product as local businessmen pledged to increase imports shortly.

  • Wednesday, February 15th 2023 - 20:16 UTC

    Biden names two Washington policy veterans as key economic advisors

    “Lael, one of the country's leading macroeconomists, brings an extraordinary depth of domestic and international economic expertise,” Biden said in a statement.

    United States President Joe Biden named two Washington policy veterans as key economic advisers as he faces a Republican-controlled Congress and embarks on a possible re-election run for 2024.

  • Wednesday, February 15th 2023 - 11:27 UTC

    Huge Air India deal with Airbus provides thousands of jobs for UK companies

    The large A350 aircraft are exclusively powered by Rolls-Royce XWB engines, which are assembled and tested in Derby.

    The UK Prime Minister Rishi Sunak and Business and Trade Secretary Kemi Badenoch has welcomed a momentous deal for Airbus and Rolls-Royce to provide new aircraft for Air India, which is worth billions of pounds to the UK.

  • Wednesday, February 15th 2023 - 10:06 UTC

    EU upgrades Uruguay's status regarding tax cooperation

    Biestro pointed out that some changes which came into force in 2023 made this announcement possible

    Uruguay has been recognized as a “cooperating jurisdiction without commitments” by the European Union (EU) after a series of taxation improvements, the South American country's Ministry of Economy and Finance (MEF) confirmed Tuesday.

  • Wednesday, February 15th 2023 - 09:49 UTC

    UK's inflation reached 10,1% in January, National Stats Office

    The largest downward contribution in both the CPIH and CPI annual inflation rates between Dec 2022 and Jan 2023 came from transport, restaurants and hotels

    United Kingdom's twelve-month Consumer Prices Index (CPI) reached 10.1% in January against the 10.5% increase recorded in December while missing estimates of a 10.3% print, the UK Office for National Statistics (ONS) reported on Wednesday. The index keeps moving away from its highest level since January 1981 at 11.1% last year.

  • Wednesday, February 15th 2023 - 09:38 UTC

    Inflation in Argentina reaches 6% in January

    Projections for February and March have a floor of 6%, it was reported

    Inflation in Argentina reached 6% in January of 2023, according to a report from the National Institute of Statistics and Census (Indec) released Tuesday, which also showed the interannual consumer price index went up 98.8%. It was the highest monthly rate since 1991 when it reached 84%.

  • Wednesday, February 15th 2023 - 09:29 UTC

    Brazil planning beef exports of three million tons by 2030

    Brazil’s prominence in terms of exports is the result of decades of investment in technology, with higher productivity and competitiveness and quality of the product

    Brazil ended 2022 as the largest exporter of beef in the world, according to the Brazilian Association of Meat Exporters (Abisec). In effect, Abisec data showed Brazilian beef exports rose 40,8% rose between January and December 2022 compared to the same period in 2021

  • Tuesday, February 14th 2023 - 10:50 UTC

    Financial Times full of praise for Uruguay

    Finance Minister Azucena Arbeleche was behind the achievements British media found worth highlighting

    When looking for a global model, the Financial Times (FT) came up with Uruguay this week while the South American country's so-called “green bond” tied to environmental goals became the “Latin American Bond of the Year in 2022” according to the International Financial Review (IFR).

  • Tuesday, February 14th 2023 - 10:49 UTC

    Brazilian markets relief: Lula da Silva will respect Central Bank's autonomy

    Institutional Relations Minister Alexandre Padilha said the government is not considering ways to cut short the terms of central bank chief Roberto Campos Neto

    Brazil’s Real remained stable after one of President Luiz Inácio Lula da Silva’s cabinet members said the administration will respect a law that gives autonomy to the central bank despite the president’s growing attacks against the monetary authority.

  • Tuesday, February 14th 2023 - 10:33 UTC

    January inflation in Argentine higher than expected

    Many measures adopted by Economy Minister Sergio Massa are backfiring ahead of this year's presidential elections

    Argentine authorities are admitting that inflation in January of 2023 was “high” and that in that scenario meeting the targets agreed upon with the International Monetary Fund (IMF) will not be easy. At the same time, Economy Ministry teams were reported to be planning new batches of measures to reverse the negative impact of prices going up, it was reported in Buenos Aires.