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MercoPress, en Español

Montevideo, July 19th 2025 - 23:02 UTC

Economy

  • Friday, April 25th 2014 - 05:45 UTC

    Lay-offs hit Brazilian auto industry following advancing drop in sales

    In March, 240,800 vehicles were sold in Brazil, 15.2% less than a year earlier and 7.1% less than in February

    Volkswagen said on Thursday it will lay off 900 autoworkers at two Brazilian plants, one of the biggest recent efforts to cut output in the face of sluggish demand for cars in Latin America's largest economy. Brazil is the No. 4 market for Volkswagen after China, Germany and the United States.

  • Friday, April 25th 2014 - 05:41 UTC

    Mantega confident that this year the 'the villain factor' in inflation is contained

    The Brazilian minister blamed less rain for food prices but trusted sugar cane ethanol will help with fuel

    Ever-optimistic Brazilian Finance Minister Guido Mantega said a recent rise in consumer prices was expected, ('there's always a villain factor pushing inflation')' anticipating that in May/June the index will be lower. Mantega also denied local news reports that the government was seeking a change in the index methodology as a way to eliminate the impact of volatile food prices.

  • Friday, April 25th 2014 - 05:36 UTC

    Latin America's fast growing decade is coming to an end, anticipates IMF report

    The key risk is a sharper decline in commodity prices caused by weaker demand

    The IMF’s Regional Economic Outlook for the Western Hemisphere, released on Thursday in Lima, Peru, projects regional growth of 2½ percent in 2014, down from 2¾ percent in 2013. Weak investment and subdued demand for the region’s exports held back activity in 2013, as did increasingly binding supply bottlenecks in a number of economies. For 2015, the IMF projects a modest pickup, to 3%.

  • Friday, April 25th 2014 - 05:31 UTC

    Brazil investigating potential case of atypical mad cow disease in Matto Grosso

    The country experienced a case of atypical BSE in late 2012

    Brazil is investigating a potential case of atypical mad cow disease, the agriculture ministry said on Thursday, just over a year after several countries banned Brazilian beef imports when a similar case of the disease was confirmed.

  • Thursday, April 24th 2014 - 08:11 UTC

    Argentine and China reaffirm close trade and political links

    Minister Wang Yi with President Cristina Fernadez at the Casa Rosada

    Argentine President Cristina Fernández received on Wednesday China’s Foreign Ministry Wang Yi and signed several trade agreements, including aerospace infrastructure at the Government House, Buenos Aires City. During the meeting, the president was accompanied by Cabinet Chief Jorge Capitanich, Economy Minister Axel Kicillof, Federal Planning Minister Carlos Julio De Vido and Foreign Minister Héctor Timerman, with whom Wang Yi had a previous meeting.

  • Thursday, April 24th 2014 - 07:59 UTC

    China making inroads into Brazilian trade with Argentina, says CNI

    “We are losing our market in Latin America. Our competitiveness is being constantly called into question”, complains Carlos Abijaodi

    Argentina's economic situation has hit Brazil harder than its other commercial partners, as China has been making inroads into Brazilian trade with Argentina. Chinese exports to Argentina have more than tripled in the last ten years, according to a study carried out by Brazil's National Confederation of Industry, (CNI).

  • Thursday, April 24th 2014 - 07:42 UTC

    Falkland Islands' “Agency of the Year” for Sulivan Shipping

    Sulivan Shipping Cruise Coordinator Sammy Marsh and Managing Director John Pollard

    “Agency of the Year”, for Sulivan Shipping and “Managing Director” to Roddy Napier, were among the outstanding performers of the Falkland Islands third Tourism Awards presentation which took place at Government House, Stanley, with the presence of Acting Governor John Duncan, tourist board and industry representatives and a large crowd.

  • Thursday, April 24th 2014 - 07:10 UTC

    Paraguay moving closer to Pacific Alliance; expects invitation for summit in Mexico

    Deputy minister Gonzalez will be travelling to Colombia and Mexico to continue discussions for full membership of the Alliance

    A top Paraguayan official will be travelling to Colombia to establish 'closer links' with the Pacific Alliance and advance with the country's full membership request. Paraguay currently with observer status is also waiting for the official invitation to participate in the Pacific Alliance summit scheduled for 22 June in Mexico.

  • Wednesday, April 23rd 2014 - 09:28 UTC

    Argentina's high court rules export levies are unconstitutional; case benefits shrimp exporter

    In Argentina only Congress is entitled to create taxes.

    Argentina's Supreme Court ruled as unconstitutional a Ministry of Economy resolution imposing export taxes on the overseas sale of produce from Camaronera Patagonica. Following the ruling the Patagonia shrimp company should be able to recover the levies on exports charged between March and August 2002.

  • Wednesday, April 23rd 2014 - 07:53 UTC

    Argentine economy expands 1.3% in February over a year ago, says government

    Agriculture's contribution was particularly strong while manufacturing and construction were down

    Argentina's economy expanded 1.3% in February compared with the same month a year ago, the government said on Tuesday, a result that outpaced market expectations. The government's stats office Indec also revised January economic activity to positive 1.4% from a previously reported expansion of 1.2%.