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MercoPress, en Español

Montevideo, September 21st 2024 - 09:01 UTC

Economy

  • Thursday, July 25th 2024 - 19:50 UTC

    Argentine Economy Minister meets with IMF Chief in Rio

    Caputo was full of praise for Georgieva as he almost desperately needs fresh IMF funding

    Argentina's Economy Minister Luis Toto Caputo met Thursday in Rio de Janeiro with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who said the encounter had been “constructive.”

  • Thursday, July 25th 2024 - 11:19 UTC

    Chilean fruit exports grow 9% in first semester of 2024

    “The export of services from Chile was already a record last year, and this year is heading for a new all-time high,” Fernández Ruiz pointed out

    Chile's agricultural sales abroad in the first semester of 2024 amounted to over US$ 7 billion, almost 9% more than in the same period of 2023 thanks in part to a public-private cooperation strategy promoted by the Undersecretariat of International Economic Relations and ProChile, the Ministry's Department in charge of offering and promoting national products and services to the world.

  • Thursday, July 25th 2024 - 08:41 UTC

    Fitch says default on Argentine bonds in foreign currency likely

    The scope of Minister Toto Caputo's plan is still unclear, Fitch stressed

    The credit rating agency Fitch outlined Wednesday the possible consequences of Argentina's latest measures, which would aggravate the uncertainty about the South American country's reserves, particularly after some of its gold was shipped abroad, in addition to other financial gambits that would allow for the creation of banking pesos that would jeopardize a return to “global capital markets.”

  • Wednesday, July 24th 2024 - 08:36 UTC

    UK policy, funds for aerospace projects but no support for Harland & Wolff

    Secretary Reynolds told Parliament that a government guarantee on £200 million of borrowing for Harland & Wolff shipyard posed too great a risk to taxpayer money

    The new Labor government gave a clear indication of its policies and course of action this week when it announced at the Farnborough International Air Show a £103 million funding for aerospace projects, supporting greener travel and thousands of jobs across the UK. This contrasts with the rejection of a guarantee loan for the Harland & Wolff shipyard in Belfast.

  • Tuesday, July 23rd 2024 - 18:43 UTC

    IMF and IDB to boost Paraguay's sustainable development initiatives

    Goldfajn (R) and Georgieva (L) highlighted Paraguay's progress after meeting with President Peña

    The Inter-American Development Bank (IDB) and the International Monetary Fund (IMF) announced this week in Asunción an increase in cooperation with Latin American and Caribbean countries regarding environmental initiatives and sustainable development.

  • Monday, July 22nd 2024 - 21:02 UTC

    Brazilian flying taxi model launched

    The estimated range is 100 kilometers, due to which it will be limited to urban transport, at least in the early stages

    A subsidiary of Brazilian aircraft manufacturers Embraer launched this weekend in Gavião Peixoto, in the State of São Paulo, the full-scale prototype of the new flying taxi, which was introduced during the 45th edition of the Farnborough Airshow in England. According to Eve, the company behind this development, the eVTOL model represents a leap in urban aerial mobility which will transform cityscapes by 2026.

  • Monday, July 22nd 2024 - 19:54 UTC

    Paraguay's first 30 electric buses to be delivered this year

    “We are working on the technological software,” Deputy Minister Fernández explained

    The first 30 electric buses of Asunción's public network will be operational before the end of 2024, Deputy Transport Minister Emiliano Fernández announced Monday after a meeting with experts from the Taiwanese company building the vehicles. President Santiago Peña has pledged that 1,000 of these units would become available shortly.

  • Monday, July 22nd 2024 - 11:37 UTC

    European Central Bank leaves rate unchanged, waiting for September data

    ECB president Christine Lagarde said 2024 would be a year of “muted growth, accompanied by heightened uncertainty,”

    The European Central Bank (ECB) left its main interest rate unchanged at 3.75%, but president Christine Lagarde indicated that an interest rate cut is possible at its next meeting in September. However in her media conference following last Thursday announcement warned that risks to growth persist.

  • Monday, July 22nd 2024 - 10:11 UTC

    IMF Chief visits Paraguay's tourist attractions

    Georgieva visited the Itapú Hydroelectric Plant on her day as a tourist in Paraguay

    International Monetary Fund Managing Director Kristalina Georgieva Sunday visited the Itaipú Hydroelectric Power Plant and other Paraguayan tourist attractions before starting a series of engagements in the South American country this week. Her agenda includes encounters with government officials, women leaders, and representatives of civil society and the private sector. Georgieva underlined Paraguay's stability and Itaipú's role in this achievement.

  • Monday, July 22nd 2024 - 08:24 UTC

    Bolivian gov't planning new moves to tackle soaring US dollar

    Cusicanqui believes that a trade surplus should result in more US dollars available

    The Bolivian Government of President Luis Arce Catacora is taking bold steps to keep the exchange rate between the local currency and the US dollar from soaring any further, Planning Minister Sergio Cusicanqui said Sunday. “In view of the speculative scenario of the US currency, it is necessary to examine what is happening and take other measures from the Government,” the minister explained.