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MercoPress, en Español

Montevideo, November 5th 2025 - 02:27 UTC

Economy

  • Monday, October 13th 2025 - 20:50 UTC

    Nobel Prize in Economics split into one and two winners respectively

    Mokyr was awarded half the prize, while Aghion and Howitt shared the rest (Photo: Royal Swedish Academy)

    The 2025 Nobel Prize in Economics has been awarded to three researchers for their work on innovation-driven growth: Joel Mokyr (economic historian, Dutch/Israeli/US citizen, working in the US), Philippe Aghion (French, working in France and London), and Peter Howitt (Canadian, working in the US), the Royal Swedish Academy of Sciences announced in Stockholm on Monday afternoon, local time, marking the end of this year's Nobel Prize season.

  • Monday, October 13th 2025 - 10:55 UTC

    Milei off to DC for meeting with Trump

    Milei is expected to arrive back in Buenos Aires on Wednesday at 8 am

    Argentine President Javier Milei is due in Washington, D.C., on Monday to meet with President Donald Trump at the White House the following day to ratify a strategic alliance between both countries following the recent financial bailout agreement.

  • Monday, October 13th 2025 - 10:29 UTC

    Chile's CPI grows 0.4% in September

    Chile is also the wealthiest country in Latin America in net financial assets per capita

    The Consumer Price Index (CPI) in Chile rose 0.4% in September, matching analyst expectations. This monthly increase caused the 12-month inflation rate to accelerate to 4.4%.

  • Monday, October 13th 2025 - 10:20 UTC

    Argentina clinging to floating US dollar, says Caputo

    Caputo also denied a devaluation after the Oct. 26 midterms

    Argentina's Economy Minister, Luis Toto Caputo, confirmed that the Government of President Javier Milei has ruled out dollarization and will maintain the current exchange rate band system, with a floating US dollar.

  • Monday, October 13th 2025 - 07:48 UTC

    Trump’s trade war has cemented Brazil’s place as the soybean superpower, says The Economist

    China’s embargo on American beans has created a seller’s market in South America. What would have been a glut from a bumper harvest has become a stockpile.

    They say no one wins a trade war. Certainly, there are fewer bigger losers than soybean farmers in the United States. Since May China, by far their biggest customer, has refused to buy a single bushel in retaliation for Donald Trump’s tariffs. The spat is ruining farmers in Illinois; Mr Trump is set to announce a US$10bn agricultural-relief package. It is also raising costs for crushers in China’s Shandong province, who press beans into animal feed and cooking oil. But there has been one big winner: soybean producers in Brazil. The rift between American farmers and their Chinese clients has let Brazil cement its place as the world’s soybean superpower.

  • Saturday, October 11th 2025 - 10:20 UTC

    Trump announces additional tariffs on Chinese products

    Trump's latest move caused US stock markets to plummet

    US President Donald Trump announced on Friday that he would be imposing 100% tariffs on China starting November 1 or sooner, accusing Beijing of a “hostile” trade stance related to rare earth mineral exports. The new surcharge will be piled on top of existing taxes (30%).

  • Friday, October 10th 2025 - 10:03 UTC

    US buys Argentine pesos to rescue Milei from “acute illiquidity”

    Bessent threw a lifeline to Milei's remaining two years in office

    US Secretary of the Treasury Scott Bessent announced on Thursday a currency swap with Argentina, whereby Washington would obtain pesos from the South American country in exchange for US$20 billion, following intensive meetings in Washington with Economy Minister Luis Toto Caputo.

  • Thursday, October 9th 2025 - 15:14 UTC

    Brazil finds other markets for its exports amid US restrictions

    Although Brazil's exports to the United States fell 20.3% yoy in September, growth in sales to other markets ensured record results, the South American country's Ministry of Development, Industry, Trade, and Services announced this week.

  • Tuesday, October 7th 2025 - 10:15 UTC

    Fitch improves Paraguay's grading, but still short of investment status

    “Paraguay continues to demonstrate its strength,” Peña stressed

    Fitch Ratings upgraded Paraguay's risk outlook on Monday from “Stable” to “Positive,” moving the country closer to achieving an investment-grade rating from the agency, although the overall grading remained at BB+.

  • Tuesday, October 7th 2025 - 10:11 UTC

    Argentine Economy Minister seeks help from Bessent and Georgieva

    An announcement is expected after Caputo's trip to Washington

    Argentine Economy Minister Luis Toto Caputo held key meetings on Monday in Wasdhington, DC, with US Treasury Secretary Scott Bessent and International Monetary Fund (IMF) Managing Director Kristalina Georgieva in search for a lifeline ahead of the Oct. 26 midterm elections when the ruling La Libertad Avanza (LLA) of President Javier Milei will seek to build political muscle to face the administration's remaining two years. A concrete announcement is expected from Caputo's meetings.