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MercoPress, en Español

Montevideo, November 22nd 2025 - 03:22 UTC

Economy

  • Thursday, October 30th 2025 - 11:38 UTC

    Fed lowers benchmark interest rate

    The Fed's decision was shadowed by the ongoing government shutdown

    Amid a softer labor market, the United States' Federal Reserve (Fed) voted Wednesday to cut its benchmark interest rate by 0.25 basis points, moving the target range to 3.75%–4%. This marks the lowest level in three years and continues the easing cycle dating back to last month.

  • Thursday, October 30th 2025 - 11:20 UTC

    Boric promotes Chile's partnership with South Korea

    Boric underscored Chile's robust institutions and shared values

    Chilean President Gabriel Boric Font urged his audience during a business seminar in the South Korean city of Busan to build a partnership in the ongoing trade war with circumstantially powerful countries.

  • Thursday, October 30th 2025 - 10:55 UTC

    Trump cuts down tariffs with China after meeting with Xi Jinping

    Trump will visit China in April, and Xi will reciprocate sometime after that

    US President Donald Trump announced a reduction in tariffs on Chinese goods following Wednesday's meeting in South Korea with his Chinese counterpart, Xi Jinping.

  • Wednesday, October 29th 2025 - 11:29 UTC

    Petrobras' output reaches 3.14 million barrels a day in 3Q of 2025

    FPSOs accounted largely for these new results

    Brazil’s state-run oil company Petrobras achieved an average production of oil, natural gas liquids, and natural gas of 3.14 million barrels of oil equivalent per day in the third quarter of 2025, or 7.6% more than in the second quarter of this year and 16.9% higher than in the third quarter of 2024.

  • Monday, October 27th 2025 - 10:55 UTC

    Lula and Trump make progress in Malaysian gathering

    Lula, who is turning 80 on Monday, stressed that “I have never felt so alive and so eager to live”

    Presidents Luiz Inácio Lula da Silva of Brazil and Donald Trump of the United States met this weekend in Kuala Lumpur, Malaysia, on the sidelines of the ASEAN summit. Both leaders agreed to lower economic tensions between their two countries. In addition, Lula volunteered to mediate with Venezuelan ruler Nicolás Maduro.

  • Saturday, October 25th 2025 - 10:32 UTC

    Argentine President meets with JP Morgan CEO

    Dimon, in Argentina on a regional tour, was briefed about the country's economic priorities

    Argentine President Javier Milei met on Friday in Buenos Aires with Jamie Dimon, the CEO of JPMorgan Chase, at a dinner hosted by the bank at the National Museum of Decorative Art, in a high-stakes gathering focused on securing international financial assistance.

  • Saturday, October 25th 2025 - 10:24 UTC

    Chilean consulates in Argentina in dire straits

    Ambassador Viera-Gallo acknowledged that 9 of Chile's 13 consulates had experienced financial “strains”

    A major financial shortfall has been reported at Chilean diplomatic missions in Argentina, with multiple consulates struggling to cover basic operating expenses, according to a communication sent from the Chilean Embassy in Buenos Aires to the Foreign Ministry in Santiago.

  • Thursday, October 23rd 2025 - 23:27 UTC

    Quirno chosen for Argentine FM post

    Quirno has long been a collaborator of Luis Toto Caputo

    President Javier Milei has named current Secretary of Finance Pablo Quirno as Argentina's next Foreign Minister, replacing Gerardo Werthein, the Office of the President (OPRA) confirmed in a statement on Thursday. The appointment, effective Monday, October 27, follows Werthein's resignation the day prior.

  • Thursday, October 23rd 2025 - 19:49 UTC

    Brazil and Indonesia highlight growing strategic partnership

    Lula and Subianto share a common view on many issues

    Presidents Luiz Inácio Lula da Silva of Brazil and Prabowo Subianto of Indonesia released a joint communiqué on Thursday in Jakarta, describing the progress of the strategic partnership between the two countries. The document also addresses cooperation at both the regional and multilateral levels.

  • Wednesday, October 22nd 2025 - 10:08 UTC

    Argentina: Dollar soars despite Central Bank and US Treasury interventions

    The “blue” dollar went up AR$25 from the previous day

    The Argentine financial market saw significant intervention by both the Argentine Central Bank (BCRA) and the US Treasury on Tuesday to prevent the wholesale dollar from piercing the ceiling of its official exchange band of AR$1,491. The BCRA sold US$45.5 million in reserves to cap the price.