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MercoPress, en Español

Montevideo, June 7th 2025 - 20:37 UTC

Stories for 2024

  • Thursday, November 7th 2024 - 10:25 UTC

    Brazil's Copom raises Selic rate to 11.25%

    The measure was expected after the US dollar began to rise against the local real

    The Monetary Policy Committee (Copom) of Brazil's Central Bank (BCB) Wednesday agreed unanimously to increase the economy's basic interest rate known as Selic by 0.5%age points to 11.25% per year, Agencia Brasil reported. The move was expected within financial circles given the recent rise in the exchange rate between the local real and the US dollar which provided for an inflationary context.

  • Thursday, November 7th 2024 - 10:13 UTC

    Argentina's beef exports hit new records

    Only 30% of Argentina's production was for domestic consumption

    Beef exports from Argentina between January and September 2024 totaled US$ 2.122 billion, thus reaching its highest performance in the last 57 years, according to a report from the Economy Ministry's Agriculture, Livestock, and Fisheries Secretariat released Wednesday in Buenos Aires. Sales abroad amounted to 699,987 tons, it was also explained.

  • Thursday, November 7th 2024 - 09:12 UTC

    Argentina's aviation industry nearing decisive hours

    The Libertarian Administration would not hesitate to scrap the flag carrier if passengers are repeatedly put through recurrent hardships

    The Libertarian Administration of President Javier Milei gave aviation unions until Friday to work out their discrepancies or otherwise Aerolíneas Argentinas was to be shut down given the number of hardships passengers at various airports, particularly Ezeiza and Jorge Newbery in Buenos Aires, are going through.

  • Thursday, November 7th 2024 - 07:20 UTC

    AgroAlba MOU signed in Caracas

    AgroAlba will allow us to guarantee food for our peoples, Arreaza insisted

    The Governments of Venezuela and St Vincent and the Grenadines signed Wednesday the AgroAlba Memorandum of Understanding in Caracas. The multilateral initiative is an integration mechanism within The Bolivarian Alliance for the Peoples of Our America - People's Trade Treaty (ALBA-TCP) seeking to foster productive investment and strengthen food sovereignty through the promotion of sustainable development, Venezuela's Foreign Minister Yván Gil explained.

  • Wednesday, November 6th 2024 - 21:25 UTC

    World leaders congratulate Trump on his win - still not Harris

    Trump declared victory early Wednesday and announced that America's golden age lay ahead

    While leaders from the world over have congratulated Republican candidate Donald J. Trump on his electoral win on Tuesday which has earned him a second 4-year term at The Oval Office, Vice President Kamala Harris is yet to acknowledge defeat, as is customary in these cases. Perhaps Trump himself was the only one to break that tradition four years ago when rumors of vote count-rigging still gave him hope against Joseph Biden.

  • Wednesday, November 6th 2024 - 19:37 UTC

    Slight increase in Uruguay wool exports, with a timid comeback of China, but overall outlook remains depressive

    SUL indicates that with three months left, in 2024, there seems to be a modest, very modest advancement of the market, which anyhow remains quite depressing.

    In the first ten months of this year, Uruguayan exports of ovine goods reached US$ 158.2 million which is 7% below the same period last year, according to the latest figures from the Uruguayan Wool Secretariat, SUL. This is a slight improvement from the two previous months when exports were 10% and 13%, less than the same period a year ago.

  • Wednesday, November 6th 2024 - 17:58 UTC

    Brazilian beef industry ready to fight EU deforestation law scheduled to become effective December 30

    Brazil has a traceability protocol to export to EU; the SISBOV system mandates individual identification and monitoring of cattle at least 90 days before slaughter

    As the deadline for the implementation of the European Union anti deforestation law, scheduled for next December 30, (even when it could be delayed), the powerful Brazilian cattle and meat industry is working on the presentation of a pilot traceability and monitoring project for the supply chain to present to the EU.

  • Wednesday, November 6th 2024 - 14:16 UTC

    Falkland Islands Legislative Assembly moves forward on Starlink and VSAT licensing reforms

    Further details on the proposed licensing changes and current requirements are available on the Communications Regulator's website

    The Falkland Islands Legislative Assembly has accepted a set of recommendations from the Telecommunications Select Committee, aimed at making internet access more affordable and accessible through adjustments to VSAT licensing fees and potential domestic tariffs for Starlink services. These proposals will now be reviewed by the Executive Council, with a response expected within six months.

  • Wednesday, November 6th 2024 - 10:50 UTC

    No stopping Trump's way back into White House

    Trump was spending the night at his Mar-a-Lago residence before his victory is confirmed (Pic Reuters)

    Although there was still no official confirmation, the Republican camp was preparing in the wee hours of Wednesday for what appears to be Donald Trump's unstoppable march back onto the White House following victories in key swing states such as Arizona, Michigan, and Wisconsin. Even the pro-Kamala Harris outlet The New York Times reckoned Trump's victory chances stood at “over 95%.”

  • Wednesday, November 6th 2024 - 09:43 UTC

    Delgado and Orsi to hold presidential debate on Nov. 17

    It will be the second eristics duel since it was made mandatory by law

    Uruguay's Presidential candidates Álvaro Delgado and Yamandú Orsi will be debating on Nov. 17, one week before the runoff, it was announced Tuesday in Montevideo. The eristics duel will be split into five blocks, it was also agreed by the two campaign teams.