Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 1st 2025 - 14:36 UTC

Stories for April 2025

  • Saturday, April 5th 2025 - 10:30 UTC

    Argentine financial markets record setback after Milei's failed mission

    With Milei's political backing on a slide, signs from Washington further deepened the president's plight

    Argentine financial markets experienced a sharp decline Friday amid the global economic storm triggered by a trade war between the U.S. and China following President Donald Trump’s tariffs spree. The market downturn, compounded by a nearly 7% drop in oil prices and a 10-year U.S. rate at 3.87%, reflects fears of a global economic setback, prompting expectations of Federal Reserve rate cuts.

  • Saturday, April 5th 2025 - 10:13 UTC

    Chile owes “a lot” to Isabel Allende, says Boric

    “I have full certainty of her integrity,” Boric underlined

    Chilean President Gabriel Boric Font said Friday that his country owed “a lot” to disgraced former Senator Isabel Allende, the daughter of former President Salvador Allende, who died during Augusto Pinochet Ugarte's military uprising on Sept. 11, 1973.

  • Saturday, April 5th 2025 - 10:09 UTC

    Trump's measures make dollar rise in Brazil

    Emerging markets such as Brazil were hit hard by developments in the US

    The quotation between the Brazilian real and the US dollar rose Friday to US$ 1 / R$ 5.83 after China announced retaliatory 34% surcharges against US President Donald Trump's tariffs, which fueled fears of a global recession, triggering turbulence in financial markets.

  • Saturday, April 5th 2025 - 09:44 UTC

    Guidelines set for Brazilian First Lady's expenses

    Janja's actions must adhere to public administration principles, the AGU determined

    Brazil's Federal Attorney General's Office (AGU) issued an opinion Friday defining guidelines for the role of the president’s spouse, specifically addressing First Lady Rosângela da Silva (Janja) and her expenses.

  • Saturday, April 5th 2025 - 09:33 UTC

    Paraguayan President admits middle class needs help too

    “The poor and the rich were the ones who registered the highest growth rates, but not the middle class,” Peña noted

    Paraguayan President Santiago Peña Friday emphasized his administration’s commitment to supporting the middle class, a group he believes has been overlooked by past policies favoring either macroeconomic stability for businesses or targeted aid for the poor.

  • Saturday, April 5th 2025 - 09:12 UTC

    Macri distances himself from Milei

    We have not been able to make Milei understand the importance of institutionality, Macri underlined

    Former Argentine President Mauricio Macri (2015-2019), whose support was pivotal in the 2023 runoff between Javier Milei and Sergio Massa, further distanced himself Friday from the Libertarian administration during his appearance at the Latin Annual Meeting in Punta del Este, Uruguay.

  • Friday, April 4th 2025 - 20:55 UTC

    Orsi tells businessmen about Uruguay's strengths

    “We have been able to untie the hardest knots through strategies of good dialogue,” Orsi explained

    Uruguayan President Yamandú Orsi Friday underscored his country's strengths, such as legal certainty, reliability in keeping commitments, and a tradition of resolving challenges through dialogue. He made those remarks during the Latin Annual Meeting business forum in the department (province) of Maldonado. Also attending the event were former Presidents Julio María Sanguinetti of Uruguay and Vicente Fox of Mexico, who also spoke at the event.

  • Friday, April 4th 2025 - 20:34 UTC

    Sino-Uruguayan bio-nano-pharma lab launched in Montevideo

    We hope to cooperate as expected, Mombrú said

    Uruguay and China launched Thursday a Joint Laboratory in Montevideo for bio-nano-pharma to advance scientific innovation. The initiative is a collaboration between Uruguay's University of the Republic (Udelar) and China's Qingdao University.

  • Friday, April 4th 2025 - 10:55 UTC

    Treason charges filed against Milei for April 2 speech

    Milei was said to have dropped Argentina’s sovereignty claims over the Falklands/Malvinas Islands

    Argentina's National Confederation of Malvinas Combatants filed a criminal complaint against President Javier Milei for treason, violation of public official duties, and abuse of authority. The case is to be heard by Buenos Aires City Federal Court # 2 under Judge Sebastián Ramos.

  • Friday, April 4th 2025 - 09:47 UTC

    Milei says negotiations for zero tariffs with US under way

    Argentina will comply with Trump's requirements for reciprocal tariffs, Milei underlined

    Argentine President Javier Milei said during a Conservative event in Florida that his country was negotiating with Donald Trump's administration a zero-tariff deal on approximately 50 export products, aiming for a potential Free Trade Agreement (FTA) shortly. Milei's remarks came after the Republican leader slapped a 10% tariff on all Argentine goods as part of a broader protectionist policy.