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MercoPress, en Español

Montevideo, April 24th 2025 - 11:46 UTC

Stories for 2025

  • Monday, April 14th 2025 - 10:18 UTC

    CFK posts another “Che Milei” diatribe on X

    It is the Argentine people who will pay the price for your decisions, your arrogance, and your surrender, CFK told Milei in her posting on X

    Former Argentine President Cristina Fernández de Kirchner (CFK) Saturday published on X another issue of her “Che Milei” saga criticizing the incumbent head of State for his arrangements with the International Monetary Fund (IMF) and other credit agencies, foreseeing negative consequences for the country.

  • Monday, April 14th 2025 - 09:59 UTC

    Paraguay's economy grows strongly in February

    In addition, Paraguay recorded a foreign trade surplus in Q1 of 2025

    The Estimator of Business Figures (ECN) published by Paraguay's Central Bank (BCP) mentioned a 6% year-to-date sales increase and a 5.2% year-on-year rise compared to February 2024.

  • Monday, April 14th 2025 - 09:55 UTC

    Telefónica del Perú leaves the country amid bankruptcy proceedings

    The sale follows Telefónica's divestments in Argentina and Colombia

    Telefónica has sold its Peruvian subsidiary, Telefónica del Perú, to Argentine company Integra Tec International for approximately US$ 992,000, marking its exit from the Andean country after three decades. The sale, part of Telefónica's strategy to reduce Latin American exposure, follows divestments in Argentina and Colombia.

  • Saturday, April 12th 2025 - 10:50 UTC

    Mercosur FMs agree to expand exceptions to CETs

    The meeting was good, albeit tense in some environments

    Southern Common Market (Mercosur) foreign ministers meeting in Buenos Aires on Friday agreed to temporarily expand the National List of Exceptions to the Common External Tariff by up to 50 codes per member state in response to global trade tensions, following US President Donald Trump's barrage of import surcharges.

  • Saturday, April 12th 2025 - 10:49 UTC

    Lula enacts Reciprocity Law in reaction to Trump's tariffs

    With the new law, Brazil's Camex will have the power to apply proportionate retaliatory measures

    Brazilian President Luiz Inácio Lula da Silva enacted the so-called Reciprocity Law on Friday, whereby the federal government can react whenever countries or economic blocs create measures restricting Brazilian exports, be it in the form of surcharges or objections to the origin of the product. The measure is to be published in Monday's issue of the Diário Oficial da União (Federal Official Gazette).

  • Saturday, April 12th 2025 - 10:45 UTC

    Bolivia's YPFB seeks partner for promising gas field

    President Arce pointed out that the discovery supports the decision to explore historically neglected areas

    The State-run Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is advancing efforts to find an international partner to develop the Mayaya Centro gas field in La Paz, which has been deemed one of 2024’s top ten global discoveries in the sector.

  • Saturday, April 12th 2025 - 10:45 UTC

    South Georgia, new electronic permit system (EPS) for visitors next season

    A view of Grytviken, the capital of South Georgia

    The Government of South Georgia and the South Sandwich Islands has announced that it will launch a new electronic permit system (EPS) for visitors to the Territories in advance of the next tourist season, replacing the current system of levying landing fees by an individual visitor permit charge. The cost of a visitor permit will be set initially at £200.

  • Saturday, April 12th 2025 - 10:44 UTC

    WB and IDB pledge further funding for Milei's Argentina

    The IDB and WB announcements came after the IMF's Board approved a US$ 20 billion loan

    The World Bank (WB) announced Friday a US$ 12 billion financing package for Argentina over three years to support economic stabilization and reforms. Pending board approval, the initiative consists of several contributions as follows:

  • Saturday, April 12th 2025 - 10:35 UTC

    Bolsonaro hospitalized with severe abdomen pain

    Bolsonaro was admitted to a clinic due to complications from “the multiple surgeries I had to undergo after the attack I suffered in 2018,” he explained on X

    Former Brazilian President Jair Bolsonaro, aged 70, was hospitalized Friday in Rio Grande do Norte due to severe abdominal pain linked to ongoing complications from his 2018 campaign stabbing. Initially treated at a local hospital, he was later airlifted to Natal for further treatment. Rio Grande do Norte Governor Fátima Bezerra provided a helicopter for his transfer and ensured medical support.

  • Friday, April 11th 2025 - 22:54 UTC

    Argentina announces end of currency controls and introduces exchange rate band

    Economy Minister Luis Caputo said in a press conference at the Casa Rosada that the official exchange rate will now float between 1,000 and 1,400 pesos per US dollar

    The Argentine government announced today a sweeping overhaul of its foreign exchange regime, set to take effect on Monday, including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The move marks the beginning of what authorities are calling “Phase 3” of their economic program.