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MercoPress, en Español

Montevideo, August 24th 2025 - 08:46 UTC

Argentina

  • Saturday, August 16th 2025 - 10:55 UTC

    YPF case: NY Court of Appeals rules in favor of Argentina

    The stay is limited solely to the June 30 surrender order from Judge Loretta Preska

    The Second Circuit Court of Appeals in New York has suspended a lower court's order that required Argentina to transfer 51% of its shares of the state oil company YPF to a New York bank. This overruling of Judge Loretta Preska's Sept. 2023 order is a significant win for Buenos Aires, as it allows the South American country to appeal the $16 billion judgment without having to surrender a key state asset

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  • Saturday, August 16th 2025 - 10:30 UTC

    Uruguay interested in increased Paraguayan barge traffic

    There is a longstanding rivalry between Uruguayan and Argentine ports to handle Paraguayan cargo

    Uruguay is in talks with Asunción to improve the flow of Paraguayan barge fleet – the world's third-largest – through the port of Montevideo. In addition, extra berths have been requested at the port of Nueva Palmira.

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  • Friday, August 15th 2025 - 10:53 UTC

    Fentanyl scandal splashing Milei's rivals leading up to midterms

    Fentanyl is between 50 and 100 times more potent than morphine

    The death toll from contaminated medical fentanyl in Argentina has been updated to 100 people, with the Libertarian government publicly blaming HLB Pharma Group S.A., and its owner, Ariel Garcia Furfaro, for it.

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  • Friday, August 15th 2025 - 09:59 UTC

    Argentine prosecutor charges President Javier Milei over threats and defamation against journalist

    Mengolini’s lawyer, Juan Grabois, said the investigation involves the alleged use of public funds “to finance a para-state psychological terrorism network”

    Argentine President Javier Milei has been formally charged in a case investigating the dissemination of a fake pornographic video generated with artificial intelligence depicting journalist Julia Mengolini, along with threats and harassment against her on social media.

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  • Thursday, August 14th 2025 - 10:18 UTC

    Argentina's inflation in July stands at 1.9%

    There is not enough cash in circulation to validate widespread increases

    Argentina's Consumer Price Index (CPI) rose 1.9% in July, bringing the year-on-year inflation to 36.6% and the year-to-date figure to 17.3%, according to a report from the National Institute of Statistics (Indec) released Wednesday in Buenos Aires. This marks the third consecutive month with a monthly inflation rate below 2%, a trend not seen since late 2017.

  • Wednesday, August 13th 2025 - 20:48 UTC

    Uruguay's Salto more expensive than Argentina's Concordia across the border

    The UCU's research found the gap to have grown again, albeit still far from previous years' sharp differences

    A study by the Catholic University of Uruguay's (UCU) Economic Observatory on the Salto Campus released this week showed that goods were once again much less expensive in Argentina. However, the difference was not as large as in previous years.

  • Wednesday, August 13th 2025 - 10:34 UTC

    Argentine SMEs losing ground to imports

    Suspensions, early vacations, and layoffs were reported on the rise

    A report by the SME Observatory Foundation (FOP) warned that one-third of Argentina's small and medium-sized industrial enterprises (SMEs) were losing market share to imports. The study, which surveyed 407 companies, found that 45% of SMEs feel a growing threat from imported goods, the highest level since 2007.

  • Wednesday, August 13th 2025 - 09:58 UTC

    Argentina's Navy interested in Italian and Danish frigates

    Argentina's Navy seeks to fill the gap left by the recent decommissioning of various units

    Argentina's Navy is considering modernizing its fleet with units from Denmark and Italy, it was reported this week in Buenos Aires.

  • Wednesday, August 13th 2025 - 09:47 UTC

    Argentina: July's CPI projected below 2%

    Analysts believe that a significant rise in the rate between the US dollar and the Argentine peso did not have a major impact on prices

    According to the Market Expectations Survey (REM) from Argentina's Central Bank (BCRA), which collects projections from consulting firms and research centers monthly, inflation in July is expected to be 1.8%, a slight increase from June's 1.6%. This figure is foreseen despite the dollar rising 14% during the same month.

  • Tuesday, August 12th 2025 - 10:56 UTC

    Netanyahu's detention in Argentina requested

    Netanyahu reportedly plans a trip to Argentina between Sept. 7 and 10

    Argentina's Association of State Workers (ATE) and the organization H.I.J.O.S., grouping descendants of victims of the 1976-1983 military dictatorship, have filed a formal complaint with a federal court against Israeli Prime Minister Benjamin Netanyahu for “genocide” and “war crimes” against the Palestinian people. They also requested his arrest next month when he visits the South American country.