Economy

Friday, March 6th 2026 - 15:41 UTC
Oil posts its biggest weekly jump since 2020 as the Iran war disrupts Hormuz

Oil became this week’s clearest barometer of the Middle East crisis, with Brent hovering near US$90 a barrel and WTI around US$87.5, putting both contracts on track for their biggest weekly advance since 2020. The same factor sits behind the surge: the de facto blockage of the Strait of Hormuz, through which roughly one-fifth of the world’s oil normally passes.
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Wednesday, March 4th 2026 - 22:50 UTC
Brazil completes its legislative process and ratifies the EU–Mercosur deal

Brazil’s Congress on Wednesday ratified the trade agreement between Mercosur and the European Union, completing the legislative step in the South American bloc’s largest economy. The Senate approved the treaty unanimously, after the lower house cleared the text last week, according to local reporting and wire-service coverage.
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Wednesday, March 4th 2026 - 13:27 UTC
Uruguay cuts policy rate to 5.75% after external shock, with inflation still below target

Uruguay’s Central Bank cut its benchmark policy rate by 75 basis points to 5.75%, from 6.5%, in a unanimous decision and the seventh consecutive reduction, as it weighed the market impact of the renewed Middle East conflict and a rebound in the U.S. dollar.
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Wednesday, March 4th 2026 - 13:04 UTC
Argentina hits oil output record on Vaca Muerta as Brent tops $80 on Iran war

Argentina posted its highest monthly crude output on official record in January, at a time when global energy markets are again under strain from the Iran–Israel–US conflict and renewed pressure on key supply routes.
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Wednesday, March 4th 2026 - 10:50 UTC
FIH Group sells Portsmouth Harbor Ferry Company for £11.6m.

The Portsmouth Harbor Ferry Company (PHFC), which takes passengers between Gosport and Portsea, was bought by the parent company of Collins River Enterprises – trading as Uber Boat by Thames Clippers – from Falkland Islands Holdings Group.
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Tuesday, March 3rd 2026 - 13:06 UTC
Uruguay activates Mercosur–Singapore FTA on a bilateral basis, opening preferential access to Southeast Asia

The Free Trade Agreement (FTA) between Mercosur and Singapore entered into force on a bilateral basis between Uruguay and the city-state on 1 March 2026, after both sides completed domestic procedures and deposited their instruments of ratification, according to a joint statement.
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Tuesday, March 3rd 2026 - 02:57 UTC
Paraguay central bank cuts rates as inflation runs below target

Paraguay’s central bank chief Carlos Carvallo says the country is dealing with a “nice problem”: inflation is converging to the official goal “from below,” an unusual pattern in the region that has prompted policymakers to start trimming interest rates to prevent price growth from staying too low.
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Tuesday, March 3rd 2026 - 02:42 UTC
Haddad says Iran conflict should not immediately hit Brazil’s economy

Brazil’s Finance Minister Fernando Haddad said on Monday that U.S. and Israeli attacks against Iran should not have an immediate impact on Brazil’s macroeconomic indicators, while cautioning that the conflict’s trajectory remains hard to predict and is being monitored “carefully” by his ministry.
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Monday, March 2nd 2026 - 06:11 UTC
Orsi’s first year in power: unemployment and crime fall, wages edge up, growth moderate in Uruguay

Uruguay’s President Yamandú Orsi is set to address the General Assembly on Monday to deliver a first-year account of his administration and outline priorities for the year ahead. Parliament scheduled the session for 18:30 at the Legislative Palace in Montevideo.
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Thursday, February 26th 2026 - 22:41 UTC
Uruguay and Argentina ratify the EU-Mercosur deal, leaving entry into force to Brussels

Uruguay and Argentina ratified on Thursday the trade agreement between Mercosur and the European Union, becoming the first founding members of the South American bloc to complete parliamentary approval. Whether the treaty begins to apply now hinges on decisions inside the EU, as a separate legal review process continues following moves in the European Parliament.º