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MercoPress, en Español

Montevideo, December 17th 2025 - 07:55 UTC

Economy

  • Tuesday, August 26th 2025 - 10:08 UTC

    Brazil and Canada to resume talks for FTA with Mercosur

    Brasilia and Ottawa issued a joint statement celebrating the initiative

    Brazilian authorities, exercising the pro tempore presidency of the Southern Common Market (Mercosur), and representatives from Canada are to resume talks about a Free Trade Agreement (FTA) that was initiated in 2018 but suspended during the Covid-19 pandemic.

  • Monday, August 25th 2025 - 21:14 UTC

    Chile halts poultry imports from Argentina due to avian flu

    This decision follows the detection at a facility in Los Toldos, Buenos Aires Province

    Chile's Agricultural and Livestock Service (SAG) has ordered the temporary suspension of chicken imports from Argentina due to an outbreak of “highly pathogenic avian influenza” (HPAI) at a commercial poultry facility in the neighboring country.

  • Monday, August 25th 2025 - 10:03 UTC

    One-person households on the rise in Brazil

    There are more men than women living alone

    The proportion of Brazilian one-person households has grown by 52% in 12 years, Agencia Brasil reported during the weekend. In 2024, 18.6% of households were inhabited by only one person. In 2012, this share stood at 12.2%.

  • Friday, August 22nd 2025 - 20:31 UTC

    Milei's govt hit by string of setbacks

    Milei foresees massive electoral fraud next month in the province of Buenos Aires

    Argentine President Javier Milei has been suffering a series of setbacks this week after the Lower House overturned his veto of the Disability Emergency Law, followed by a slumping trade surplus projection and a sharp drop in wholesale transactions amid mounting corruption scandals.

  • Friday, August 22nd 2025 - 10:30 UTC

    Grau becomes Chile's new Finance Minister

    “Our economy can generate more quality jobs,” Grau insisted

    Chilean President Gabriel Boric Font on Thursday appointed Nicolás Grau, previously the Economy Minister, as the new Minister of Finance, following Mario Marcel's resignation earlier in the day. Meanwhile, Álvaro García was chosen to replace Grau. Ignacia Fernández, former Undersecretary of Agriculture, took over as Minister of Agriculture in lieu of Esteban Valenzuela.

  • Friday, August 22nd 2025 - 10:19 UTC

    Brazil clinches beef export deal with Indonesia

    Indonesia is the fourth most populous market worldwide

    Brazilian meat producers have reached an agreement with Indonesian buyers to export beef from South America's largest country to the world's fourth-most populous nation, the Ministries of Agriculture and Foreign Affairs confirmed on Thursday. The export of live sheep (ewes, rams, lambs) to Algeria was also announced.

  • Thursday, August 21st 2025 - 20:22 UTC

    Marcel resigns as Chile's Finance Minister for personal reasons

    Marcel met with Boric and dodged reporters on his way out of La Moneda

    Mario Marcel on Thursday turned in his resignation as Chile's Finance Minister, just one day after Esteban Valenzuela left Agriculture. While Marcel's decision was reported to be due to strictly personal reasons, Valenzuela's departure just seven months from the end of President Gabriel Boric Font's term follows alliances ahead of this year's elections.

  • Thursday, August 21st 2025 - 19:29 UTC

    De Moraes' canceled credit card poses dilemma to Brazilian banks

    Not following US impositions could affect Brazilian banks' businesses abroad, but ignoring the STF could result in local penalties

    After the Banco do Brasil (BB) canceled Supreme Federal Court Justice Alexandre De Moraes' Master Card following instructions stemming from the United States' sanctions under the Magnitsky Act against the magistrate, South America's largest country's institutions were gripped by controversy.

  • Thursday, August 21st 2025 - 10:52 UTC

    Brazil exports benefit from Argentina’s economic rebound

    Trade is booming, 50% higher in the first half of 2025 compared to 2024, and despite the fact that presidents Jaiver Milei and Lula da Silva do not have a friendly relation

    The economic rebound of Argentina, under liberal president Javier Milei, has had a significant impact for Brazil, with auto and industrial machinery exports having increased more than 50% so far this year compared to similar period in 2024, points out O Globo news.

  • Thursday, August 21st 2025 - 10:36 UTC

    Stubborn inflation in UK, 3.8% in twelve months to July with air fares, fuel and food prices leading

    The Bank of England inflation target is 2%. Chancellor Rachel Reeves said that “there was more to do to ease the cost of living”.

    The U.K.’s annual inflation rate was higher than expected at 3.8% in July, according to data released by the Office for National Statistics (ONS) on Wednesday. Most economists had anticipated inflation would reach 3.7% in the twelve months to July, after it picked up to 3.6% in June, exceeding forecasts.