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MercoPress, en Español

Montevideo, June 21st 2026 - 05:10 UTC

Economy

  • Monday, July 4th 2022 - 22:09 UTC

    Argentina's new Economy Minister sworn in

    Batakis thanked CFK but not Alberto Fernández for her appointment

    Argentina's newly-appointed Economy Minister, Silvina Batakis, made a brief statement to the press minutes after taking her oath of office, during which she vowed to stay on the present course of action left behind by her predecessor Martín Guzmán, who resigned Saturday.

  • Monday, July 4th 2022 - 20:43 UTC

    No more foreign players for Argentine football clubs due to US dollar crisis

    Argentina's Central Bank has frozen money wirings abroad thus preventing clubs from hiring players from foreign clubs

    Argentina's current economic crisis is taking its toll on football. Transactions involving foreign players who were about to be hired by local clubs have been put on hold after local clubs have been rendered unable to have access to the amount of US dollars needed for the deal to go through.

  • Monday, July 4th 2022 - 10:43 UTC

    Alberto Fernández picks Silvina Batakis as new Economy Minister

    Batakis' resumé includes various positions within the Buenos Aires provincial administration since 1992.

    Argentine President Alberto Fernández chose Silvina Batakis as the new Economy Minister following the resignation of Martín Guzmán during the weekend, a move which has prompted a rise in the informal exchange rate between the local peso and the US dollar, thus fueling already seemingly unstoppable inflation.

  • Sunday, July 3rd 2022 - 14:26 UTC

    Argentine Economy Minister resigns, President's fate at stake

    Guzmán's resignation fueled inflation and left President Fernández on the brink of an early departure

    Martín Guzmán has turned in his resignation Saturday as Economy Minister of Argentina, dealing with what many regards as a coup de grace to the administration of President Alberto Fernández, amid rampant inflation and growing popular discontent following additional restrictive measures regarding imports and the purchase of hard currency (namely US dollars) for transactions abroad, where the local peso carries no weight.

  • Saturday, July 2nd 2022 - 10:09 UTC

    Chile's gov't aims to tax the wealthiest and the mining companies

    Less than 3% of taxpayers will pay more taxes, and less than 97% will not pay more taxes, Minister Marcel explained

    The administration of Chilean President Gabriel Boric Font Friday moved on with its initiative to introduce a revolutionary tax reform, which targets the wealthiest 3% of the population and the large copper mining companies.

  • Friday, July 1st 2022 - 22:45 UTC

    Lacalle arrives in Colombia to meet Duque but not Petro

    Luis Lacalle Pou will not be meeting President-elect Gustavo Petro, who is off to Europe on a short holiday before taking office next month

    Uruguay's President Luis Lacalle Pou landed late Thursday local time at Bogotá's Eldorado international airport, where he was welcomed by Deputy Foreign Minister Francisco Echeverri.

  • Friday, July 1st 2022 - 10:35 UTC

    Argentina insists Malvinas negotiations with UK are essential if bilateral relations are to advance

    Boris Johnson and president Fernandez during their tête-à-tête meeting in Baviera on the margins of the G7 summit

    On a few occasions and at such level, has Argentina had the opportunity to say that if the relation between Argentina and UK is to increase, first we must address the Falklands/Malvinas question, otherwise “that relation will not advance”.

  • Friday, July 1st 2022 - 09:53 UTC

    Ecuadorian gov't and indigenist protesters reach agreement to lift strike

    “We have always said that politics should serve to bring out the best in everyone,” Lasso said

    The Ecuadorian administration of President Guillermo Lasso and indigenist demonstrators have agreed to lift the current series of protests following a cut in the price of fuel, it was reported in Quito.

  • Thursday, June 30th 2022 - 19:58 UTC

    Chile reducing unemployment, albeit slowly

    In Santiago's Metropolitan Region the unemployment rate for the quarter reached 8.3%, a decrease of 3.1 points over twelve months

    Chile's National Institute of Statistics (INE) Wednesday released a report showing a 7.8% unemployment rate for the March/May 2022 quarter, a 0.1% turn for the worse when compared to the February-April period, although, overall, nearly 96% of the jobs lost during the COVID-19 pandemic have been recovered.

  • Wednesday, June 29th 2022 - 23:39 UTC

    Uruguayan peso keeps growing against US dollar

    When measured in US dollars, internal costs in Uruguay are also on the rise: utilities, labor, taxes, and freight

    While the Argentine peso keeps losing ground against the US dollar, just the opposite is going on across the River Plate, where the Uruguayan currency is stronger every day, having undergone a 12.4% appreciation so far this year.