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MercoPress, en Español

Montevideo, May 23rd 2026 - 18:04 UTC

Economy

  • Wednesday, April 29th 2026 - 13:49 UTC

    UK government borrowing costs rise to their highest since 2008 financial crisis

    The yield on the 10-year gilt, climbed back above five per cent for only the third time since the Iran war broke out.

    The extent to which UK is exposed to the ongoing energy shock, as a consequence of the Iran war, and fears or rising inflation, was exposed by the British government’s borrowing costs that have risen to their highest level since the 2008 financial crisis.

  • Wednesday, April 29th 2026 - 13:46 UTC

    US/Iran war lifting oil prices, but benefiting countries such as Australia, Norway and Brazil

    The Brazilian Real has been among the best performing major currencies against the US dollar

    The US-Iran conflict has propelled currencies from energy-exporting countries into the limelight, with windfall profits from exports of oil, gas and metals helping them to outperform the US dollar.

  • Wednesday, April 29th 2026 - 02:02 UTC

    Argentina expects to raise $2 billion from privatizations this year, says Minister Caputo

    “We are carrying out privatizations and concessions. The plan is to wrap them up by year-end. This will generate revenue of $2 billion,” Caputo said

    Argentina's Economy Minister Luis Caputo announced on Tuesday that the state expects to raise around $2 billion before year-end through a package of privatizations and concessions of public companies, in what constitutes one of the pillars of President Javier Milei's economic program and a central commitment to the International Monetary Fund (IMF). The remarks were made at Expo EFI, the country's main economics and finance forum, on a day when the government took concrete steps on at least two of the most significant operations on its agenda.

  • Tuesday, April 28th 2026 - 19:20 UTC

    United Arab Emirates leaves OPEC amid energy crisis fueled by Iran war

    The United Arab Emirates was OPEC's third-largest producer, behind Saudi Arabia and Iraq, with output of 3.4 million barrels per day before the conflict with Iran

    The United Arab Emirates announced on Tuesday its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, in a decision taking effect on May 1 that constitutes one of the most significant blows to the oil cartel in its more than six decades of existence. The announcement comes amid the largest energy crisis in years, triggered by the closure of the Strait of Hormuz during the war between the United States and Iran launched on February 28, and on the eve of the OPEC meeting scheduled for Wednesday in Vienna.

  • Monday, April 27th 2026 - 15:00 UTC

    Brazilian platform to track commodity chains ahead of EU deforestation rules

    The EUDR is expected to have a greater impact in the coming years, given the growing trade ties between Mercosur and the European Union.

    A new Brazilian digital platform began operating on Monday to cross-check social and environmental data and support the tracing of commodity chains linked to deforestation, land conflicts and other rural violations.

  • Monday, April 27th 2026 - 14:40 UTC

    Argentine economy ministry secretary resigns over seven undeclared properties in Miami

    The investigation identified the companies Genova LLC and Waki LLC as the vehicles used to acquire the properties, located in Palm Beach county and Miami

    Argentine Economy Minister Luis Caputo on Sunday accepted the resignation of Infrastructure Coordination Secretary Carlos Frugoni, following a media investigation that revealed the official failed to declare to Argentine tax authorities seven apartments in the state of Florida, acquired through two limited liability companies incorporated in Delaware. Frugoni, who had been in the post for just four months, now faces a complaint for alleged illicit enrichment and malicious omission in his asset declarations.

  • Thursday, April 23rd 2026 - 12:28 UTC

    Latin America's largest investment bank targets Uruguay as regional hub after acquiring local HSBC unit

    Founded in 1983 in Rio de Janeiro, the group is present in Brazil, Argentina, Chile, Colombia, Mexico, and Peru

    Brazilian group BTG Pactual, Latin America's largest investment bank, is awaiting authorisation from Uruguay's Central Bank (BCU) to begin operating in the local financial market following its $175 million acquisition of HSBC Uruguay, agreed in July 2025. Group executives expect regulatory approval to come through by mid-year, allowing them to begin operations gradually in the second half of 2026.

  • Tuesday, April 21st 2026 - 13:41 UTC

    Milei trapped between inflation and growth: admits “not everyone is better off” but vows no course change

    For a president who has repeatedly stated that “inflation is always and everywhere a monetary phenomenon,” printing money for direct transfers to vulnerable groups is off the table

    Argentine President Javier Milei acknowledged for the first time that “not everyone is better off” under his government, but ruled out modifying his economic plan despite inflation that has accelerated for ten consecutive months, falling real wages and record household delinquency. “The chainsaw won't stop. We will tie ourselves to the ship's mast — we will not listen to the siren songs,” he said at the American Chamber of Commerce (AmCham) summit.

  • Friday, April 17th 2026 - 21:42 UTC

    Iran declares Hormuz “fully open” until ceasefire ends; Trump insists on keeping Iranian port blockade

    Despite the relief, normalizing traffic will take weeks. According to maritime intelligence firm Windward, at least 823 vessels remain trapped in the Persian Gulf

    Iran announced on Friday that the Strait of Hormuz will remain “fully open” to merchant shipping until the ceasefire with the United States expires next Wednesday. The decision, linked to the start of the 10-day truce between Israel and Lebanon announced by Trump on Thursday, triggered an immediate drop in oil prices of nearly 10% and strong relief across global markets.

  • Wednesday, April 15th 2026 - 22:12 UTC

    Trump says he will fire Powell if he stays past May as Senate stalls successor's confirmation

    Powell publicly linked the investigation to political pressure after receiving the first subpoena in January

    US President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell if he does not leave when his term expires on May 15. “Well then, I'll have to fire him,” Trump said in an interview on Fox Business. “I've held back firing him. I've wanted to fire him, but I hate to be controversial. I want to be uncontroversial, but he will be fired.”