Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 22nd 2025 - 08:18 UTC

Economy

  • Monday, January 22nd 2024 - 10:59 UTC

    SME industries plummet in Argentina

    In December, 53.4% of Argentina's SMEs reported difficulties replenishing stocks, especially in the procurement of raw materials and inputs

    The Argentine Confederation of Medium-Sized Companies (CAME) released a report in Buenos Aires during the weekend saying industries from those companies had shrunk by 26.9% in December last year from the same month in 2022, amid a presidential changeover and growing uncertainties. The activity closed last year with an accumulated drop of 2.6%.

  • Friday, January 19th 2024 - 10:17 UTC

    Foreign Ministers of Brazil and China holding key talks

    Wang Yi and Vieira are to meet again Friday

    China's Foreign Minister Wang Yi held a meeting in Brasilia on Thursday with his Brazilian counterpart Mauro Vieira and President Luiz Inácio Lula da Silva's special advisor Celso Amorim to discuss trade and cooperation between the two countries, it was reported. Wang Yi and Vieira are to meet again Friday for the signing of a series of agreements after which they will be issuing a joint statement to the press, it was also explained.

  • Friday, January 19th 2024 - 10:10 UTC

    Paraguay's BCP confirms CPI in 2023 within target range

    Paraguay ranked behind Ecuador, Bolivia, and Peru

    Paraguay's Central Bank (BCP) Thursday released a report showing that the Consumer Price Index (CPI) for 2023 was 3.7%, making it the fourth lowest in South America in addition to falling within the target range (3.8%). It also meant a decrease from 2022's 8.1%.

  • Thursday, January 18th 2024 - 21:13 UTC

    Argentina: Record highs in parallel dollar rates as the country grapples with economic challenges

    While the wholesale dollar rises by only 70 cents to $819.30, the dynamic “blue” dollar or parallel rate was around $1,240, near its intraday nominal peak of $1,250, presenting a 51.4% gap

    The strength of the dollar in alternative markets is once again exerting pressure on financial dealings on Thursday, with the exchange rate gap reaching 60%, posing challenges to President Javier Milei's economic plan amidst soaring inflation and increasing poverty.

  • Thursday, January 18th 2024 - 10:59 UTC

    Milei holds “very good” meeting with Georgieva

    Milei and Georgieva met for 25 minutes

    Argentine President Javier Milei said his 25-minute meeting Wednesday with International Monetary Fund (IMF) Managing Director Kristalina Georgieva at the World Economic Forum was “very good” after a verbal agreement was reached last week between the credit agency and the South American country. It was the first time that Milei and Georgieva saw each other face to face.

  • Thursday, January 18th 2024 - 10:47 UTC

    Javier Milei warns WEF that Western civilization “is in danger”

    “Capitalism is the only tool we have to end hunger and poverty on the planet,” Milei argued

    Argentine President Javier Milei Wednesday warned global leaders at the World Economic Forum in Davos, Switzerland, that the Western civilization was in peril as it was plunging into socialism and neomarxism. His remarks drew mixed reactions: While his Libertarian followers were elated to hear him say that there, others could simply not believe their ears, some of them through an interpreter because Milei spoke in Spanish.

  • Thursday, January 18th 2024 - 10:34 UTC

    Argentine province to have its own currency

    “The [federal] Government forces us to do this because of the cruelty of the adjustment,” Quintela said

    The Argentine province of La Rioja's legislature Wednesday approved the issuance of a quasi-monetary unit to pay the public workers' salaries as budgetary restrictions from the federal government begin to be felt.

  • Thursday, January 18th 2024 - 10:13 UTC

    Sierra Leone Ministerial Delegation expected this week in the Falklands

    Members of the Sierra Leone delegation headed by Minister Dugba which will address fisheries and cooperation issues

    The Falkland Islands Legislative Assembly is pleased to announce the upcoming visit of a delegation from the Sierra Leone Ministry of Fisheries and Marine Resources from the 18th to 23rd of January. Led by Mrs. Princess Dugba, the current Minister of Fisheries and Marine Resources, the delegation aims to explore potential avenues for collaboration and cooperation between Sierra Leone and the Falkland Islands in various critical areas of fisheries management and marine resources.

  • Wednesday, January 17th 2024 - 10:59 UTC

    Brazil imports fewer inputs; industrial crisis expected

    A drop in key imports is not a good sign, according to Murillo Barbosa

    According to a report published Tuesday by Folha in Sao Paulo, a trade imbalance at private ports would reflect dramatic conditions for the local industry. A deficit in the arrival of key inputs will sooner or later result in fewer products manufactured and the vicious cycle would then mean increasingly dwindling export revenues.

  • Wednesday, January 17th 2024 - 10:49 UTC

    Paraguay with positive trade balance and good news from Israel

    Israeli health authorities have authorized the shipment of bone-in beef from Paraguay, which is considered a historic event for the country and the sanitary conditions of its national herd.

    Land locked and Mercosur member Paraguay exports reached US$ 17,3 billion in 2023, according to the country's Central Bank International Trade Report. This represents a 24,8% increase in US dollars over a similar period a year before. The success is attributed to larger shipments of soybeans, rice and soy flour.