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MercoPress, en Español

Montevideo, May 22nd 2025 - 14:22 UTC

Economy

  • Wednesday, December 13th 2023 - 10:58 UTC

    Thumbs up from the IMF to Argentina's policy changes

    Georgieva said Toto Caputo's measures were “an important step toward restoring stability and rebuilding the country's economic potential”

    After Argentina's Economy Minister Luis Toto Caputo announced Tuesday in Buenos Aires a series of measures to tackle inflation, the Communications Director of the International Monetary Fund (IMF) Julie Kozack said in a statement that “these strong initial actions aim to significantly improve public finances in a way that protects the most vulnerable in society and to strengthen the exchange rate regime.”

  • Wednesday, December 13th 2023 - 10:56 UTC

    Spotify not leaving Uruguay after all

    The new decree clarified some legal loopholes, Delgado explained

    Uruguayan President Luis Lacalle Pou Tuesday signed a regulatory decree regarding current regulations, which allows the music-streaming platform Spotify not to leave the country in February as previously announced.

  • Wednesday, December 13th 2023 - 10:41 UTC

    Paraguay's growth projected at 3.8% for 2024

    “Conditions have improved in 2023 and the outlook for 2024 is favorable,” Carvallo stressed

    Paraguay's economy is expected to grow 3.8% in 2024, according to a report from the South American country's Central Bank (BCP) released Tuesday in Asunción. The document also pointed out it would be the highest economic growth in the region next year.

  • Wednesday, December 13th 2023 - 10:30 UTC

    PM Sunak convinces Parliament to approve his “Safety of Rwanda” bill

    “The British people should decide who gets to come to this country, not criminal gangs or foreign courts,” Sunak said after the controversial bill passed.

    British PM Rishi Sunak and his 'stop the boats' policy managed a crucial vote when Parliament passed 313 to 269 on Tuesday the Safety of Rwanda bill, which intends to send asylum seekers and migrants to the African country.

  • Wednesday, December 13th 2023 - 10:26 UTC

    Panama Canal drought hitting world trade

    Things may get worse by February if water levels remain low

    Global trade through the Panama Canal is being severely disrupted by a drought affecting the man-made corridor, which could force shippers to choose other, more costly routes, it was reported. The historic waterway in Central America connecting the Pacific and Atlantic Oceans handles about 5% of international seaborne trade.

  • Wednesday, December 13th 2023 - 10:06 UTC

    New attempt to thwart trading of grains and oilseeds grown in South America's cleared forest land

    The move could bolster conservation for Brazil’s Cerrado, the world’s most bio-diverse savanna, most of which taken for commercial agriculture

    Mercosur and the European Union failed to sign the much-expected and long-awaited free trade and cooperation agreement during the South American block summit in Rio do Janeiro, mainly because of discrepancies over forestry and agricultural land. Brazilian President Lula da Silva said he was committed to signing the agreement with the EU, and will “not give up” until achieved but further hurdles could be in the way.

  • Tuesday, December 12th 2023 - 10:59 UTC

    Macri favors Mercosur single currency

    Dollarization has not been too good for Ecuador, Macri argued. A Mercosur currency would be better

    Former Argentine President Mauricio Macri said in Brazil he supported the idea of a single currency for all Mercosur countries because if the bloc was “serious” it needed “the same rules and the same currency, like the eurozone.”

  • Monday, December 11th 2023 - 10:33 UTC

    Cristina Kirchner makes a 'fuck you' and steals spotlight at Milei's inauguration

    Just before entering, she raised her hand and made a “fuck you” gesture, presumably in response to someone who had reportedly shouted “chorra” (thief) at her

    Despite not being the focal point of the day, former Vice President Cristina Fernández de Kirchner stole the spotlight during Javier Milei's inauguration as the new President of Argentina, with a series of gestures that drew attention. Among them was a particularly unusual move as she entered the National Congress at noon.

  • Monday, December 11th 2023 - 09:42 UTC

    Argentina to reapply for OECD membership

    The process could take years, Mondino said

    Argentina's new Foreign Minister Diana Mondino confirmed that her country would resume the process of joining the Organization for Economic Cooperation and Development (OECD), which had been initiated under President Mauricio Macri (2015-2019) but was dropped during the Alberto Fernández years (2019-2023).

  • Saturday, December 9th 2023 - 11:00 UTC

    Singapore signs free trade agreement with Mercosur at the Rio summit

    Minister for Foreign Affairs Dr Vivian Balakrishnan with Alberto Fernández, Santiago Peña, Lula da Silva, and Luis Lacalle Pou, at the signing ceremony for the Mercosur-Singapore FTA in Rio

    The city-state of Singapore and a leading business and financial hub in Asia finally signed a free trade agreement with Mercosur during the South American countries summit held in Rio do Janeiro. It is Mercosur's first deal with a Southeast Asian nation.