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MercoPress, en Español

Montevideo, April 4th 2025 - 02:49 UTC

Economy

  • Thursday, February 6th 2025 - 13:19 UTC

    EU juggling options for if or when Trump imposes tariffs

    Sefcovic said the EU's response would be firm

    Given US President Donald Trump's tariffs imposition spree that has already hit Mexico, Canada, and China, the European Union (EU) is considering retaliatory measures should these threats materialize. The European Commission is considering using the “anti-circumvention instrument” (ACI), which allows restrictions in response to coerci⁷ve trade actions by other countries.

  • Thursday, February 6th 2025 - 10:07 UTC

    Brazil: Coffee price expected to remain high

    On the New York Stock Exchange, the main contracts for Arabica coffee reached all-time highs

    The Brazilian Coffee Industry Association (ABIC) said it expects prices to continue rising in the coming weeks, at least until this year's harvest, which begins around April or May, due to recent adverse weather coupled with increasing global consumption boosted by exports to the newest customer: China.

  • Thursday, February 6th 2025 - 08:23 UTC

    Uruguay's inflation reaches 1.1% in January

    The interannual index fell within the Government's target range

    Uruguay's Consumer Price Index (CPI) went up 1.1% last month and 5.05% interannually, the National Institute of Statistics (INE) said in a report released Wednesday in Montevideo. Wednesday's figures represented a slight improvement for President Luis Lacalle Pou's administration after recording 1.53% in January 2024 for a 5.09% yoy.

  • Wednesday, February 5th 2025 - 11:43 UTC

    Tax collection above expectations in Paraguay

    Orué highlighted the 16 consecutive months of sustained increase

    Paraguay's National Directorate of Tax Revenues (DNIT) announced Tuesday that collection last month far exceeded expectations after posting a 9.1% yoy improvement. A DNIT report mentioned raking in ₲ 3.19 trillion (around US$ 405 million), which represented US$ 33.9 million more than in the same month of 2024.

  • Tuesday, February 4th 2025 - 19:38 UTC

    Uruguay's exports post 6% yoy increase

    Beef alone accounted for US$ 202 million worth of sales

    Uruguay's exports last month totaled U$S 912 million, according to a report released earlier this week in Montevideo by the Uruguay XXI Institute. Beef, cellulose, dairy products, and rice were the main items behind this achievement representing a 6% yoy increase.

  • Tuesday, February 4th 2025 - 13:25 UTC

    IMF tips inaccurate, Bolivia says

    The Bolivian Government is taking care of the economy, Montenegro claimed

    The Government of Bolivia stressed Monday that the International Monetary Fund's (IMF) devaluation and fiscal adjustment proposals were missing the target because they hinged on old data.

  • Tuesday, February 4th 2025 - 10:00 UTC

    Lula highlights Brazil's economic improvements

    Lula's message was read out by Congressman Carlos Veras

    Brazilian President Luiz Inácio Lula da Silva told Parliament vicariously Monday that his country was “less poor and with more income.” He made those remarks during the ceremony marking the opening of this year's Legislature. The session was chaired by the Senate's new Speaker Davi Alcolumbre (União Brasil-AP), who was chosen last Saturday. Also present were the Lower House's new frontman Hugo Motta (Republicans-PB), Supreme Federal Court (STF) Chief Justice Roberto Barroso, and various other cabinet members.

  • Tuesday, February 4th 2025 - 08:46 UTC

    Tariffs on Canada also postponed after Trump-Trudeau talks

    Trudeau had announced Canada's own 25% tariff on US goods in retaliation

    After agreeing with Mexico's Claudia Sheinbaum on a one-month pause for the imposition of 25% tariffs, US President Donald Trump reached an understanding Monday with Canadian Prime Minister Justin Trudeau, provided his northern neighbors acquiesced to a series of demands regarding border security, including higher spending on organized crime and drug trafficking fight, in addition to appointing an official specifically in charge of fentanyl, drug cartels, and terrorists. Under the new deal, Canada also agreed to launch a joint strike force to combat organized crime.

  • Tuesday, February 4th 2025 - 05:17 UTC

    FAO’s 80th anniversary to be celebrated during the Chinese Year of the Snake

    FAO Director-General QU Dongyu delivered a powerful message about the need for transformation within FAO and across global agri-food systems. 

    FAO Director-General QU Dongyu led the celebration of the Chinese Lunar New Year at the organization's headquarters in Rome marking the beginning of the Year of the Snake. The event carried special significance this year as it coincides with FAO’s 80th anniversary, prompting reflections on past achievements and future aspirations.

  • Monday, February 3rd 2025 - 19:28 UTC

    US tariffs on Mexico on hold after deal between Trump and Sheinbaum

    Trump was to speak later Monday with Trudeau. Hence, a similar measure in the Canadian case was not to be ruled out

    US President Doland Trump agreed Monday to put on hold for at least a month his decision to impose 25% tariffs on Mexican products after a conversation with his colleague Claudia Sheinbaum, during which new conditions were agreed upon.