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MercoPress, en Español

Montevideo, July 5th 2025 - 07:45 UTC

Economy

  • Monday, July 17th 2023 - 11:05 UTC

    Micro and small businesses behind 69% of jobs in Brazil

    Medium and large companies tend to be more labor-saving in the long run, Décio Lima explained

    According to a study conducted by the Brazilian Micro and Small Business Support Service (Sebrae), micro and small businesses have been behind the creation of seven out of ten formal jobs nationwide, Agencia Brasil reported.

  • Saturday, July 15th 2023 - 10:52 UTC

    Falklands extends payment increases to all FIG grades

    The agreement ends a long dispute that started when the Falkland Islands Budget was announced and limited payment increases.

    Following representations from Falkland Islands Government Officers, Members of Legislative Assembly reconsidered their budget decisions to not award increments to officers in grades C-A and agreed in Executive Council on July 3 to extend the award to include the payment of increments to all grades.

  • Saturday, July 15th 2023 - 10:36 UTC

    Argentina: “Blue” dollar keeps going up

    Economists said the increase was to be expected

    The “blue” (an euphemism for “black market”) dollar kept soaring Friday against the Argentine peso, reaching AR$ 525 at some point but closing the week at AR$ 522, it was reported in Buenos Aires for an AR$ 31 increase in the last five days and AR$ 13 from Thursday.

  • Friday, July 14th 2023 - 10:50 UTC

    Ecuador short of rice, looks to Mercosur members as a potential supplier

    Colombia is the main rice supplier to Ecuador, with private companies opting to import to meet market demand

    Mercosur members have been added to Ecuador’s list of potential rice suppliers as the Andean country seeks to import rice to keep its stocks full, as they have been significantly depleted due to crop issues. Ecuador shortfall production could reach some 200,000 tons.

  • Friday, July 14th 2023 - 10:50 UTC

    IMF: Negotiations with Argentina continue; “no letter from China urging IMF to a quick solution”

    Kozack, “Our team has been working intensively with the Argentine authorities to make progress toward the completion of the fifth review.”

    Julie Kozack, Director of the IMF Communication Department held her weekly media conference and made some announcements referred to the current IMF/|Argentine negotiations. Ms. Kozack revealed that IMF/Argentina negotiations are ongoing, did not advance more details on possible closing dates and denied the existence of a letter from Chinese officials urging a quick solution to the Argentine case. Such as information was leaked in Argentina by government sources. Finally Ms Kozack anticipated that IMF officials and staff will be on holidays beginning July 31st until 11 August.

  • Friday, July 14th 2023 - 10:19 UTC

    Argentina: “Blue” dollar keeps soaring, June's inflation 6%

    The highest increase this year was in Communications (10.5%), as a result of the increase in telephone and Internet services

    The “blue” (a euphemism for “black market”) dollar hit another record Thursday in Argentina, closing at AR$ 512 / US$ 1, for a total increase of AR$ 166 so far this year which represented a 48% rise since closing 2022 at AR$ 346, it was reported in Buenos Aires. The gap between the informal dollar and the official exchange rate stands at 93.7%.

  • Thursday, July 13th 2023 - 10:56 UTC

    Argentina: “Blue” dollar pierces AR$ 500 barrier

    Meanwhile, Massa held a working meeting with senior executives of firms associated with the Japan Business Federation (Keidanren)

    The “blue” (a euphemism for “black market”) dollar Wednesday pierced the AR$ $500 barrier and set a new record high, it was reported in Buenos Aires. Meanwhile, the official exchange rate also went up despite the Central Bank (BCRA) selling some of its reserves.

  • Wednesday, July 12th 2023 - 21:06 UTC

    China extends financial measures for the battered real estate to the end of 2024

    Measures are part of the 16-policy support package announced in November 2022, which also includes support for embattled property firms and the rental market

    China's top financial regulators announced this week that financial support measures for qualified real estate developers, taken in November 2020, will be extended through the end of 2024, in order to continue to guide more financial support for firms and to ensure deliveries of homes.

  • Wednesday, July 12th 2023 - 20:39 UTC

    Brazilian June inflation reaches record low; interest rate fall anticipated in August

    The annual inflation rate is now below the bank’s 3.25% target for this year while underlying measures of inflation also saw drops on the month.

    Brazil’s annual inflation released on Tuesday showed consumer prices rose 3,16% year to year, down from 3,94% in May. This means annual inflation has dropped from the 12,13% peak in 2022 clearing the way for the central bank to begin cutting interest rates at its next meeting.

  • Wednesday, July 12th 2023 - 10:22 UTC

    Number of Brazilians in debt on the rise

    For CNC President José Roberto Tadros, the Brazilian economy is going through a scenario of growing debt and default

    According to the monthly Consumer Indebtedness Survey (Peic) from the Brazilian National Confederation of Commerce of Goods, Services, and Tourism (CNC) released Tuesday, 78.5% of the families in South America's largest economy are indebted and behind in their payments, Agencia Brasil reported.