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MercoPress, en Español

Montevideo, July 5th 2025 - 07:36 UTC

Economy

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

    Former Latin American presidents promote regional development

    It is crucial that we continue to work tirelessly, Wasmosy said during the event's opening ceremony

    At least 15 former Latin American presidents convened in Asunción for the two-day 2023 Latin American Forum of Ideas held at the South American Football Confederation's (Conmebol) Convention Center in Luque, Paraguay. The opening ceremony was attended by incumbent President Mario Abdo Benítez.

  • Wednesday, July 12th 2023 - 10:08 UTC

    Argentina: “Blue” dollar hits new record high

    Massa is regarded as someone who can bring on stability

    The “blue” (a euphemism for “black market”) dollar closed at AR$ 493 / AR$ 498 (buy / sale) Tuesday, hitting an all-time high following an AR$ 5 increase so far this week, it was reported in Buenos Aires financial circles. At some point Tuesday it reached AR$ 499.

  • Tuesday, July 11th 2023 - 08:29 UTC

    LatAm lures record foreign direct investment in 2022

    Brazil accounted for 40.7% of the FDI

    According to a report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) released Monday, Latin America and the Caribbean attracted a record volume of foreign direct investment (FDI) in 2022 with US$ 224.58 billion injected, which represented a 55.2% increase from 2021.

  • Saturday, July 8th 2023 - 11:05 UTC

    Inflation projections better than a month ago in Argentina

    Inflation projections better than a month ago in Argentina

    The Argentine Central Bank's (BCRA) monthly Market Expectations Survey (Relevamiento de Expectativas del Mercado - REM) for June released Friday forecasts inflation to reach 142.4% by the end of 2023. The study details the forecasts of institutions, companies, organizations, and specialists on the evolution of the main economic variables.

  • Friday, July 7th 2023 - 10:16 UTC

    Massa holds online meeting with Egypt's finance minister

    Massa (L) and Maait also stressed the importance of not resorting to “generic recipes” that do not distinguish the particular realities of each country

    Argentina's Economy Minister Sergio Massa held a working online meeting Thursday with his Egyptian counterpart Mohamed Maait to coordinate policies in multilateral spaces aimed at promoting the inclusive development of middle-income countries, taking into account the challenges posed by the new global financial architecture, it was reported in Buenos Aires. The two countries' relationship with the International Monetary Fund (IMF) was also discussed.

  • Friday, July 7th 2023 - 07:10 UTC

    Economic storm brewing in Falkland Islands rural sector; low wool prices and sales paralyzed

    Farmers Week reception Government House: RBA Chair Lewis Clifton (L) & HE the Governor Alison Blake RI) (Pic Gov House)

    There's an “economic storm” brewing in the Falklands' rural sector said Chair of the Rural Business Lewis Clifton on Wednesday night. At the Farmers Week Reception hosted by Governor Alison Blake, Mr. Clifton gave a speech and spoke to Penguin News about the problems farmers are facing because of climate change and other economic factors.

  • Thursday, July 6th 2023 - 09:53 UTC

    Higher economic growth, less inflation projected in Brazil

    Inflation below expectations stems from the appreciation of the Brazilian Real, Ipea said

    Brazil's Institute for Applied Economic Research (Ipea) has revised its forecasts and now foresees larger economic growth and smaller inflation this year, Agencia Brasil reported.

  • Wednesday, July 5th 2023 - 10:39 UTC

    Uruguayan exports drop again in June

    Sales to Argentina fell by 60%, the study showed

    Uruguayan overall exports fell sharply in June for the second straight month this year, as reported in Montevideo. The new decrease in foreign sales “was mainly explained by the negative variations in soybean and beef sales.”

  • Wednesday, July 5th 2023 - 10:32 UTC

    Bolivian leader in favor of switching from US dollars to yuan

    “Our region is seriously affected by the restrictions and regulations imposed by the US financial system,” Arce told the Mercosur summit

    Luis Arce Catacora, president of Bolivia, a Mercosur associate nation that has long been trying to become a full member of the bloc, said Tuesday during the 62nd Summit in Puerto Iguazú (Argentina) that it was time we “move[d] away from the [US] dollar to base ourselves on the [Chinese] yuan and strengthen our own currencies.”

  • Tuesday, July 4th 2023 - 10:55 UTC

    Argentina insists on local currency agreements within Mercosur

    “The use of local currencies in bilateral trade relieves the pressure on the use of reserves and on the exchange rate issue,” Massa argued

    Argentine Economy Minister Sergio Massa said Monday in Puerto Iguazú during a conference with his Mercosur peers on the opening day of the bloc's 62nd Summit in the province of Misiones, that “in order to strengthen intra-Mercosur trade, it is essential to consolidate local currency agreements among our countries.”