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MercoPress, en Español

Montevideo, July 5th 2025 - 07:39 UTC

Economy

  • Wednesday, June 21st 2023 - 10:59 UTC

    Chile's Central Bank cuts down growth projections

    Chile's economy will contract or, at best, grow at minimal levels this year

    According to the Chilean Central Bank's new projections, the South American country's economy will grow less than expected this year, it was reported Tuesday in Santiago.

  • Wednesday, June 21st 2023 - 04:34 UTC

    Short of US dollars, Argentina advances towards trading and hoarding in Yuan

    The fact that imports from China are paid in Yuan rather than dollars should help Argentina mitigate the loss of reserves in its central bank

    Argentina is increasing its use of Yuan to pay for imports from China, following the renewal and expansion of a currency swap agreement with Beijing. The use of the Chinese currency in bilateral trade amounted to 1.075 billion Yuan (US$ 150.5 million) in May this year. In the first ten business days of June, transactions worth 2.045 billion yuan ($286.3 million) were recorded, according to the Central Bank of Argentina Argentine Central Bank’s report on June 15.

  • Tuesday, June 20th 2023 - 10:00 UTC

    Bangladesh files formal request to join BRICS

    The note was filed after a meeting between Hasina and Ramaphosa in Geneva

    According to the Dhaka Tribune, the government of Bangladesh last week filed a note applying for membership to the BRICS bloc made up of Brazil, Russia, India, China, and South Africa. The application from Bangladesh, currently recognized as a “Friend of BRICS,” is expected to be discussed at the group's summit in South Africa in August.

  • Saturday, June 17th 2023 - 10:16 UTC

    Paraguay foreign trade rebounds in May, surplus of US$ 1,261 billion

    The Central Bank of Paraguay (BCP) reveals that exports in May 2023 reached a total value of US$ 7,174.9 million, marking a significant 26.9% increase

    The latest foreign trade report from the Central Bank of Paraguay (BCP) reveals that the country’s exports in May 2023 reached a total value of US$ 7,174.9 million, marking a significant 26.9% increase compared to the same month in the previous year.

  • Thursday, June 15th 2023 - 10:55 UTC

    Brazil: Haddad congratulates Congress and STF for better S&P ratings

    Haddad wants the Central Bank to lower the Selic interest rate

    Brazil's Finance Minister Fernando Haddad Wednesday said that the improved outlook by the risk rating agency Standard & Poor's (S&P) was due to the harmony between the branches of government, Agencia Brasil reported. In Haddad's view, National Congress and the Federal Supreme Court (STF) have an important role in the S&P's decision, but the Central Bank (BCB) needs to “join the effort” and start reducing the interest rates.

  • Thursday, June 15th 2023 - 09:01 UTC

    CPI officially 7.8% up during May in Argentina

    “If you do your shopping daily you know these numbers cannot be real,” a supermarket customer told MercoPress.

    Argentina's National Institute of Statistics and Census (Indec) Wednesday announced that the Consumer Price Index (CPI) for the month of May of 2023 was 7.8% for a total interannual of 114.2% and a 42.2% in the first five months of the year, it was reported in Buenos Aires.

  • Thursday, June 15th 2023 - 06:50 UTC

    Fed makes a pause, leaves rates unchanged but anticipates two further moves before 2024

    We’ve covered a lot of ground and the full effects of our tightening have yet to be felt,” said Fed Chair Jerome Powell at a news conference

    The United States Federal Reserve this Wednesday, following a two-day meeting decided to keep the interest rate unchanged but the Federal Open Market Committee anticipated that a further two hikes of quarter percentage moves can be expected before the end of the year.

  • Thursday, June 15th 2023 - 06:31 UTC

    Overseas business risk for Uruguay, according to UK FCDO

    The impressive pulp mills of which Uruguay is preparing to inaugurate a third

    The Foreign, Commonwealth, and Development Office has published Information on how UK companies can control risks when doing business in Uruguay.

  • Wednesday, June 14th 2023 - 06:52 UTC

    US inflation in twelve months to May slows to 4%; Fed begins two day meeting

    Measured year over year, inflation slowed to just 4% in May — the lowest 12-month figure in over two years and well below April's 4.9% annual rise

    Last month consumer prices in the United States rose 0.1% from April to May extending the past year's steady easing of inflation. The Tuesday announcement comes when the Federal Reserve begins a two-day meeting, still concerned that some measures of underlying price pressures remain high.

  • Tuesday, June 13th 2023 - 11:12 UTC

    It's official: Tierra del Fuego planning a multipurpose port in Rio Grande

    Shaanxi Chemical Industry and Tierra del Fuego Peronist governor Gustavo Melella in August last year signed an MoU which has been kept mostly secret

    Argentina's general elections next October are focusing mainly on inflation (150% this year, cost of living and food prices), plus security and street violence, but for those a bit better off and with time to think a semi-hidden issue, plus the overall influence of China in the country.