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MercoPress, en Español

Montevideo, December 10th 2025 - 09:00 UTC

Economy

  • Saturday, September 20th 2025 - 10:55 UTC

    Milei: bailout from Washington being negotiated

    The last time the US Treasury's Exchange Stabilization Funds were touched was in 1995 to bail Mexico out of the “Tequila Crisis”

    Argentine President Javier Milei confirmed on Friday that his government was in “very advanced” negotiations with the US for an emergency loan from the Treasury's Exchange Stabilization Fund. If secured, the bailout would be used to cover more than US$8.5 billion in debt maturities due in January and July of 2026.

  • Saturday, September 20th 2025 - 10:32 UTC

    IMF mission praises Uruguay's economy

    The IMF also suggested making “further efforts to put the debt-to-GDP ratio on a downward path”

    The International Monetary Fund (IMF) has completed its annual review of the Uruguayan economy, praising its resilience and stability.

  • Saturday, September 20th 2025 - 01:05 UTC

    Green hydrogen project in Uruguay not quite environmentally friendly

    HIF now needs to submit a more detailed environmental study before it can proceed

    A green hydrogen production plant planned for Uruguay by the company HIF has been classified as having a “significant negative environmental impact” by the South American country's Environment Ministry, due to which the initiative, at an estimated investment of US$6 billion, faces several challenges.

  • Friday, September 19th 2025 - 21:38 UTC

    UK after closer trade ties with Argentina and Brazil, South America’s largest economies

    UK trade with Brazil has reached an all-time high of £12.3 billion but given the size of our economies alignment, sectors such as clean energy, life sciences, and digital transformation

    Newly appointed Trade Minister Chris Bryant is visiting Brazil and Argentina, South America’s largest economies, to champion British business and closer trade ties. As part of the Trade Strategy’s plan to focus on practical deals that deliver faster benefits for businesses, Minister Bryant will progress several targeted partnerships with Brazil, including on customs, good regulatory practices, and export credit. 

  • Friday, September 19th 2025 - 10:55 UTC

    Falklands’ successful trade, energy and business mission to Chile

    The visit, organized by FIDC, included meetings with local entrepreneurs and officials in Santiago and Punta Arenas

    A Falkland Islands business delegation has just returned from a week in Chile, where they explored opportunities in sustainable energy, innovation and connections between the two countries.

  • Friday, September 19th 2025 - 10:46 UTC

    Noboa declares curfew in five of Ecuador's provinces

    “Democracy cannot be replaced by threats, blockades, or impositions that disregard the will of the people,” the Ecuadorean government of President Noboa contended

    Ecuador's President Daniel Noboa has declared a curfew in five provinces and extended the state of emergency to an eighth province. These measures were adopted in response to planned protests over the elimination of a diesel subsidy, resulting in a rise from US$1.80 to US$2.80 per gallon, sparking outrage among transport workers and other social sectors.

  • Friday, September 19th 2025 - 10:22 UTC

    Dollar soars amid Argentina's political instability

    People get scared and cover themselves, Caputo argued

    Argentina's Economy Minister Luis Toto Caputo announced on Thursday that the government would sell “every last dollar” to defend the current parity between the Argentine peso and the greenback. He made those remarks following a rise in the official quotation, which pierced the upper limit of its exchange rate band. Caputo insisted this approach fell within the program agreed upon with the International Monetary Fund (IMF).

  • Friday, September 19th 2025 - 09:37 UTC

    Argentina records 21st straight trade surplus

    Imports grew at a faster pace than exports, so if the trend persists, a negative balance would be on the radar

    Argentina's trade surplus last month was US$1.402 billion, which was way higher than expectations. According to the National Institute of Statistics and Censuses (Indec), this marks the 21st consecutive month of a trade surplus for the country.

  • Friday, September 19th 2025 - 03:49 UTC

    Brazilian inflation in August drops slightly but remains above target

    Within the IPCA basket, notable declines came from gasoline (-0.94%) and electricity (-4.21%).

    Brazil’s official consumer inflation index (IPCA) fell 0.11% in August, the Brazilian Institute of Geography and Statistics (IBGE) reported last week. This was the first negative reading since August 2024 and the sharpest drop since September 2022, when inflation fell 0.29%.

  • Thursday, September 18th 2025 - 13:50 UTC

    UK Trade Minister visiting Brazil and Argentina

    Bryant will also engage with leading Latin American investors to promote the UK as a destination for fund expansion

    As the UK seeks agreements to make it easier and cheaper for British businesses to export, newly appointed Trade Minister Chris Bryant is visiting Brazil and Argentina on Thursday to achieve those goals.