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MercoPress, en Español

Montevideo, October 20th 2025 - 18:41 UTC

Economy

  • Friday, August 8th 2025 - 09:38 UTC

    Indebtedness is the true basis of Milei's Argentina's shallow recovery, UBA says

    Supermarkets are decumulating stock amid waning consumption

    A study from the University of Buenos Aires' (UBA) School of Economics revealed this week that almost half of Argentines (46%) are now using credit cards to buy food, a significant increase since the start of the Javier Milei administration.

  • Thursday, August 7th 2025 - 10:33 UTC

    Lula slams Trump over Brazil tariffs, accuses Bolsonaro of betrayal

    The Brazilian government is preparing financial support measures for affected companies, as nationalist sentiment grows in response to what Lula describes as a direct attack on Brazil’s sovereignty

    Brazilian President Luiz Inácio Lula da Silva harshly criticized U.S. President Donald Trump following the implementation of a 50% tariff on Brazilian exports. Lula called Trump “authoritarian” with “anti-civilizational” behavior and accused him of creating “problems where there were none.”

  • Thursday, August 7th 2025 - 09:54 UTC

    Brazil turns to WTO to seek remedy to US tariffs

    However, the move is purely symbolic; no results are expected

    Brazil formally challenged recent US tariffs by requesting consultations on Wednesday with the World Trade Organization (WTO). The tariffs, which impose up to a 50% surcharge on a wide range of Brazilian products, were implemented by two executive orders from President Donald Trump.

  • Thursday, August 7th 2025 - 09:40 UTC

    La Plata-Montevideo connection operational

    The new development marks another step toward more responsible, transparent, and sustainable operations, it was explained

    A new weekly shuttle called the “3S Shuttle Service Solution” has been launched, connecting the port of La Plata in the province of Buenos Aires with Montevideo, Uruguay. This service is a collaboration between TecPlata and Independencia Shipping Lines. It aims to provide more competitive and efficient alternatives for trade between the two countries.

  • Thursday, August 7th 2025 - 07:37 UTC

    Argentine opposition defies Milei, approves increased funding for public universities

    Milei has already pledged to veto any law that implies increased public spending. However, with key legislative elections approaching, the issue takes on added political weight

    Argentina’s Chamber of Deputies approved a bill on Wednesday to raise funding for public universities, with 158 votes in favor and 75 against. The measure, backed by the Peronist bloc and other opposition parties, marks a new legislative defeat for far-right President Javier Milei, who vetoed a similar initiative last year.

  • Wednesday, August 6th 2025 - 10:15 UTC

    Uruguay's YoY inflation continues to fall

    July's figures were below market expectations

    According to the National Institute of Statistics (INE) report published Tuesday in Montevideo, Uruguay's interannual inflation rate in July 2025 was 4.53%, a slight decrease from 4.59% in June. This marks the 26th consecutive month that inflation has remained within the Central Bank's target range of 3% to 6%.

  • Tuesday, August 5th 2025 - 12:40 UTC

    Japanese team audits Paraguayan beef production

    Paraguay's beef exports are expanding rapidly

    A team from Japan's Ministry of Agriculture, Forestry, and Fisheries is in Paraguay to audit the South American country's meat production until August 8, with visits to various facilities and regional offices.

  • Tuesday, August 5th 2025 - 10:00 UTC

    IMF money arrives in Buenos Aires, boosting reserves

    “The new agreement is more favorable and should facilitate access to international credit,” said Economy Minister Luis 'Toto' Caputo

    Argentina has received a US$2 billion disbursement from the International Monetary Fund (IMF), a move that has boosted the country's international reserves and provided a temporary reprieve from exchange rate volatility. The funds, part of an agreement reached in April, have raised the Central Bank's reserves to over US$43 billion, the highest since early 2023.

  • Sunday, August 3rd 2025 - 11:04 UTC

    Falklands, invitation to celebrate launching of the new bank note collection

    The new banknote with King Charles III and a king penguin in the obverse, and the national flower, pale maiden, and five penguin species on the reverse

    The Falkland Islands Government invites the public to an event celebrating the launch of the new banknote collection for the Falkland Islands. The new banknotes enter circulation on Falklands Day (14th August) and will be launched at a reception on Wednesday, 13th August, at the Historic Dockyard Museum from 6pm.

  • Friday, August 1st 2025 - 09:40 UTC

    IMF Board approves US$2 bn disbursement to Argentina

    The disbursement was approved after Buenos Aires implemented “corrective measures” to bring reserves closer to the target

    The International Monetary Fund (IMF) has approved the first review of its agreement with Argentina, authorizing a disbursement of US$2 billion. The decision comes days after the IMF projected a 5.5% growth for the country.