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MercoPress, en Español

Montevideo, July 4th 2025 - 11:43 UTC

Economy

  • Friday, May 19th 2023 - 10:56 UTC

    Uruguayan grocers running out of bottled water as demand soars

    “Consumption exploded in one week,” Fernández explained. Photo: Sebastián Astorga

    As Uruguay's water crisis continues to escalate, sales of bottled water grew threefold during the last few days as suppliers ran out of stock, it was reported in Montevideo.

  • Friday, May 19th 2023 - 09:30 UTC

    A BRICS revival is capable of challenging Western led international institutions?

    BRICS saw their economic alignment as an opportunity to expand their global influence by creating an alternative to West-led international institutions

    By Ana Palacios, WASHINGTON, DC – There was a time when everyone was talking about a group of fast-growing emerging economies with huge potential. But the BRICS – Brazil, Russia, India, China, and South Africa – struggled to transform themselves from a promising asset class into a unified real-world diplomatic and financial player. Is this finally changing?

  • Wednesday, May 17th 2023 - 11:09 UTC

    Leading world central bankers to meet in Sao Paulo to address “past and present challenges”

    The event will address the obstacles central banks are confronting concerning their mandates, monetary policy frameworks, autonomy, and price and financial stability. R

    Christine Lagarde from the European Central Bank, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), and Mark Carney, former Governor of the Bank of England (BoE), among other recognized world central bankers will be attending a Brazilian Central Bank seminar on central banks “past and present challenges” to take place in Sao Paulo on May 19th.

  • Wednesday, May 17th 2023 - 10:51 UTC

    Brexit aftermath, UK Parliament takes initiative as to how and when scrapping EU legislation

    On Monday evening, the amendment to drop the sunset clause was passed by peers in the House of Lords

    The British government has suffered defeats in the House of Lords over plans to scrap certain EU laws by the end of the year, reports BBC. Peers backed an amendment which would give Parliament greater scrutiny over which rules should be ditched and also voted to give devolved governments, rather than Westminster ministers, the final say on whether EU rights should be kept.

  • Wednesday, May 17th 2023 - 10:18 UTC

    ECLAC calls for broader financing for Latin American countries

    Latin American countries are going through “complex” macroeconomic and financial conditions, ECLAC said

    The Economic Commission for Latin America and the Caribbean (ECLAC) Tuesday said it considered that the current level of indebtedness in Latin America requires a transformation of the international financial architecture to offer countries other alternatives to attain “inclusive and sustainable” development.

  • Tuesday, May 16th 2023 - 10:59 UTC

    Argentina: “Blue” dollar goes back up after Massa's new measures

    The unofficial dollar reached AR$ 483 on Monday after Sunday's announcements

    As Argentina raised the interest rate to 97% and adopted other measures such as the opening of food imports to control inflation while at the same time further restricting people's access to foreign currency, the “Blue” (a euphemism for “black market”) dollar rose again Monday to AR$ 483, it was reported in Buenos Aires.

  • Tuesday, May 16th 2023 - 03:01 UTC

    Brazil and UK agree to speed up poultry trade with de-bureaucratization

    Brazil's vice-president and Minister of Development, Industry, Commerce and Services, Geraldo Alckmin, announced UK’s endorsement of the process

    Brazil's vice president and Minister of Development, Industry, Commerce, and Services, Geraldo Alckmin, announced the UK’s endorsement for the de-bureaucratization of chicken exports from Brazil, in which poultry meat exporters will have zero cost when it comes to the issuing of market Certificates of Origin.

  • Monday, May 15th 2023 - 10:38 UTC

    Argentina to import food to curb price hikes

    Food accounted for much of the inflation the Argentine government is unable to control

    Argentine authorities Sunday announced a set of measures to tackle inflation, which include more active involvement in the foreign exchange market. But the most striking of them all was the opening of food imports at zero tariffs to hit local producers who over-benefitted from protectionism.

  • Saturday, May 13th 2023 - 10:58 UTC

    Argentina: April's monthly inflation set at 8.4%

    Prices go up “just in case,” President Fernández explained before the Indec announced April's results

    Argentina's National Institute of Statistics and Census (Indec) Friday announced that inflation for the month of April of 2023 was 8.4%, way above all projections. Interannually, the Consumer Price Index (CPI) reached 108.8% and the accumulated variation in the first four months of the year was 32%. It is the highest monthly inflation since April 2002 (10.4%) and the highest year-on-year figure since 1991. Since Alberto Fernández took office in December 2019, prices increased 448%.

  • Friday, May 12th 2023 - 10:59 UTC

    Brazil asks US to help Argentine with IMF talks

    Haddad said he feared the far right could gain momentum in Argentina if the economic crisis is not solved promptly

    The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.