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MercoPress, en Español

Montevideo, October 25th 2025 - 03:12 UTC

Economy

  • 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.”

  • Tuesday, July 4th 2023 - 10:43 UTC

    Brazil's beef and pork exports in June represented some US$ 980 million

    Brazil exported in June 154,625 tons, with a daily average of 9,664 tons, while the average price per ton was US$ 5,080.40.

    Brazil's exports of beef and pork have retaken volumes from before the pandemic, as reported by Canal Rural. For example foreign sales of fresh, frozen, or refrigerated beef generated US$ 785.557 million in June (16 working days), with a daily average of US$ 49.097 million. The total amount exported by the country reached 154,625 tons, with a daily average of 9,664 tons, while the average price per ton was US$ 5,080.40.

  • Tuesday, July 4th 2023 - 10:27 UTC

    Yellen travels to China to restore a healthy economic relation, “destabilization punishes both countries”

    The trip comes as part of a push by US President Joe Biden to deepen communications between the world's two largest economies.

    United States Treasury Secretary Janet Yellen will travel to China this week to restore ties, the Treasury Department announced. Yellen, who will be in Beijing from July 6-9, will meet with high-ranking representatives of the Chinese government but not China's President Xi Jinping.

  • Tuesday, July 4th 2023 - 10:17 UTC

    Paraguayan FM calls for more efficient Mercosur

    “Without free circulation of goods and services, deepening our productive integration becomes a chimera,” Arriola stressed

    Paraguayan Foreign Minister Julio César Arriola Monday called for a “more effective and efficient” Mercosur during the bloc's two-day summit in Puerto Iguazu in the Argentine province of Misiones.