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MercoPress, en Español

Montevideo, October 1st 2026 - 21:00 UTC

Economy

  • Tuesday, November 14th 2023 - 09:19 UTC

    Argentina's monthly inflation back to one-digit figures

    The latest Indec data was released less than a week before the presidential runoff between Milei and Massa

    Argentina's National Institute of Statistics and Census (Indec) announced Monday in Buenos Aires that October's Consumer Price Index (CPI) stood at 8.3% for a 142.7% year-on-year. These results showed a return to one-digit monthly inflation after 12.7% in September and 12.4% in August for an accumulated 120% in the first ten months of 2023, Indec also noted.

  • Monday, November 13th 2023 - 20:54 UTC

    Panama Canal shipping queues: Punta Arenas dreams of a re-edition of pre 1914 scenario

    Ships sailing along the Magellan Strait, originally discovered in 1520 and linking the Pacific and Atlantic oceans

    Punta Arenas in the extreme south of Chile and the South American continent is again illusioned with the re edition of pre 1914 times, before the United States finished the Panama Canal and created the state of Panama, significantly cutting the time of shipping wishing to cross from the Pacific to the Caribbean and vice versa, and ensuring safe and reliable links between the East and West coasts of the US.

  • Monday, November 13th 2023 - 20:47 UTC

    Argentine beef eaters turn to cheaper meats and veggie diets as incomes plunge and beef prices soar

    In Argentine Pesos, ”at the beginning of January 2017 the average price of beef cuts was 114 A$, but by September 2023 it has soared to 3,108 A$.

    An Argentine university has elaborated a study on barbecue meat, one of the most common and popular beef cuts in the country, during a seven year period to include consumption habit changes and most importantly the increase in price of the product.

  • Monday, November 13th 2023 - 10:55 UTC

    Private researchers underscore Paraguay's economic progress

    Paraguay's poverty went down from 45.1% in 2001 to 24.7% in 2022

    Private economic studies published recently showed Paraguay was on an upward trajectory. According to Banco Itaú, the South American country's economic activity expanded in the second quarter of 2023 following the normalization of agricultural production after a severe drought last year. In this scenario, the Gross Domestic Product (GDP) growth projection for the end of the year remained at 5.6%, the research showed.

  • Monday, November 13th 2023 - 10:13 UTC

    House Speaker launched draft to avoid US gov't shutdown

    The White House has expressed its discrepancies with the new proposal

    Republican Congressman Mike Johnson has submitted a last-minute budget proposal to avoid a shutdown of the government of the United States, it was reported in Washington DC.

  • Saturday, November 11th 2023 - 10:16 UTC

    Former VP Astori, architect of Uruguay's 21st century economy, dead at age 83

    Astori was elected many times to the Senate, served as Economy Minister twice under President Tabaré Vázquez, and was VP under José “Pepe” Mujica

    Former Uruguayan Vice President Danilo Astori (2010-2015) died Friday at the age of 83 from complications following a hip fracture for which he had been hospitalized since late October, it was reported in Montevideo. Astori had resigned his seat on the Senate late last year due to other health problems.

  • Saturday, November 11th 2023 - 10:12 UTC

    APEC: No major breakthrough expected from Biden-Xi meeting

    It will be San Francisco's biggest political event since 1945

    San Francisco is finalizing its arrangements for the Asia-Pacific Economic Cooperation (APEC) Summit during which a key meeting between Presidents Joseph Biden of the United States and Xi Jinping of China is expected to take place on Nov. 15. Xi and Biden will get together to discuss a range of “potentially contentious” topics including the need for military-to-military dialogue.

  • Friday, November 10th 2023 - 10:02 UTC

    US market reopened for Paraguayan beef

    Peña made the announcement after meeting with Fernández in Asunción

    The United States has reopened its doors to Paraguayan beef after 25 years, President Santiago Peña announced Thursday together with US Undersecretary of State for Economic Growth, Energy and Environment José W. Fernández and US Ambassador Marc Ostfield, it was reported in Asunción.

  • Wednesday, November 8th 2023 - 19:06 UTC

    Brazil to become world's leading chicken meat exporter in 2024

    Brazil is projected to account for 36% of worldwide exports, with the United States (the world’s second-largest chicken meat producer) responsible for 25%.

    According to the United States Department of Agriculture (USDA), global chicken meat exports are expected to reach at least 14 million tons next year, marking a 2.91% growth compared to this year’s exports.

  • Wednesday, November 8th 2023 - 10:55 UTC

    Argentina makes payment to IMF in yuan

    The disbursement has weakened the Central Bank’s reserves to levels unseen since 2006

    Argentina has complied with the payment of interests to the International Monetary Fund for US$ 790 million, it was reported Tuesday in Buenos Aires.