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MercoPress, en Español

Montevideo, April 25th 2026 - 22:09 UTC

Economy

  • Thursday, August 24th 2023 - 11:46 UTC

    Argentina is invited to join BRICS along with six other countries

    All eyes are on Argentina, which will elect its next president on October. Milei has already announced that if elected president, he would not maintain economic relations with countries such as China

    The BRICS group, consisting of Brazil, Russia, India, China, and South Africa, has announced its plan to expand its membership by adding six new countries, including Argentina. The decision was revealed during a press conference jointly conducted by South African President Cyril Ramaphosa and leaders from the existing BRICS nations.

  • Thursday, August 24th 2023 - 11:00 UTC

    Paraguay reforms Finance Ministry

    One of Peña's Government's goals is to make the State more agile and modern, Minister Carlos Fernández Valdovinos explained

    Paraguayan President Santiago Peña Wednesday signed into law a bill suppressing the Finance Ministry and creating a Ministry of Economy and Finance instead, it was reported in Asunción. The motion had been passed by the Lower House earlier this month.

  • Thursday, August 24th 2023 - 10:58 UTC

    IMF Board approves US$ 7.5 bn disbursement for Argentina

    It will be the “second largest disbursement in the history of the IMF,” Massa explained

    The International Monetary Fund's (IMF) board of directors Wednesday approved a US$ 7.5 billion disbursement for Argentina, the South American country's Economy Minister and presidential candidate Sergio Massa announced from Washington DC. The decision was adopted unanimously, it was also explained.

  • Wednesday, August 23rd 2023 - 10:56 UTC

    Massa gets loans from IDB and WB ahead of IMF meeting

    Massa is convinced that the IMF will grant Argentina another US$ 7.5 billion

    The Inter-American Development Bank (IDB) and the World Bank (WB) will grant Argentina additional financing of US$ 1,300 million, Economy Minister and presidential candidate Sergio Massa announced Tuesday from Washington DC.

  • Wednesday, August 23rd 2023 - 10:56 UTC

    Uruguayan unions go on strike, again demanding shorter working hours and wage increases

    Union leader Abdala also said that the 48-hour work week leads to the fact that many times workers cannot follow up on the difficulties of childhood and adolescence of their children. Photo: PIT-CNT

    Uruguay's trade union central, the PIT-CNT, carried out this Tuesday a partial four-hour strike with a mobilization, in which it again called for a law to reduce the working day from 48 to 40 hours a week.

  • Wednesday, August 23rd 2023 - 10:55 UTC

    Argentina: Sharp drop in mass consumption reported

    Wholesale prices outpaced inflation in July

    Private studies released Tuesday in Buenos Aires showed a 16.1% drop in mass consumption in the first week of August, which further aggravated July's 15.8%, the Buenos Aires daily La Prensa reported.

  • Wednesday, August 23rd 2023 - 09:00 UTC

    Unemployment keeps dropping in Uruguay

    The trend keeps dropping as new people join the labor market

    Unemployment in Uruguay fell yet again last month to stand at 7.8%, according to a report released Tuesday in Montevideo by the National Statistics Institute (INE). Thus, the drop from June's figures was 0.4% for a total of some 144,400 jobless people in the South American country from 152,500 the month before.

  • Wednesday, August 23rd 2023 - 07:30 UTC

    Panama Canal limits transit of vessels because of a severe drought

    Both entrances to the canal, on the Pacific and Atlantic oceans, are now speckled with vessels stranded for more than 20 days

    On both sides of the Panama Canal, fleets of ships find themselves immobilized, delayed by weeks as waterway authorities have slowed traffic to conserve water amid a severe drought. A report from the Brazilian news agency O-Globo gives a detailed picture of what is happening.

  • Monday, August 21st 2023 - 11:23 UTC

    Argentina: Who can fix the political and economic problems?

    The three candidates who will disputing the election next 22 October, Javier Milei, Sergio Masa and Patricia Bullrich

    To most people's surprise, the divisive libertarian populist Javier Milei won Argentina's presidential primary. Milei took around 30% of the vote, triumphing in 16 out of the country's 24 provinces.

  • Monday, August 21st 2023 - 09:58 UTC

    Brazilian entrepreneurs seek opportunities through BRICS

    We already have many industries in India, Alban explained

    Some 30 industrialists from South America's largest country are attending this week's Cebric's Encounter, a gathering of businesspeople parallel to the BRICS (Brazil, Russia, India, China, and South Africa) Summit in Johannesburg until Wednesday, Agência Brasil reported.