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MercoPress, en Español

Montevideo, July 21st 2025 - 00:43 UTC

Economy

  • Tuesday, April 8th 2025 - 10:55 UTC

    Brazil strong enough to weather Trump's tariffs, says Lula

    Brazil's economy “only depends on us Brazilians,” Lula argued

    Brazilian President Luiz Inácio Lula da Silva Monday underscored his country's strong international reserves (US$ 370 billion) to withstand global challenges, including Donald Trump's tariffs. He also highlighted his administration's measures to boost credit and consumption.

  • Tuesday, April 8th 2025 - 09:17 UTC

    Economists forecast Argentina's inflation to near 3%

    The REM did not include recent shakeups from Trump's tariffs

    Argentina's Central Bank's (BCRA) issue of the Market Expectations Outlook (Relevamiento de Expectativas del Mercado - REM) released Monday with data collected between March 27 and 31 among 39 experts raised the inflation forecast for last month to 2.6% from the previous 2.2%, which would represent an acceleration from January’s 2.2% and February’s 2.4%.

  • Tuesday, April 8th 2025 - 08:05 UTC

    Nobody interested in modernizing key bridge linking Argentina and Brazil

    The bridge handles 23% of the trade between Argentina and Brazil

    Brazilian authorities canceled the auction for the São Borja-Santo Tomé International Bridge due to a lack of bidders. The project -requiring a US$ 99 million investment over 25 years- sought to modernize the 15.62-kilometer structure with upgrades like new access lanes, parking areas, and improved lighting.

  • Monday, April 7th 2025 - 23:14 UTC

    Markets slump worldwide amid Trump’s tariff war and recession fears

    Donald Trump's tariffs set stock markets worldwide on a slide

    US stocks experienced significant volatility Monday amid a global trade war sparked by President Donald Trump’s tariffs. In addition, Washington threatened China to impose an additional 50% surcharge if Beijing does not retract its own 34% increase by Tuesday.

  • Monday, April 7th 2025 - 10:57 UTC

    Trump’s 41% tariff on Falklands, “biggest threat since Argentine invasion”, Liberal Democrat leader

    MP Ed Davey, Prime Minister should invite Falklands’ governor to an urgent meeting in Downing Street

    The leader of UK’s Liberal Democrats, Ed Davey has called on the Prime Minister to meet with the Falklands Governor, after President Trump announced tariffs of 41% on exports from the Falkland Islands to the United States.

  • Monday, April 7th 2025 - 10:12 UTC

    Early dawn stock markets show significant declines

    Donald Trump's tariffs set stock markets worldwide on a slide

    Australia's and most Asian stock markets experienced significant declines early Monday amid the global tariff war triggered by U.S. President Donald Trump. The Hang Seng Index in Hong Kong dropped 9.1% to 20,778.10, with a peak intraday fall of 10.2%, marking its worst day in over a year. Across the Asia-Pacific, 11 of 14 equity markets hit 52-week lows. In mainland China, the CSI 300 Index fell by 7.6%, while the Shanghai and Shenzhen Composite Indexes dropped by 7.4% and 9.8%, respectively. Japan’s Topix and Nikkei indexes also slumped, by 9.6% and 6.5%, respectively.

  • Saturday, April 5th 2025 - 10:09 UTC

    Trump's measures make dollar rise in Brazil

    Emerging markets such as Brazil were hit hard by developments in the US

    The quotation between the Brazilian real and the US dollar rose Friday to US$ 1 / R$ 5.83 after China announced retaliatory 34% surcharges against US President Donald Trump's tariffs, which fueled fears of a global recession, triggering turbulence in financial markets.

  • Saturday, April 5th 2025 - 09:33 UTC

    Paraguayan President admits middle class needs help too

    “The poor and the rich were the ones who registered the highest growth rates, but not the middle class,” Peña noted

    Paraguayan President Santiago Peña Friday emphasized his administration’s commitment to supporting the middle class, a group he believes has been overlooked by past policies favoring either macroeconomic stability for businesses or targeted aid for the poor.

  • Friday, April 4th 2025 - 20:55 UTC

    Orsi tells businessmen about Uruguay's strengths

    “We have been able to untie the hardest knots through strategies of good dialogue,” Orsi explained

    Uruguayan President Yamandú Orsi Friday underscored his country's strengths, such as legal certainty, reliability in keeping commitments, and a tradition of resolving challenges through dialogue. He made those remarks during the Latin Annual Meeting business forum in the department (province) of Maldonado. Also attending the event were former Presidents Julio María Sanguinetti of Uruguay and Vicente Fox of Mexico, who also spoke at the event.

  • Friday, April 4th 2025 - 09:47 UTC

    Milei says negotiations for zero tariffs with US under way

    Argentina will comply with Trump's requirements for reciprocal tariffs, Milei underlined

    Argentine President Javier Milei said during a Conservative event in Florida that his country was negotiating with Donald Trump's administration a zero-tariff deal on approximately 50 export products, aiming for a potential Free Trade Agreement (FTA) shortly. Milei's remarks came after the Republican leader slapped a 10% tariff on all Argentine goods as part of a broader protectionist policy.