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MercoPress, en Español

Montevideo, October 25th 2025 - 20:37 UTC

Economy

  • Saturday, April 29th 2023 - 10:33 UTC

    Fitch highlights Peru's performance

    Peru can improve its credit rating in the coming years if levels of growth higher than those projected by Fitch are achieved

    Peru's macroeconomic strength proved decisive for the international agency Fitch Ratings to grade the South American country with a BBB quotation thanks also to its moderate public debt, strong external liquidity, and its fiscal discipline, it was reported.

  • Friday, April 28th 2023 - 11:15 UTC

    “Blue” dollar keeps backtracking in Argentina

    Massa secured a US$ 690 million loan with the Development Bank of Latin America (CAF) during a meeting in Uruguay. Photo: Gastón Britos / FocoUY

    The “blue” (a euphemism for “black market”) dollar dropped to AR$ 467 Thursday after further announcements and measures from Argentine authorities, after reaching an intraday record of AR$ 497 on Tuesday. It is still an AR$ 72 peso (18.2%) increase for the month of April.

  • Friday, April 28th 2023 - 10:59 UTC

    Uruguayan Senate gives nod to pension reform bill

    The measure was urgent “because of life expectancy,” Lacalle argued

    Uruguay's Senate Thursday approved at around 9 pm the pension reform bill which is now up to President Luis Lacalle Pou to be signed into law.

  • Thursday, April 27th 2023 - 10:55 UTC

    Spanish PM promises Lula he will push for EU-Mercosur deal closure

    Spain “maintains a firm commitment to advance in the ratification of this important trade agreement,” Sánchez told Lula

    Brazilian President Luiz Inácio Lula da Silva Wednesday insisted in Madrid on his unorthodox view regarding the war in Ukraine but the approval of the Mercosur-European Union (EU) deal signed in 2019 that still needs to be ratified looked closer following Prime Minister Pedro Sánchez's comments.

  • Thursday, April 27th 2023 - 10:32 UTC

    Argentina: US dollar recoils after Minister Massa's measures

    Massa managed to calm down the market frenzy

    After the “blue” (a euphemism for “black market”) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa's measures “in order to avoid speculative maneuvers” resulted in a drop to AR$ 474, it was reported in Buenos Aires.

  • Thursday, April 27th 2023 - 10:27 UTC

    How well did Uruguay do with S&P's latest ratings?

    Arbeleche said there were four basic reasons for the new grading

    The credit rating agency Standard & Poor's Wednesday upgraded Uruguay BBB+, with a stable outlook, the highest level in the country's history, it was announced. This index reflects the level of risk involved in lending money to governments according to their economic conditions.

  • Wednesday, April 26th 2023 - 03:45 UTC

    Debate in UK Parliament on impacts of Brexit; request for a public inquest

    A three-hour debate was held after 183,000 people signed a petition calling for a public inquiry into the impact of leaving the European Union.

    Brexit and its consequences is not a closed issue and remains very much alive. Not only did Scotland, Northern Ireland, Gibraltar reject Brexit, but other Overseas Territories such as the Falkland Islands have suffered from the 2016 initiative.

  • Wednesday, April 26th 2023 - 03:23 UTC

    Germany divided on the idea of a four-day working week on full pay; ex communist landers and Free Democrats skeptical

    Most businesses and organizations that have tested the four-day model have found that it facilitates a better work-life balance and reduces stress among workers.

    Contrary to recent legislation in Chile and in other European countries, a survey found that 55% of people living in Germany do not consider four-day working weeks on full pay desirable, according to the results published on Tuesday. The four-day model, as opposed to the five-day workweek that is customary in most industrialized countries, has been the subject of many trials in recent times.

  • Tuesday, April 25th 2023 - 19:46 UTC

    Argentine gov't losing grip: peso keeps plummeting

    ”We have been experiencing an atypical situation of rumors, versions, false reports, and their consequent impact on financial instruments linked to the dollar,” Massa explained

    By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.

  • Tuesday, April 25th 2023 - 12:57 UTC

    “Blue” dollar hits AR$ 462 in Argentina

    In this scenario, the AR$ 300 agrodollar would be insufficient to yield the results the government expected

    The “blue” (a euphemism for “black market”) dollar went up another AR$S 20 Monday to close at AR$ 462 and somehow match inflation in other items of the country's economy, which it was lagging.