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MercoPress, en Español

Montevideo, April 24th 2026 - 00:50 UTC

Economy

  • Tuesday, July 18th 2023 - 09:34 UTC

    Brazil's 2022/23 harvest is expected to reach 317,5 million tons with a planted area of 78,2 million hectares

    Soybeans continue to dominate the national agribusiness, with an estimated harvest of 154.6 million tons. An i0mpressive 23.1% increase compared to the previous season’s production.

    Brazil is expected to harvest a record 317.5 million tons of grains in the 2022-23 agriculture cycle, which is 44.9 million tons (16.5%) more than the previous year, according to the 10th Grain Harvest Survey by Conab, the country’s food supply and statistics agency.

  • Monday, July 17th 2023 - 11:41 UTC

    UK signs trade treaty to join Trans Pacific partnership, 'the world's fastest growing region'

    Business Minister Kemi Badenoch put her signature on the accession protocol for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Auckland, New Zealand.

    The United Kingdom on Sunday formally signed a treaty to join a major Indo/Pacific block, in what is described as the biggest trade deal since the country left the European Union, (Brexit) at the beginning of 2020.

  • Monday, July 17th 2023 - 11:30 UTC

    Massa might have to travel to US to finalize deal with IMF

    Massa hopes “to pay the Fund and to make it leave Argentina”

    Argentine Economy Minister and presidential contender Sergio Massa might travel to the United States later this week to close an agreement with the International Monetary Fund whereby the global agency would give the South American country some US$ 8.5 billion, it was reported in Buenos Aires.

  • Monday, July 17th 2023 - 11:05 UTC

    Micro and small businesses behind 69% of jobs in Brazil

    Medium and large companies tend to be more labor-saving in the long run, Décio Lima explained

    According to a study conducted by the Brazilian Micro and Small Business Support Service (Sebrae), micro and small businesses have been behind the creation of seven out of ten formal jobs nationwide, Agencia Brasil reported.

  • Saturday, July 15th 2023 - 10:52 UTC

    Falklands extends payment increases to all FIG grades

    The agreement ends a long dispute that started when the Falkland Islands Budget was announced and limited payment increases.

    Following representations from Falkland Islands Government Officers, Members of Legislative Assembly reconsidered their budget decisions to not award increments to officers in grades C-A and agreed in Executive Council on July 3 to extend the award to include the payment of increments to all grades.

  • Saturday, July 15th 2023 - 10:36 UTC

    Argentina: “Blue” dollar keeps going up

    Economists said the increase was to be expected

    The “blue” (an euphemism for “black market”) dollar kept soaring Friday against the Argentine peso, reaching AR$ 525 at some point but closing the week at AR$ 522, it was reported in Buenos Aires for an AR$ 31 increase in the last five days and AR$ 13 from Thursday.

  • Friday, July 14th 2023 - 10:50 UTC

    Ecuador short of rice, looks to Mercosur members as a potential supplier

    Colombia is the main rice supplier to Ecuador, with private companies opting to import to meet market demand

    Mercosur members have been added to Ecuador’s list of potential rice suppliers as the Andean country seeks to import rice to keep its stocks full, as they have been significantly depleted due to crop issues. Ecuador shortfall production could reach some 200,000 tons.

  • Friday, July 14th 2023 - 10:50 UTC

    IMF: Negotiations with Argentina continue; “no letter from China urging IMF to a quick solution”

    Kozack, “Our team has been working intensively with the Argentine authorities to make progress toward the completion of the fifth review.”

    Julie Kozack, Director of the IMF Communication Department held her weekly media conference and made some announcements referred to the current IMF/|Argentine negotiations. Ms. Kozack revealed that IMF/Argentina negotiations are ongoing, did not advance more details on possible closing dates and denied the existence of a letter from Chinese officials urging a quick solution to the Argentine case. Such as information was leaked in Argentina by government sources. Finally Ms Kozack anticipated that IMF officials and staff will be on holidays beginning July 31st until 11 August.

  • Friday, July 14th 2023 - 10:19 UTC

    Argentina: “Blue” dollar keeps soaring, June's inflation 6%

    The highest increase this year was in Communications (10.5%), as a result of the increase in telephone and Internet services

    The “blue” (a euphemism for “black market”) dollar hit another record Thursday in Argentina, closing at AR$ 512 / US$ 1, for a total increase of AR$ 166 so far this year which represented a 48% rise since closing 2022 at AR$ 346, it was reported in Buenos Aires. The gap between the informal dollar and the official exchange rate stands at 93.7%.

  • Thursday, July 13th 2023 - 10:56 UTC

    Argentina: “Blue” dollar pierces AR$ 500 barrier

    Meanwhile, Massa held a working meeting with senior executives of firms associated with the Japan Business Federation (Keidanren)

    The “blue” (a euphemism for “black market”) dollar Wednesday pierced the AR$ $500 barrier and set a new record high, it was reported in Buenos Aires. Meanwhile, the official exchange rate also went up despite the Central Bank (BCRA) selling some of its reserves.