Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, November 5th 2025 - 17:41 UTC

Economy

  • Thursday, March 30th 2023 - 16:24 UTC

    France denies blocking EU-Mercosur agreement but reiterates demands

    The dialogue is ongoing, and the outcome is yet to be seen.

    France denies blocking the EU-Mercosur agreement, which it vetoed since it was signed in 2019. However, it reiterates its demands to correct it and says it is waiting for the outcome of the negotiations being conducted by the European Commission with its South American partners.

  • Thursday, March 30th 2023 - 15:17 UTC

    What can you do to prepare for a personal Financial Crisis?

    Photo: Pixabay

    Let's face it. No one likes the thought of a job loss, an automobile accident, an illness, or any other major event that could negatively impact their finances.

  • Thursday, March 30th 2023 - 10:45 UTC

    Massa and Gopinath discuss IMF flexibilization and disbursement

    ”Good meeting with Minister Sergio Massa,” Gopinath said.

    Argentina's Economy Minister Sergio Massa Wednesday met with International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath to discuss the flexibilization of the reserve's goals in addition to a US$ 5.3 billion disbursement to be announced early next week, it was reported in Washington.

  • Thursday, March 30th 2023 - 10:20 UTC

    Report on Falkland Islands Banking Services, published by Chamber of Commerce

    FIG, FIDC, SCB and Chamber met with Peter Softley and Fionnbharr Blackman from Queenstown Strategic Advisors during their visit to the Falklands in January 2023

    The Falkland Islands Chamber of Commerce is pleased to publish its “Review of Banking Services in the Falkland Islands”. The report is the result of collaboration and input from the Falkland Islands Chamber of Commerce, the Falkland Islands Development Corporation (“FIDC”), Standard Chartered Bank (“SCB”), the Falkland Islands Government (“FIG”), and members of our local business community.

  • Wednesday, March 29th 2023 - 10:58 UTC

    Uruguay's Executive to cover for Central Bank's deficit

    Economy Ministry authorities described the problem as “an accounting issue”

    Uruguay's Executive Branch Tuesday admitted the Central Bank (BCU) reserves were below their legal threshold by Dec. 31, 2022, and a capitalization plan was therefore needed.

  • Wednesday, March 29th 2023 - 10:55 UTC

    Argentina: “Blue” dollar reaches AR$ 397

    Argentine Central Bank's reserves have been draining at a growing pace throughout 2023

    The unofficial exchange rate -commonly referred to as “blue”- between the Argentine peso and the US dollar reached AR$ 393 / 397 (buy/sale) after an AR$ 7 jump Tuesday, thus hitting a new record, it was reported in Buenos Aires. The blue dollar went up over AR$ 20 since last month for an 84.6% gap with the official quotation, which is virtually off limits for over 95% of the population to buy but available for anyone wanting to export.

  • Wednesday, March 29th 2023 - 10:53 UTC

    IMF: Central Banks must enhance transparency to build trust

    The reviews help central banks gauge their transparency and accountability, facilitating more effective communication and better-informed dialogue with lawmakers, investors, and individuals.

    By Tobias Adrian, Jihad Alwazir, Ashraf Khan and Dmytro – The Bank of Canada published a detailed summary of its Governing Council deliberations for the first time last month, joining nearly two dozen other central banks in regularly releasing detailed information on monetary policy decisions.

  • Wednesday, March 29th 2023 - 10:51 UTC

    Global trade expected to slow down in 2023, but “green goods” will remain strong, UNTAD report

    Green goods, or “environmentally friendly goods”, refer to products that are designed to use fewer resources or emit less pollution than their traditional counterparts

    Global trade was worth a record US$32 trillion in 2022, but amid deteriorating economic conditions, financial turmoil and rising uncertainties, growth turned negative in the last half of the year and is set to stagnate in the first half of 2023.

  • Wednesday, March 29th 2023 - 10:44 UTC

    Brazil leading exports depend on China: 70% of soybeans and 63% of iron ore

    Soy, beef, pulp, sugar, chicken meat, cotton, and pork are seven of the ten most exported goods from Brazil to China

    Brazil’s main trading partner, China, is the destination for over a quarter of total Brazilian exports, involving more than US$90 billion in 2022 in transactions of commodities such as soy, crude oil, and iron ore – products that dominate the bilateral agenda between the two nations.

  • Tuesday, March 28th 2023 - 11:36 UTC

    Poverty in Uruguay down to 9.9% in 2022

    Poverty in Uruguay stood at 7.9% in 2017, INE showed

    According to Uruguay's National Statistics Institute (INE), the number of people under the poverty line reached 9.9% of the population in 2022, an improvement from 2021's 10.6%, it was reported in Montevideo.