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MercoPress, en Español

Montevideo, June 13th 2026 - 12:31 UTC

Economy

  • Tuesday, August 1st 2023 - 12:19 UTC

    Brazil dominates increasing share of China's soybean market

    Chinese buyers are snapping up Brazilian soybeans for delivery in October, a time of year when US exports are typically at their peak

    The world’s soybean market is dominated by one major buyer: China, and for years, Mercosur's leading member Brazil has taken an increasingly bigger share of that trade away from the US. So much so that Brazilian shippers are even starting to dominate during the typical season lull.

  • Saturday, July 29th 2023 - 11:15 UTC

    Argentina announces new deal with the IMF

    It is not good that a country has to be continuously renegotiating with the IMF because of bad management by the previous government, Massa said

    The Government of Argentina reached an understanding with the International Monetary Fund (IMF) whereby the global agency will make disbursements worth over US$ 7 billion in August and November, it was announced Friday in Buenos Aires.

  • Saturday, July 29th 2023 - 11:11 UTC

    Argentina forced to import 6,1 million tons of soybeans in first half of 2023

    Argentina is the world’s largest exporter of soybean meal and oil, with a processing capacity of around 70 million tons

    Argentina hit by a once-in-a-lifetime drought, has been forced to import 6,1 million tons of soybeans in the first half of 2023, according to data published by the Rosario Stock Exchange. The volume, the highest ever recorded for the period, is triple the amount imported in the first half of last year. It is also very close to the 2018 annual record when the country imported 6.4 million tons of soybeans.

  • Friday, July 28th 2023 - 10:44 UTC

    MLAs debate, income distribution and social inequality stats in the Falkland Islands

    MLA Pollard: “When selling the Falklands as a place to live we may be tempted to keep the 1% in when talking about average wage, but take it out when talking about income inequality”

    Social inequality is likely to be lower in the Falkland Islands than in countries with similar incomes according to the Chief Executive - so the people here are better off he says. But he also suggested that commonly used tools for measuring social inequality in larger countries might not be appropriate for the Falklands.

  • Friday, July 28th 2023 - 09:51 UTC

    Euro zone raises benchmark interest rate to 4,25% for the ninth time running

    The Frankfurt-based bank said in a statement that while inflation is slowing, it's still expected to be “too high for too long.”

    The European Central Bank on Thursday increased the key interest rate in the Eurozone by 0.25 percentage points to 4.25%. The decision to hike rates for a ninth straight time is part of the ongoing campaign to bring down inflation, but as inflation pressures show tentative signs of easing, recession worries mount.

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

    Argentina: No REM report until after PASO elections

    The survey will be published by the BCRA on Aug. 15

    Argentina's Central Bank (BCRA) Wednesday postponed the release of its monthly Relevamiento de Expectativas de Mercado (REM) report until after the Aug. 13 Open, Mandatory and Simultaneous Primary (PASO) elections, it was announced in Buenos Aires.

  • Thursday, July 27th 2023 - 10:00 UTC

    Fed raises benchmark rate to its highest since 2021, “getting inflation back to 2% has a long way to go”

    “My colleagues and I are aware that high inflation imposes significant hardship as it erodes purchasing power,” Powell said in the press conference.

    The United States Federal Reserve raised its benchmark lending rate on Wednesday by a quarter of a percentage point, the highest level since 2001 and the eleventh hike in its last 12 meetings.

  • Wednesday, July 26th 2023 - 10:56 UTC

    Latin America to grow this year above IMF's previous projections

    Domestic demand in the region remains “relatively strong,” Gourinchas explained

    The International Monetary Fund (IMF) Tuesday admitted that Latin America and the Caribbean will grow 1.9% this year, 0.3 percentage points above April's projections due to the momentum of the economies in Brazil and Mexico.

  • Wednesday, July 26th 2023 - 10:20 UTC

    Building an equitable fiscal future for Latin America

    LAC countries suffer from staggering income disparities, with the top 10% of earners making 22 times more than the poorest 10% and the top 1% accounting for 21% of the region’s total income

    By Jose Antonio Ocampo (*)

    BOGOTÁ – On July 27-28, Colombia will host the first ministerial summit for sustainable, inclusive and equitable global taxation, with the support of Brazil and Chile. The choice of venue is not coincidental: it reflects Colombia’s commitment to tackling poverty and inequality through progressive taxes.

  • Tuesday, July 25th 2023 - 11:48 UTC

    Argentina: “Blue” dollar rises yet again

    Massa wants to avoid an abrupt devaluation ahead of the elections

    The “blue” (a euphemism for “black market”) exchange rate between the Argentine peso and the US dollar rose over AR$ 20 -trading at AR$ 550/US$1- for an accumulated increase of AR$37 in the last 11 days after the latest announcements from the Economy Ministry, it was reported in Buenos Aires.