Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 23rd 2025 - 22:50 UTC

Economy

  • Wednesday, March 5th 2025 - 10:38 UTC

    Trump's tariffs become effective, but new compromise expected

    Trump is expected to announce a compromise with Canada and Mexico as early as Wednesday, Commerce Secretary Howard Lutnick admitted

    The United States implemented tariffs on imports from Mexico, Canada, and China, triggering responses from these nations and causing a market meltdown. The tariffs include a 25% levy on imports from Mexico and Canada and an increase from 10% to 20% on goods from China. The move seeking to address fentanyl trafficking and border security has failed to meet expectations.

  • Wednesday, March 5th 2025 - 09:10 UTC

    Falklands, Register of Electors to vote and to access the Travel Credit Scheme

    The Electoral Form V MUST be completed by all households with the names of persons eligible for registration as an elector.

    In anticipation of the coming November general election, all households in the Falkland Islands, on Monday 17 March 2025 should receive a Form V “Request for information from householders” in the post. If your household does not receive one or if you require any advice on how to complete the form, please contact the Registration Officer on 27271 or by email registrargeneral@townhall.gov.fk.

  • Monday, March 3rd 2025 - 14:46 UTC

    US not interested in FTA with Argentina, Latin American Envoy says

    People close to Trump lost money in the $LIBRA swindle; hence, Milei should better forget about any help from the White House, Claver-Carone hinted

    Former Inter American Development Bank (IDB) President Mauricio Claver-Carone, now Us State Department envoy for Latin American Affairs, said during the weekend that President Donald Trump's administration was not after any new Free Trade Agreement (FTA), which might be disappointing to Argentina's Javier Milei who announced he was willing to leave Mercosur to achieve just that.

  • Monday, March 3rd 2025 - 10:55 UTC

    Milei does not rule out leaving Mercosur

    “The NYT article looked like hair salon gossip,” Milei argued

    Argentine President Javier Milei further elaborated on his plan to curb inflation during his opening speech Saturday before the Legislative Assembly when opening the 202t5t Legislature. Among other items, he spoke of a new agreement with the International Monetary Fund (IMF) plus the reorganization of the Central Bank (BCRA) accounts.

  • Friday, February 28th 2025 - 20:03 UTC

    New York Times unveils obscure deals for businessmen to have access to Milei

    The New York Times confirmed that more than one crypto entrepreneur paid to meet Milei<br />

    According to a New York Times investigation, cryptocurrency businessmen paid bribes to meet Argentine President Javier Milei during the Argentina Tech Forum last October, where Milei delivered the closing speech.

  • Thursday, February 27th 2025 - 13:36 UTC

    Argentina lifts restrictions on exporting live cattle

    Argentina's extraordinary number of self-imposed restrictions has been omitted from the debate for decades, Sturzenegger explained

    Argentine President Javier Milei's Decree 133/25 ending a 50-year ban on exporting live cattle was published Wednesday in the Official Gazette. The measure had been adopted in 1973 due to supply issues. The Libertarian Government's initiative thus opens new market opportunities for the livestock sector.

  • Thursday, February 27th 2025 - 10:29 UTC

    Petrobras' 2024 profits below those attained the year before

    The exchange rate variation impacted negatively on the company's performance

    Brazil's State-owned oil company Petrobras activities yielded R$36.6 billion (US$7.5 billion) in profits last year, according to a report released Wednesday in Brasilia. However, these figures are below 2023's performance, when the company recorded a net profit of R$124.6 billion (US$24.9 billion), the exchange rate variation in debts between Petrobras and its subsidiaries abroad playing a key role in these results.

  • Wednesday, February 26th 2025 - 18:54 UTC

    Judge reverses Milei's decree turning BNA into a corporation

    Milei exceeded his authority when deciding on the BNA's fate after the matter had already been debated in Congress, the magistrate found

    Argentine Federal Judge Alejo Ramos Padilla issued an injunction against President Javier Milei's decree paving the way for the conversion of the state-owned Banco de la Nación Argentina (BNA or just “Banco Nación”) into a joint stock company because such a measure needed Congressional approval given that the bank's creation and structure fall under legislative authority.

  • Tuesday, February 25th 2025 - 19:03 UTC

    Uruguay's INE reports unemployment on the rise

    Unemployment grew year-on-year despite the creation of 27,000 new jobs, the INE report found

    Uruguay's National Institute of Statistics (INE) released a report Tuesday showing that last month's unemployment rose from 7.4% to 8.1% from the previous month. However, this figure represented an interannual improvement against last year's 8.6%. Joblessness was not as harsh in Montevideo (7.1%) but it was indeed noticeable elsewhere in the South American country (8.7%). In addition, 21.3% of workers were detected not to be registered with social security authorities, which was tantamount to an increase in informality.

  • Tuesday, February 25th 2025 - 10:42 UTC

    Fossil fuels will finance Brazil's energy transformation, Lula says

    As long as people cannot do without fossil fuels they shall remain necessary, Lula argued

    Brazilian President Luiz Inácio Lula da Silva pointed out that his country would rely on fossil fuels to finance the transition to clean energy. He made those remarks during a contract signing ceremony with Transpetro and oil companies Rio Grande and Mac Laren.