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MercoPress, en Español

Montevideo, August 3rd 2026 - 07:18 UTC

Economy

  • Wednesday, August 2nd 2023 - 10:55 UTC

    Argentina: “Blue” dollar keeps soaring as elections loom over

    These figures came after Sergio Massa's latest measures to bolster the BCRA reserves

    The “blue” (a euphemism for “black market”) dollar rose another AR$ 10 Tuesday, reaching AR$ 560, its highest quotation ever, less than two weeks ahead of the Open, Simultaneous, and Mandatory Primary (PASO) elections in Argentina, it was reported in Buenos Aires. The gap with the wholesale (official) dollar stood at 102.79%. So far in 2023, the US currency in the parallel market accumulates an increase of AR$ 214 after closing 2022 at AR$343.

  • Wednesday, August 2nd 2023 - 10:34 UTC

    Fitch downgrades US credit rating to AA+; Yellen calls it “arbitrary” and “outdated data”

    Treasury Secretary Janet Yellen called the downgrade “arbitrary”. She added it was based on “outdated data” from the period 2018 to 2020.

    Fitch has downgraded the United States Government's credit rating following concerns over the state of the country's finances and its debt burden.

  • Wednesday, August 2nd 2023 - 10:30 UTC

    Pacific Alliance: Peru takes over pro tempore presidency

    Since its beginnings in 2011, the Pacific Alliance constituted “an integration mechanism that was pragmatic, free of politicization,” Gervasi said

    During a ceremony held Tuesday in Santiago, Peruvian Foreign Minister Ana Cecilia Gervasi received the pro tempore presidency of the Pacific Alliance from her Chilean counterpart Alberto van Klaveren, thus bringing to an end the controversy sparked when Mexican President Andrés Manuel López Obrador (AMLO) refused to acknowledge Dina Boluarte as the legitimate head of state following Pedro Castillo Terrones' impeachment on Dec. 7 last.

  • Tuesday, August 1st 2023 - 18:48 UTC

    Euro Zone inflation down to 5,3% in July, helped by lower energy prices

    The lower July rate is largely down to sinking energy prices, which sank by 6.1%, according to Eurostat

    Inflation in the Euro-zone fell to 5.3% in July, down almost a percentage point from May, the EU statistics agency Eurostat said on Monday. in June the rate of inflation was 5,5% as compared with 6.1% in May.

  • Tuesday, August 1st 2023 - 18:46 UTC

    Retail prices outlook in the UK improving, but not out of the woods yet

    Price inflation in the UK has slowed to its lowest level this year as prices of oils, fish, and breakfast cereals fall

    Outlook for retail prices in the United Kingdom improving. New figures suggest food price inflation in the UK has slowed to its lowest level this year as prices of oils, fish, and breakfast cereals fall. According to the British Retail Consortium (BRC) and NielsenIQ retail analysts, food inflation slowed to 13.4% in July. It was 14.6% in June.

  • 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.