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MercoPress, en Español

Montevideo, December 3rd 2025 - 07:35 UTC

Economy

  • Wednesday, August 6th 2025 - 10:15 UTC

    Uruguay's YoY inflation continues to fall

    July's figures were below market expectations

    According to the National Institute of Statistics (INE) report published Tuesday in Montevideo, Uruguay's interannual inflation rate in July 2025 was 4.53%, a slight decrease from 4.59% in June. This marks the 26th consecutive month that inflation has remained within the Central Bank's target range of 3% to 6%.

  • Tuesday, August 5th 2025 - 12:40 UTC

    Japanese team audits Paraguayan beef production

    Paraguay's beef exports are expanding rapidly

    A team from Japan's Ministry of Agriculture, Forestry, and Fisheries is in Paraguay to audit the South American country's meat production until August 8, with visits to various facilities and regional offices.

  • Tuesday, August 5th 2025 - 10:00 UTC

    IMF money arrives in Buenos Aires, boosting reserves

    “The new agreement is more favorable and should facilitate access to international credit,” said Economy Minister Luis 'Toto' Caputo

    Argentina has received a US$2 billion disbursement from the International Monetary Fund (IMF), a move that has boosted the country's international reserves and provided a temporary reprieve from exchange rate volatility. The funds, part of an agreement reached in April, have raised the Central Bank's reserves to over US$43 billion, the highest since early 2023.

  • Sunday, August 3rd 2025 - 11:04 UTC

    Falklands, invitation to celebrate launching of the new bank note collection

    The new banknote with King Charles III and a king penguin in the obverse, and the national flower, pale maiden, and five penguin species on the reverse

    The Falkland Islands Government invites the public to an event celebrating the launch of the new banknote collection for the Falkland Islands. The new banknotes enter circulation on Falklands Day (14th August) and will be launched at a reception on Wednesday, 13th August, at the Historic Dockyard Museum from 6pm.

  • Friday, August 1st 2025 - 09:40 UTC

    IMF Board approves US$2 bn disbursement to Argentina

    The disbursement was approved after Buenos Aires implemented “corrective measures” to bring reserves closer to the target

    The International Monetary Fund (IMF) has approved the first review of its agreement with Argentina, authorizing a disbursement of US$2 billion. The decision comes days after the IMF projected a 5.5% growth for the country.

  • Friday, August 1st 2025 - 09:22 UTC

    Trump announces 35% tariffs on Canadian products

    The White House warned that goods transshipped to avoid the new tariffs would face an even higher rate of 40%

    US President Donald Trump has raised the tariff rate on Canadian imports from 25% to 35%, effective August 1. The White House justified the increase by stating that Canada has not done enough to “arrest, seize, detain or otherwise intercept... traffickers, criminals at large, and illicit drugs.” Trump also announced Thursday a 90-day moratorium with Mexico after a call with President Claudia Sheinbaum, keeping 25% tariff rates in place.

  • Thursday, July 31st 2025 - 21:26 UTC

    Transformed St Helena veteran vessel will be visiting Falklands in 2026/2027

    RMS St Helena when she was in full operations transporting passengers and cargo between the island in mid-Atlantic and South Africa.

    Falkland Islands residents, originally from the island of St. Helena, most probably during the next year, might see the revival of a vessel that for many decades was the only link with South Africa. However, this time refurbished, with different colors and as an exclusive boutique, at most 98 passengers, RMS St Helena, will be sailing the roaring forties and targeting Antarctica expeditions.

  • Thursday, July 31st 2025 - 09:34 UTC

    Chile dodges US's 50% tariffs on copper

    The announcement was welcomed in Santiago by Minister Aurora Williams and other officials

    US President Donald Trump's 50% tariff on copper imports will not apply to Chile's primary export to the United States: refined copper cathodes. This decision, announced in a White House proclamation, has been met with relief and celebration by officials in Santiago.

  • Thursday, July 31st 2025 - 09:25 UTC

    TikToker rattles Bolivia's financial system

    Villafuerte has some 70,000 followers

    Twenty-one-year-old TikToker Juan Carlos Villafuerte was arrested for allegedly damaging the credibility of Bolivia's system after the Financial System Supervisory Authority (ASFI) filed a complaint against him for creating videos that claimed “banks in Bolivia are in danger” and advised people to withdraw their savings.

  • Wednesday, July 30th 2025 - 10:05 UTC

    Products not grown in US might have zero tariffs, Lutnick hints

    “Coffee and cocoa could be other examples,” Lutnick said

    Amid the uproar surrounding the 50% tariffs on Brazilian products to be imported by the US administration of President Donald Trump, coffee producers saw some light at the end of the tunnel Tuesday when US Secretary of Commerce Howard Lutnick said in an interview with US network CNBC that some products not grown in the country could enter the United States without import tariffs.