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MercoPress, en Español

Montevideo, January 10th 2026 - 08:52 UTC

Economy

  • Monday, September 1st 2025 - 09:58 UTC

    Brazil’s richest earning faster

    FiscalData's findings contradicted those of the IBGE

    A study by the research group FiscalData last week found that Brazil's 0.1% richest people (about 160,000 individuals) increased their earnings fivefold faster than average Brazilians between 2017 and 2023. This group's income rose 6.9% against the 1.4% national average. Hence, they went from holding 9.1% of the country's income in 2017 to 12.5% in 2023, the survey found.

  • Saturday, August 30th 2025 - 10:16 UTC

    No more “de minimis” exemption for shipments to US

    Around 60% of imports using the exemption were from China and Hong Kong

    The US Government of President Donald Trump has eliminated the so-called “de minimis” rule, effective Friday. According to this new decision, the previous rule allowing international shipments valued under US$800 to enter the country duty-free has been revoked, and all items are now subject to taxation.

  • Friday, August 29th 2025 - 16:52 UTC

    Brazil's population reaches 213.4 million

    According to the IBGE, Brazil has 30 metropolitan regions, which are home to 103.5 million people

    Brazil's Institute of Geography and Statistics (IBGE) released a study this week showing that as of July 1, 2025, the populatiin of South America's largest country aounted to 213.4 million inhabitants, representing a 0.39% increase over the previous year.

  • Thursday, August 28th 2025 - 20:44 UTC

    Mexico redefines finished footwear imports

    “We are no longer going to bring in footwear that did not pay VAT,” Ebrard underscored

    The Mexican Government of President Claudia Sheinbaum suspended all finished footwear imports temporarily to boost the domestic industry. The measure, published in the Official Gazette on Thursday, also tackles smuggling, it was explained.

  • Wednesday, August 27th 2025 - 10:55 UTC

    Argentina: Interest rates soar in response to new BCRA rules

    “We believe that this rate hike will be temporary,” Caputo noted

    Argentina's financial system is experiencing significant tension as a new reserve requirement scheme from the Central Bank (BCRA) forces financial institutions to drastically raise interest rates on fixed-term deposits. The average rate for a 30-day fixed-term deposit has jumped to 51.3%, a substantial increase from just a few weeks prior.

  • Tuesday, August 26th 2025 - 19:46 UTC

    Brazil and Nigeria sign bilateral agreements

    Lula and Tinubu pledged to revamp trade between the two countries

    Brazilian President Luiz Inácio Lula da Silva and his Nigerian colleague Bola Tinubu signed a series of agreements earlier this week at the Planalto Palace during the African leader's state visit.

  • Tuesday, August 26th 2025 - 10:08 UTC

    Brazil and Canada to resume talks for FTA with Mercosur

    Brasilia and Ottawa issued a joint statement celebrating the initiative

    Brazilian authorities, exercising the pro tempore presidency of the Southern Common Market (Mercosur), and representatives from Canada are to resume talks about a Free Trade Agreement (FTA) that was initiated in 2018 but suspended during the Covid-19 pandemic.

  • Monday, August 25th 2025 - 21:14 UTC

    Chile halts poultry imports from Argentina due to avian flu

    This decision follows the detection at a facility in Los Toldos, Buenos Aires Province

    Chile's Agricultural and Livestock Service (SAG) has ordered the temporary suspension of chicken imports from Argentina due to an outbreak of “highly pathogenic avian influenza” (HPAI) at a commercial poultry facility in the neighboring country.

  • Monday, August 25th 2025 - 10:03 UTC

    One-person households on the rise in Brazil

    There are more men than women living alone

    The proportion of Brazilian one-person households has grown by 52% in 12 years, Agencia Brasil reported during the weekend. In 2024, 18.6% of households were inhabited by only one person. In 2012, this share stood at 12.2%.

  • Friday, August 22nd 2025 - 20:31 UTC

    Milei's govt hit by string of setbacks

    Milei foresees massive electoral fraud next month in the province of Buenos Aires

    Argentine President Javier Milei has been suffering a series of setbacks this week after the Lower House overturned his veto of the Disability Emergency Law, followed by a slumping trade surplus projection and a sharp drop in wholesale transactions amid mounting corruption scandals.