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MercoPress, en Español

Montevideo, March 31st 2026 - 19:56 UTC

Economy

  • Friday, November 18th 2022 - 09:17 UTC

    Inflation projections in Brazil lowered yet again

    The new figures are still above the 3.5% target set by the National Monetary Council (CMN)

    Brazil's Economy Ministry Thursday released its Macrofiscal Bulletin, which showed that inflation for the year 2022 is projected to amount to 5.85%, an improvement from the previous 6.3% forecast.

  • Friday, November 18th 2022 - 09:12 UTC

    Argentina granted US$ 125mn loan from IDB

    The allowance seeks ”to improve the control of pests that affect the country's zoophytosanitary heritage among other developments

    The Inter-American Development Bank (IDB) approved a US$ 125 million loan for Argentina to strengthen the country's agricultural health services and the sustainability of its marine resources, it was announced Thursday.

  • Thursday, November 17th 2022 - 19:17 UTC

    No devaluation needed for now in Argentina

    A devaluation is not necessary for now, because exports of industrial goods grew 20% between January and October

    The Argentine administration of President Alberto Fernández has been reported to have under its sleeve a strong trade surplus for the month of October with which pressure to devalue the local peso will be deflected, at least for now.

  • Thursday, November 17th 2022 - 19:09 UTC

    Unemployment drops in Brazil

    Unemployment went down in six Brazilian states and remained stable in the rest, IBGE's report showed

    According to the Quarterly Continuous National Household Sample Survey (PNAD) released Thursday by Brazil's Institute of Geography and Statistics (IBGE), the unemployment rate in the third quarter of this year went down from 9.3% to 8.7% overall from the previous quarter, thanks to drops in six states: Paraná (-0.8 %), Minas Gerais (-0.9 %), Maranhão (-1.1%), Acre (-1.8%), Ceará (-1.8%) and Rondônia (-1.9%).

  • Thursday, November 17th 2022 - 18:51 UTC

    Shares of Uruguayan unicorn plummet after rumors of fraud

    Uruguay's first-ever unicorn pledged to rebut the allegations in due course

    Shares of the first and only Uruguayan unicorn dLocal, a company that debuted on Wall Street in June 2021 fell up to 43% this from $21 to $10 a piece Wednesday after rumors of fraud went public.

  • Thursday, November 17th 2022 - 10:00 UTC

    UK's double shock, highest inflation in 41 years and a draconian Autumn budget

    Chancellor Hunt is looking to fill the black hole of up to £60bn in public finances through a combination of tax rises and public-spending cuts

    Chancellor of the Exchequer Jeremy Hunt will unveil this Thursday before Parliament his long-awaited Autumn budget statement, having anticipated to the UK population that “we will be asking everyone for sacrifices.”

  • Thursday, November 17th 2022 - 10:00 UTC

    Considerable container freight rate decline from Asia to Eastern South America

    This is the largest drop in the route’s rate since early September and the first time East Coast South American import rates were below Atlantic import rates

    The latest S&P Global Monday release on Platts Americas Container Freight shows that non-Asian export cargo bound for the East Coast of South America saw the greatest freight rate decline, dropping 51.9%, or US$ 2,700, throughout the week, to settle at US$ 2,500/FEU.

  • Thursday, November 17th 2022 - 09:58 UTC

    Moody's: Argentina remains high-risk for 2023

    Moody's Torres said 2023 will be “a difficult year”

    The credit-risk rating agency Moody's insisted this week that Argentina's main concern for the foreseeable future was its domestic debt in local pesos while the country keeps swerving through its financial mercuriality in an electoral year.

  • Wednesday, November 16th 2022 - 10:18 UTC

    Indec says Argentina's inflation for October reached 6.3%

    Tuesday's interannual figures were also the highest since the end of hyperinflation in the early 1990s

    Argentina's inflation reached 6.3% in October for an 88% interannual result, according to the latest report from the National Institute of Statistics and Census (Indec). According to current projections, it may reach 100% by the end of the year.

  • Tuesday, November 15th 2022 - 10:01 UTC

    UK, US, EU discussing continuation of Black Sea Grain Deal with Russia

    Russian Foreign Ministry spokeswoman said US and EU were obstructing Russia’s exports and said it remained unclear whether Moscow would extend its participation in the initiative

    UK Foreign Secretary, High Representative of the European Union, and US Secretary of State gave a statement on global food security and Russia sanctions. The statement follows on Russia's complaints that it saw no progress on easing its exports of fertilizers and grain – parts of the Black Sea grain deal that Moscow views as fundamental to extending the initiative beyond next week.