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MercoPress, en Español

Montevideo, July 24th 2026 - 05:30 UTC

Economy

  • Tuesday, January 13th 2026 - 10:00 UTC

    Trump spoils Lula's celebration of trade surplus with Iran

    The crisis in Iran is escalating, and Trump will take whichever action he deems necessary

    US President Donald Trump announced on Monday that any nation conducting business with Iran will face a 25% tariff on all trade with Washington, thus crushing earlier celebrations by Brazil's Luiz Inácio Lula da Silva, whose government proudly announced a substantial trade surplus with Tehran, totaling US$2.8 billion in 2025, driven by corn and soybeans.

  • Tuesday, January 13th 2026 - 10:00 UTC

    IMF coming to Venezuela's rescue?

    Unfolding political events in Caracas will play a key role in determining whether that option is available

    US Secretary of the Treasury Scott Bessent announced on Monday a plan to stabilize Venezuela’s collapsing currency by re-engaging with global financial institutions. The strategy consists of unfreezing approximately US$4.9 billion in International Monetary Fund (IMF) Special Drawing Rights (SDRs) to provide much-needed liquidity to Caracas' Central Bank.

  • Saturday, January 10th 2026 - 10:47 UTC

    Bessent praises Argentina on swift repayment of swap

    Bessent noted that emergency interventions were giving way to traditional market confidence

    US Secretary of the Treasury Scott Bessent noted Friday that the Argentine government of President Javier Milei swiftly repaid US$2.5 billion from a recent currency swap in full, framing the operation as a landmark victory for the “America First” agenda and a signal of Buenos Aires' return to financial stability.

  • Saturday, January 10th 2026 - 00:28 UTC

    Venezuela stocks surge 124% a week after Maduro’s removal

    Venezuela’s market is hindered by currency convertibility limits, bureaucratic registration requirements for foreign investors, and a widening black-market exchange rate gap

    Venezuelan assets have surged in a dramatic fashion this week, with the Caracas Stock Exchange’s main index up about 124% in U.S. dollar terms, Bloomberg data shows, as global investors react to political upheaval after the removal of President Nicolás Maduro last Saturday by United States forces.

  • Friday, January 9th 2026 - 20:33 UTC

    EU-Mercosur deal to be signed in Asunción on Jan. 17

    Mercosur Presidents do not need to attend the signing, but they will most likely be there, Lubetkin foresaw

    The Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) will be signed in Paraguay on Saturday, Jan. 17, Argentine Foreign Minister Pablo Quirno confirmed on Friday, following the decisive round of voting in Brussels, where France and its allies failed to reach the minimum number to topple the initiative.

  • Friday, January 9th 2026 - 20:12 UTC

    EU gives nod to Mercosur FTA despite fragmented France's rejection

    Von der Leyen will sign the treaty in Asunción on Monday

    A qualified majority of European Union (EU) member states voted Friday to approve the landmark Free Trade Agreement with the Southern Common Market (Mercosur). The decision marks a historic geopolitical shift, positioning the EU to counter rising US tariffs and Chinese competition, even as it ignites a firestorm of domestic unrest in France.

  • Friday, January 9th 2026 - 10:55 UTC

    It is all-or-nothing for EU-Mercosur FTA in Brussels

    If Italy votes “yes,” France will fail to reach the 35% needed o halt the initiative

    The feasibility of the long-awaited Free Trade Agreement (FTA) between the Southern Common (Market) and the European Union (EU) seems to be just hours away from its all-or-nothing hour, as France, Poland, Hungary, and Ireland have confirmed they would vote against it.

  • Thursday, January 8th 2026 - 10:55 UTC

    Venezuela's new oil revenues to be spent solely on US goods

    Washington wants to become Caracas' new main trading partner in lieu of Moscow, Beijing, or Tehran, Trump explained

    President Donald Trump on Wednesday announced that the proceeds from his country's future oil purchases from Venezuela under caretaker President Delcy Rodríguez will be spent entirely on US-made products, making Washington Caracas' new main trading partner instead of Moscow, Beijing, or Tehran.

  • Tuesday, January 6th 2026 - 09:06 UTC

    Uruguay records lowest yearly inflation in over two decades

    BCU President Guillermo Tolosa signaled that the bank may enter an “expansionary phase” in 2026

    Uruguay's inflation last year fell below the Central Bank’s (BCU) official target of 4.5%, hitting 3.65% after December's -0.09%, making President Yamandú Orsi's first annual National Institute of Statistics (INE) report a historic one with figures not recorded since 2001.

  • Monday, January 5th 2026 - 04:00 UTC

    Telecommunications: The One Constraint Touching Every Falklands Business

    Fully 44% of respondents identified telecommunications bandwidth as a barrier to growth

    By OpenFalklands

    On December 19th 2025, the Falkland Islands Development Corporation (FIDC) published its 2025 Business Climate Survey with the statement: