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MercoPress, en Español

Montevideo, January 10th 2026 - 02:23 UTC

Economy

  • Friday, August 22nd 2025 - 10:30 UTC

    Grau becomes Chile's new Finance Minister

    “Our economy can generate more quality jobs,” Grau insisted

    Chilean President Gabriel Boric Font on Thursday appointed Nicolás Grau, previously the Economy Minister, as the new Minister of Finance, following Mario Marcel's resignation earlier in the day. Meanwhile, Álvaro García was chosen to replace Grau. Ignacia Fernández, former Undersecretary of Agriculture, took over as Minister of Agriculture in lieu of Esteban Valenzuela.

  • Friday, August 22nd 2025 - 10:19 UTC

    Brazil clinches beef export deal with Indonesia

    Indonesia is the fourth most populous market worldwide

    Brazilian meat producers have reached an agreement with Indonesian buyers to export beef from South America's largest country to the world's fourth-most populous nation, the Ministries of Agriculture and Foreign Affairs confirmed on Thursday. The export of live sheep (ewes, rams, lambs) to Algeria was also announced.

  • Thursday, August 21st 2025 - 20:22 UTC

    Marcel resigns as Chile's Finance Minister for personal reasons

    Marcel met with Boric and dodged reporters on his way out of La Moneda

    Mario Marcel on Thursday turned in his resignation as Chile's Finance Minister, just one day after Esteban Valenzuela left Agriculture. While Marcel's decision was reported to be due to strictly personal reasons, Valenzuela's departure just seven months from the end of President Gabriel Boric Font's term follows alliances ahead of this year's elections.

  • Thursday, August 21st 2025 - 19:29 UTC

    De Moraes' canceled credit card poses dilemma to Brazilian banks

    Not following US impositions could affect Brazilian banks' businesses abroad, but ignoring the STF could result in local penalties

    After the Banco do Brasil (BB) canceled Supreme Federal Court Justice Alexandre De Moraes' Master Card following instructions stemming from the United States' sanctions under the Magnitsky Act against the magistrate, South America's largest country's institutions were gripped by controversy.

  • Thursday, August 21st 2025 - 10:52 UTC

    Brazil exports benefit from Argentina’s economic rebound

    Trade is booming, 50% higher in the first half of 2025 compared to 2024, and despite the fact that presidents Jaiver Milei and Lula da Silva do not have a friendly relation

    The economic rebound of Argentina, under liberal president Javier Milei, has had a significant impact for Brazil, with auto and industrial machinery exports having increased more than 50% so far this year compared to similar period in 2024, points out O Globo news.

  • Thursday, August 21st 2025 - 10:36 UTC

    Stubborn inflation in UK, 3.8% in twelve months to July with air fares, fuel and food prices leading

    The Bank of England inflation target is 2%. Chancellor Rachel Reeves said that “there was more to do to ease the cost of living”.

    The U.K.’s annual inflation rate was higher than expected at 3.8% in July, according to data released by the Office for National Statistics (ONS) on Wednesday. Most economists had anticipated inflation would reach 3.7% in the twelve months to July, after it picked up to 3.6% in June, exceeding forecasts.

  • Thursday, August 21st 2025 - 10:19 UTC

    Moody's upholds Paraguay's investment grading

    All quantitative fiscal targets at the end of December 2024 were met

    The international rating agency Moody's on Tuesday reaffirmed Paraguay's sovereign rating at “Baa3”, maintaining a stable outlook. This rating, considered an investment grade, is the result of the South American country's strong economic performance, fiscal discipline, and institutional stability. The Baa3 rating entails lower financing costs, with better borrowing conditions in terms of interest rates and maturities.

  • Wednesday, August 20th 2025 - 21:41 UTC

    Lula and Macron agree to further discuss EU-Mercosur FTA

    Lula wants the FTA finalized during his pro-tempore presidency of Mercosur

    Brazilian President Luiz Inácio Lula da Silva held a telephone conversation about one hour long Wednesday with his French colleague Emmanuel Macron, during which both leaders pledged to further discuss the Mercosur-European Union Free Trade Agreement to finalize it.

  • Wednesday, August 20th 2025 - 08:55 UTC

    The Bank of England could learn from the Falklands

    Fresh fivers, tens, and twenties are being rolled out: the first new notes since 1984.

    By A. S. H. Smyth, (*)

  • Tuesday, August 19th 2025 - 11:18 UTC

    Uruguay announces economic measures to boost growth

    Uruguay will focus on small and medium-sized enterprises, Oddone explained

    Uruguay's Ministry of Economy and Finance (MEF) has announced a new set of measures to “prioritize” and “streamline” investment to boost growth by making things easier for both national and foreign investors. “There is a political idea of what we want to do,” Minister Gabriel Oddone explained.