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MercoPress, en Español

Montevideo, April 5th 2025 - 12:53 UTC

Economy

  • Thursday, December 5th 2024 - 10:55 UTC

    Mercosur-EU deal at stake at Montevideo Summit starting Thursday

    Von der Leyen's presence is interpreted as a will on the part of most EU members to conclude the FTA

    The Southern Common Market (Mercosur) hopes to clinch the Free Trade Agreement (FTA) with the European Union (EU) during the two-day regional bloc's Summit starting Thursday in Montevideo with European Commission President Ursula von der Leyen as the main guest.

  • Thursday, December 5th 2024 - 06:05 UTC

    Shipping sectors benefit from the Red Sea blockade, boosting demand for ships and higher fares

    Data from Clarksons Research, seaborne trade remains on track to record a 6.5% growth in ton-miles this year, the fastest rate of expansion for 14 years

    But the Red Sea shipping scenario with the Houthis attacks, and to a smaller extent, the drought in Panama – have had as can be expected in such situations, some sectors that can benefit. That is why most shipping sectors have experienced the strongest growth in ton-miles registered this year since 2010, helping prop up rates to highly profitable levels

  • Wednesday, December 4th 2024 - 21:30 UTC

    Brazil: IBGE says growth in 3Q reached 0.9%

    The IBGE also reported that the GDP growth for 2023, previously published as 2.9%, has been revised upward to 3.2%

    Brazil's economy grew 0.9% in the third quarter of 2024, according to data released this week, Agencia Brazil reported Wednesday citing figures from Brazil's Institute of Geography and Statistics (IBGE), which represented a 4% yoy increase in the country's Gross Domestic Product (GDP)—the total of all goods and services produced nationwide.

  • Wednesday, December 4th 2024 - 09:54 UTC

    Uruguayans do their shopping in Brazil to capitalize on surging US dollar

    Things are usually less expensive on the Brazilian side but the gap has gone wider after recent devaluations of the real

    Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.

  • Tuesday, December 3rd 2024 - 20:46 UTC

    China Eastern Airlines pivotal in Chilean exports

    In the 2024-2025 cherry season, China Eastern Airlines plans to carry some 12,000 tons of these fruits from Chile

    The role of China Eastern Airlines carrying Chilean exports into the Asian giant was highlighted Monday in Beijing, on the opening day of the Chile Week event. China's share in Chile's forestry and livestock shipments rose from 13% in 2013 to 30% in 2023, it was also explained.

  • Tuesday, December 3rd 2024 - 10:55 UTC

    Paris’ obsession against a deal with Mercosur: shortcomings of French agribusiness

    French agribusiness has struggled to maintain competitiveness, not only against producers outside the EU but also within the bloc, particularly Poland and Romania.

    Why is France so committed to avoid making viable the European Union/Mercosur trade and cooperation agreement? Interest group in France argue that domestic agribusiness has been undergoing profound structural changes over the past few decades, among which declining productivity, rising costs, and a waning interest among younger generations in pursuing agricultural work.

  • Tuesday, December 3rd 2024 - 10:33 UTC

    What will the Mercosur summit discuss?

    As Uruguay prepares to hand over Mercosur’s pro tempore presidency to Argentina, this summit could define the bloc’s path forward amid global trade uncertainties

    Montevideo will host the XLV Mercosur Summit on 5-6 December, bringing together South American leaders to discuss pressing regional issues. Outgoing Uruguayan President Luis Lacalle Pou will chair the meeting, along with Argentina's Javier Milei, Brazil's Luiz Inácio Lula da Silva and Paraguay's Santiago Peña. Uruguay's President-elect Yamandú Orsi will also attend.

  • Tuesday, December 3rd 2024 - 08:53 UTC

    Uruguayan oil company Ancap in the red

    Ancap invested US$ 67 million in renewing the La Teja refinery, which accounted for part of the setback

    Uruguay's State-owned oil company Ancap posted losses above US$ 130 million that grew throughout 2024 resulting in a five-year deficit for which its board of directors hold unionists responsible, in addition to a technical stoppage at the La Teja refinery that lasted longer than expected.

  • Tuesday, December 3rd 2024 - 08:36 UTC

    Paraguay heading to a record year of beef exports in 2024

    Paraguay main beef markets are Chile and Taiwan

    In the first eleven months of the year, Paraguay has exported some 320,000 tons of beef with revenue reaching 1,6 billion dollars, indicates data from the National Animal Health and Quality Service (Senacsa).

  • Monday, December 2nd 2024 - 10:12 UTC

    Milei pushes for trade flexibility at Mercosur Summit, eyes U.S. agreement

    Milei’s push for individual trade autonomy aligns with Lacalle Pou’s vision

    Argentine President Javier Milei will attend the Mercosur summit in Montevideo on December 5-6, advocating for the bloc’s members to gain the freedom to sign independent trade agreements. This marks a departure from Mercosur’s traditional collective bargaining stance but stops short of proposing an exit from the bloc.