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MercoPress, en Español

Montevideo, October 28th 2025 - 04:22 UTC

Economy

  • Monday, October 20th 2025 - 09:56 UTC

    Retail sales plunge in Argentina even for Mother's Day gifts

    The stores' varied strategies failed to increase actual consumption, CAME found

    Waning retail sales in Argentina, even in the wake of Sunday's Mother's Day celebrations, reflected the country's ongoing crisis just one week before the Oct. 26 midterms, according to a survey conducted by the Argentine Confederation of Medium-Sized Enterprises (CAME).

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  • Saturday, October 18th 2025 - 10:29 UTC

    Argentine markets remained unconvinced despite US help

    Further volatility is expected next week before the midterms

    Despite interventions from the United States Treasury, financial tensions continue to escalate in Argentina just over a week before the Oct. 26 midterms. The wholesale dollar recorded its biggest daily rise on Friday in almost six weeks, closing at AR$1,450, a 3.5% increase. It briefly reached an intraday high of AR$1,475, putting it just 2.5% below the floating band ceiling of AR$1,489.10.

  • Saturday, October 18th 2025 - 03:28 UTC

    Bolivia concludes its first gold futures sale

    With these funds, “we service the foreign debt and contribute to the provision of fuel,” Rojas explained

    Bolivia's Central Bank (BCB) successfully concluded its first gold futures sale, a transaction executed under a controversial legal framework aimed at bolstering the country's international reserves and foreign currency liquidity. The sale of 3 tons of gold generated a total of US$388.8 million for the BCB.

  • Friday, October 17th 2025 - 20:13 UTC

    US-Argentina relationship: Ambassadors make optimistic remarks

    “A big hug to my Argentine brothers and sisters: Together in freedom!” Lamelas wrote on social media

    Washington's Ambassador to Buenos Aires, Peter Lamelas, announced “big news” was on its way, probably regarding a strengthened economic alliance and a trade agreement. His statements were backed by similar comments from Argentina's mission chief in the United States, Alec Oxenford.

  • Friday, October 17th 2025 - 01:34 UTC

    Argentina's pension system among the worst

    Argentina's ability to pay retirement benefits in the medium and long run was also doubted

    According to the 2025 Mercer CFA Institute Global Pension Index, Argentina's pension system ranked 51st out of 52 countries surveyed, while those of Chile and Uruguay stood out in the region. The Netherlands topped the list globally with a score of 85.4 (A rating).

  • Thursday, October 16th 2025 - 20:10 UTC

    Haddad insists on taxing super rich to fight social inequality

    Multilateralism and tax justice are essential for a “greener, more stable, and more inclusive” global economy, Haddad argued

    Brazil's Finance Minister Fernando Haddad reinforced his stance regarding global taxation of the super-rich to finance the fight against the climate crisis and to fight social inequality. He outlined his position in a letter at the 2025 annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, DC.

  • Thursday, October 16th 2025 - 09:33 UTC

    Bessent steps in to keep dollar from soaring in Argentina

    El cambio de tendencia en el mercado se produjo por la tarde, cuando Bessent anunció que volvería a vender dólares

    Argentina's financial markets bounced back on Wednesday following an intervention and new statements from US Secretary of the Treasury Scott Bessent after initial fearful trading resulting from US President Donald Trump's conditional endorsement of the South American country.

  • Wednesday, October 15th 2025 - 10:55 UTC

    Trump sends stern warning about future US economic aid to Argentina

    Milei and Trump had lunch with their teams, but no one-on-one talk

    US President Donald Trump said on Tuesday that his country's help to Argentina hinged on Javier Milei's La Libertad Avanza (LLA) winning the upcoming midterms, followed by reelection in 2027. Trump stressed that the upcoming elections were “very important” and “being watched by the world.”

  • Wednesday, October 15th 2025 - 10:41 UTC

    Paraguayan e-commerce becomes a consolidated business

    The average Paraguayan shopper uses 2.5 different channels

    According to the Paraguayan Chamber of Electronic Commerce (Capace), the activity in the South American country is going through its best year with a projected growth of 75% compared to 2024, thanks to the digitalization of small businesses and increasing consumer confidence.

  • Wednesday, October 15th 2025 - 03:09 UTC

    Indec says inflation in Argentina went up 2.1% last month

    The Indec's figures matched the REM projections

    According to a report released on Tuesday by Argentina's National Institute of Statistics and Censuses (Indec), the country's Consumer Price Index (CPI) increased by 2.1% in September 2025, for an accumulated 22% in the first three quarters of the year and a 31.8% interannually.