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MercoPress, en Español

Montevideo, April 5th 2025 - 12:55 UTC

Economy

  • Monday, December 2nd 2024 - 09:23 UTC

    US dollar at bay in Paraguay but expected to grow

    Household consumer credit also went up, the BCP reported

    The US dollar retreated against the Paraguayan guaraní at the end of November but local analysts believe it will keep its upward trend in the days to come. An intervention from the Paraguayan Central Bank (BCP) was needed in October to keep it from crossing the ₲ 8,000 barrier and keep it on a leash to close Friday at ₲ 7,760 from ₲ 7,860 the previous month, thus representing a 1.2% decline.

  • Monday, December 2nd 2024 - 09:01 UTC

    Argentine carmakers lower price of brand-new models

    Buyers might still wait for deeper cuts and 2025 models to get back on the market

    Argentine carmakers announced during the weekend that they would be lowering the retail prices of some of their brand-new models after the suppression of the so-called PAIS tax on transactions abroad, which applied to the import of vehicles and autoparts, it was explained. The measure is also a response to a significant plunge in sales.

  • Saturday, November 30th 2024 - 10:39 UTC

    Sharp fall in unemployment in Brazil

    Marinho said that high interest rates have contributed to the slowdown in job creation

    According to the latest issue of Brazil's Institute of Geography and Statistics (IBGE) Household Sample Survey, unemployment stood at 6.2% in the quarter ending last month, Agencia Brasil reported. It was the lowest mark since the measurement began being tracked in 2012. The previous quarter, ending in July, had a rate of 6.8%, while in the same quarter last year, ending in October, the rate stood at 7.6%.

  • Saturday, November 30th 2024 - 10:25 UTC

    Brazil: US dollar pierces R$ 6 barrier

    Brazil's Central Bank (BCB) did not intervene in the exchange rate

    The US dollar closed for the first time above the psychological R$ 6 barrier on another turbulent day in Brazil's markets, Agencia Brasil reported. The local scene continued to reverberate after the spending cut package announced earlier this week by Finance Minister Fernando Haddad, also impacting the stock exchange scene during the day.

  • Friday, November 29th 2024 - 10:24 UTC

    Brazil's devaluation hits all-time high exchange rate

    Haddad's measures were deemed insufficient to tackle the country's fiscal imbalance

    The US dollar fell an iota short of crossing the R$ 6 barrier after measures announced by the Brazilian Government of President Luiz Inácio Lula da Silva raised uneasiness in South America's largest country Thursday. The local currency has fallen 23.4% this year and 3.36% this week alone.

  • Thursday, November 28th 2024 - 10:45 UTC

    Bolivia highlights gas pumping deal as a source of hard currency

    “We are estimating more than 10 million dollars per month,” Montenegro said

    Bolivia will be collecting some US$ 120 million yearly for allowing Argentine gas from Vaca Muerta through to Brazil, Economy Minister Marcelo Montenegro explained Wednesday during a press conference in which he highlighted the importance of Tuesday's agreement to bringing fresh foreign currency into the country's coffers in addition to its strategic nature in a regional context riddled with energy challenges.

  • Tuesday, November 26th 2024 - 23:19 UTC

    Meat supply resumed to French supermarket chain stores in Brazil after apology

    “If Carrefour France's communication generated confusion ... we apologize,” Bompard said

    French supermarket giant Carrefour apologized so that Brazilian meatpackers would end their boycott of the group and resume deliveries to stores nationwide, Agencia Brasil reported Tuesday. The measure had been adopted after the company's CEO Alexandre Bompard said last week that meat produced in the South American country did not meet European standards for which he was forced to recant.

  • Tuesday, November 26th 2024 - 21:51 UTC

    Paraguay does not accept any harm to its production

    Paraguay is leading the negotiations for an FTA with the United Arab Emirates, Peña underlined

    Paraguayan President Santiago Peña pledged to “firmly” defend his country's meat in the face of recent statements by Carrefour CEO Alexandre Bompard, who refused to continue selling meat from Mercosur countries.

  • Monday, November 25th 2024 - 22:09 UTC

    Inflation a problem in Bolivia as prices soar following road blockades

    We expect that prices in November will tend to go down, Arandia explained

    Former President Evo Morales' followers mounting road blockades at key locations nationwide resulted in shortages and the subsequent surge in the price of products that the government is now worried about inflation probably spiraling, National Statistics Institute (INE) Director Humberto Arandia admitted Sunday.

  • Friday, November 22nd 2024 - 10:20 UTC

    Praise for Milei’s stabilization program: IDB approves 2 billion dollars in loans for Argentina

    The loans will assist the country in key measures to strengthen public finances, energy sector sustainability, and child development

    The Inter-American Development Bank (IDB) Executive Board approved four operations, totaling over 2 billion US dollars to support Argentina's strategy to promote fiscal sustainability and lay the groundwork for sustainable and equitable growth. The loans will assist the country in key measures to strengthen public finances, energy sector sustainability, and child development. Additionally, the IDB will support the City of Buenos Aires in improving access to public health services.