Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 5th 2025 - 12:53 UTC

Economy

  • Saturday, November 16th 2024 - 10:43 UTC

    Sheinbaum not happy with Moddy's lowering Mexico's grading

    “We are going to get ahead next year,” Sheinbaum insisted

    Mexican President Claudia Sheinbaum Friday expressed her disappointment after the credit rating agency Moody's lowered her country's grading from stable to negative citing an alleged “institutional weakening.” The newly elected head of state insisted “more arguments or evidence” were needed to back up that claim and denounced that there was a bias against Mexico. On Thursday, Moody's changed Mexico's credit outlook from stable to negative, due to a recent reform to the Judiciary.

  • Saturday, November 16th 2024 - 10:37 UTC

    Peru signs key FTA with Hong Kong

    Peru will become a platform of opportunities for Hong Kong businessmen and investors, Boluarte said

    Just one day after the opening of the China-financed megaport in Chancay just a few miles north of Lima, Peru signed a Free Trade Agreement (FTA) with Hong Kong to further deepen its commitment to Pacific Ocean trade. The understanding was achieved in the framework of the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit in the South American country's capital.

  • Friday, November 15th 2024 - 10:55 UTC

    France wants Mercosur-EU deal not signed

    France will do its utmost to prevent such an agreement from being signed, Armand was quoted as saying

    France will not be signing a Free Trade Agreement (FTA) between the European Union and the Southern Common Market (Mercosur), the Russian news service Sputnik reported Thursday. In fact, Paris will do its utmost to block it.

  • Thursday, November 14th 2024 - 04:21 UTC

    Paraguay records US$ 57 million foreign trade surplus in October

    Imports went up and exports went down last month

    Central Bank of Paraguay (BCP) foreign trade (Comex) report released Wednesday in Asunción showed a US$ 57.1 million surplus last month after exports amounted to US$ 13.6649 billion against imports worth US$ 13.6077 billion. In other words, sales fell 4.5% yoy while purchases grew 5.1%.

  • Wednesday, November 13th 2024 - 12:23 UTC

    Macron adding Buenos Aires and Santiago to G20 South American tour

    Macron is launching a new phase in France's ties with South America

    French President Emmanuel Macron will be making state visits to Argentina and Chile as part of his South American tour to attend the G20 Summit in Rio de Janeiro, it was confirmed in diplomatic circles. Macron will first get together with his Argentine colleague Javier Milei to discuss climate change and other bilateral issues between Nov. 16 and 17. Then, he will head for Brazil's gathering of world leaders on Nov. 18 and 19. And then he will travel to Santiago for talks with Gabriel Boric Font.

  • Wednesday, November 13th 2024 - 10:46 UTC

    Indec says Argentina's inflation in October stood at 2.7%

    Inflation is a battle won, Caputo stressed

    Argentina's National Institute of Statistics and Census (Indec) Tuesday announced that the Consumer Price Index (CPI) went up 2.7% in October, which represented a significant slowdown from previous months despite an interannual 193% increase and 107% in 2024 alone. October's inflation was the lowest figure in almost three years. In November 2021, it stood at 2.5%. September's inflation was 3.5%.

  • Wednesday, November 13th 2024 - 09:49 UTC

    Milei sees end of currency exchange restrictions on the horizon

    “I enjoy shrinking the State, it gives me enormous pleasure,” Milei told a group of businessmen

    Argentine President Javier Milei said Tuesday that his country could be months away from lifting the currency exchange stocks after the National Institute of Statistics and Census (Indec) said October's inflation stood at 2.7%.

  • Wednesday, November 13th 2024 - 09:30 UTC

    Fall in unemployment reported in Paraguay

    The INE also found that people on a salary outnumbered those self-employed

    Paraguay's Labor Ministry confirmed this week a fall in unemployment after nearly 57,000 people found new jobs during this year's third quarter. Between April and June, there were 2,849,766 registered workers and the number went up to 2,906,475 between July and September, the Labor Observatory pointed out. Of the 56,709 new jobs, around 41,000 stemmed from the private sector.

  • Tuesday, November 12th 2024 - 10:53 UTC

    Milei says Argentina “entering its best moment in the last 100 years”

    “We are already seeing the bubbles of the diver's fart,” the scholar Milei explained

    Argentine President Javier Milei insisted Monday that his country was “entering its best moment in the last 100 years,” despite what the rank and file may perceive amid soaring prices and dwindling wages. “I say to all private sector players: take advantage of getting on the progress train now because it is cheaper to buy,” added the head of state during a visit to the headquarters of the virtual wallet platform Ualá.

  • Tuesday, November 12th 2024 - 06:38 UTC

    Food insecurity feared in Bolivia after weeks-long road blockades

    “Without diesel, there is no food for 2025,” agricultural growers concurred

    Bolivia's Association of Oilseed and Wheat Producers (Anapo) President Fernando Romero said Monday that diesel fuel shortages seriously threatened food supply in the short run as well as production in the future. Romero told the Chinese news service Xinhua that hundreds of companies in eastern Bolivia were on the brink of bankruptcy and pointed out that only 20% of rice growers had started planting.