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MercoPress, en Español

Montevideo, January 20th 2026 - 04:30 UTC

Economy

  • Tuesday, July 29th 2025 - 10:30 UTC

    HSBC sells out operations in Uruguay to leading Brazilian bank

    BTG Pactual is already present in Mexico, Colombia, Peru, Chile, and Argentina

    Brazilian bank BTG Pactual has acquired the Uruguayan operations of British bank HSBC for US$175 million, marking BTG Pactual's entry into Uruguay and HSBC's exit from the market as part of its global restructuring strategy. The deal, announced on Monday, includes both equity and additional capital instruments and is subject to regulatory approvals.

  • Monday, July 28th 2025 - 10:57 UTC

    Milei tells SRA his plans include FTA with US despite Mercosur

    Milei wants Argentina to reenter the world economy as a major trading player

    During his speech at the Argentina Rural Society's (SRA) Annual Exhibition in Buenos Aires, President Javier Milei emphasized his government’s first-year achievements, ongoing reforms, and vision for the future. Among other issues, Milei insisted that his government was seeking an FTA with the United States, circumventing Mercosur constraints.

  • Monday, July 28th 2025 - 10:49 UTC

    US and EU clinch trade agreement

    “I think we both wanted to reach an agreement,” Trump said after meeting with von der Leyen

    The United States and the European Union have reached a trade agreement that will impose a 15% tariff on most European exports to the US, including automobiles, President Donald Trump announced Sunday after meeting with European Commission President Ursula von der Leyen at the former's golf resort in Turnberry, Scotland.

  • Friday, July 25th 2025 - 09:49 UTC

    Argentina and IMF reach technical agreement

    “It should be noted that Argentina managed to return to international capital markets ahead of schedule,” the IMF said

    The Argentine Government of President Javier Milei and the International Monetary Fund (IMF) announced Thursday that they have reached a technical agreement on the first review of the country's Extended Fund Facility (EFF) program. Once approved by the IMF Executive Board, this deal will enable a disbursement of approximately US$2 billion to the South American country.

  • Thursday, July 24th 2025 - 08:36 UTC

    Lula and Sheinbaum discuss joint developments

    Lula suggested expanding the existing trade agreement between the two countries

    Presidents Luiz Inácio Lula da Silva of Brazil and Claudia Sheinbaum of Mexico held a telephone conversation on Wednesday to discuss strengthening bilateral relations and economic cooperation.

  • Wednesday, July 23rd 2025 - 09:35 UTC

    Gopinath leaves IMF to return to Harvard

    Caputo extrañará especialmente a Gopinath en Buenos Aires

    International Monetary Fund Deputy Managing Director Gita Gopinath announced this week that she will be resigning from her position at the end of August to return to teaching at Harvard University. “I have decided to return to my academic roots,” she explained.

  • Friday, July 18th 2025 - 10:43 UTC

    Moody's upgrades Argentina's rating with positive shifting

    “The government's macroeconomic adjustment program has not yet generated an endogenous accumulation of reserves,” Moody's warned

    Moody's has raised Argentina's foreign and local currency credit rating from Caa3 to Caa1, also shifting the outlook from “stable” to “positive.” This upgrade reflects Moody's view that Argentina's broad liberalization of exchange and capital controls, coupled with a new program with the International Monetary Fund (IMF), will improve the availability of foreign currency and ease pressure on external finances.

  • Friday, July 18th 2025 - 10:40 UTC

    Paraguay, UK sign “Friendship Charter”

    The “United Kingdom-Paraguay Friendship Charter” marks a new chapter in bilateral relations

    Paraguayan Foreign Minister Rubén Ramírez Lezcano and British Secretary of State for Foreign Affairs David Lammy signed Thursday in London the so-called “United Kingdom-Paraguay Friendship Charter,” committing both nations to enhanced cooperation across five key areas:

  • Friday, July 18th 2025 - 10:19 UTC

    Embraer likens Trump's tariffs to Covid-19 slowdown

    Embraer has the potential to purchase US$21 billion in US equipment for the aircraft over the next five years, Gomes explained

    Brazillian aircraft manufacturer Embraer, the third-largest in the world behind Boeing and Airbus, estimated that the tariffs announced by the United States against Brazil could have an impact similar to that of the Covid-19 pandemic, when the company saw a 30% drop in revenue and had to reduce its workforce by around 20%.

  • Friday, July 18th 2025 - 10:07 UTC

    Venezuela records GDP growth above 6% in 2Q of 2025

    ”Venezuela's gross domestic product (GDP) has grown by more than 6% in the second quarter,” Maduro announced

    Venezuelan President Nicolás Maduro announced that his country's Gross Domestic Product (GDP) grew by over 6% in the second quarter of 2025, marking the 17th consecutive quarter of economic expansion, following a 9% increase in the first quarter of 2025. Maduro also highlighted previous growth figures of 9% in 2024, 5.5% in 2023, and a significant 15% in 2022.