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MercoPress, en Español

Montevideo, February 9th 2026 - 04:41 UTC

Economy

  • Thursday, January 6th 2022 - 07:37 UTC

    UK/Falklands 2021 trade in goods and services was down 9,7% compared to the previous year

    Falkland Islands was the UK’s 139th largest trading partner in the four quarters to the end of Q2 2021 accounting for less than 0.1% of total UK trade.

    Total trade in goods and services (exports plus imports) between the UK and Falkland Islands was £112 million in the four quarters to the end of Q2 2021, a decrease of 9.7% or £12 million from the four quarters to the end of Q2 2020. Figures are from the UK ONS, Office for National Statistics.

  • Thursday, January 6th 2022 - 07:27 UTC

    GM no longer King of the Hill; Toyota tops car sales in US market for the first time

    Toyota annual sales in the US grew by 10.4% to 2.3 million, while General Motors suffered a 12.9% drop to 2.2 million.

    General Motors is no longer King of the Hill. Japanese carmaker Toyota led United States automobile sales for the first time in 2021 indicated Automotive News. The shift at the top of the rankings came after a year in which assembly lines were plagued by a scarcity of crucial computer chips, resulting in steep fourth-quarter sales declines for both companies.

  • Wednesday, January 5th 2022 - 10:17 UTC

    In three decades the Argentine Peso equivalent to one dollar, is now worth less than 5 US cents

    Since then inflation in Argentina has reached 435%, and according to John Hopkins University the Argentine Peso became the sixth most devalued currency

    Some three decades ago the new Argentine democratically elected government takes office determined to put an end to endemic inflation when not hyperinflation. The new scheme was convertibility, making the Peso equivalent to one US dollar. Following strictly to the book, this meant a tight rein on spending and selling government companies that only accumulated deficits.

  • Tuesday, January 4th 2022 - 17:57 UTC

    Foreign trade yield US $ 15 billion to Argentina's Central Bank in 2021

    If projections are confirmed, 2021 would be the fifth best performance so far this century

    Foreign trade has meant around US $ 15 billion for Argentina's Central Bank (BCRA) in 2021, according to projections reported Monday in Buenos Aires. It became the fifth best surplus so far in the 21st century, despite November's US $ 117 million deficit, the first setback since 2018.

  • Tuesday, January 4th 2022 - 06:45 UTC

    Cannabis developers eye Paraguay to further expand their business

    CPlant is also negotiating with Uruguay's government the authorization to grow and export psilocybin fungi for medical purposes

    As cannabis gradually transitions from a cultural drug to just an agricultural product like any other, Paraguay's unique conditions make it a destination of choice for those trying to develop the newly-legalized business, according to a report carried by the Buenos Aires daily Perfil.

  • Tuesday, January 4th 2022 - 06:13 UTC

    Santa Claus turned out to be Spanish bank Santander: deposits in 2,000 business accounts were made twice

    Santander staff deposited £130m into 75,000 accounts on 25 December

    Santa Claus apparently is Spanish bank Santander which deposited £130m into 75,000 accounts on 25 December. Santander's staff are now rushing to recover the money, although the job is being made more difficult because much of it was deposited in accounts at rival banks, according to The Times.

  • Monday, January 3rd 2022 - 21:57 UTC

    Peru's inflation the highest in 13 years

    The devaluation of the local sol against the US dollar played a part in Peru's annual inflation

    Peru's inflation for 2021 has reached 6.43%, thus becoming the highest in the last 13 years and twice as high as the Government's target range, set at 3%. It was also over three times over 2020's annual record of 1.97%.

  • Monday, January 3rd 2022 - 09:56 UTC

    Strong recovery of employment in most of Chile

    The 7,5% figure is the seventh consecutive mobile quarter, (September-November), which has seen a systematic reduction in unemployment

    Unemployment in Chile is down to 7,5%, the lowest since January 2020, according to the country's stats office INAE. The 7,5% figure is the seventh consecutive mobile quarter, (September-November), which has seen a systematic reduction in unemployment plus a simultaneous standing recovery of lost jobs, some 74,6% of the two million wiped out by the coronavirus pandemic.

  • Monday, January 3rd 2022 - 09:27 UTC

    Mar del Plata fears offshore oil wells may end up damaging the city's economy

    The Atlantic coast off Mar del Plata: Fishing, tourism or oil. Can you win them all?

    Argentina's government has issued an environmental impact declaration for offshore oil drilling off the coast of Mar del Plata which has prompted voiceful objections from local residents, particularly Mayor Guillermo Montenegro of the opposition Juntos por el Cambio (JxC), while Federal Energy Secretary Darío Martínez welcomed the decision.

  • Monday, January 3rd 2022 - 09:20 UTC

    The Euro at 20

    The ECB has helped quell Euro zone exit speculation, ensuring that borrowers in all member states have access to similarly priced credit

    By Jean Pisani-Ferry (*) – Twenty years ago, on January 1, 2002, citizens of 12 European countries began using new euro banknotes and coins. A larger-than-life project – emblematic of a time when European leaders were bold enough to step into the unknown – thus became a tangible reality.