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MercoPress, en Español

Montevideo, February 9th 2026 - 06:01 UTC

Economy

  • Thursday, December 16th 2021 - 09:22 UTC

    Venezuelan exports grow 30% compared to 2020

    Crab has replaced oil as Venezuela's main product exported to the US

    The president of the Venezuelan Association of Exporters (AVEX) Ramón Goyo Wednesday announced a 30% increase in sales abroad compared to 2020 figures, which has allowed producers to make up for a sharp decrease in domestic consumption.

  • Thursday, December 16th 2021 - 09:17 UTC

    Venezuela, Belarus strengthen bilateral ties

    “Despite the great distance that separates us, we have enormous economic and political coincidences with Belarus,” Adán Chávez said

    The Governments of Venezuela and Belarus agreed Wednesday to set up in Caracas the VIII High-Level Joint Committee between the two countries to foster trade agreements and bilateral ties, it was reported.

  • Thursday, December 16th 2021 - 09:00 UTC

    World's largest sovereign fund screening companies for sustainability risk

    This year the fund has assessed sustainability risk of more than 400 companies that were added to the index, and chose to refrain from investing in nine companies

    By Tsvetana Paraskova for Oilprice.com – The world's largest sovereign wealth fund, Norway's US$ 1.4 trillion Government Pension Fund Global (GPFG), is pre-screening companies for sustainability risk before deciding to invest in them and, within one decade, it has divested from 366 firms that it has assessed as lacking sustainable business models.

  • Wednesday, December 15th 2021 - 20:43 UTC

    Argentina might raise interest rates to keep US dollar at bay

    The BCRA is looking for alternatives to avoid a sharp devaluation of the Argentine peso

    Argentina's Central Bank (BCRA) is considering raising the interest rate, in accordance with a suggestion from the International Monetary Fund (IMF), it was reported Wednesday in Buenos Aires.

  • Wednesday, December 15th 2021 - 09:55 UTC

    Argentina's November inflation “only” 2.5%

    With the “meat effect” removed, ”you will have the right measurement of whether the basket was an anti-inflationary anchor or not,” Feletti explained

    Argentina's monthly inflation in November reached 2.5% for an accumulated 45.4% so far this year and 51.2% in the last twelve months, it was announced Tuesday in Buenos Aires by the National Institute of Statistics and Censuses (Indec).

  • Wednesday, December 15th 2021 - 09:50 UTC

    Chilean central bank increases interest rate reference to 4%, highest since 2014

    The Monetary Policy rate will continue the trend ”above its nominal neutral level (coherent with 3% inflation) for the coming horizon of monetary policy (24 months)” said the central bank.

    The Chilean Central Bank's Monetary Policy meeting on Tuesday raised the reference interest rate 125 base points to 4%, the highest since June 2014. The decision came as no surprise for markets since the bank is determined to contain inflation, (6,7% in the twelve months to November) and anticipated it will continue on the path for as long as necessary.

  • Wednesday, December 15th 2021 - 09:40 UTC

    Flybondi fleet to grow, new jobs created

    Commercial aviation brings on genuine jobs, Sana said

    Argentine budget airline Flybondi has announced plans to expand its fleet to 10 aircraft. The increase in operations would result in 400 new direct jobs, CEO Maurio Sana, announced Tuesday

  • Wednesday, December 15th 2021 - 09:38 UTC

    Putin eyes ruble-peso scheme with Argentina to drop US dollar in bilateral trade

    The potential sale of Russian military equipment to Argentina was also discussed

    Russian officials who met last week with Argentine economy authorities have reportedly conveyed a proposal from President Vladimir Putin's Government to drop the US dollar and hold bilateral trade operations through a conversion scheme between rubles and pesos.

  • Monday, December 13th 2021 - 19:45 UTC

    BMW signs deal to buy Argentine lithium

    Argentina ranked 4th in lithium production back in 2019

    German automaker BMW has signed a deal whereby Livent, a company that has invested US $ 640 million to extract lithium in the Argentine province of Catamarca, will become the brand's second-largest supplier of the mineral in 2022.

  • Saturday, December 11th 2021 - 09:58 UTC

    Argentina will not jeopardize growth, president says

    “Argentina is a symbol of human rights throughout the world,” Alberto Fernández said

    President Alberto Fernández Friday said his country will not accept any imposition which may put growth at risk when negotiating with foreign creditors. The Argentine head of state made those remarks from a stage in front of Casa Rosada he shared with former Presidents José Mujica of Uruguay, Luiz Inácio Lula Da Silva of Brazil and Cristina Fernández de Kirchner, Argentina's current Vice President.