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MercoPress, en Español

Montevideo, December 21st 2025 - 22:50 UTC

Economy

  • Wednesday, June 18th 2025 - 09:38 UTC

    Chile's Central Bank keeps basic interest rate at 5%

    “The escalation of the war conflict in the Middle East adds further uncertainty to this outlook,” Chile's Central Bank reckoned

    Chile's Central Bank decided Tuesday to maintain the monetary policy interest rate at 5%, unchanged since December 2024, due to global economic uncertainties, particularly from escalating trade tensions and the Iran-Israel conflict in the Middle East, which pose risks to the US and global economies.

  • Monday, June 16th 2025 - 10:55 UTC

    Barrage of chaisaw decrees expected in Buenos Aires

    If these cuts are not enacted by July 8, they will have to wait after the Oct. 26 mid-term elections, Sturzenegger explained

    After President Javier Milei returned Saturday from a ten-day tour including key European cities plus Israel, Buenos Aires is bracing for a barrage of further chainsaw decrees aimed at cutting down State spending as the powers in this regard delegated onto the head of State are to expire on July 8.

  • Friday, June 13th 2025 - 09:29 UTC

    Indec says Argentina's inflation in May stood at 1.5%

    Caputo celebrated the news saying his country has the best president in the world

    Argentina's Consumer Price Index (CPI) recorded a 1.5% increase last month, the National Institute of Statistics and Census (Indec) announced Thursday. It was the lowest monthly inflation rate since May 2020 and closer to 1.4% from November 2017.

  • Wednesday, June 11th 2025 - 20:01 UTC

    Canadian PM invites Lula over to G7 Summit

    In a phone call on Wednesday, Carney formalized the invitation

    Brazilian President Luiz Inácio da Silva of Brazil will be attending the G7 Summit in Kananaskis, Canada, on June 17, following an invitation from Prime Minister Mark Carney. The South American leader will participate in an extended session with other invited nations, including South Africa, Australia, and India, and will also hold a bilateral meeting with Carney.

  • Wednesday, June 11th 2025 - 10:24 UTC

    French companies interested in relocating production to Paraguay

    In this scenario, Asunción will host the EU-Paraguay 2025 Investment Forum later this month

    French companies have been reported to be exploring the relocation of their production to Paraguay, drawn by its maquila regime and strategic geographic location, according to Benoit Libourel, president of the Paraguayan-French Chamber of Commerce.

  • Monday, June 9th 2025 - 20:18 UTC

    FAO Food Price Index dips in May amid lower cereal, sugar and vegetable oil prices

    Global maize prices declined sharply, owing to strong harvests and robust availability in Argentina and Brazil and expectations of a record crop in the United States

    The benchmark of world food commodity prices dropped in May as marked declines in international quotations for maize and palm oil outweighed historically high prices for butter and bovine meat, the Food and Agriculture Organization of the United Nations (FAO) reported.

  • Wednesday, June 4th 2025 - 19:02 UTC

    Further investments in Paraguay announced after Singapore deal

    “Paraguay has one of the most advanced laws in terms of carbon credits,” Siokos explained

    Astarte Capital Partners representative Stavros Siokos announced that the investors were evaluating further disbursements in Paraguay through the Second Forestry Fund to reach US$ 700 million following the South American country's carbon credit understanding last week with Singapore under Article 6 of the Paris Agreement.

  • Wednesday, June 4th 2025 - 10:34 UTC

    OECD expects Argentina to grow more than other G20 nations

    Argentina’s outlook remains robust, the OECD said

    According to the biannual Organization for Economic Co-operation and Development's (OECD) 2025 Economic Outlook published Tuesday, Argentina is projected to experience significant economic growth of 5.2% in 2025 and 4.3% in 2026, the highest among Latin American G20 countries and second only to India globally.

  • Wednesday, June 4th 2025 - 10:25 UTC

    Significant growth in Paraguayan exports reported

    Brazil accounted for 99% of Paraguay's wheat shipments

    Paraguayan exports have recorded significant improvements this year, according to reports released in Asunción this week.

  • Tuesday, June 3rd 2025 - 10:38 UTC

    Chavista regime cracks down on black market dollar handlers

    Black market traders were arrested in multiple states nationwide

    Venezuelan authorities arrested 15 men and 10 women for their alleged involvement in manipulating the black market dollar, impacting the economy. The suspects, including operators, managers, liquidity providers, developers, programmers, and payment receivers, handled 18 websites setting parallel dollar prices, causing economic distortions. Some of these portals illegally captured funds without banking authorization, it was explained.