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MercoPress, en Español

Montevideo, January 31st 2026 - 05:51 UTC

Economy

  • Friday, January 16th 2026 - 10:20 UTC

    YPF lawsuit: Burford asks US court to hold Argentina in contempt

    Although the ruling has been appealed, US judgments can be enforced pending appeal

    Burford Capital, the main beneficiary of a US$16 billion first-instance ruling against Argentina over the 2012 expropriation of YPF, has asked federal judge Loretta Preska to hold the country in contempt and impose sanctions, citing alleged failures to comply with discovery orders.

  • Thursday, January 15th 2026 - 09:04 UTC

    Falklands, Legislative Assembly portfolio assignments

    The eight elected members of the Legislative Assembly have started to move from Gilbert House to the renewed Sulivan House

    The Falkland Islands elected Legislative Assembly has agreed a revised portfolio system for the 2025-2029 term. Following the December 2025 General Election, Members reviewed the structure to improve focus, and align related policy areas.

  • Tuesday, January 13th 2026 - 10:00 UTC

    Trump spoils Lula's celebration of trade surplus with Iran

    The crisis in Iran is escalating, and Trump will take whichever action he deems necessary

    US President Donald Trump announced on Monday that any nation conducting business with Iran will face a 25% tariff on all trade with Washington, thus crushing earlier celebrations by Brazil's Luiz Inácio Lula da Silva, whose government proudly announced a substantial trade surplus with Tehran, totaling US$2.8 billion in 2025, driven by corn and soybeans.

  • Tuesday, January 13th 2026 - 10:00 UTC

    IMF coming to Venezuela's rescue?

    Unfolding political events in Caracas will play a key role in determining whether that option is available

    US Secretary of the Treasury Scott Bessent announced on Monday a plan to stabilize Venezuela’s collapsing currency by re-engaging with global financial institutions. The strategy consists of unfreezing approximately US$4.9 billion in International Monetary Fund (IMF) Special Drawing Rights (SDRs) to provide much-needed liquidity to Caracas' Central Bank.

  • Saturday, January 10th 2026 - 10:47 UTC

    Bessent praises Argentina on swift repayment of swap

    Bessent noted that emergency interventions were giving way to traditional market confidence

    US Secretary of the Treasury Scott Bessent noted Friday that the Argentine government of President Javier Milei swiftly repaid US$2.5 billion from a recent currency swap in full, framing the operation as a landmark victory for the “America First” agenda and a signal of Buenos Aires' return to financial stability.

  • Saturday, January 10th 2026 - 00:28 UTC

    Venezuela stocks surge 124% a week after Maduro’s removal

    Venezuela’s market is hindered by currency convertibility limits, bureaucratic registration requirements for foreign investors, and a widening black-market exchange rate gap

    Venezuelan assets have surged in a dramatic fashion this week, with the Caracas Stock Exchange’s main index up about 124% in U.S. dollar terms, Bloomberg data shows, as global investors react to political upheaval after the removal of President Nicolás Maduro last Saturday by United States forces.

  • Friday, January 9th 2026 - 20:33 UTC

    EU-Mercosur deal to be signed in Asunción on Jan. 17

    Mercosur Presidents do not need to attend the signing, but they will most likely be there, Lubetkin foresaw

    The Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) will be signed in Paraguay on Saturday, Jan. 17, Argentine Foreign Minister Pablo Quirno confirmed on Friday, following the decisive round of voting in Brussels, where France and its allies failed to reach the minimum number to topple the initiative.

  • Friday, January 9th 2026 - 20:12 UTC

    EU gives nod to Mercosur FTA despite fragmented France's rejection

    Von der Leyen will sign the treaty in Asunción on Monday

    A qualified majority of European Union (EU) member states voted Friday to approve the landmark Free Trade Agreement with the Southern Common Market (Mercosur). The decision marks a historic geopolitical shift, positioning the EU to counter rising US tariffs and Chinese competition, even as it ignites a firestorm of domestic unrest in France.

  • Friday, January 9th 2026 - 10:55 UTC

    It is all-or-nothing for EU-Mercosur FTA in Brussels

    If Italy votes “yes,” France will fail to reach the 35% needed o halt the initiative

    The feasibility of the long-awaited Free Trade Agreement (FTA) between the Southern Common (Market) and the European Union (EU) seems to be just hours away from its all-or-nothing hour, as France, Poland, Hungary, and Ireland have confirmed they would vote against it.

  • Thursday, January 8th 2026 - 10:55 UTC

    Venezuela's new oil revenues to be spent solely on US goods

    Washington wants to become Caracas' new main trading partner in lieu of Moscow, Beijing, or Tehran, Trump explained

    President Donald Trump on Wednesday announced that the proceeds from his country's future oil purchases from Venezuela under caretaker President Delcy Rodríguez will be spent entirely on US-made products, making Washington Caracas' new main trading partner instead of Moscow, Beijing, or Tehran.