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MercoPress, en Español

Montevideo, July 23rd 2025 - 10:43 UTC

Economy

  • Wednesday, December 4th 2024 - 09:54 UTC

    Uruguayans do their shopping in Brazil to capitalize on surging US dollar

    Things are usually less expensive on the Brazilian side but the gap has gone wider after recent devaluations of the real

    Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.

  • Tuesday, December 3rd 2024 - 20:46 UTC

    China Eastern Airlines pivotal in Chilean exports

    In the 2024-2025 cherry season, China Eastern Airlines plans to carry some 12,000 tons of these fruits from Chile

    The role of China Eastern Airlines carrying Chilean exports into the Asian giant was highlighted Monday in Beijing, on the opening day of the Chile Week event. China's share in Chile's forestry and livestock shipments rose from 13% in 2013 to 30% in 2023, it was also explained.

  • Tuesday, December 3rd 2024 - 10:55 UTC

    Paris’ obsession against a deal with Mercosur: shortcomings of French agribusiness

    French agribusiness has struggled to maintain competitiveness, not only against producers outside the EU but also within the bloc, particularly Poland and Romania.

    Why is France so committed to avoid making viable the European Union/Mercosur trade and cooperation agreement? Interest group in France argue that domestic agribusiness has been undergoing profound structural changes over the past few decades, among which declining productivity, rising costs, and a waning interest among younger generations in pursuing agricultural work.

  • Tuesday, December 3rd 2024 - 10:33 UTC

    What will the Mercosur summit discuss?

    As Uruguay prepares to hand over Mercosur’s pro tempore presidency to Argentina, this summit could define the bloc’s path forward amid global trade uncertainties

    Montevideo will host the XLV Mercosur Summit on 5-6 December, bringing together South American leaders to discuss pressing regional issues. Outgoing Uruguayan President Luis Lacalle Pou will chair the meeting, along with Argentina's Javier Milei, Brazil's Luiz Inácio Lula da Silva and Paraguay's Santiago Peña. Uruguay's President-elect Yamandú Orsi will also attend.

  • Tuesday, December 3rd 2024 - 08:53 UTC

    Uruguayan oil company Ancap in the red

    Ancap invested US$ 67 million in renewing the La Teja refinery, which accounted for part of the setback

    Uruguay's State-owned oil company Ancap posted losses above US$ 130 million that grew throughout 2024 resulting in a five-year deficit for which its board of directors hold unionists responsible, in addition to a technical stoppage at the La Teja refinery that lasted longer than expected.

  • Tuesday, December 3rd 2024 - 08:36 UTC

    Paraguay heading to a record year of beef exports in 2024

    Paraguay main beef markets are Chile and Taiwan

    In the first eleven months of the year, Paraguay has exported some 320,000 tons of beef with revenue reaching 1,6 billion dollars, indicates data from the National Animal Health and Quality Service (Senacsa).

  • Monday, December 2nd 2024 - 10:12 UTC

    Milei pushes for trade flexibility at Mercosur Summit, eyes U.S. agreement

    Milei’s push for individual trade autonomy aligns with Lacalle Pou’s vision

    Argentine President Javier Milei will attend the Mercosur summit in Montevideo on December 5-6, advocating for the bloc’s members to gain the freedom to sign independent trade agreements. This marks a departure from Mercosur’s traditional collective bargaining stance but stops short of proposing an exit from the bloc.

  • Monday, December 2nd 2024 - 09:23 UTC

    US dollar at bay in Paraguay but expected to grow

    Household consumer credit also went up, the BCP reported

    The US dollar retreated against the Paraguayan guaraní at the end of November but local analysts believe it will keep its upward trend in the days to come. An intervention from the Paraguayan Central Bank (BCP) was needed in October to keep it from crossing the ₲ 8,000 barrier and keep it on a leash to close Friday at ₲ 7,760 from ₲ 7,860 the previous month, thus representing a 1.2% decline.

  • Monday, December 2nd 2024 - 09:01 UTC

    Argentine carmakers lower price of brand-new models

    Buyers might still wait for deeper cuts and 2025 models to get back on the market

    Argentine carmakers announced during the weekend that they would be lowering the retail prices of some of their brand-new models after the suppression of the so-called PAIS tax on transactions abroad, which applied to the import of vehicles and autoparts, it was explained. The measure is also a response to a significant plunge in sales.

  • Saturday, November 30th 2024 - 10:39 UTC

    Sharp fall in unemployment in Brazil

    Marinho said that high interest rates have contributed to the slowdown in job creation

    According to the latest issue of Brazil's Institute of Geography and Statistics (IBGE) Household Sample Survey, unemployment stood at 6.2% in the quarter ending last month, Agencia Brasil reported. It was the lowest mark since the measurement began being tracked in 2012. The previous quarter, ending in July, had a rate of 6.8%, while in the same quarter last year, ending in October, the rate stood at 7.6%.