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MercoPress, en Español

Montevideo, December 5th 2025 - 09:41 UTC

Economy

  • Wednesday, April 2nd 2025 - 10:45 UTC

    Milei announces new trip to US to seek help

    Milei meeting with Trump to speed up negotiations with the IMF is expected but not confirmed

    Argentine President Javier Milei is set to travel to the United States again late Wednesday after the April 2 Malvinas Veterans' Day ceremony, probably to meet his local colleague, Donald Trump, at the latter's Mar-a-Lago residence. However, this encounter has not been confirmed.

  • Wednesday, April 2nd 2025 - 09:10 UTC

    Embraer announces sale of four C-390s to Sweden

    Operational since 2019, the C-390 can land on rough airstrips, combining cargo transport with medical evacuation and aerial firefighting roles

    Brazilian aircraft manufacturer Embraer announced Tuesday at the LAAD Defence & Security 2025 event in Rio de Janeiro that it had clinched a US$ 710 million deal to sell four C-390 Millennium military transport units to Sweden.

  • Wednesday, April 2nd 2025 - 08:58 UTC

    Foreign travelers increasingly pouring into Brazil

    These results are ”thanks to the joint work of the public and private sectors,” Freiixo explained

    Brazil's revenues from international tourism hit a record US$ 823 million in February 2025, representing a 22.2% yoy increase, local authorities reported Tuesday.The arrival of over 1.3 million international visitors contributed a total of US$ 1.6 billion in tourism revenue for the first two months of the year, a 10.4% rise compared to 2024.

  • Tuesday, April 1st 2025 - 10:52 UTC

    Milei celebrates official figures showing a decline in poverty

    “The drop in the number of poor people is more than ten million,” Milei noted

    Argentine President Javier Milei Monday boasted his administration's achievement of lowering poverty from 52.9% in the first semester of 2024 to 38.1% by the end of the year, compared to 41.7% at the end of 2023. Indigence (extreme poverty) also decreased to 8.2% from higher levels earlier in the year, according to a report released Monday by the National Institute of Statistics and Census (Indec).

  • Tuesday, April 1st 2025 - 10:24 UTC

    World Bank Chief due in Asunción after almost 50 years

    Banga is obliging a personal invitation from President Santiago Peña

    World Bank Group (WBG) President Ajay Banga is due in Asunción Tuesday for a historic visit to Paraguay, the first by a man in his position in nearly 50 years since Robert McNamara’s in 1976. Invited by Paraguayan President Santiago Peña, Banga aims to strengthen bilateral ties, focusing on sustainable development, job creation, and private investment.

  • Monday, March 31st 2025 - 10:35 UTC

    Formal employment up in Brazil last month

    In the quarter ending in February, the country's employed population was 102.7 million people, the IBGE survey found

    The Brazilian Government of President Luiz Inácio Lula da Silva recorded a positive balance of 431,995 formal jobs in February 2025, marking the highest monthly figure in the Labor Ministry's New General Register of Employed and Unemployed (New Caged) series since it began in 2020.

  • Monday, March 31st 2025 - 09:07 UTC

    Lula clinches meat export deal to Vietnam

    Hanoi is “finally going to buy Brazilian meat for the Vietnamese market,” celebrated Lula

    Brazilian President Luiz Inácio Lula da Silva announced this weekend that he clinched a meat export deal with Vietnam during his meeting with Vietnamese Prime Minister Phạm Minh Chinh, thus adding a new notch to bilateral trade, which last year amounted to US$ 7.7 billion with a US$ 415 million surplus for the South American country.

  • Saturday, March 29th 2025 - 10:23 UTC

    Argentina: Skyrocketing food prices threaten gov't inflationary targets

    It is highly unlikely that Milei's administration can record a 2% inflation in March with food prices going up as they are

    Argentina is experiencing a sharp increase in food prices, complicating the government's goal of keeping inflation close to 2%. Private consulting firms report that food prices rose by approximately 3.2% to 4% so far this month, with total inflation projected to be between 2.4% and 3%. Key drivers include dairy and eggs (up 5.8%), meat (up 5%), vegetables (up 3.3%), and beverages (up 2.2%).

  • Saturday, March 29th 2025 - 10:14 UTC

    Slight drop in unemployment in Uruguay and Chile

    February was Uruguay's last month under President Luis Lacalle Pou. Photo: Sebastián Astorga

    Uruguay's unemployment rate slightly decreased to 7.9% in February from 8.1% in January, according to a National Statistics Institute (INE) report released Friday. This represents a 0.2% drop month-over-month and a 0.4% decrease compared to February 2024, with approximately 150,900 people unemployed. The employment rate remained stable at 59.4%, while the activity rate saw a minor decline from 64.6% to 64.5%. It was President Luis Lacalle Pou's last month in office. Yamandú Orsi was sworn in on March 1.

  • Friday, March 28th 2025 - 10:33 UTC

    Argentina secures $20B IMF deal, aims to boost Central Bank reserves to $50B

    Milei said there would be no devaluation because the problem is the lack of pesos, not the lack of dollars

    Argentina’s Economy Minister Luis Toto Caputo announced Thursday that the loan negotiated with the International Monetary Fund (IMF) amounts to US$ 20 billion disbursement from the IMF, which, in addition to further borrowing from the Interamerican Development Bank (IDB), the World Bank, and the CAF would leave the Central Bank's (BCRA) reserves around US$50 billion.