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MercoPress, en Español

Montevideo, January 20th 2026 - 08:50 UTC

Economy

  • Thursday, March 20th 2025 - 06:07 UTC

    Brazilian Central Bank raises interest rate to its highest in nine years, 14.25%

    Copom indicated headline inflation and measures of underlying inflation remain above the target and have again increased in recent releases.

    The Brazilian Central Bank Copom (Monetary Policy Committee) raised the benchmark interest rate (Selic) by one full percentage point on Wednesday, from 13.25% to 14.25%, the highest since 2016, the level reached during the political crisis that ousted then president of Dilma Rousseff’s (PT) government.

  • Wednesday, March 19th 2025 - 20:55 UTC

    Falklands Government successfully raises funds for future capital investments

    Among critical projects are the replacement of FIPASS and the development of a new Power Station, which are both essential infrastructure for the Falklands

    The Falkland Islands Government (FIG) has successfully raised £150 million to facilitate investment in the capital program over the coming years, and in particular the replacement Port facility planned for 2027.

  • Wednesday, March 19th 2025 - 20:35 UTC

    Falklands retains S&P Global Ratings A+ with stable outlook; praise for FIG fiscal performance

    MLA Roger Spink “The A+ rating has been achieved on the basis of the many years of political and economic stability found here in the Islands”

    The Falkland Islands Government (FIG) is pleased to announce that S&P Global Ratings have confirmed that the sovereign rating for the Falkland Islands remains at A+ with a stable outlook.

  • Wednesday, March 19th 2025 - 14:23 UTC

    Dollar quotation projected to rise in Paraguay

    The BCP sold US$ 216 million to the local financial market last week in an effort to contain volatility

    The US dollar is continuing to rise in Paraguay despite the Central Bank (BCP) selling US$ 216 million to local financial institutions to stabilize the currency. Experts predict the dollar could reach ₲ 8,000 in the first half of 2025, driven by international tensions and a weak soybean market.

  • Wednesday, March 19th 2025 - 10:55 UTC

    Peronists oppose Milei's intention to take another loan from the IMF

    Milei's DNU circumvented his duty to have Congress approve indebting the country, the PJ argued

    Argentina's Justicialist [Peronist] Party (PJ) led by former President Cristina Fernández de Kirchner (CFK) Tuesday expressed its rejection of President Javier Milei's Emergency Decree (DNU) 179/25 clearing the way for further borrowing from the International Monetary Fund (IMF) with no Congressional approval. The PJ deemed the initiative “illegitimate” and unconstitutional on the grounds that it violated Law 27.612, which requires the Executive to submit full IMF agreement details to Congress, and Article 75 of the National Constitution, which assigns Congress the authority to manage national debt.

  • Tuesday, March 18th 2025 - 11:05 UTC

    Falklands, proposed changes to National Minimum Wage Accommodation

    A consultation will be held from this week to Sunday 13th April, to understand the views of employees, business, and the wider community on the proposed changes.

    The Falkland Islands Government (FIG) Policy Department is reviewing the National Minimum Wage (NMW) Accommodation Offset and has published proposed changes for comment. This follows a first round of consultation, conducted late last year, which identified several issues with the regulation.

  • Monday, March 17th 2025 - 10:22 UTC

    Argentine inflation projected to bounce back this month

    A sharp drop in consumption amid uncertainties regarding a possible understanding with the IMF discourages experts from issuing optimistic projections

    After Argentina's National Institute of Statistics and Census (Inec) announced Friday that the National Consumer Price Index (IPC) in February reached 2.4%, analysts in Buenos Aires foresee it to show another acceleration in March, potentially exceeding February's core inflation rate of 2.9%.

  • Monday, March 17th 2025 - 09:04 UTC

    Argentina's “miracle” on hold, says WSJ

    With the mid-term elections in October, any progress will remain on standby for at least half a year, the WSJ foresaw

    According to The Wall Street Journal, Argentina's economic recovery under President Javier Milei is on hold after the Libertarian Government's 2fragile” achievements have investors cautious, awaiting clearer long-term strategies.

  • Friday, March 14th 2025 - 19:42 UTC

    FAO: Coffee production down brings prices up to all-time high

    Unfavorable weather heralds a smaller coffee production in the long run

    The United Nations Food and Agriculture Organization (FAO) released a report on Friday stating that global coffee prices hit a 13-year high in December last year, driven by reduced production in major exporting countries due to adverse weather.

  • Friday, March 14th 2025 - 10:55 UTC

    Brazil lifts import taxes of foodstuffs to lower inflation

    The measure is temporary, Alckmin explained

    Brazil's Chamber of Foreign Trade's (Camex) Executive Management Committee (Gecex) gave its nod Thursday to the temporary removal of import taxes on nine food items to lower prices for local consumers. The tax exemption applies to boneless frozen beef, roasted and unroasted coffee beans, corn (not for sowing), certain uncooked pasta, cookies, extra virgin olive oil, crude sunflower oil, cane sugar, and preserved sardines (limited to 7,500 tons). Taxes ranging between 7.2% and 32% have been lowered to 0% in a move to curb inflation. The measure is effective starting Friday. Authorities insisted it would only be for a limited time.