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MercoPress, en Español

Montevideo, January 26th 2026 - 12:06 UTC

Economy

  • Tuesday, December 30th 2025 - 09:42 UTC

    Petro orders huge minimum wage increase in Colombia

    Petro's move has been regarded as a farce to condition next year's vote

    Colombian President Gustavo Petro announced on Monday a historic 23.7% increase in the minimum wage for 2026, making it the largest upward adjustment in 25 years. The measure includes transport subsidies.

  • Monday, December 29th 2025 - 10:55 UTC

    Brazil records highest foreign investment inflow in a decade

    In 2025, Brazil thrived regionally, given Argentina's shaky transition and Chile's moderate growth

    The Brazilian government announced on Sunday that Foreign Direct Investment (FDI) reached US$84.1 billion between January and November 2025, marking the highest volume of capital inflow since 2014.

  • Saturday, December 27th 2025 - 10:55 UTC

    Milei gets Congressional nod for 2026 Budget

    “This is not just another law; it is a turning point for Argentina,” LLA Senator Patricia Bullrich stressed

    President Javier Milei's La Libertad Avanza (LLA) scored a key parliamentary victory on Friday when the Senate passed by 46 to 25 votes and one abstention the 2026 Budget Bill, enshrining a “zero deficit” fiscal rule. The Upper House also endorsed the so called Fiscal Innocence Act, shielding private savings from state oversight.

  • Friday, December 26th 2025 - 22:28 UTC

    Brazil: Azul Airlines' stock plummets amid new issuance

    Azul is now viewed as a company in “structural transformation,” with a volatile future ahead

    Azul Airlines' stock experienced a severe market crash on Friday, with shares plummeting as much as 50% during intraday trading before settling at a 25% loss by mid-afternoon. The sell-off follows the airline's massive issuance of new shares as part of its ongoing US Chapter 11 bankruptcy restructuring.

  • Tuesday, December 23rd 2025 - 11:43 UTC

    Uruguay's Economy Minister worried by too much success

    Falling below the Central Bank's target can be as “undesirable” as exceeding it, Oddone explained

    Uruguay's Economy Minister Gabriel Oddone announced Monday that his country's GDP was projected to expand by 2.3% this year. While the figure is slightly lower than initial government forecasts, Oddone emphasized that it represents more than double the average growth rate seen over the past decade.

  • Tuesday, December 23rd 2025 - 11:39 UTC

    Argentine Appellate Court orders Central Bank to disclose details of gold shipments abroad

    The BCRA must now provide the requested documentation or submit an exhaustive, itemized justification for any data it continues to withhold

    The Buenos Aires Federal Administrative Court of Appeals has dealt a significant legal blow to the Central Bank of the Argentine Republic (BCRA), ordering it to release detailed information regarding the shipment of national gold reserves overseas.

  • Friday, December 19th 2025 - 10:53 UTC

    CAF okays US$980mn package for Uruguay

    The package aligns with CAF's evolution into a “green bank” for the region, Díaz-Granados explained

    The Board of Directors of the Development Bank of Latin America and the Caribbean (CAF) has authorized a landmark US$980 million credit operation for Uruguay. This approval represents one of the largest single financial commitments in the organization's history with the country, targeting a massive overhaul of public infrastructure, climate resilience, and social integration.

  • Friday, December 19th 2025 - 09:02 UTC

    Argentine gas brings relief to electricity generation in Uruguay

    The activation of this supply line ends a 20-year period during which Uruguay paid maintenance costs for a largely idle pipeline infrastructure

    Uruguay's state-owned electricity company UTE (technically the Administración Nacional de Usinas y Transmisiones Eléctricas) announced this week that importing gas from neighboring Argentina has resulted in savings of around US$3 million in the first seven days.

  • Friday, December 19th 2025 - 08:47 UTC

    Paraguay's guaraní is most stable currency in the region, Bloomberg finds

    Economy Minister Carlos Fernández Valdovinos highlighted his country's macroeconomic strength

    Paraguay's guaraní (PY₲) has been highlighted as the most stable and highest-performing currency in Latin America for 2025. In a report published this week by the specialized outlet Bloomberg Línea, the Paraguayan currency has appreciated over 17% against the US dollar this year, outperforming Mexican and Colombian pesos.

  • Thursday, December 18th 2025 - 10:55 UTC

    Lula issues ultimatum as Meloni and Macron stall EU-Mercosur FTA

    Brazil will no longer move a finger as long as Lula is president if the FTA is not signed by Saturday

    Brazilian President Luiz Inácio Lula da Silva issued a sharp ultimatum to European leaders on Wednesday, declaring that if the long-awaited EU-Mercosur Free Trade Agreement (FTA) is not signed this Saturday, he will abandon negotiations for the remainder of his presidency.