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MercoPress, en Español

Montevideo, September 18th 2025 - 16:53 UTC

Economy

  • Thursday, August 21st 2025 - 19:29 UTC

    De Moraes' canceled credit card poses dilemma to Brazilian banks

    Not following US impositions could affect Brazilian banks' businesses abroad, but ignoring the STF could result in local penalties

    After the Banco do Brasil (BB) canceled Supreme Federal Court Justice Alexandre De Moraes' Master Card following instructions stemming from the United States' sanctions under the Magnitsky Act against the magistrate, South America's largest country's institutions were gripped by controversy.

  • Thursday, August 21st 2025 - 10:52 UTC

    Brazil exports benefit from Argentina’s economic rebound

    Trade is booming, 50% higher in the first half of 2025 compared to 2024, and despite the fact that presidents Jaiver Milei and Lula da Silva do not have a friendly relation

    The economic rebound of Argentina, under liberal president Javier Milei, has had a significant impact for Brazil, with auto and industrial machinery exports having increased more than 50% so far this year compared to similar period in 2024, points out O Globo news.

  • Thursday, August 21st 2025 - 10:36 UTC

    Stubborn inflation in UK, 3.8% in twelve months to July with air fares, fuel and food prices leading

    The Bank of England inflation target is 2%. Chancellor Rachel Reeves said that “there was more to do to ease the cost of living”.

    The U.K.’s annual inflation rate was higher than expected at 3.8% in July, according to data released by the Office for National Statistics (ONS) on Wednesday. Most economists had anticipated inflation would reach 3.7% in the twelve months to July, after it picked up to 3.6% in June, exceeding forecasts.

  • Thursday, August 21st 2025 - 10:19 UTC

    Moody's upholds Paraguay's investment grading

    All quantitative fiscal targets at the end of December 2024 were met

    The international rating agency Moody's on Tuesday reaffirmed Paraguay's sovereign rating at “Baa3”, maintaining a stable outlook. This rating, considered an investment grade, is the result of the South American country's strong economic performance, fiscal discipline, and institutional stability. The Baa3 rating entails lower financing costs, with better borrowing conditions in terms of interest rates and maturities.

  • Wednesday, August 20th 2025 - 21:41 UTC

    Lula and Macron agree to further discuss EU-Mercosur FTA

    Lula wants the FTA finalized during his pro-tempore presidency of Mercosur

    Brazilian President Luiz Inácio Lula da Silva held a telephone conversation about one hour long Wednesday with his French colleague Emmanuel Macron, during which both leaders pledged to further discuss the Mercosur-European Union Free Trade Agreement to finalize it.

  • Wednesday, August 20th 2025 - 08:55 UTC

    The Bank of England could learn from the Falklands

    Fresh fivers, tens, and twenties are being rolled out: the first new notes since 1984.

    By A. S. H. Smyth, (*)

  • Tuesday, August 19th 2025 - 11:18 UTC

    Uruguay announces economic measures to boost growth

    Uruguay will focus on small and medium-sized enterprises, Oddone explained

    Uruguay's Ministry of Economy and Finance (MEF) has announced a new set of measures to “prioritize” and “streamline” investment to boost growth by making things easier for both national and foreign investors. “There is a political idea of what we want to do,” Minister Gabriel Oddone explained.

  • Monday, August 18th 2025 - 21:38 UTC

    Lula and Noboa discuss trade beyond ideological discrepancies

    Noboa is on a tour that will also include Uruguay and Argentina

    Brazilian President Luiz Inácio Lula da Silva on Monday welcomed his Ecuadorean colleague Daniel Noboa at the Planalto Palace for a meeting during which both leaders set aside their ideological discrepancies and focused on strengthening trade and cooperation, particularly after Washington's tariffs.

  • Saturday, August 16th 2025 - 10:55 UTC

    YPF case: NY Court of Appeals rules in favor of Argentina

    The stay is limited solely to the June 30 surrender order from Judge Loretta Preska

    The Second Circuit Court of Appeals in New York has suspended a lower court's order that required Argentina to transfer 51% of its shares of the state oil company YPF to a New York bank. This overruling of Judge Loretta Preska's Sept. 2023 order is a significant win for Buenos Aires, as it allows the South American country to appeal the $16 billion judgment without having to surrender a key state asset

  • Saturday, August 16th 2025 - 10:06 UTC

    Belt and Road Initiative: Colombia and China sign key trade deal

    “We are creating the framework for a work plan that will allow us to combine our efforts,” Rusinque explained

    Colombia's Superintendency of Industry and Commerce (SIC) and China's State Administration for Market Regulation signed a memorandum of understanding to strengthen trade cooperation and advance the South American country's participation in the “Belt and Road Initiative” (also known as the “Silk Road”).