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MercoPress, en Español

Montevideo, November 14th 2025 - 01:22 UTC

Economy

  • Wednesday, October 22nd 2025 - 10:08 UTC

    Argentina: Dollar soars despite Central Bank and US Treasury interventions

    The “blue” dollar went up AR$25 from the previous day

    The Argentine financial market saw significant intervention by both the Argentine Central Bank (BCRA) and the US Treasury on Tuesday to prevent the wholesale dollar from piercing the ceiling of its official exchange band of AR$1,491. The BCRA sold US$45.5 million in reserves to cap the price.

  • Monday, October 20th 2025 - 23:24 UTC

    Trump says Argentines are “fighting for their life”

    “I like the president of Argentina,” Trump said

    US President Donald Trump replied to farmers from his country by defending his support for Argentina's Javier Milei through substantial financial aid. Argentina is “fighting for its life,” people are “dying,” and the South American nation needs help “to survive in a free world,” insisted the Republican leader.

  • Monday, October 20th 2025 - 21:45 UTC

    Argentina and US finalize currency swap deal

    The deal “will allow the BCRA to expand the set of monetary and exchange rate policy instruments available”

    The United States and Argentina formalized a US$20 billion currency swap agreement just days before Argentina's national legislative elections next Sunday.

  • Monday, October 20th 2025 - 10:50 UTC

    Trump confirms new tariffs for Colombia

    Petro “is a low-rated and very unpopular leader with a fresh mouth toward America,” Trump stressed

    US President Donald Trump confirmed on Sunday that the US was preparing to announce significant tariffs on Colombia, following the Republican leader's decision to suspend financial aid to the South American country due to its alleged inaction in the fight against drug trafficking

  • Monday, October 20th 2025 - 10:01 UTC

    Global public debt nearing historic high, IMF finds

    By 2029, the IMF foresees the highest indebtedness level since 1948

    The International Monetary Fund (IMF) Fiscal Monitor report warned that global public debt was nearing a historic high, projected to exceed 100% of Gross Domestic Product (GDP) by 2029. In Latin America, the report identified Brazil, Argentina, and Uruguay as the countries with the highest levels of debt.

  • Monday, October 20th 2025 - 09:56 UTC

    Retail sales plunge in Argentina even for Mother's Day gifts

    The stores' varied strategies failed to increase actual consumption, CAME found

    Waning retail sales in Argentina, even in the wake of Sunday's Mother's Day celebrations, reflected the country's ongoing crisis just one week before the Oct. 26 midterms, according to a survey conducted by the Argentine Confederation of Medium-Sized Enterprises (CAME).

  • Saturday, October 18th 2025 - 10:29 UTC

    Argentine markets remained unconvinced despite US help

    Further volatility is expected next week before the midterms

    Despite interventions from the United States Treasury, financial tensions continue to escalate in Argentina just over a week before the Oct. 26 midterms. The wholesale dollar recorded its biggest daily rise on Friday in almost six weeks, closing at AR$1,450, a 3.5% increase. It briefly reached an intraday high of AR$1,475, putting it just 2.5% below the floating band ceiling of AR$1,489.10.

  • Saturday, October 18th 2025 - 03:28 UTC

    Bolivia concludes its first gold futures sale

    With these funds, “we service the foreign debt and contribute to the provision of fuel,” Rojas explained

    Bolivia's Central Bank (BCB) successfully concluded its first gold futures sale, a transaction executed under a controversial legal framework aimed at bolstering the country's international reserves and foreign currency liquidity. The sale of 3 tons of gold generated a total of US$388.8 million for the BCB.

  • Friday, October 17th 2025 - 20:13 UTC

    US-Argentina relationship: Ambassadors make optimistic remarks

    “A big hug to my Argentine brothers and sisters: Together in freedom!” Lamelas wrote on social media

    Washington's Ambassador to Buenos Aires, Peter Lamelas, announced “big news” was on its way, probably regarding a strengthened economic alliance and a trade agreement. His statements were backed by similar comments from Argentina's mission chief in the United States, Alec Oxenford.

  • Friday, October 17th 2025 - 01:34 UTC

    Argentina's pension system among the worst

    Argentina's ability to pay retirement benefits in the medium and long run was also doubted

    According to the 2025 Mercer CFA Institute Global Pension Index, Argentina's pension system ranked 51st out of 52 countries surveyed, while those of Chile and Uruguay stood out in the region. The Netherlands topped the list globally with a score of 85.4 (A rating).