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MercoPress, en Español

Montevideo, December 1st 2025 - 03:05 UTC

Economy

  • Thursday, November 6th 2025 - 10:51 UTC

    Brazil's productive sectors uneasy with Selic kept at 15%

    Brazil's industry, commerce, and trade sectors criticized the measure

    Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) decided on Wednesday to maintain the basic Selic interest rate at 15% per annum, which drew long faces among the country's industry, commerce, and trade sectors.

  • Wednesday, November 5th 2025 - 15:02 UTC

    “Argentina Is on a Path to Economic Success”, Nouriel Roubini

    In 2006, Roubini warned that a housing bust would trigger a global banking crisis and deep recession within a few years. U.S. subprime collapse spread through the financial system

    While many commentators have criticized Argentine President Javier Milei's draconian approach to economic reform, the results of the October legislative election show that the Argentine people would prefer short-term economic pain over a return to Peronist policies. Milei now has a clear path to finish what he started. The piece was written by Nouriel Roubini, one of the very few economists who anticipated the 2008 world recession and has been identified as Dr. Doom because of his forecasts *

  • Wednesday, November 5th 2025 - 10:45 UTC

    Brazil's Lower House passes bill to tax streaming platforms

    Brazilian lawmakers agreed to tax streaming platforms such as Netflix and YouTube

    Brazil's Lower House passed on Tuesday a bill providing for the collection of taxes on streaming services submitted by the rapporteur, Congressman Doutor Luizinho (PP-RJ). Additional wording adjustments are expected to be made on Wednesday.

  • Wednesday, November 5th 2025 - 08:08 UTC

    BCP reports negative inflation for October

    With October's results, the cumulative inflation for the year stands at 3.2%, while the year-on-year inflation rate is 4.1%

    Paraguay's Central Bank of Paraguay (BCP) announced on Monday that the country registered a deflationary result in October 2025, the second such result this year. The monthly variation in the Consumer Price Index (CPI) was -0.1%.

  • Tuesday, November 4th 2025 - 10:16 UTC

    FT says Trump teams evaluating dollarization of Argentina's economy

    Trump remains committed to “maintaining the strength and power of the dollar,” as Beijing pushes for the use of other currencies

    Sources close to US President Donald Trump said the Republican administration was actively discussing a strategy to encourage several countries to adopt the greenback as their official currency, the Financial Times (FT) reported on Sunday. The move would seek to curb China’s growing influence and maintain the dollar's global dominance.

  • Tuesday, November 4th 2025 - 08:34 UTC

    Falklands, Lloyds Bank interested in operating in the Islands

    The Falklands Chamber of Commerce in its site reminds that Standard Chartered Bank enjoys a certain positive situation in the Falklands.

    The Falkland Islands Government has published a notice in the Penguin News saying that “there will be a public meeting held on Wednesday, 5th November 2025 at 5pm in the Court & Assembly Chamber.

  • Monday, November 3rd 2025 - 10:21 UTC

    The Guardian highlights the hardships Argentines go through under Milei

    “You’re either poor or rich,” The Guardian highlighted, quoting an interviewee. Photo: Luis Robayo/AFP

    Despite President Javier Milei's success in significantly lowering annual inflation from over 211% in 2023 to 32% by September 2025, a majority of Argentines are struggling as their purchasing power has collapsed under the administration's “chainsaw” austerity program, the London outlet The Guardian noted.

  • Saturday, November 1st 2025 - 10:28 UTC

    Brazil's job creation falters interannually

    High interest rates amid an economic slowdown have been singled out as the main cause for this retraction

    According to Brazil's General Registry of Employed and Unemployed Workers (Caged) under the Labor Ministry, 213,002 formal jobs were added in September after subtracting the number of layoffs from that of hirings.

  • Friday, October 31st 2025 - 21:14 UTC

    Paraguayan carrier announces new Uruguayan destination

    Paranair will cover the route with 50-seat CRJ-200 aircraft

    Paraguayan company Paranair is launching a new route linking Asunción (Paraguay), Montevideo, and Rivera (Uruguay), starting on December 1. The flight originates in Asunción, makes a stopover in Montevideo, and terminates in Rivera, making it the company's fourth destination in the country.

  • Thursday, October 30th 2025 - 11:38 UTC

    Fed lowers benchmark interest rate

    The Fed's decision was shadowed by the ongoing government shutdown

    Amid a softer labor market, the United States' Federal Reserve (Fed) voted Wednesday to cut its benchmark interest rate by 0.25 basis points, moving the target range to 3.75%–4%. This marks the lowest level in three years and continues the easing cycle dating back to last month.