Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 18th 2024 - 19:00 UTC

Economy

  • Thursday, March 28th 2024 - 11:31 UTC

    Uruguayan rural producers affected by stronger local currency

    “Supply and demand determine what the dollar is worth,” Central Bank President Labat has said

    Uruguay's rural producers underlined that the constant appreciation of the local peso against the US dollar was detrimental to their exporting activities and insisted that the appropriate exchange rate should be US$ 1 = UY$ 58 instead of UY$ 37.5, which represents a 3.9% drop so far this year.

  • Thursday, March 28th 2024 - 10:40 UTC

    Strategies for crafting effective partnership agreements

    Photo: Unsplash

    Partnerships play a vital role in pushing growth, innovation, and success in business. Whether you are starting a new venture or strengthening an existing collaboration, the foundation of a fruitful partnership lies in a well-crafted partnership agreement. An effective partnership agreement outlines all parties' terms, responsibilities, and expectations, setting the stage for a harmonious and productive business relationship. In this article, we will study strategies for creating partnership agreements that are comprehensive, clear, and conducive to sustainable partnerships.

  • Wednesday, March 27th 2024 - 19:28 UTC

    Brazil and France sign key deals during Macron's visit

    Macron was welcomed by Lula. He will spend 3 days in Brazil on his first official trip to the South American country. He is due back later this year for the G20 Summit

    Presidents Luiz Inácio Lula da Silva and Emmanuel Macron launched Tuesday in Belém a € 1 billion investment bioeconomy program for the Brazilian Legal Amazon as well as for the part of the Amazon within French Guiana to raise funds through public and private investments over the next four years, Agencia Brasil reported.

  • Tuesday, March 26th 2024 - 20:55 UTC

    Asunción's Lower House condemns US Senate's decision banning Paraguayan beef

    After the first shipment in January, Paraguay's beef is facing a Congressional rejection in Washington DC

    Paraguay's Lower House unanimously passed a resolution objecting to the US Senate's decision to ban meat imports from the South American country while urging lawmakers in Washington DC to honor the technical reports attesting to the safety of the merchandise, it was reported in Asunción.

  • Tuesday, March 26th 2024 - 19:56 UTC

    Baltimore port traffic affected after astray ship downs bridge

    At least six people were missing but there could be more

    A powerless large cargo ship hit the Francis Scott Key Bridge in Baltimore, Maryland, early Tuesday, leading to the structure's collapse while many people had to be rescued from the Patapsco River. The FBI ruled out any link with foreign-sponsored terrorism. Opened in 1977, the bridge was named after the author of “The Star-Spangled Banner.”

  • Tuesday, March 26th 2024 - 12:06 UTC

    Falkland Islands' A+ rating retained, signals economic strength

    “The continued A+ rating provides an excellent position to support our future budgetary decisions,” Financial Secretary Pat Clunie said

    The Falkland Islands Government (FIG) has announced the retention of its global A+ sovereign rating by S&P Global Ratings, with a stable outlook. This rating reflects the government's strong financial capacity and prudent fiscal policies.

  • Monday, March 25th 2024 - 07:47 UTC

    Mondino: FTA with Japan OK but trade with China not good

    “We cannot gain much by working together with some countries that are not liberal democracies,” Mondino said about China

    Argentine Foreign Minister Daiana Mondino traveled to Japan between March 21 and 23 to boost a Free Trade Agreement (FTA) between the Asian country and the South American Common Market (Mercosur). While at it, Mondino seized the opportunity to further criticize China.

  • Saturday, March 23rd 2024 - 14:36 UTC

    The Economist, “After 100 brutal days, Javier Milei has markets believing”

    President Milei fighting with the sawmill and the blender (Pic AFP)

    “We are genuinely very satisfied,” declared President Javier Milei of Argentina on local radio, after inflation in February fell by more than expected, to 13%. That, however, is the monthly figure. Over the past year it has amounted to 276%—the highest in the world. Inflation of just 8% annually has rattled politics in richer countries.

  • Saturday, March 23rd 2024 - 14:24 UTC

    Bank of England confirms restrictive monetary policy: keeps rates unchanged

    Twelve-month CPI inflation fell to 3.4% in February from 4.0% in January and December, a little below the expectation in the February Monetary Policy Report

    As decided by the US Federal Reserve, the Bank of England Monetary Policy Committee, (MPC) at its meeting ending on 20 March 2024, voted by a majority of 8–1 to maintain Bank Rate at 5.25%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 5%.

  • Friday, March 22nd 2024 - 19:56 UTC

    JetSmart to fly twice a day between Montevideo and Buenos Aires

    JetSmart also intends to use the air shuttle between Carrasco and Aeroparque as a feeder to the Buenos Aires-Asunción route

    The budget carrier JetSmart announced this week that starting May 29 it will be offering two daily flights between the airports of Buenos Aires Aeroparque Jorge Newbery (AEP) and Montevideo's Carrasco. The official ceremony was held at the residence of Uruguay's Ambassador in Argentina Carlos Enciso, who was said to be pivotal in brokering these services since 2021 to add to those offered by Aerolíneas Argentinas.