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MercoPress, en Español

Montevideo, October 19th 2025 - 06:14 UTC

Economy

  • Tuesday, November 19th 2024 - 10:55 UTC

    Rio G20 Declaration signed – Argentina adheres only partially

    The document also enshrines Brazil's achievements while holding the G20 rotating presidency under Luiz Inácio Lula da Silva this year

    G20 Leaders Monday signed at the Brazilian city of Rio de Janeiro a joint 85-item declaration in which they addressed the world's current challenges. However, Argentine President Javier Milei announced he would not be endorsing the so-called 2030 Agenda goals.

  • Tuesday, November 19th 2024 - 09:19 UTC

    Brazil increasingly dependent on oil exports and energy production

    “We have reached the milestone of crude oil becoming Brazil’s top export, surpassing soybean meal, agribusiness, mining, and iron exports, said CEO Chambriand

    Crude oil has become Brazil’s main export product surpassing agribusiness and mining, according to the country’s hydrocarbons company Petrobras CEO Magda Chambriard. Brazil is not also becoming highly dependent on oil exports but also in energy generation.

  • Monday, November 18th 2024 - 08:30 UTC

    La Niña threatens this year's soybean crop in Paraguay

    Some rain has fallen but still below average so the deficit remains

    Paraguayan soybean producers warned this weekend that the La Niña weather phenomenon may affect this year's crop while the 2023/24 harvest is expected to reach a record in tons produced and exported, it was reported in Asunción.

  • Saturday, November 16th 2024 - 11:13 UTC

    Argentine looses noose on occasional imports

    Argentina ranked third among the most closed countries in the world, Adorni insisted

    The Libertarian Government of President Javier Milei Friday announced that Argentines wishing to import items for personal consumption will have a higher tariff-free cap of up to US$ 400, with only the value-added tax remaining applicable. In addition, purchases abroad for subsequent occasional exports will be spared any customs fee when up to US$ 3,000, from the current US$ 1,000. The initiative becomes effective next month, it was explained in Buenos Aires.

  • Saturday, November 16th 2024 - 11:07 UTC

    British ambassador presents diplomatic credentials to Uruguayan president

    Ambassador Green with president Lacalle Pou

    The new British ambassador in Uruguay, Malcolm Green presented his diplomatic credentials to the Uruguayan president Luis Lacalle Pou on Thursday 14 November, completing the formalities of his post.

  • Saturday, November 16th 2024 - 10:43 UTC

    Sheinbaum not happy with Moddy's lowering Mexico's grading

    “We are going to get ahead next year,” Sheinbaum insisted

    Mexican President Claudia Sheinbaum Friday expressed her disappointment after the credit rating agency Moody's lowered her country's grading from stable to negative citing an alleged “institutional weakening.” The newly elected head of state insisted “more arguments or evidence” were needed to back up that claim and denounced that there was a bias against Mexico. On Thursday, Moody's changed Mexico's credit outlook from stable to negative, due to a recent reform to the Judiciary.

  • Saturday, November 16th 2024 - 10:37 UTC

    Peru signs key FTA with Hong Kong

    Peru will become a platform of opportunities for Hong Kong businessmen and investors, Boluarte said

    Just one day after the opening of the China-financed megaport in Chancay just a few miles north of Lima, Peru signed a Free Trade Agreement (FTA) with Hong Kong to further deepen its commitment to Pacific Ocean trade. The understanding was achieved in the framework of the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit in the South American country's capital.

  • Friday, November 15th 2024 - 10:55 UTC

    France wants Mercosur-EU deal not signed

    France will do its utmost to prevent such an agreement from being signed, Armand was quoted as saying

    France will not be signing a Free Trade Agreement (FTA) between the European Union and the Southern Common Market (Mercosur), the Russian news service Sputnik reported Thursday. In fact, Paris will do its utmost to block it.

  • Thursday, November 14th 2024 - 04:21 UTC

    Paraguay records US$ 57 million foreign trade surplus in October

    Imports went up and exports went down last month

    Central Bank of Paraguay (BCP) foreign trade (Comex) report released Wednesday in Asunción showed a US$ 57.1 million surplus last month after exports amounted to US$ 13.6649 billion against imports worth US$ 13.6077 billion. In other words, sales fell 4.5% yoy while purchases grew 5.1%.

  • Wednesday, November 13th 2024 - 12:23 UTC

    Macron adding Buenos Aires and Santiago to G20 South American tour

    Macron is launching a new phase in France's ties with South America

    French President Emmanuel Macron will be making state visits to Argentina and Chile as part of his South American tour to attend the G20 Summit in Rio de Janeiro, it was confirmed in diplomatic circles. Macron will first get together with his Argentine colleague Javier Milei to discuss climate change and other bilateral issues between Nov. 16 and 17. Then, he will head for Brazil's gathering of world leaders on Nov. 18 and 19. And then he will travel to Santiago for talks with Gabriel Boric Font.