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MercoPress, en Español

Montevideo, November 17th 2025 - 02:03 UTC

Economy

  • Tuesday, December 3rd 2024 - 08:53 UTC

    Uruguayan oil company Ancap in the red

    Ancap invested US$ 67 million in renewing the La Teja refinery, which accounted for part of the setback

    Uruguay's State-owned oil company Ancap posted losses above US$ 130 million that grew throughout 2024 resulting in a five-year deficit for which its board of directors hold unionists responsible, in addition to a technical stoppage at the La Teja refinery that lasted longer than expected.

  • Tuesday, December 3rd 2024 - 08:36 UTC

    Paraguay heading to a record year of beef exports in 2024

    Paraguay main beef markets are Chile and Taiwan

    In the first eleven months of the year, Paraguay has exported some 320,000 tons of beef with revenue reaching 1,6 billion dollars, indicates data from the National Animal Health and Quality Service (Senacsa).

  • Monday, December 2nd 2024 - 10:12 UTC

    Milei pushes for trade flexibility at Mercosur Summit, eyes U.S. agreement

    Milei’s push for individual trade autonomy aligns with Lacalle Pou’s vision

    Argentine President Javier Milei will attend the Mercosur summit in Montevideo on December 5-6, advocating for the bloc’s members to gain the freedom to sign independent trade agreements. This marks a departure from Mercosur’s traditional collective bargaining stance but stops short of proposing an exit from the bloc.

  • Monday, December 2nd 2024 - 09:23 UTC

    US dollar at bay in Paraguay but expected to grow

    Household consumer credit also went up, the BCP reported

    The US dollar retreated against the Paraguayan guaraní at the end of November but local analysts believe it will keep its upward trend in the days to come. An intervention from the Paraguayan Central Bank (BCP) was needed in October to keep it from crossing the ₲ 8,000 barrier and keep it on a leash to close Friday at ₲ 7,760 from ₲ 7,860 the previous month, thus representing a 1.2% decline.

  • Monday, December 2nd 2024 - 09:01 UTC

    Argentine carmakers lower price of brand-new models

    Buyers might still wait for deeper cuts and 2025 models to get back on the market

    Argentine carmakers announced during the weekend that they would be lowering the retail prices of some of their brand-new models after the suppression of the so-called PAIS tax on transactions abroad, which applied to the import of vehicles and autoparts, it was explained. The measure is also a response to a significant plunge in sales.

  • Saturday, November 30th 2024 - 10:39 UTC

    Sharp fall in unemployment in Brazil

    Marinho said that high interest rates have contributed to the slowdown in job creation

    According to the latest issue of Brazil's Institute of Geography and Statistics (IBGE) Household Sample Survey, unemployment stood at 6.2% in the quarter ending last month, Agencia Brasil reported. It was the lowest mark since the measurement began being tracked in 2012. The previous quarter, ending in July, had a rate of 6.8%, while in the same quarter last year, ending in October, the rate stood at 7.6%.

  • Saturday, November 30th 2024 - 10:25 UTC

    Brazil: US dollar pierces R$ 6 barrier

    Brazil's Central Bank (BCB) did not intervene in the exchange rate

    The US dollar closed for the first time above the psychological R$ 6 barrier on another turbulent day in Brazil's markets, Agencia Brasil reported. The local scene continued to reverberate after the spending cut package announced earlier this week by Finance Minister Fernando Haddad, also impacting the stock exchange scene during the day.

  • Friday, November 29th 2024 - 10:24 UTC

    Brazil's devaluation hits all-time high exchange rate

    Haddad's measures were deemed insufficient to tackle the country's fiscal imbalance

    The US dollar fell an iota short of crossing the R$ 6 barrier after measures announced by the Brazilian Government of President Luiz Inácio Lula da Silva raised uneasiness in South America's largest country Thursday. The local currency has fallen 23.4% this year and 3.36% this week alone.

  • Thursday, November 28th 2024 - 10:45 UTC

    Bolivia highlights gas pumping deal as a source of hard currency

    “We are estimating more than 10 million dollars per month,” Montenegro said

    Bolivia will be collecting some US$ 120 million yearly for allowing Argentine gas from Vaca Muerta through to Brazil, Economy Minister Marcelo Montenegro explained Wednesday during a press conference in which he highlighted the importance of Tuesday's agreement to bringing fresh foreign currency into the country's coffers in addition to its strategic nature in a regional context riddled with energy challenges.

  • Tuesday, November 26th 2024 - 23:19 UTC

    Meat supply resumed to French supermarket chain stores in Brazil after apology

    “If Carrefour France's communication generated confusion ... we apologize,” Bompard said

    French supermarket giant Carrefour apologized so that Brazilian meatpackers would end their boycott of the group and resume deliveries to stores nationwide, Agencia Brasil reported Tuesday. The measure had been adopted after the company's CEO Alexandre Bompard said last week that meat produced in the South American country did not meet European standards for which he was forced to recant.