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MercoPress, en Español

Montevideo, April 2nd 2025 - 10:19 UTC

Economy

  • Monday, March 10th 2025 - 10:45 UTC

    Trump's sanctions cut off all comunication lines, Maduro claims

    Maduro takes on Western powers as a common threat to build up unity around him

    Venezuelan President Nicolás Maduro criticized US President Donald Trump's decision to revoke Chevron's license to operate in the South American country, claiming it disrupted communication channels and hindered the repatriation of irregular migrants.

  • Monday, March 10th 2025 - 09:08 UTC

    IMF praises Guyana's environmental initiatives

    The IMF commended Guyana’s multifaceted approach to sustainable development

    The International Monetary Fund (IMF) has praised Guyana for its pioneering climate policies and efforts to enhance its energy matrix, promote sustainable growth, and foster economic diversification. The global credit agency highlighted the South American country's Climate Policies and Sustainable Development, Energy Transition, Economic Diversification and Workforce Development, and Inclusive Growth and Investment.

  • Saturday, March 8th 2025 - 10:36 UTC

    Car-making blooming in Argentina

    If local governments lowered their taxes, carmaking companies would have fewer costs, thus boosting the industry, Zuppi argued

    Argentina's automotive sector saw significant growth last month, with production reaching 42,419 units, a 41.1% increase from January and 13.1% higher than February 2024, according to a report released Friday by the Association of Automotive Manufacturers (ADEFA). The document also showed that exports rose to 22,496 vehicles, up 102.1% from January but down 4.6% compared to February 2024. In addition, Wholesale sales to dealers also surged, totaling 45,617 units, a 33.8% increase from January and 37.3% higher than the previous year.

  • Friday, March 7th 2025 - 10:53 UTC

    Argentina to okay IMF loan through a presidential decree

    The IMF said congressional approval was not necessary but would nevertheless speed the Board's nod

    Argentine President Javier Milei plans to issue an Emergency Decree (DNU) to approve the new loan to be agreed upon with the International Monetary Fund (IMF), the Casa Rosada announced Thursday. As mandated by law, each DNU needs congressional approval to not be stricken. The new deal seeks to cancel National Treasury debt to the Central Bank, reducing total public debt and strengthening the Central Bank's balance sheet and subsequently lifting the so-called exchange stocks.

  • Friday, March 7th 2025 - 10:48 UTC

    Trump extends tariffs pause to Canada

    ”It’s an important step, but we’re not at the end of the road,” Canadian Finance Minister Dominic LeBlanc said

    US President Donald Trump extended to Canada a waiver on the 25% tariffs he had given Mexico earlier Thursday until April 2, 2025. The Republican leader signed an executive order exempting goods compliant with the USMCA trade agreement and reducing the tariff on Canadian potash - which is used in fertilizer - to 10%. This follows his imposition of the tariffs, citing concerns over fentanyl trafficking and irregular migration.

  • Thursday, March 6th 2025 - 21:14 UTC

    Trump postpones tariffs on Mexican items at least until April 2

    Trump's good rapport with Sheinbaum was the reason for this reversal, the Republican leader explained

    US President Donald Trump announced a temporary exemption from new 25% tariffs for goods from Mexico covered under the 2020 United States-Mexico-Canada Agreement (USMCA). The Republican leader adopted the measure following a telephone conversation with Mexican President Claudia Sheinbaum. The exemption, effective until at least April 2, reverses tariffs imposed earlier this week, aimed at addressing fentanyl trafficking and trade imbalances.

  • Thursday, March 6th 2025 - 10:27 UTC

    Drought will bring produce prices up in Paraguay

    Paraguay's Economy Minister Carlos Fernández forecast a difficult 2025 given the drought affecting agricultural production and thus driving prices upward. In this scenario, he underlined the need for innovative policies and constant review of institutional work as the Government of President Santiago Peña aims to provide necessary resources for health, education, security, and social transfers while improving public spending.

  • Wednesday, March 5th 2025 - 10:38 UTC

    Trump's tariffs become effective, but new compromise expected

    Trump is expected to announce a compromise with Canada and Mexico as early as Wednesday, Commerce Secretary Howard Lutnick admitted

    The United States implemented tariffs on imports from Mexico, Canada, and China, triggering responses from these nations and causing a market meltdown. The tariffs include a 25% levy on imports from Mexico and Canada and an increase from 10% to 20% on goods from China. The move seeking to address fentanyl trafficking and border security has failed to meet expectations.

  • Wednesday, March 5th 2025 - 09:10 UTC

    Falklands, Register of Electors to vote and to access the Travel Credit Scheme

    The Electoral Form V MUST be completed by all households with the names of persons eligible for registration as an elector.

    In anticipation of the coming November general election, all households in the Falkland Islands, on Monday 17 March 2025 should receive a Form V “Request for information from householders” in the post. If your household does not receive one or if you require any advice on how to complete the form, please contact the Registration Officer on 27271 or by email registrargeneral@townhall.gov.fk.

  • Monday, March 3rd 2025 - 14:46 UTC

    US not interested in FTA with Argentina, Latin American Envoy says

    People close to Trump lost money in the $LIBRA swindle; hence, Milei should better forget about any help from the White House, Claver-Carone hinted

    Former Inter American Development Bank (IDB) President Mauricio Claver-Carone, now Us State Department envoy for Latin American Affairs, said during the weekend that President Donald Trump's administration was not after any new Free Trade Agreement (FTA), which might be disappointing to Argentina's Javier Milei who announced he was willing to leave Mercosur to achieve just that.