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MercoPress, en Español

Montevideo, July 5th 2025 - 17:34 UTC

Economy

  • Tuesday, May 21st 2024 - 10:59 UTC

    Rio Grande do Sul still far from recovering from floods

    Porto Alegre's Salgado Filho continues not to be operational but flights are serving an Air Force base nearby

    Brazilian authorities have released a new report updating the number of casualties in the storm-hit State of Rio Grande do Sul to 157 with 88 people still missing and some 650,000 others displaced.

  • Tuesday, May 21st 2024 - 10:50 UTC

    France and Germany split over the EU–Mercosur trade pact

    Macron doesn't want French farmers more furious; they've already brought the country to a standstill for weeks with their protests.

    By Oliver Pieper - The free trade deal between the European Union and the South American trade bloc Mercosur could become the world's largest agreement, involving a market of a total of 780 million people. But in late March, French President Emmanuel Macron not only described it as “a very bad agreement,” he even suggested it should be “left behind” and called for “a new agreement.”

  • Monday, May 20th 2024 - 10:45 UTC

    Wars and climate change to blame for slowdown in world commerce, UN official says

    Grynspan, 68, of Costa Rica was appointed the eighth UNCTAD Secretary-General on Sept. 13, 2021, thus becoming the first woman to hold this position

    A high-ranking United Nations (UN) official warned last week that worldwide commerce was threatened by climate change and wars such as the ongoing conflict in Gaza.

  • Saturday, May 18th 2024 - 10:57 UTC

    Wages keep losing purchase power in Argentina, study finds

    Salaries had outpaced inflation under Alberto Fernández (2019-2023)

    According to a study released Friday in Buenos Airers by the Research and Training Center of the Argentine Republic (Cifra), formal wages took a slump of nearly 15% in the last semester, particularly after the Dec. 13 118.3% devaluation of the local currency once Javier Milei took office as president.

  • Saturday, May 18th 2024 - 10:35 UTC

    Two more Uruguayan meatpacking plants cleared for shipments to China

    According to Torre Ejecutiva, this achievement resulted from President Luis Lacalle Pou's trip to China in Nov. 2023

    Chinese authorities have authorized additional Uruguayan slaughterhouses to ship beef and horsemeat from plants in Florida and Canelones to that country, Agriculture and Livestock Minister Fernando Mattos confirmed Friday.

  • Friday, May 17th 2024 - 20:18 UTC

    Milei lands in Madrid, praises his administration's achievements

    During the weekend, Milei is also scheduled to hold encounters with Spanish businesspeople

    Argentine President Javier Milei landed Friday in Madrid after a refueling stopover in the Canary Islands, for a series of engagements, none including a member of the Spanish government or the royal house. Also aboard the ARG 01 aircraft was Presidential Secretary Karina Milei.

  • Friday, May 17th 2024 - 11:59 UTC

    Argentina's industrial activity keeps dropping

    The sharp drop can be partly explained by last year's “soybean” dollar boosting sales abroad

    Despite victorious announcements from President Javier Milei's government, industrial activity in Argentina fell for the tenth consecutive month amid a growing loss of purchasing power. Interannually, a 17.2% drop was recorded after March's 4.7% decline. In addition, the first quarter of 2024 showed a year-on-year 11.7% slide.

  • Thursday, May 16th 2024 - 19:34 UTC

    Uruguayan aviation looking ahead at promising developments

    Long-haul flights will be able to land at Carrasco with 150-meter visibility, it was explained

    Uruguayan authorities have reached an agreement with the company managing Montevideo's Carrasco International Airport for the installation of state-of-the-art navigation equipment which would make landings safer even under foggy weather.

  • Thursday, May 16th 2024 - 19:08 UTC

    Argentina needs to solve its exchange rate problem, IMF spokeswoman says

    Milei's government will need to evolve to keep its successful plan going, Kozack warned

    International Monetary Fund (IMF) Spokeswoman Julie Kozack said that Argentina needed to lift the exchange rate ceiling if the government were to protect the country's Central Bank reserves. Kozack's remarks during a press conference came a day after Economy Minister Luis Toto Caputo announced that the South American nation was on course to dollarization.

  • Thursday, May 16th 2024 - 10:58 UTC

    Argentina getting ready to dollarize its economy, minister says

    Argentina still needs to terminate the “stocks” holding the parity between the local peso and the US dollar, Caputo explained

    Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.