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MercoPress, en Español

Montevideo, January 29th 2026 - 21:49 UTC

Economy

  • Monday, May 7th 2018 - 08:42 UTC

    Argentina Parana River returns to normal activity following release of grounded vessel

    The cargo ship Pilatus Venture, en route to Australia, was stranded on Thursday about 85 km south of Rosario on the Rio Parana

    Grains shipping on Argentina’s Parana River was returning to normal on Saturday after a ship ran aground on Friday, causing delays, the head of Argentina’s Chamber of Port and Maritime Activity said.

  • Monday, May 7th 2018 - 08:29 UTC

    Argentina and China among the most vulnerable markets, says IIF

    Experts reevaluated potential changes in investors’ interest in assets amidst the strengthening of the U.S. dollar, growth of interest rates and trade disputes.

    The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF).

  • Saturday, May 5th 2018 - 09:15 UTC

    When Will Electric Cars Take Over The Roads?

    The biggest factor in the EV surge is what's under the hood… lithium ion batteries.

    The age of the electric vehicle (EV) will be here sooner than you think.

  • Saturday, May 5th 2018 - 09:05 UTC

    Brazilian recovery stalls as industrial output falls 0.1% in March

    The figures mark the third straight month of weaker-than-expected output from Brazilian industry, which had previously led the economy's rebound.

    Industrial output in Brazil contracted unexpectedly in March, the latest in a string of weak data suggesting a recovery in Latin America's largest economy hit a bump in the first quarter. Production fell 0.1% from February, government statistics agency IBGE announced.

  • Saturday, May 5th 2018 - 07:24 UTC

    Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

    Analysts said the move suggested the Central Bank had done enough for now to stabilize the peso.

    Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.

  • Friday, May 4th 2018 - 09:00 UTC

    Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

    The Peso tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 (23,5 in some banks) to the greenback on Wednesday. The central bank hiked the rate to 30.25% from 27.25% on Friday.

    Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

  • Friday, May 4th 2018 - 08:38 UTC

    Falkland Landholdings: increase in production numbers and quality

    FLH General Manager Andrew Pollard in April attended the Merino Conference in Montevideo which also included a tour of farms and technology center

    An overall increase in production numbers and quality at Falkland Landholdings was reported by General Manager Andrew Pollard at the FLH Board meeting on March 27. Mr. Pollard in early April also attended the World Merino Conference held in Montevideo, an excellent opportunity to meet Uruguayan customers of Falklands' wool, sheep farmers from other countries and Peter Ackroyd, President of the International Wool Textile Organization, IWTO.

  • Thursday, May 3rd 2018 - 08:44 UTC

    Uruguay´s soybean crop forecasted to drop 43% because of devastating drought

    Soybean production is forecast to drop to 1.7 million tons in 2017-18, according to an April 30 GAIN report from the U.S. Department of Agriculture.

    Due to the recent devastating drought, soybean production in Uruguay is forecast to drop to 1.7 million tons in 2017-18, according to an April 30 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.

  • Thursday, May 3rd 2018 - 08:39 UTC

    Lack of investor confidence sees the Argentine Peso fall 3.11% against the dollar

    The central bank sold about US$ 400 million in the foreign exchange market as of early Wednesday afternoon, traders said

    Argentina’s peso currency closed down 3.11% on Wednesday at an all-time low of 21.2 per U.S. dollar, even as the central bank continued selling dollars to try to halt the slide of the local currency, traders said. The currency’s sustained weakening showed a lack of investor confidence in Latin America’s third largest economy, which is blighted by one of the world’s highest inflation rates.

  • Thursday, May 3rd 2018 - 08:33 UTC

    Customs union controversy remains at the heart of the UK cabinet

    Downing Street said the meeting acknowledged there were “challenges” to the existing proposals but that both the options put forward are still on the table

    Theresa May has asked officials to draw up “revised proposals” for post-Brexit customs arrangements after a key meeting with her most senior ministers. The Brexit sub committee met on Wednesday to try to agree on a new model to replace the UK's membership of the customs union.