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MercoPress, en Español

Montevideo, March 6th 2026 - 04:55 UTC

Economy

  • Friday, October 18th 2024 - 10:35 UTC

    Uruguayan productive lands changing hands rapidly

    Between January and August, foreign capitals mostly from the United States, Japan, Brazil, and Argentina bought 135,888 hectares

    Uruguayan productive lands were said this week in Montevideo to be changing hands at a faster pace in the first six months of 2024 as the number of hectares traded doubled year-on-year according to the Agriculture and Livestock Ministry's (MGAP) “Price of land” report.

  • Friday, October 18th 2024 - 09:35 UTC

    Indec: Argentina's wholesale inflation up 2% last month

    Milei said on X that his government was “taming” inflation

    Argentina's National Institute of Statistics and Census (Indec) released a study Thursday according to which wholesale prices went up only 2% last month, it was reported in Buenos Aires. President Javier Milei celebrated the news and praised Economy Minister Luis Toto Caputo for it.

  • Thursday, October 17th 2024 - 12:27 UTC

    Brazil expects a new record crop 2024/25, with rice experiencing the largest area growth

    Rice sowing boom in several Brazilian states

    The first estimate for the coming 2024/25 grains crop in Brazil indicates a total production of some 322,47 million tons, according to Conab, the country's national supply corporation. If finally confirmed this would represent another record production, with a 8,3% increase over the previous 2023/24 harvest, equivalent to 24,6 million tons.

  • Thursday, October 17th 2024 - 11:36 UTC

    Paraguay's Central Bank ups growth projections for 2024

    “No significant imbalances are observed that could divert inflation from the expected trajectory,” the BCP stated

    Paraguay's Central Bank (BCP) has this week upped the South American country's economic growth projection for this year from 3.8% to 4%. On the supply side, the main upward revisions were in the livestock, trade, and tax sectors, while downward adjustments were recorded in electricity and water amid higher domestic demand in line with the good dynamics imports have been registering.

  • Thursday, October 17th 2024 - 06:13 UTC

    Panama Canal posts significant setback in FY2024

    The number of crossing vessels was cut down from 38 to 22 on average between July 2023 and May 2024

    The Panama Canal Authority (ACP) reported this week a 29.3% drop in passing ships during Fiscal Year 2024 as a result of the severe drought affecting the interoceanic crossing. A total of 9,944 transits were recorded this year, a significant setback from 14,080 crossings in 2023. A fiscal year runs from October 1 to September 30 of the following year.

  • Monday, October 14th 2024 - 22:06 UTC

    Trio granted Economics Nobel Prize for delving into development asymmetries

    This year's winners came as no surprise within Economics circles

    Three researchers who delved into the asymmetries of how countries prosper differently were awarded the Economics Nobel Prize Monday, thus closing this year's round of announcements ahead of the Dec. 10 award ceremonies in Stockholm.

  • Monday, October 14th 2024 - 10:13 UTC

    IDB announces loans for Argentina

    A lasting transformation would hinge on the private sector creating jobs, Goldfajn explained

    Argentina's administration of President Javier Milei will be receiving loans worth US$ 3.8 billion from the Inter-American Development Bank (IDB), it was reported during the weekend. These funds will be allocated to various projects, energy subsidies, and social plans, it was explained.

  • Monday, October 14th 2024 - 08:15 UTC

    Argentina's BCRA launching collector's AR$ 25 coins

    The BCRA issued 2,500 pieces of this new commemorative coin, minted in 925 silver, with a face value of AR$ 25

    Argentina's Central Bank (BCRA) announced a new AR$25 coin as a part of a joint venture with Spain, Portugal, and other countries in the region to highlight each nation's cultural diversity.

  • Saturday, October 12th 2024 - 10:16 UTC

    IMF goes easier on heavily indebted countries such as Argentina

    “I'm pleased to announce that the Executive Board has reached a consensus on a reform of IMF charges and surcharges,” Georgieva stressed

    The International Monetary Fund (IMF) announced Friday a series of cuts on overcharges to countries heavily in debt, which, albeit moderate, could benefit Argentina among other nations. Such an initiative had been resisted in the past by Washington and other G7 nations but things have changed considerably at a global level.

  • Friday, October 11th 2024 - 10:19 UTC

    Hurricane Milton leaves at least 12 dead in Florida

    “It's going to take several billion dollars” to build back from Milton, Biden said

    At least 12 people have been confirmed dead Thursday in the U.S. state of Florida, where Hurricane Milton made landfall as a Category 3 storm with maximum sustained winds of 115 mph from the Gulf of Mexico into the Atlantic Ocean, leaving millions without power and causing severe damage. According to PowerOutage.us, 2.63 million homes were still without power in Florida Thursday night.