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MercoPress, en Español

Montevideo, December 16th 2025 - 10:59 UTC

Economy

  • Saturday, October 25th 2025 - 10:32 UTC

    Argentine President meets with JP Morgan CEO

    Dimon, in Argentina on a regional tour, was briefed about the country's economic priorities

    Argentine President Javier Milei met on Friday in Buenos Aires with Jamie Dimon, the CEO of JPMorgan Chase, at a dinner hosted by the bank at the National Museum of Decorative Art, in a high-stakes gathering focused on securing international financial assistance.

  • Saturday, October 25th 2025 - 10:24 UTC

    Chilean consulates in Argentina in dire straits

    Ambassador Viera-Gallo acknowledged that 9 of Chile's 13 consulates had experienced financial “strains”

    A major financial shortfall has been reported at Chilean diplomatic missions in Argentina, with multiple consulates struggling to cover basic operating expenses, according to a communication sent from the Chilean Embassy in Buenos Aires to the Foreign Ministry in Santiago.

  • Thursday, October 23rd 2025 - 23:27 UTC

    Quirno chosen for Argentine FM post

    Quirno has long been a collaborator of Luis Toto Caputo

    President Javier Milei has named current Secretary of Finance Pablo Quirno as Argentina's next Foreign Minister, replacing Gerardo Werthein, the Office of the President (OPRA) confirmed in a statement on Thursday. The appointment, effective Monday, October 27, follows Werthein's resignation the day prior.

  • Thursday, October 23rd 2025 - 19:49 UTC

    Brazil and Indonesia highlight growing strategic partnership

    Lula and Subianto share a common view on many issues

    Presidents Luiz Inácio Lula da Silva of Brazil and Prabowo Subianto of Indonesia released a joint communiqué on Thursday in Jakarta, describing the progress of the strategic partnership between the two countries. The document also addresses cooperation at both the regional and multilateral levels.

  • Wednesday, October 22nd 2025 - 10:08 UTC

    Argentina: Dollar soars despite Central Bank and US Treasury interventions

    The “blue” dollar went up AR$25 from the previous day

    The Argentine financial market saw significant intervention by both the Argentine Central Bank (BCRA) and the US Treasury on Tuesday to prevent the wholesale dollar from piercing the ceiling of its official exchange band of AR$1,491. The BCRA sold US$45.5 million in reserves to cap the price.

  • Monday, October 20th 2025 - 23:24 UTC

    Trump says Argentines are “fighting for their life”

    “I like the president of Argentina,” Trump said

    US President Donald Trump replied to farmers from his country by defending his support for Argentina's Javier Milei through substantial financial aid. Argentina is “fighting for its life,” people are “dying,” and the South American nation needs help “to survive in a free world,” insisted the Republican leader.

  • Monday, October 20th 2025 - 21:45 UTC

    Argentina and US finalize currency swap deal

    The deal “will allow the BCRA to expand the set of monetary and exchange rate policy instruments available”

    The United States and Argentina formalized a US$20 billion currency swap agreement just days before Argentina's national legislative elections next Sunday.

  • Monday, October 20th 2025 - 10:50 UTC

    Trump confirms new tariffs for Colombia

    Petro “is a low-rated and very unpopular leader with a fresh mouth toward America,” Trump stressed

    US President Donald Trump confirmed on Sunday that the US was preparing to announce significant tariffs on Colombia, following the Republican leader's decision to suspend financial aid to the South American country due to its alleged inaction in the fight against drug trafficking

  • Monday, October 20th 2025 - 10:01 UTC

    Global public debt nearing historic high, IMF finds

    By 2029, the IMF foresees the highest indebtedness level since 1948

    The International Monetary Fund (IMF) Fiscal Monitor report warned that global public debt was nearing a historic high, projected to exceed 100% of Gross Domestic Product (GDP) by 2029. In Latin America, the report identified Brazil, Argentina, and Uruguay as the countries with the highest levels of debt.

  • Monday, October 20th 2025 - 09:56 UTC

    Retail sales plunge in Argentina even for Mother's Day gifts

    The stores' varied strategies failed to increase actual consumption, CAME found

    Waning retail sales in Argentina, even in the wake of Sunday's Mother's Day celebrations, reflected the country's ongoing crisis just one week before the Oct. 26 midterms, according to a survey conducted by the Argentine Confederation of Medium-Sized Enterprises (CAME).