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MercoPress, en Español

Montevideo, May 12th 2025 - 06:04 UTC

Economy

  • Saturday, April 5th 2025 - 09:33 UTC

    Paraguayan President admits middle class needs help too

    “The poor and the rich were the ones who registered the highest growth rates, but not the middle class,” Peña noted

    Paraguayan President Santiago Peña Friday emphasized his administration’s commitment to supporting the middle class, a group he believes has been overlooked by past policies favoring either macroeconomic stability for businesses or targeted aid for the poor.

  • Friday, April 4th 2025 - 20:55 UTC

    Orsi tells businessmen about Uruguay's strengths

    “We have been able to untie the hardest knots through strategies of good dialogue,” Orsi explained

    Uruguayan President Yamandú Orsi Friday underscored his country's strengths, such as legal certainty, reliability in keeping commitments, and a tradition of resolving challenges through dialogue. He made those remarks during the Latin Annual Meeting business forum in the department (province) of Maldonado. Also attending the event were former Presidents Julio María Sanguinetti of Uruguay and Vicente Fox of Mexico, who also spoke at the event.

  • Friday, April 4th 2025 - 09:47 UTC

    Milei says negotiations for zero tariffs with US under way

    Argentina will comply with Trump's requirements for reciprocal tariffs, Milei underlined

    Argentine President Javier Milei said during a Conservative event in Florida that his country was negotiating with Donald Trump's administration a zero-tariff deal on approximately 50 export products, aiming for a potential Free Trade Agreement (FTA) shortly. Milei's remarks came after the Republican leader slapped a 10% tariff on all Argentine goods as part of a broader protectionist policy.

  • Friday, April 4th 2025 - 08:35 UTC

    Chile advances trade deal with India

    Boric set in motion a Comprehensive Economic Partnership Agreement (CEPA) with India

    In light of the “tariff war” sparked by US President Donald Trump, Chile's Gabriel Boric Font is on a six-day visit to India to strengthen trade ties, meeting with Prime Minister Narendra Modi and local business leaders. Boric announced the start of negotiations for a Comprehensive Economic Partnership Agreement, akin to a free trade deal, to diversify Chile’s export markets in response to global uncertainties.

  • Thursday, April 3rd 2025 - 20:03 UTC

    Uruguay's Orsi hopes to work out tariffs issue with Trump's gov't

    Uruguay should stick to its own diplomatic approach, Orsi maintained

    Uruguayan President Yamandú Orsi Thursday underscored the importance of dialogue with the United States after the tariffs announced Wednesday by Donald Trump. The Broad Front (Frente Amplio - FA) leader noted that countries such as Mexico and Canada were exempted from those surcharges, which meant there was room for negotiations.

  • Wednesday, April 2nd 2025 - 10:45 UTC

    Milei announces new trip to US to seek help

    Milei meeting with Trump to speed up negotiations with the IMF is expected but not confirmed

    Argentine President Javier Milei is set to travel to the United States again late Wednesday after the April 2 Malvinas Veterans' Day ceremony, probably to meet his local colleague, Donald Trump, at the latter's Mar-a-Lago residence. However, this encounter has not been confirmed.

  • Wednesday, April 2nd 2025 - 09:10 UTC

    Embraer announces sale of four C-390s to Sweden

    Operational since 2019, the C-390 can land on rough airstrips, combining cargo transport with medical evacuation and aerial firefighting roles

    Brazilian aircraft manufacturer Embraer announced Tuesday at the LAAD Defence & Security 2025 event in Rio de Janeiro that it had clinched a US$ 710 million deal to sell four C-390 Millennium military transport units to Sweden.

  • Wednesday, April 2nd 2025 - 08:58 UTC

    Foreign travelers increasingly pouring into Brazil

    These results are ”thanks to the joint work of the public and private sectors,” Freiixo explained

    Brazil's revenues from international tourism hit a record US$ 823 million in February 2025, representing a 22.2% yoy increase, local authorities reported Tuesday.The arrival of over 1.3 million international visitors contributed a total of US$ 1.6 billion in tourism revenue for the first two months of the year, a 10.4% rise compared to 2024.

  • Tuesday, April 1st 2025 - 10:52 UTC

    Milei celebrates official figures showing a decline in poverty

    “The drop in the number of poor people is more than ten million,” Milei noted

    Argentine President Javier Milei Monday boasted his administration's achievement of lowering poverty from 52.9% in the first semester of 2024 to 38.1% by the end of the year, compared to 41.7% at the end of 2023. Indigence (extreme poverty) also decreased to 8.2% from higher levels earlier in the year, according to a report released Monday by the National Institute of Statistics and Census (Indec).

  • Tuesday, April 1st 2025 - 10:24 UTC

    World Bank Chief due in Asunción after almost 50 years

    Banga is obliging a personal invitation from President Santiago Peña

    World Bank Group (WBG) President Ajay Banga is due in Asunción Tuesday for a historic visit to Paraguay, the first by a man in his position in nearly 50 years since Robert McNamara’s in 1976. Invited by Paraguayan President Santiago Peña, Banga aims to strengthen bilateral ties, focusing on sustainable development, job creation, and private investment.