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MercoPress, en Español

Montevideo, December 7th 2025 - 07:33 UTC

Economy

  • Saturday, May 25th 2024 - 10:57 UTC

    Brazil's growing concern with Argentine recession as exports and a trade surplus turn negative

    According to Brazil's Foreign Trade Association, exports to Argentina have 29,9% in the first four months of the year

    Brazil is deeply concerned with the declining trade export volumes to Argentina, which while last year expanded 8,9% in the first four months of 2024 have fallen 29,9%, and experts wonder if the Mercosur partner finally recovers from its current recession, will it continue on trusting a bilateral relation or appeal to China, US, or Europe.

  • Saturday, May 25th 2024 - 10:45 UTC

    Brazil and US agree to boost trade and investments to celebrate 200 years of diplomatic relations

    The Brazilian ministry of foreign trade, industry and commerce signed the agreement with the American Chamber of Commerce in Sao Paulo

    Brazil and the United States will mark 200 years of diplomatic relations on Sunday, May 26. On this date in 1824 United States recognized Brazil’s independence, signaling the beginning of extensive political, economic, and cultural ties.

  • Friday, May 24th 2024 - 21:21 UTC

    Chile's Central Bank lowers monetary policy interest rates

    The latest measures will take time to impact Chile's economy since mortgages will remain under previous, higher rates

    Chile's Central Bank decided to lower the monetary policy interest rate (TPM) from 6.5 to 6% and forecast additional cutbacks in the coming months. “Inflation has continued to decline, although at a moderate pace due to the high persistence of the services components,” the Central Bank's Board argued in its unanimous rationale given the annual price index 3.5% variation amid a downward trend.

  • Wednesday, May 22nd 2024 - 20:21 UTC

    Brazilian airlines announce services to Air Force Base in Porto Alegre

    In no case will passenger transactions be handled at the Air Force's Canoas Base but at a facility 3 kilometers away

    After it was confirmed that there is no date for the reopening of the Salgado Filho International Airport in Porto Alegre, still partially under water due to the unprecedented heavy rains that have hit the State of Rio Grande do Sul since April 29, local airlines have announced the start of services to the nearby Canoas Air Force Base, Agencia Brasil reported.

  • Wednesday, May 22nd 2024 - 19:45 UTC

    Milei gets ready for rock concert as “blue” dollar gets back on a surging path

    There is a 41% gap between the official and the black market quotations of the US dollar

    The “blue” version (a euphemism for “black market”) of the US dollar against the Argentine peso was still going up Wednesday as President Javier Milei was planning to make his first appearance as the leader of a rock band at Buenos Aires' iconic Luna Park stadium. According to local media, one US dollar was quoted at AR$ 1,235 / 1,255 (buy sell at Buenos Aires' “caves” (unofficial money exchange parlors), which represented an AR$ 25 increase from the previous day for a 41% gap with the official rate.

  • Wednesday, May 22nd 2024 - 10:55 UTC

    Argentine province of Misiones on the brink of collapse over inflation-dwindled wages

    If salaries are not increased to match the country's inflation, Misiones is bound for “a social explosion,” Amarilla warned

    The Northeastern Argentine province of Misiones has been virtually paralyzed for five consecutive days as workers from various walks of life are on strike in demand of inflation-matching wage hikes.

  • Tuesday, May 21st 2024 - 20:38 UTC

    Taiwanese company gets deal to build electric buses in Paraguay

    The bus manufacturing plant in Paraguay is expected to generate some 2,600 job opportunities

    Paraguayan authorities signed a memorandum of understanding with Taiwan's Master Transportation to produce electric buses for the South American country. The arrangements were made during President Santiago Peña's tour of the Island with Industry and Commerce Minister Javier Giménez, who signed on behalf of the visiting delegation. Company President Ting-Fa Wu represented the producers of the DMIT e-Bus.

  • Tuesday, May 21st 2024 - 20:03 UTC

    One passenger killed and 30 injured as Singapore Airlines flight hits heavy turbulence

    Passengers from 17 different countries were aboard the flight

    A British national died and 30 other people were injured when a Singapore Airlines flight home from London's Heathrow Airport hit “heavy turbulence” forcing an emergency landing in Bangkok, Thailand. “We confirm that there were injuries and one fatality on board the Boeing 777-300ER. In total, there were 211 passengers and 18 crew on board,” the airline said on Facebook.

  • Tuesday, May 21st 2024 - 12:25 UTC

    Brexit and UK's rising costs of implementing customs to EU imports

    Long queues of lorries at Dover, because of physical checks at ports. Photo: Pajor Pawel / Shutterstock

    The UK voted to leave the European Union in 2016 but remained in the bloc's single market and customs union until 2021. When UK withdrew from the EU customs union a new RU/UK Trade Cooperation Agreement (TCA) went into effect.

  • 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.