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MercoPress, en Español

Montevideo, July 3rd 2025 - 01:27 UTC

Economy

  • Saturday, December 23rd 2023 - 09:58 UTC

    Child labor in Brazil goes up under Bolsonaro

    In Brazil, any form of work is illegal up to the age of 13

    According to a study released this week by the statistics bureau IBGE, child labor went up in Brazil between 2019 and 2022 under then-President Jair Bolsonaro, Agencia Brasil reported.

  • Saturday, December 23rd 2023 - 09:35 UTC

    Paraguay's GDP grows 4.7% in the first 3 quarters of 2023

    Paraguay's GDP grows 4.7% in the first 3 quarters of 2023

    The Central Bank of Paraguay (BCP) issued a report on Friday confirming that the South American country's Gross Domestic Product (GDP) grew by 4.7% in the third quarter of 2023, after a 3.6% increase over the same period last year, boosted by energy and services, it was reported in Asunción.

  • Friday, December 22nd 2023 - 10:28 UTC

    Argentina makes payment to IMF through CAF loan

    Argentina is said to be looking at fewer surcharges from the IMF next year

    Less than two weeks into the term of President Javier Milei, Argentina Thursday made a payment to the International Monetary Fund (IMF) worth US$ 921 million thanks to a loan from the Development Bank of Latin America (CAF), it was reported in Buenos Aires.

  • Thursday, December 21st 2023 - 10:55 UTC

    Argentina: Milei announces mega reform emergency package

    Milei gave his 16-minute speech flanked by his entire cabinet

    Argentine President Javier Milei Wednesday announced in a recorded message broadcast at 9 pm -instead of at noon as originally scheduled- an emergency decree containing 366 measures to deregulate the economy, of which he only highlighted 30.

  • Thursday, December 21st 2023 - 08:52 UTC

    European Union agrees on new spending rules, but to be implemented in 2025

    The Franco-German proposal that Lindner and his French counterpart Bruno Le Maire agreed took place on Tuesday evening

    Following an agreement between heavyweights Germany and France, the European Union has anticipated lower budget deficits and falling debt ratios to boost investment. The decision was praised by the northern EU austerity members and also by the southern countries, normally more lenient on spending.

  • Wednesday, December 20th 2023 - 10:45 UTC

    IMF says Brazil is the 9th economy in the world

    “They don't know the work you have to do to be so lucky,” Lula said

    According to a report from the International Monetary Fund (IMF) released Tuesday, Brazil is now the ninth-largest economy in the world, thus displacing Canada from that position.

  • Wednesday, December 20th 2023 - 10:42 UTC

    Argentina: Milei to explain drastic measures

    Argentina: Milei to explain drastic measures on national TV and radio

    Argentine President Javier Milei will go on national television on Wednesday to explain the scope of his most-encompassing emergency decree (DNU) to deregulate the economy with more than 600 provisions.

  • Tuesday, December 19th 2023 - 10:14 UTC

    Brazil sees bilateral trade with Argentina falling in 2024

    Bilateral trade Argentina/Brazil reached US$ 27 billion in eleven months of 2023, with Brazilian exports totaling US$ 17bn, and Argentina US$ 11bn.

    Brazil's main financial and business publication, Valor Economico is forecasting that bilateral trade with Argentina is expected to fall in 2024, based on the recent measures announced by the government of president Javier Milei. In the eleven months of 2023, bilateral trade between Argentina and Brazil reached US$ 27 billion, with Brazilian exports totaling US$ 17bn, and Argentina US$ 11bn.

  • Tuesday, December 19th 2023 - 09:24 UTC

    Red Sea becoming a no-go area for international shipping

    BP announced that “in light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits.”

    Several global maritime agencies and oil and gas giant British Petroleum announced they would temporarily pause transit through the Red Sea until further notice because of the repeated missile and drone incidents against their vessels.

  • Monday, December 18th 2023 - 10:53 UTC

    Argentina to buy electricity from Brazil due to storm

    The storm came as the Argentine government was already planning to increase the price of electricity for consumers citing a new emergency

    Following the disruption caused by last weekend's storms to the country's grid, Argentina will import electricity from Brazil on a transitory basis, it was reported Sunday, in addition to other emergency measures adopted to face the crisis and restore supply in parts of the Autonomous City of Buenos Aires (CAMA) and its Metropolitan Area (AMBA).