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MercoPress, en Español

Montevideo, January 16th 2026 - 21:22 UTC

Economy

  • Monday, April 8th 2024 - 10:22 UTC

    Milei reverses shopping trends in less than 4 months in office

    No question about it: Argentina has become expensive in US dollars

    Argentine President Javier Milei has been in office for less than 4 months, more than enough time to turn things around for people in neighboring countries. Uruguayans who used to do their shopping across the border no longer find it profitable, while Argentines flocked to Chile over the Easter weekend to do theirs.

  • Friday, April 5th 2024 - 10:53 UTC

    Falklands favors removal of 1p and 2p from circulation and a new set of banknotes

    The one and two pennies coins which according to the survey most respondents agreed should be removed from circulation

    From 6 November to 17 December 2023, the Treasury Department ran two consultations regarding changes to Falkland Islands currency: One on a proposal to withdraw low value 1p and 2p coins and the other on preferred themes and imagery for a new set of Falkland Islands banknotes.

  • Friday, April 5th 2024 - 10:10 UTC

    UK National Living Wage up from £10.42 to £11.44 an hour; will apply to workers over 21

    A full-time adult worker paid the minimum wage will see a pay rise worth £1,800 a year

    The minimum wage set by the British government, known as the National Living Wage in UK is rising from £10.42 to £11.44 an hour and will apply to workers over 21 rather than over 23, benefiting some 2,7 million low paid workers. Younger workers will also see a rise in the rates that apply to them.

  • Thursday, April 4th 2024 - 21:31 UTC

    IMF praises Milei's achievements but says social and political support needed

    “The road to stabilization is never easy,” Kozack said

    International Monetary Fund (IMF) Communications Director Julie Kozack praised the “impressive” achievements of President Javier Milei's administration in curbing inflation in Argentina but warned that “it remains important to work pragmatically to build social and political support to help ensure the durability and effectiveness of the reforms” implemented.

  • Wednesday, April 3rd 2024 - 19:58 UTC

    Paraguay not unwilling to pay Waterway toll, FM says

    Article 8 of the Waterway Treaty allows countries to charge tolls under certain conditions, Ramírez recalled

    Paraguayan Foreign Ministry Rubén Ramírez Lescano told Congress Wednesday in Asunción that the government of President Santiago Peña was not against barges sailing through the Paraná Waterway paying toll provided there was a service in return.

  • Wednesday, April 3rd 2024 - 19:25 UTC

    Brazilian industry slides for second straight month

    February's results were influenced by a calendar effect, Macedo explained

    According to the Monthly Industrial Survey released Wednesday by Brazil's Rio de Janeiro-based Institute of Geography and Statistics (IBGE), industrial production in South America's largest country fell 0.3% in February, which represented its second straight monthly decline after January's -1.5%, Agencia Brasil reported.

  • Monday, April 1st 2024 - 18:44 UTC

    Google to lay submarine cable between Chile and Australia

    The Humboldt cable will join other infrastructure projects, Google Cloud's Quigley said

    Tech giants Google plan to link Chile with Australia and French Polynesia through the Humboldt cable, which would become first direct submarine link between South America and Oceania, thus expanding the digital infrastructure of the South Pacific.

  • Monday, April 1st 2024 - 12:22 UTC

    Federal Reserve chairman Powell, “in no rush to begin cutting interest rates”

    Powell said, and even though the numbers showed less of a slowdown than last year, “you won't see us overreacting.”

    Despite an encouraging Personal Consumption Expenditure Index, PCE, Federal Reserve Chair Jerome Powell repeated on Sunday that the U.S. central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained.

  • Monday, April 1st 2024 - 10:59 UTC

    Paraguay records highest economic growth in the region in 2023

    Increasing household consumption is driving prices upward, also pushing the guaraní down against the US dollar

    Paraguay's Central Bank (BCP) issued a report last week announcing that the country had recorded the highest regional growth in the last quarter of 2023, with a positive rate of 4.9%.

  • Friday, March 29th 2024 - 18:38 UTC

    Province of Buenos Aires' economy contracts under Libertarian policies

    The “macroeconomy cannot be stabilized if production is destroyed,” López stressed

    Pablo López, the Economy Minister of the Argentine Province of Buenos Aires, a territory larger in size and productivity than many independent countries worldwide, wrote on X that the “macroeconomy cannot be stabilized if production is destroyed.” López, of Argentina's main opposition front, made those remarks after announcing a 4% drop in economic activity in the first two months of the year, for which he blamed President Javier Milei's policies.