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MercoPress, en Español

Montevideo, July 4th 2025 - 18:28 UTC

Economy

  • Wednesday, August 23rd 2023 - 10:56 UTC

    Massa gets loans from IDB and WB ahead of IMF meeting

    Massa is convinced that the IMF will grant Argentina another US$ 7.5 billion

    The Inter-American Development Bank (IDB) and the World Bank (WB) will grant Argentina additional financing of US$ 1,300 million, Economy Minister and presidential candidate Sergio Massa announced Tuesday from Washington DC.

  • Wednesday, August 23rd 2023 - 10:56 UTC

    Uruguayan unions go on strike, again demanding shorter working hours and wage increases

    Union leader Abdala also said that the 48-hour work week leads to the fact that many times workers cannot follow up on the difficulties of childhood and adolescence of their children. Photo: PIT-CNT

    Uruguay's trade union central, the PIT-CNT, carried out this Tuesday a partial four-hour strike with a mobilization, in which it again called for a law to reduce the working day from 48 to 40 hours a week.

  • Wednesday, August 23rd 2023 - 10:55 UTC

    Argentina: Sharp drop in mass consumption reported

    Wholesale prices outpaced inflation in July

    Private studies released Tuesday in Buenos Aires showed a 16.1% drop in mass consumption in the first week of August, which further aggravated July's 15.8%, the Buenos Aires daily La Prensa reported.

  • Wednesday, August 23rd 2023 - 09:00 UTC

    Unemployment keeps dropping in Uruguay

    The trend keeps dropping as new people join the labor market

    Unemployment in Uruguay fell yet again last month to stand at 7.8%, according to a report released Tuesday in Montevideo by the National Statistics Institute (INE). Thus, the drop from June's figures was 0.4% for a total of some 144,400 jobless people in the South American country from 152,500 the month before.

  • Wednesday, August 23rd 2023 - 07:30 UTC

    Panama Canal limits transit of vessels because of a severe drought

    Both entrances to the canal, on the Pacific and Atlantic oceans, are now speckled with vessels stranded for more than 20 days

    On both sides of the Panama Canal, fleets of ships find themselves immobilized, delayed by weeks as waterway authorities have slowed traffic to conserve water amid a severe drought. A report from the Brazilian news agency O-Globo gives a detailed picture of what is happening.

  • Monday, August 21st 2023 - 11:23 UTC

    Argentina: Who can fix the political and economic problems?

    The three candidates who will disputing the election next 22 October, Javier Milei, Sergio Masa and Patricia Bullrich

    To most people's surprise, the divisive libertarian populist Javier Milei won Argentina's presidential primary. Milei took around 30% of the vote, triumphing in 16 out of the country's 24 provinces.

  • Monday, August 21st 2023 - 09:58 UTC

    Brazilian entrepreneurs seek opportunities through BRICS

    We already have many industries in India, Alban explained

    Some 30 industrialists from South America's largest country are attending this week's Cebric's Encounter, a gathering of businesspeople parallel to the BRICS (Brazil, Russia, India, China, and South Africa) Summit in Johannesburg until Wednesday, Agência Brasil reported.

  • Saturday, August 19th 2023 - 17:38 UTC

    Javier Milei plans to give a “prominent role” to Mauricio Macri in his future government

    Macri has approached the libertarian candidate, who often voices discontent with the political class, seeing them all, including the former President, as part of the same “caste.”

    The libertarian Javier Milei, the most voted presidential candidate in the last Primary, Open, Simultaneous and Mandatory (PASO) elections in Argentina, with about 30.90% of the votes, ratified that he maintains a strong dialogue with former President Mauricio Macri. So much so that he plans to offer him “a prominent role” if he were elected as the next national president, as he expressed in radio statements this week.

  • Saturday, August 19th 2023 - 10:55 UTC

    IMF holds talks with Argentina's opposition economists

    For the IMF the meetings were one of the Fund's regular and routine contacts with “a wide range of political and economic references”

    International Monetary Fund (IMF) specialists Friday held separate video conferences with economic teams from Argentina's two main contenders for the Oct. 22 presidential elections: La Libertad Avanza (LLA) and Juntos por el Cambio (JxC).

  • Saturday, August 19th 2023 - 09:21 UTC

    Massa clinches deal to curb price hikes

    The cost of the devaluation cannot be paid by the people, Massa argued

    Argentine Economy Minister and presidential hopeful Sergio Massa Friday announced an agreement with most leading supermarket chains and wholesalers for 90 days, during which prices will remain frozen in principle for some 52,300 mass consumption products and increases will be capped at 5% per month, it was reported in Buenos Aires.