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MercoPress, en Español

Montevideo, July 4th 2025 - 18:36 UTC

Economy

  • Friday, August 18th 2023 - 11:00 UTC

    Argentine gov't reached deal to freeze price of fuel

    “People have to know that we know what is happening to them,” Massa stressed

    Argentina's Economy Minister and presidential candidate Sergio Massa announced Thursday that fuel prices will be frozen until Oct. 31 after a 12.5% increase this week following an agreement with the country's leading oil companies, including the state-run YPF. After a previous 4.5% rise on Aug. 1, fuels accumulated an adjustment of 17.56% this month.

  • Thursday, August 17th 2023 - 19:51 UTC

    US approves consumption and sale of “cell-cultivated chicken”

    Proponents of cultured meat say it’s healthier and more environmentally friendly than traditional meat. Outside the U.S., only Singapore has cleared the sale of cell-cultured meat.

    The U.S. Department of Agriculture is revolutionizing the meat industry, it has approved the sale of cell-cultured chicken in a landmark decision that clears the path for consumers to try it out themselves, the two startups that received the first approvals announced.

  • Thursday, August 17th 2023 - 11:46 UTC

    “Blue” dollar rises AR$ 50 in one day

    When will the “blue” dollar stop increase after the PASO elections?

    The “blue” (a euphemism for “black market”) dollar reached a new all-time-high Wednesday in Argentina and closed at AR$ 780 after hitting AR$ 800 at some point during the day, it was reported in Buenos Aires. On Tuesday it traded at AR$ 730 after Monday's 22% devaluation which drove it from AR$ 600 on Friday. It traded at AR$346 at the end of 2022.

  • Thursday, August 17th 2023 - 10:57 UTC

    “Unprecedented declines” in Chilean wine exports: China and UK worst cases

    “In this period, all ten of our main consuming markets have experienced declines in wine exports,” reported Wines of Chile

    Chile reported in the first half of 2023 “unprecedented declines” in wine exports, totaling 20 million boxes and 584 million dollars, which represents a 24% decrease in both volume and value compared to the same period last year, according to Wines of Chile.

  • Thursday, August 17th 2023 - 10:54 UTC

    Brazilian export sectors concerned with the political and financial situation in Argentina

    Auto industry exports from Argentina have not been sufficient to compensate for purchases of Brazilian soybeans

    The deteriorating Argentine political and financial situation is already affecting some sectors of the Brazilian economy. Representatives from associations linked to manufactured products reported a decline in exports this year. They expressed concern over potentially worsening shipment figures until December when Argentines will decide on the country’s new president.

  • Thursday, August 17th 2023 - 09:07 UTC

    Petro announces Colombia will renegotiate FTA with US

    For Petro, wealth is not in extraction, but in production (Pic EFE)

    Colombian President Gustavo Petro Urrego announced Wednesday that his country had started renegotiating with the United States the Free Trade Agreement (FTA) between the two countries in force for the past eleven years.

  • Thursday, August 17th 2023 - 08:31 UTC

    Milei announces virtual meeting with IMF

    Milei vowed not to “take away the protection of the vulnerable” if elected president

    Argentine presidential hopeful Javier Milei of La Libertad Avanza Wednesday confirmed he would be holding a virtual conference with International Monetary Fund (IMF) authorities on Friday. The single most-voted candidate in last Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections said he would be joined by his “economic council.”

  • Wednesday, August 16th 2023 - 11:48 UTC

    Argentina: July's inflation reported at 6.3%

    According to Indec, salaries in June narrowly beat inflation

    Argentina's National Institute of Statistics and Census (Indec) announced Tuesday that the variation in the Consumer Price Index (CPI) for the month of July of 2023 was 6.3% for a total of 60.2% in the first seven months of the year and 113.4% interannually, it was reported in Buenos Aires.

  • Wednesday, August 16th 2023 - 11:40 UTC

    Milei ready to take over in case of President's early departure from office

    “We have to be prepared for any scenario,” the Economist Milei argued

    Libertarian Congressman Javier Milei, who was the most-voted candidate in Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections, said he was ready to take over the helm at Casa Rosada at once should President Alberto Fernández and his constitutional successors step down ahead of the Dec. 10 schedule.

  • Wednesday, August 16th 2023 - 11:33 UTC

    Russia/Ukraine conflict, ruble collapses and Moscow forced to hike interest rate

    The Bank of Russia announced its decision to hike interest rate to 12% after the ruble plummeted below the mark of 100 rubles for one US dollar.

    Russia's 's central bank hiked its key interest rate to 12% on Tuesday. The 3.5 percentage point rise represents a bid to fight high inflation and the sharp depreciation of the country's currency against the US dollar.