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MercoPress, en Español

Montevideo, August 21st 2025 - 09:56 UTC

Investments

  • Monday, August 4th 2025 - 10:28 UTC

    Sales of brand new cars surge in Argentina

    Toyota featured two models among the top-three selling ones

    Sales of brand new cars grew 44% yoy in July, marking the best performance since 2018. The Argentine Automobile Dealers Association (Acara) attributes this growth to economic stability, greater model availability, promotions, and attractive financing. The motorcycle market also saw significant growth, with sales increasing by 33.9% interannually to 54,060 units. The top-selling brand was Toyota, with the Yaris its most popular model.

  • Tuesday, July 29th 2025 - 10:30 UTC

    HSBC sells out operations in Uruguay to leading Brazilian bank

    BTG Pactual is already present in Mexico, Colombia, Peru, Chile, and Argentina

    Brazilian bank BTG Pactual has acquired the Uruguayan operations of British bank HSBC for US$175 million, marking BTG Pactual's entry into Uruguay and HSBC's exit from the market as part of its global restructuring strategy. The deal, announced on Monday, includes both equity and additional capital instruments and is subject to regulatory approvals.

  • Thursday, July 24th 2025 - 08:36 UTC

    Lula and Sheinbaum discuss joint developments

    Lula suggested expanding the existing trade agreement between the two countries

    Presidents Luiz Inácio Lula da Silva of Brazil and Claudia Sheinbaum of Mexico held a telephone conversation on Wednesday to discuss strengthening bilateral relations and economic cooperation.

  • Saturday, July 19th 2025 - 10:37 UTC

    Paraguay to receive electric buses and pickup trucks from Korean Donation

    Jeepneys are very popular in the Philippines

    Paraguay is set to receive 60 distinctive electric “jeepney” buses and 20 electric pickup trucks as a donation from the Korean government. The buses, known for their colorful, elongated design popular in the Philippines, are expected to arrive in Paraguay in October and will be assembled domestically, becoming operational by year-end.

  • Saturday, July 19th 2025 - 10:27 UTC

    Uruguay: New water treatment plant approved

    The Uruguayan government canceled the controversial Arazatí plan known as Project Neptuno

    Uruguay is moving forward with plans for a 200,000 cubic meter water treatment plant in the Santa Lucía River basin, specifically in the Aguas Corrientes area. This decision comes after renegotiations of a contract, with the project now the previously planned Arazatí initiative was scrapped.

  • Friday, July 18th 2025 - 10:40 UTC

    Paraguay, UK sign “Friendship Charter”

    The “United Kingdom-Paraguay Friendship Charter” marks a new chapter in bilateral relations

    Paraguayan Foreign Minister Rubén Ramírez Lezcano and British Secretary of State for Foreign Affairs David Lammy signed Thursday in London the so-called “United Kingdom-Paraguay Friendship Charter,” committing both nations to enhanced cooperation across five key areas:

  • Thursday, July 17th 2025 - 10:40 UTC

    Falklands, Government finally presents delayed 25/26 Budget approved by outgoing Legislative Assembly

    MLA Roger Spink, said: “This budget has been the subject of thorough and, at times, robust debate among Members.”

    The Falkland Islands Government’s (FIG) Budget for 2025/26 has today, 16th July, been approved by the Legislative Assembly, setting a considered and strategic direction to safeguard the long-term financial health of the Islands.

  • Thursday, July 17th 2025 - 09:25 UTC

    Major overhaul announced for Buenos Aires underground Line B

    The first of the new trains is expected to enter service during the first quarter of 2027

    The Chinese company CRRC Changchun Railway Vehicles Co. Ltd has been awarded a US$301.5 million contract by the Buenos Aires City government to completely renovate the fleet of Line B of the underground metro system. This line is the most heavily used, serving approximately 180,000 daily users.

  • Wednesday, July 9th 2025 - 09:20 UTC

    Brazil and China to assess railroad to Peru feasibility

    The Integration Routes project is one of four strategic axes signed between Presidents Luiz Inácio Lula da Silva and Xi Jinping

    Authorities from Brazil and China signed this week an agreement to start the studies for the construction of a railway connecting the Atlantic and Pacific Oceans, which would bring South America's largest country closer to the Asian giant trade-wise.

  • Tuesday, July 8th 2025 - 06:51 UTC

    Falklands, Public Consultation on Use of TV and Radio Services

    FIG is keen to understand what content Falklands’ residents access and what technology they use to access that content.

    The Falkland Islands Government (FIG) would like to remind all residents that the public consultation on the use of television and radio services across the Islands is still open and will run until 15 July 2025.