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MercoPress, en Español

Montevideo, December 26th 2025 - 22:36 UTC

Latin America

  • Friday, August 31st 2018 - 07:43 UTC

    Argentine peso plummets and central bank raises interest rate to 60%

    As the US dollar on Thursday trading rapidly climbed from Wednesday's 34 Pesos to over 36 Pesos, the Central bank raised its benchmark interest rate to 60%

    The Argentine Peso plummeted 15.6% to a new record on Thursday, and ended trading at 39.87 after having reached almost 42 Pesos to the US dollar in mid afternoon. This follows on the Wednesday which also witnessed the Argentine currency slide 7% to the greenback.

  • Thursday, August 30th 2018 - 09:11 UTC

    Macri addresses the nation; IMF pledges more support but Peso falls 7%, a record 34 to the US dollar

    “We have agreed with the IMF to advance all the necessary funds to guarantee compliance with the financial program next year,” Macri said in a televised address

    Argentina's Peso suffered its biggest one-day slide in almost three years on Wednesday after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.

  • Thursday, August 30th 2018 - 09:11 UTC

    Emergency in Brazil: 700/800 Venezuelans cross the border daily, claims Temer

    Temer said an estimated 700 to 800 Venezuelans cross the border at the town of Pacaraima every day

    The Brazilian government may restrict entrance of Venezuelans at the border in the remote northwestern state of Roraima, President Michel Temer said on Wednesday, after a flood of migrants has strained local services and sparked violence with residents.

  • Thursday, August 30th 2018 - 08:55 UTC

    LATAM plans to replace 1.200 airport based employees in Brazil

    “The company has adopted measures so the change will have the least impact possible on workers,” the airline said in a statement

    Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.

  • Thursday, August 30th 2018 - 08:29 UTC

    Migrants returning to Venezuela following Maduro's promise of jobs

    Many of the migrants traveling home on Monday complained of xenophobia against Venezuelans as Peru and other countries in the region cope with the influx

    A group of Venezuelan migrants has returned home from Peru at the expense of Nicolas Maduro's government. Facing an exodus from Venezuela, Maduro had proclaimed his countrymen “won't be slaves to anyone in the world.”

  • Thursday, August 30th 2018 - 08:23 UTC

    Canada and US expected to reach a new NAFTA deal by Friday deadline

    Canada Foreign Minister Chrystia Freeland said talks were at “a very intense moment” but there was “a lot of good will” between negotiators

    The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained.

  • Tuesday, August 28th 2018 - 09:07 UTC

    Women’s economic empowerment discussed at OAS with Ivanka Trump

    White House Advisor Ivanka Trump underlined “the world is more prosperous, more at peace when women across the globe can fully participate in the economy”

    The Inter-American Council for Integral Development of the Organization of American States (OAS) today organized a meeting that featured Secretary General Luis Almagro, White House Advisor Ivanka Trump and the President and CEO the Overseas Private Investment Corporation (OPIC), Ray W. Washburne, to discuss “Financial Empowerment of Women for the Sustainable Social and Economic Development of the Americas.”

  • Friday, August 24th 2018 - 09:06 UTC

    Latin American growth lowered to 1.5% this year, in a “complex global scenario”

    Latin America's economies posted solid growth of 6.2% in 2010, but then tipped into a two-year regional recession in 2015

    Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday. The Economic Commission for Latin America and the Caribbean (ECLAC) slashed its growth forecast for the region by 0.7 point to 1.5%, saying the “complex global scenario” had dimmed the outlook since its last report in April.

  • Thursday, August 23rd 2018 - 09:12 UTC

    The democratic challenge to dictatorships and xenophobia in Latin America

    The panel discussed the democratic clauses of the different institutional bodies in the continent against the erosion of the rule of law

    During the conference entitled “The democratic challenge to the autocracies of the 21st century in Latin America,” organized by the Center for the Opening and Development of Latin America (CADAL) on Tuesday at the Senate of Uruguay, the Government of Venezuela was described as a “dictatorship” and it was exhorted that the democratic governments of the region, especially the Uruguayan government, not be indifferent or “accomplices” against today’s Latin America’s autocratic governments.

  • Wednesday, August 22nd 2018 - 06:59 UTC

    OAS Observation Mission Visits Brazil ahead of October elections

    Chief of Mission, ex Costa Rica president Laura Chinchilla is scheduled to meet with Brazilian head of state Michel Temer in Planalto Palace

    The Chief of the Electoral Observation Mission of the Organization of American States (EOM/OAS) to the October 7 general elections in Brazil, the former President of Costa Rica Laura Chinchilla, arrived in Brasilia to learn about the advances made in the organization of the election. This is the first time that the OAS has observed an electoral process in Brazil.