Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, July 20th 2025 - 20:37 UTC

Politics

  • Friday, December 6th 2024 - 10:23 UTC

    Argentina's BCRA lowers basic interest rate again

    The previous decrease had been announced on Nov. 1 when the TNA was lowered from 40 to 35%

    Argentina's Central Bank (BCRA) announced Thursday a reduction in the basic interest rate (Nominal Annual Rate - TNA), from 35% to 32% while one for swaps will go down from 40% to 36%. The measure is effective as of Friday and impacts all fixed-term deposits.

  • Friday, December 6th 2024 - 10:00 UTC

    Argentine Supreme Court says CFK must stand trial for AMIA bombing cover-up

    CFK is believed to have covered up for the Iranian suspects in the AMIA bombing

    Argentina's Supreme Court (CSJN) ruled Thursday that former President Cristina Fernández de Kirchner (CFK) and others should stand trial for signing a Memorandum of Understanding (MOU) with Iran, thus upholding a previous decision by a Federal Court of Appeals.

  • Friday, December 6th 2024 - 10:00 UTC

    Relief in Brazil, EU negotiators agree to delay anti-deforestation bill until end of 2025

    The “informal agreement” reached by the Parliament, Commission, and Council is scheduled to be voted during the Parliament’s next plenary session, December 16–19

    The implementation of the European Union Deforestation Regulation bill has been postponed until the end of 2025, following a provisional political agreement this week, between the European Parliament and the European Council.

  • Thursday, December 5th 2024 - 21:09 UTC

    Bolivia's main airport out of operation for hours

    The former FedEx aircraft blocked Viru Viru's runway for a few hours after a landing gear problem

    An undercarriage failure resulted in a Transporte Aéreo Boliviano (TAB) McDonnell-Douglas freighter blocking the only runway at Santa Cruz de la Sierra's Viru Viru International Airport early Thursday. It was not until way past dawn that operations went back to normal. In the meantime, most flights were diverted to Asunción (Paraguay).

  • Thursday, December 5th 2024 - 20:38 UTC

    Petro decorates Mujica with Colombia's highest distinction

    Both former guerrilla fighters highlighted how much they have in common

    Colombian President Gustavo Petro Thursday decorated Uruguay's former head of State José Pepe Mujica with the Order of Boyacá for his commitment to regional peace. The ceremony was held at Mujica's residence in Rincón del Cerro, on the outskirts of the country's capital, where the 89-year-old leftwing leader welcomed a group of his supporters.

  • Thursday, December 5th 2024 - 10:55 UTC

    Mercosur-EU deal at stake at Montevideo Summit starting Thursday

    Von der Leyen's presence is interpreted as a will on the part of most EU members to conclude the FTA

    The Southern Common Market (Mercosur) hopes to clinch the Free Trade Agreement (FTA) with the European Union (EU) during the two-day regional bloc's Summit starting Thursday in Montevideo with European Commission President Ursula von der Leyen as the main guest.

  • Thursday, December 5th 2024 - 10:40 UTC

    Falklands, 140 next of kin visit the Argentine Military Cemetery at Darwin

    Argentine Military Cemetery at Darwin where next of kin visited the graves of their loves ones (Pic LA NACION)

    A hundred and forty next of kin of Argentine combatants fallen during the 1982 South Atlantic conflict this Wednesday arrived at the Falkland Islands to visit the Argentine military cemetery at Darwin to honor the graves of their loved ones.

  • Thursday, December 5th 2024 - 09:54 UTC

    Chile: “Israel” street renamed in condemnation of ongoing events in Middle East

    The street will recover its old denomination of “Nueva Ñuñoa” which was in use until 1959

    The City Hall of Ñuñoa, one of the municipalities within the Santiago Metropolitan Region, approved a street name change as a response to ongoing international conflicts: the street República de Israel will be renamed in solidarity with Palestine and condemnation of Tel Aviv's military actions in the Gaza Strip against local people. The decision was approved by 7 votes to 1 during Wednesday's council meeting, after a consultation with the neighbors.

  • Thursday, December 5th 2024 - 09:46 UTC

    French PM loses vote of no confidence for the first time since 1962

    Barnier is likely to remain as caretaker PM until a replacement is found

    French Prime Minister Michel Barnier has been forced to resign after losing a vote of no confidence Wednesday prompted by budget disputes. However, he will likely stay as a caretaker PM until President Emmanuel Macron finds a replacement. Barnier's appointment took Macron nearly two months after July’s parliamentary election. The National Assembly approved the motion by 331 votes, far exceeding the minimum 288 needed. The political standoff has unsettled financial markets, with borrowing costs rising sharply amid fears of prolonged instability.

  • Thursday, December 5th 2024 - 09:33 UTC

    US financing could boost development of yet another megaport in Peru

    In the meantime, Chancay continues to grow as a key point for trade with Asia

    Peruvian media have reported on the alleged interest of the United States in funding the southern port of Corío, in Arequipa, to match the Chancay Megaport opened in northern Lima last month and built with China's support. However, there are still administrative and technical challenges to overcome before Corío can consolidate itself as a direct competitor in international trade.