MercoPress https://en.mercopress.com/ South Atlantic News Agency en Copyright 2026, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[Argentina's inflation slows to 1.9% in June, lowest monthly rate in 10 months]]> The government presents the slowdown as one of the main achievements of the fiscal and monetary adjustment program launched after Javier Milei took office in December 2023 Inflation in Argentina slowed for the third consecutive month in June, coming in at 1.9%, according to the National Institute of Statistics and Censuses (INDEC). It was the lowest monthly figure since August 2025 and the first time this year that the index dropped below the 2% threshold. Year-on-year, prices rose 33.5%, while the first-half cumulative figure reached 16.8%.

]]> Tue, 14 Jul 2026 22:26:00 GMT <![CDATA[Argentine buyers slow their push into Uruguay's property market]]> Among the reasons operators say keep Uruguay attractive is legal certainty in the rental market The flow of Argentine investors into Uruguay's property market, which intensified after the pandemic and during the years of greatest economic uncertainty in Argentina, is showing signs of easing. Sector operators attribute the shift to Argentina's economic recovery and to the narrowing price gap between the two countries.

]]> Mon, 13 Jul 2026 08:00:00 GMT <![CDATA[Falklands planning business delegation to Uruguay to buy construction materials, ‘costs the crux of the issue”]]> The kind of products needed in the Islands are certainly available in Uruguayan terms of construction materials as well as normal every day goods and provisions Talks are continuing over a potential Falkland Islands business delegation to Uruguay later this year. Organized by Falkland Islands Development Corporation and the Chamber of Commerce, the visit would connect Falklands businesses with Uruguayan suppliers. The issue was discussed with Sam Cockwell, Strategic Projects Manager at the Falklands Development Corporation, FIDC

]]> Thu, 09 Jul 2026 16:23:00 GMT <![CDATA[Cuba details business reforms opening private firms to foreign investment]]> Among the changes, authorities will allow the creation of larger private firms, with no size limit, and let a single person own more than one company The Cuban government on Wednesday set out the scope of measures on the management model for its state and private economic actors, part of a package of 176 reforms approved in June by the National Assembly with the stated aim of liberalizing and decentralizing the island's economy.

]]> Thu, 09 Jul 2026 04:13:00 GMT <![CDATA[Milei plans US-style government shutdown mechanism to cap Argentina's spending]]> “We are working on setting up the shutdown of the executive branch, of politics really,” Milei said in a streaming interview Argentine President Javier Milei announced on Tuesday that he will send Congress a bill to introduce a government "shutdown" mechanism, modeled on the US system, that would bar the executive from continuing to spend once budget allocations run out. The measure is part of a package of economic reforms with which the president aims to relaunch his administration.

]]> Wed, 08 Jul 2026 07:20:00 GMT <![CDATA[Venezuela quake death toll reaches 3,685 as economists urge lifting of US sanctions]]> A worker paints the graves of unidentified victims of the June 24 earthquake. Photo: Miguel Medina / AFP The death toll from the twin earthquakes that struck northern Venezuela on June 24 rose to at least 3,685, after another 150 fatalities were added to Monday's count, according to official figures. The number of injured held at 16,740 and that of people rescued at 6,462, while those who lost their homes rose to 17,907. Authorities present the data as provisional.

]]> Wed, 08 Jul 2026 07:10:00 GMT <![CDATA[Argentina's country risk hits an eight-year low as rating upgrades lift dollar bonds]]> Market analysts believe there could still be room for additional compression, though they warn it would be more limited Argentina's country risk closed this week at 421 basis points, its lowest level in eight years, amid a strong recovery in dollar-denominated sovereign bonds driven by recent improvements in the country's credit rating. The indicator, compiled by the bank JP Morgan, reflects the premium Argentina must pay to borrow in dollars over US debt, considered risk-free.

]]> Thu, 02 Jul 2026 08:02:00 GMT <![CDATA[Uruguay takes over the Mercosur presidency vowing to modernize and open the bloc]]> Orsi described the closing semester as “historic” for the signing of the pact with the EU, which he called a “turning point” for economic integration and investment Uruguay's President Yamandú Orsi on Tuesday assumed the pro tempore presidency of Mercosur and set as a priority of his term to "keep modernizing" the bloc and consolidate its trade opening, following the provisional entry into force of the agreement with the European Union. "We want a more modern, more dynamic Mercosur, more open to the world, but above all a Mercosur that produces concrete results for its citizens," he said as he received the rotating presidency from host Santiago Peña of Paraguay, at the 68th summit of heads of state held in Luque.

]]> Wed, 01 Jul 2026 08:26:00 GMT <![CDATA[Mercosur turns to Asia with Japan talks as the EU quota split stays unresolved]]> Mercosur on Tuesday announced the start of trade negotiations with Japan and reaffirmed its intention to diversify alliances toward Asia during its biannual summit in Asunción, where Paraguay handed over the bloc's pro tempore presidency to Uruguay. The meeting, however, closed without an agreement on the internal distribution of export quotas under the treaty with the European Union, and again exposed the differences between Argentina and Brazil over the bloc's direction.

]]> Tue, 30 Jun 2026 22:22:00 GMT <![CDATA[Argentina taps the local market to fund a $4.2 billion bondholder payment due July 9]]> The strategy of Economy Minister Luis Caputo was aimed at obtaining foreign currency in the local market rather than turning to international credit markets, where rates for Argentina remain high Argentina's Economy Ministry on Monday completed the placement of the Bonar 2028 (AO28), a dollar-denominated bond under local law, raising most of the funds needed to face a maturity of around $4.2 billion with private debt holders due on July 9. In the second round of the auction, the Finance Secretariat awarded $100 million, thereby reaching the authorized cap of $2 billion for that instrument.

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