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MercoPress, en Español

Montevideo, April 19th 2024 - 21:34 UTC

Stories for December 15th 2016

  • Thursday, December 15th 2016 - 07:12 UTC

    Bachelet furious with Economy minister who accepted an inflatable sex doll as a Xmas gift

    The gift doll had a card taped across its mouth that read “to stimulate the economy”, and Cespedes is working to do just that in the face of a sharp slowdown

    A Twitter storm blew up Wednesday in Chile over a business association's Christmas gift to the economy minister: an inflatable sex doll “to stimulate the economy.” The X-rated doll was a gift from the Association of Manufacturing and Services Exporters (Asexma) to Economy Minister Luis Felipe Cespedes at its annual dinner Tuesday night.

  • Thursday, December 15th 2016 - 02:32 UTC

    Venezuela definitively spoils Argentina's Mercosur taking-chair ceremony

    “There is no such confabulation! and ”you can't be a member of an organization with all its privileges without complying contractual obligations”, argued Malcorra.

    If Venezuela's intention was to spoil Argentina's ceremony as the new holder of Mercosur pro tempore chair for the next six months, they certainly managed. A low key event at foreign ministers level, instead of a presidential summit, was briefly interrupted by the uninvited attendance of Venezuelan foreign minister 'Delcy Rodríguez' who turned up in Buenos Aires to protest what Caracas considers a Mercosur confabulation against Venezuela, suspended from the block since last 2 December.

  • Thursday, December 15th 2016 - 00:18 UTC

    Fed raises rate 25 points to 0.75%, anticipates further increases while US dollar jumps in Asian markets

    Fed made the (unanimous) expected move on Wednesday because virtually all signs from the U.S. economy are showing signs of improvement

    The U.S. Federal Reserve increased its benchmark interest rate by a quarter of a percentage point to a range of between 0.5 and 0.75%. The higher rate will affect the what savers and borrowers get on their variable rate products from banks, and the fine print of the bank's policy decision shows that a majority of Fed members expect more rate hikes to come, as many as three in the next 12 months, after previously signaling it was expecting only two.

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