MercoPress, en Español

Montevideo, January 21st 2018 - 08:33 UTC

Economy

  • Wednesday, October 31st 2007 - 20:00 UTC

    US subprime crisis hits Chilean wood molding industry

    The subprime lending crisis in the United States recently forced Chile's Celulosa Arauco (CELCO), the forestry arm of the Angelini group, to close the La Araucana sawmill located in Los Álamos in Arauco province. The decision left 130 people unemployed.

  • Wednesday, October 31st 2007 - 20:00 UTC

    Chile drops in most globalized countries ranking

    Chile fell nine spots in the 2007 Globalization Index, compiled by Foreign Policy magazine and the management consulting firm AT Kearney. Additionally, Chile is no longer the most globalized Latin American country, as Panama and Costa Rica jumped to higher spots on the list

  • Wednesday, October 31st 2007 - 20:00 UTC

    Argentina: record corn crop; mixed views on soybeans

    Argentina's 2007/08 corn crop could surpass last season's record output by more than 10% but analysts had mixed views on soybeans' potential due to concerns about yields. The country produced 21.8 million tons of corn last season and a record 47.6 million tons of soybeans.

  • Tuesday, October 30th 2007 - 20:00 UTC

    Argentines expect 20% inflation in Cristina's first year

    Argentines expect 20% inflation in the next year, double the official rate and consumer confidence has shed 21% after hitting an all-time high in January, according to a survey done this month by Torcuato Di Tella University.

  • Monday, October 29th 2007 - 20:00 UTC

    Transition to organic wool picks up in Australia, New Zealand

    Australian wool broker Lanoc Wool has recently initiated a 'transition to organics' course with the help of TM Organics and a group of ten woolgrowers who collectively produce around 3000 bales per annum.

  • Friday, October 26th 2007 - 20:00 UTC

    UK remains vulnerable to fallout from credit crunch

    The United Kingdom remains vulnerable to further fallout from the recent credit crunch that has gripped world markets, a Bank of England report warns. BoE said British sub-prime borrowers could encounter problems obtaining credit because banks faced higher borrowing costs.

  • Friday, October 26th 2007 - 20:00 UTC

    China rolls on at 11.5% soon to become third largest economy

    China's booming economy has grown by 11.5 percent in the third quarter, slightly less that the 11.9% of the previous quarter. Beijing efforts to slow the rapid expansion. The continued growth has put China on track to surpass Germany as the world's third largest economy, by as early as December.

  • Friday, October 26th 2007 - 20:00 UTC

    Stora-Enso is closing three paper mills and cutting 1.700 jobs

    The Finnish-Swedish forest products group Stora Enso reported Thursday a third quarter loss and announced plans to cut production by closing mills in Finland and Sweden which will mean the loss of 1.700 jobs.

  • Friday, October 26th 2007 - 20:00 UTC

    Argentina's finances and spending on the electoral trail

    It's electoral time and Argentina's government spending has reached a 24% of GDP, which is considered a record and several points ahead of the vilified administration of former president Carlos Menem, 21% at its peak, and who has been blamed for much of Argentina's recent shortcomings, points out the Buenos Aires press.

  • Friday, October 26th 2007 - 20:00 UTC

    Argentina's heterodox mix of policies still “unconvincing”

    Financial investors feel disappointed with President Nestor Kirchner's administration and are demanding fiscal and monetary policies corrections to dominate inflation and ensure sustained growth before they begin to consider putting money into Argentina's sovereign bonds at reasonable rates.