MercoPress, en Español

Montevideo, July 17th 2018 - 13:43 UTC

Economy

  • Saturday, April 26th 2008 - 21:00 UTC

    Uruguay acts to contain US dollar fall in local market

    Minister Danilo

    Uruguay announced a package of measures to contain the effects of a collapsing US dollar in the local money market and to combat inflation. The local currency, Uruguayan peso, has appreciated almost 7% against the US dollar in the first four months of 2008 and has dropped to June 2002 levels which has caused concern among the country's exporters.

  • Friday, April 25th 2008 - 21:00 UTC

    Kirchner inflation index for March 1%; Argentina's CPI 4.2%

    Indec headquarter in Bs Aires

    Two Argentine provinces, which are out of the Kirchners' political influence, have reported monthly inflation almost four times the official percentage, according to the latest releases from the Statistics and Census Office in Buenos Aires and its branches in Santa Fe and San Luis.

  • Thursday, April 24th 2008 - 21:00 UTC

    Latam forecasted to expand 4.7% in 2008; Argentina 7%

    Latin America's economy will grow at 4.7% in 2008 compared with 5.7% last year, the United Nations Latin American and Caribbean Economic Commission, CEPAL, estimated this week, reaffirming growth targets trimmed in March.

  • Wednesday, April 23rd 2008 - 21:00 UTC

    Rice prices soar on fears Thailand could ban exports

    Rice prices have ballooned to fresh heights in Asian trade amid concern that export bans by key producing countries will hit supply. Curbs are in place in India and Vietnam to protect domestic supply and there are fears that Thailand, the world's largest producer, could follow suit.

  • Tuesday, April 22nd 2008 - 21:00 UTC

    UK £ 50 billion plan to help financial system

    British Chancellor of the Exchequer Alistair Darling supported on Monday the Bank of England's £50bn plan to help prevent the credit crisis causing more damage to the UK banking system.

  • Monday, April 21st 2008 - 21:00 UTC

    Singapore warns of worst world recession in 30 years

    Singapore's GIC, one of the biggest sovereign wealth funds, warned on Monday the world could be facing its worst recession in 30 years and that financial markets would be highly volatile.

  • Monday, April 21st 2008 - 21:00 UTC

    US banks report more write downs and hunt for fresh funds

    US banks continue in turmoil reporting lower profits, write-downs and hunting for fresh funds Bank of America reported a 77% drop in profits in the first three months of 2008, hit by trading losses and a 6 billion write-down to cover bad loans. National City Corporation from the Midwest admitted it was looking for 7 billion US dollars.

  • Saturday, April 19th 2008 - 21:00 UTC

    UK's second bank shareholders asked to inject cash

    Britain's second largest bank, Royal Bank of Scotland, is to ask shareholders for about £10 billion of extra cash to improve its financial position, reports BBC.

  • Saturday, April 19th 2008 - 21:00 UTC

    Citigroup losses: when bad news becomes good news

    Citigroup, the biggest bank of USA lost U$S 5.110 M

    New York based Citigroup has suffered a second massive loss and is cutting 9,000 jobs as the credit crisis continues to take its toll on the biggest US bank.

  • Friday, April 18th 2008 - 21:00 UTC

    Aerolineas could be returning to the “Argentine fold”

    “Aerolineas Argentinas will recover the levels of prestige and quality service”, said Pascual

    The Spanish tourism operator Marsans which has a majority stake in Aerolineas Argentinas announced in Buenos Aires the intention of making the flag air carrier “ever more Argentine”, and simultaneously taking advantage of the expertise and opportunities the Spanish group can offer.