MercoPress, en Español

Montevideo, February 22nd 2018 - 22:42 UTC

Economy

  • Wednesday, August 8th 2007 - 21:00 UTC

    Big Mac index has Argentina among most expensive countries

    Big Mac PPP is the exchange rate that would mean hamburgers cost the same in America as abroad

    According to the Big Mac index from The Economist which measures purchasing power parity, Argentina continues to climb and is rapidly becoming one of the most expensive countries in the world.

  • Tuesday, August 7th 2007 - 21:00 UTC

    Fed fears inflation and leaves rates unchanged at 5.25%

    Fearing that inflation will fail to moderate as expected the United States Federal Reserve Open Market Committee left on Tuesday interest rates unchanged. Analysts had widely predicted the Federal Reserve would leave rates at 5.25% for a 13th month, and that was the unanimous verdict of the Fed panel.

  • Tuesday, August 7th 2007 - 21:00 UTC

    Chilean meat industry stands to benefit most from FTA with Japan

    Chile is classified as a “ZERO RISK” country since it is free of the diseases listed in the OIEs “A” list

    The Free Trade Agreement between Chile and Japan, which comes into effect next month, will increase Chilean exports to that Asian nation by as much as 400 million US dollars a year, according to newly released Chilean government estimates.

  • Monday, August 6th 2007 - 21:00 UTC

    Latin America's richest man is worth 67.8 billion US dollars

    Carlos Slim Helu

    Mexican telecom tycoon Carlos Slim, who is estimated by some calculations to be the world's richest man, said that he shook aside those comments and was more interested in making his business life compatible with his family and personal life.

  • Monday, August 6th 2007 - 21:00 UTC

    President Kirchner's confidence index keeps eroding

    With less than three months for next October presidential election the Nestor Kirchner administration is going through one of its worst moments since he first took office in May 2003, according to the Confidence Index from the Torcuato Di Tella University.

  • Friday, August 3rd 2007 - 21:00 UTC

    ECB rates unchanged at 4% but September hike is forecasted

    The European Central Bank (ECB) left Eurozone interest rates on hold at 4% for the second month in a row. The Thursday decision however also anticipated that the ECB will be hiking rates next September or October

  • Friday, August 3rd 2007 - 21:00 UTC

    Bank of England “wait and see” policy leaves rate at 5.75%

    The Bank of England decided Thursday to leave the cost of borrowing at 5.75%. The Monetary Policy Committee (MPC) had been widely expected to keep rates on hold this month, as it waits to see the impact of the rises so far, but many economists predict rates will go up to 6% later this year.

  • Friday, August 3rd 2007 - 21:00 UTC

    Chavez again to the rescue of Argentina's financial woes

    Argentina' cabinet chief Alberto Fernandez confirmed Thursday that the coming week Venezuela will again purchase Argentine sovereign bonds for which “we Argentines should, and must be fully acknowledged to President Hugo Chavez” for the financial help extended.

  • Friday, August 3rd 2007 - 21:00 UTC

    “Fiscal orthodoxy”, once Cristina K becomes president

    Faced with the growing turbulence of global financial markets and Senator Cristina Fernandez October 28 presidential bid Argentine President Nestor Kirchner has instructed his advisors to promote domestic consumption and ensure economic expansion, but as of next November “fiscal revenue must be higher than expenditure” according to reliable political sources in Buenos Aires.

  • Friday, August 3rd 2007 - 21:00 UTC

    Leading Chilean bishop calls for improved income distribution

    Chilean Episcopal Conference president Monsignor Alejandro Goic who played a leading mediation role in a labor conflict in the copper mines, said that one of the causes for labor strife are low salaries and suggested that the “minimum salary should really be converted into an ethical salary”.