MercoPress, en Español

Montevideo, August 15th 2018 - 16:39 UTC

Economy

  • Tuesday, October 9th 2007 - 21:00 UTC

    Copper at its highest in 41 years and keeps rising

    Current boom copper demand has catapulted the value of the metal to its highest price in more than 40 years. The Chilean Copper Commission reported that the average copper price through September this reached 3.27 US dollar per pound, highest average price since 1966, when the commodity averaged US$3.63 for the year.

  • Tuesday, October 9th 2007 - 21:00 UTC

    Banco del Sur will be launched on November in Caracas

    Seven South American countries agreed to establish Banco del Sur, a regional development bank championed by Venezuelan President Hugo Chavez, in an effort to expand regional trade and growth with their own resources.

  • Tuesday, October 9th 2007 - 21:00 UTC

    Chilean exporters howl as US dollar falls to below 500 pesos

    US dollar slipping and  with no end on sight

    The US dollar continued on Tuesday its rapid erosion and closed at 498 Chilean pesos, its lowest value against the local currency since 1999. So far this year the Chilean peso has appreciated 6.41% against the US dollar compared to 3.95% for the twelve months of 2006.

  • Tuesday, October 9th 2007 - 21:00 UTC

    Cristina K rejects “monetarist” and “neo-liberal” economics

    Opinion polls show Cristina a head but inflation is trailling

    Argentine Senator Cristina Fernandez de Kirchner said if elected president her administration would discard “monetarist” and “neo-liberal” solutions to combat any outbreak of inflation, which has become the main campaign issue of those opposing her husband President Nestor Kirchner.

  • Tuesday, October 9th 2007 - 21:00 UTC

    EU farmers lobby for ban on Brazilian meat imports

    EU concerns about full safety

    The European Union may resort to a ban on Brazilian meat imports if the country does not improve food safety standards, the European Union's health chief said on Tuesday addressing members of the European Parliament.

  • Monday, October 8th 2007 - 21:00 UTC

    Greenspan says US economic growth slowing

     I think they ought to be cautious, but nervous doesn't help

    Alan Greenspan, who served for 19 years as chairman of the Federal Reserve and has made a new splash with a memoir critical of Republicans and the Bush White House for not getting better control over federal spending, says today that the odds of a recession in coming months are “less than 50-50”.

  • Monday, October 8th 2007 - 21:00 UTC

    Region gives final touches to launching of Bank of the South

    Economy and Finance ministers from all South American countries, except for Peru and Colombia, are meeting Monday in Brazil to discuss final details of a regional development financial institution sponsored by Venezuela's President Hugo Chavez.

  • Monday, October 8th 2007 - 21:00 UTC

    IMF Rato warns Latam about impacts of US sub prime crisis

    The credit squeeze will force governments worldwide to make substantial changes to their budget plans, Rodrigo Rato, outgoing managing director of the International Monetary Fund, has warned. He said that the credit squeeze was a “serious crisis” that was not over yet and would curtail growth worldwide.

  • Monday, October 8th 2007 - 21:00 UTC

    Argentine dairy farms tempted to turn to wheat and soy

    Dairy farms will have to wait until after the Elections for solutions

    Farmers from Argentina's dairy belt, one of the most productive in the world are considering converting into cereals and oil seeds given the low reference prices imposed by the Argentine government.

  • Saturday, October 6th 2007 - 21:00 UTC

    Record budget surplus in Chile this year: 8.1% of GDP

    Because of high copper prices, Chilean treasury officials now believe that they will end the year with a historic budget surplus of 8.1% of the Gross Domestic Product (GDP).