MercoPress, en Español

Montevideo, February 25th 2017 - 19:02 UTC

Economy

  • Thursday, February 9th 2017 - 15:45 UTC

    Cereal prices continue to rise despite improved supplies, says FAO

    The FAO Cereal Price Index rose 3.4% from December to a six-month high, with wheat, maize and rice values all increasing.

    The FAO Food Price Index averaged 173.8 in January, its highest value in almost two years, marking a 2.1% increase from its revised December value and 16.4% above its 2016 January level. The FAO Sugar Price Index surged 9.9% in the month, driven by expectations of protracted supply tightness in Brazil, India and Thailand.

  • Thursday, February 9th 2017 - 11:36 UTC

    Brazilian inflation drops for the fifth straight month

    Prices during January rose 0.38% from a month earlier, the smallest rise for January since 1994, according to IBGE

    Consumer prices rose less than expected in Brazil in January for the fifth straight month, increasing the chances of steeper interest rate cuts and a stronger economic recovery as the inflation rate falls toward the government's long-missed target.

  • Thursday, February 9th 2017 - 07:16 UTC

    Macri to launch “Patagonia Project” for southern Argentina provinces

    The Argentine president is thinking about developing the rich deep south but also is thinking about midterm elections next October

    Argentine president Mauricio Macri is scheduled to launch on Thursday the much expected “Patagonia Project”, a massive ambitious development program for the southern provinces similar to the “Belgrano Plan” which was recently launched for the northern provinces.

  • Wednesday, February 8th 2017 - 10:28 UTC

    British government manages to avoid conditions to the Brexit bill

    Labour and some Tories had pushed for MPs to have a decisive say on the final terms, but the 326 to 293 vote meant the bill remained unchanged.

    The British government has seen off an attempt to add conditions to its Brexit bill as a Conservative rebellion was avoided. MPs rejected a bid by Labour's Chris Leslie to force the government to consult Parliament on the deal struck with the EU before it is finalized. It came after ministers pledged that a “meaningful” vote would be offered.

  • Wednesday, February 8th 2017 - 10:17 UTC

    Falklands' oil exploration: Rockhopper announces investments in Sea Lion

    Rockhopper confirms that a settlement has been reached between the operators and Ocean Rig in relation to the termination of Eirik Raude rig

    Rockhopper Exploration plc has provided its latest operational and corporate update which includes the North Falkland Basin Sea Lion project and has announced that the technical engineering is approaching conclusion and a settlement on the Eirik Raude rig dispute has been reached.

  • Wednesday, February 8th 2017 - 10:01 UTC

    Falklands attends UKOTs Brexit implications forum in London

    UKOTs representatives with Minister of State The Rt. Hon. Baroness Anelay territories and Minister for Exiting the European Union Robin Walker

    British Overseas Territories representatives, including from the Falkland Islands held a two-day meeting in London to address Brexit implications such as development funds, tariff free fish exports and the right to travel freely through the European Union. The meeting was in the framework of Prime Minister Theresa May's administration initiative to involve all parts of the UK in preparing for the crucial negotiations.

  • Monday, February 6th 2017 - 22:08 UTC

    Uruguayan president and business delegation begin tour of Germany, Finland and Russia

    Merkel said the EU/Mercosur trade accord is a “strategic” priority for Germany and Vazquez' visit takes place just days before another round of negotiations

    Uruguayan president Tabare Vazquez, six cabinet ministers and a numerous business delegation begin on Monday a two weeks official tour of Germany, Finland and Russia to increase political and trade links, particularly in the “new international scenario” and hopefully advancing in locking the long delayed accord between the European Union and Mercosur.

  • Saturday, February 4th 2017 - 12:03 UTC

    US economy adds more jobs, but pay remains low and people looking for work has risen

    Obama's term from Jan 2009-17 saw the number of people with jobs increase by 11.25 million. Job gains in January occurred in retailing, construction, and finance

    United States businesses added 227,000 jobs in January, way above economists' forecasts of about 175,000. The figure, from the Bureau of Labor Statistics, compares with December's rise of 157,000, revised up slightly from last month's first estimate. However, average pay barely rose, and the number of people working part-time but looking for full-time work rose.

  • Saturday, February 4th 2017 - 06:47 UTC

    Temer and Macri meet next week to make Mercosur an effective free trade space

    The intention of Temer and Macri is to achieve a free trade zone for all Mercosur goods, and “the sooner barriers are eliminated, it's the best possible scenario”

    Brazil and Argentina will attempt to eliminate trade barriers which limit or impede Mercosur trade, ensuring a free trade space, “the sooner the better”, revealed Brazilian diplomats in anticipation of the presidential summit next week, when Mauricio Macri is received by Michel Temer in Brasilia.

  • Saturday, February 4th 2017 - 06:34 UTC

    Germany praises Mrs. May post-Brexit pledge for a strong Europe

    “I am pleased that Theresa May says that she wants a strong Europe. It's up to us, to determine how strong and how good and how rigorous Europe is”, said Merkel

    German chancellor Angela Merkel has welcomed Theresa May's remarks that Britain wants to see a strong Europe - even as it prepares to quit the EU. The prime minister told EU leaders she wanted to build a “strong partnership” with the EU and pledged the UK would be a “good friend and ally” post-Brexit.