MercoPress, en Español

Montevideo, January 21st 2018 - 02:45 UTC

Economy

  • Friday, January 5th 2018 - 10:39 UTC

    Chinese locomotives to revive Argentina's cargo train network

    Manufactured by China's CRRC Qishuyan, locomotives are a comprehensive plan to reactivate the rail system by modernizing its aging infrastructure

    A new shipment of Chinese-made locomotives arrived in the Port of Buenos Aires on Wednesday to revive Argentina's key Belgrano Cargas cargo train network. The eight locomotives will form part of a strategic rail line that traverses northern Argentina's agricultural heartland and connects producers with the eastern exporting hub of Rosario, a port located 300 km north of the capital.

  • Friday, January 5th 2018 - 10:20 UTC

    Argentina sells US$ 9bn in bonds, “at the lowest yields in the country's history”

    Bonds were 2.4 times oversubscribed, as Argentina received orders for US$21.4bn,  the ministry said. Issuance would cover half of infrastructure investments this year.

    Argentina sold US$ 9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America’s third largest economy sold US$1.75 billion in five-year bonds at a yield of 4.625%, US$ 4.25 billion of 10-year bonds at 6% and US$3 billion in 30-year bonds at 7%, the ministry said. It said the yields were the lowest in Argentina’s history.

  • Friday, January 5th 2018 - 10:00 UTC

    Controversy in Brazil for self imposed ban on sea food exports to Europe

    Peixe BR regrets “the lack of attention” to national aquaculture by government and demands measures to impede imperiling the conquest of new business partners.

    The Brazilian aquaculture association Peixe BR criticized the temporary suspension of fish and shellfish exports to the European Union (EU) self-imposed by the Brazilian government. The entity which represents more than half of the Brazilian production of farmed fish argued that “without doubt, this is bad news, but it can't be said that it is unexpected or that it has been a surprise for the Brazilian authorities”.

  • Friday, January 5th 2018 - 09:44 UTC

    Galicia medium sized fish processing plants benefit with 8.3m Euros

    Contributions are intended to support investments made by SMEs that will significantly help to save energy or reduce the impact on the environment.

    A total of 50 small and medium-sized companies in Galicia were beneficiaries of the 2017 call for investments aid that result in improvements in the processing of fishery, shellfish and aquaculture products. This was announced by the Minister of Marine Affairs, Rosa Quintana, at the Pobra do Caramiñal, during a visit to the refrigeration logistics company Alimentos Cruz del Sur (Alicrusa), one of the beneficiaries.

  • Friday, January 5th 2018 - 09:39 UTC

    Scottish seafood processing industry threatened by Brexit: most workers from EEA

    Rural Economy Secretary, Fergus Ewing, said that the study shows the Scottish seafood processing sector dependency on EEA workers

    A study into employment patterns of non-UK workers showed that 58% of Scottish seafood processing business employees come from other countries of the European Economic Area (EEA).

  • Thursday, January 4th 2018 - 09:18 UTC

    Petrobras agrees to pay US$ 2.95bn to settle class action suit in New York

    The oil company, which admits no guilt under the settlement, proposes making the payment in two US$983 million installments, and a third of US$984 million.

    Petrobras has agreed to pay US$2.95 billion to settle a class action suit in New York brought on behalf of investors harmed by a huge corruption scandal at the Brazilian state oil giant, the company said on Wednesday.

  • Thursday, January 4th 2018 - 08:05 UTC

    UK farmers growing concern about a post Brexit scenario

    Concerns have been raised that a deal with the US could include chlorine-washed chicken and hormone-fed beef.

    Post-Brexit trade deals could pose the biggest peacetime threat to the UK's food security if welfare standards and farmers are not protected, MPs say. Imports of food produced with lower welfare standards should not be allowed, the All-Party Parliamentary Group on Agro-ecology warns.

  • Thursday, January 4th 2018 - 05:38 UTC

    China announces it will begin “a greater push” to conquer trade in the hemisphere

    “China will adopt the participation and active promotion of economic globalization, and the perseverance in openness,” Yang wrote in a guest column in Clarín

    In a Spanish-language opinion piece in one of the nation’s largest newspapers, Chinese Ambassador to Argentina Yang Wanming urged Latin American nations to increase trade ties to China, promoting Beijing’s “One Belt One Road” project and warning Beijing will begin a “greater push” to conquer trade in the hemisphere.

  • Wednesday, January 3rd 2018 - 10:33 UTC

    Private operators take over Brazil's Fortaleza and Porto Alegre airports

    Fraport AG won the FOR and POA concessions in March 2017 during a public auction of four airports under Brazil’s third round of airport privatizations.

    Fraport Brasil (a wholly-owned subsidiary of Fraport AG) started operations at Fortaleza’s Pinto Martins International Airport (FOR) and Porto Alegre’s Salgado Filho International Airport (POA).

  • Wednesday, January 3rd 2018 - 10:29 UTC

    EU and Chile discussions to renew association agreement

    Chile produces 5 million tons of fruit, 2.6 million of which are exported. It is also a leading fruit exporter and world's leading exporter of table grapes and blueberries

    The European Union and Chile have started negotiations in Brussels for the renewal of the Association Agreement. The first round was held in November and the Commission subsequently launched a consultation aimed at the sectors affected in order to find out their opinions on the issue. This process is planned to conclude on 19 February.