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MercoPress, en Español

Montevideo, May 1st 2024 - 20:39 UTC

Investments

  • Monday, June 18th 2018 - 07:10 UTC

    Uruguay and oil hopes: a permanent bidding round scheme, after failure of latest auction

    “The oil and gas industry has its cycles and it has demonstrated that predictions are very difficult,” Energy and Industry minister Carolina Cosse said

    Uruguay will move towards a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview.

  • Saturday, June 16th 2018 - 10:43 UTC

    Beijing tells Trump it is ready to retaliate with tariffs on US$ 50bn US exports, but also wants to dialogue

    Late on Friday, China said it would impose additional 25% tariffs on 659 U.S. goods worth US$50 billion, in response to the U.S. imposition of tariffs. “The wise man builds bridges, the fool builds

    China responded forcefully in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on US$50 billion of Chinese imports, but some commentary left room for further negotiations.

  • Thursday, June 14th 2018 - 06:16 UTC

    Falklands has decided on a preferred operator for a second commercial flight

    MLA Barry Elsby confirmed the Executive Council had decided to appoint a preferred airline operator to establish a second weekly air link

    The Falkland Islands Executive Council agreed on Wednesday to appoint a preferred airline operator to provide the second midweek flight between the Falkland Islands and South America.

  • Thursday, June 14th 2018 - 06:00 UTC

    Argentina's unions announce a one-day general strike to protest spending cuts

    As part of the US$ 50 billion deal with IMF, Argentina said it would target a fiscal deficit equivalent to 1.3% of GDP in 2019, down from 2.2% previously

    Argentina's leading labor federation announced plans to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.

  • Wednesday, June 13th 2018 - 09:35 UTC

    FIH Group has seen pretax profit rise 74%

    The Falkland Islands Company unit saw revenue rise 2.4% to 18.3 million and pretax profit 23% to GBP1.3 million.

    Falklands-focused retail and logistics firm FIH Group PLC hiked its dividend on Tuesday after profit and revenue rose amid a much improved performance from its largest unit. For the year ended March, pretax profit widened 74% to GBP3.3 million from GBP1.9 million the year prior. This was after revenue rose 8.2% to GBP43.8 million from GBP40.5 million the year before.

  • Tuesday, June 12th 2018 - 08:32 UTC

    US opens new US$ 250 million de facto embassy in Taipei

    The new facility for the American Institute in Taiwan (AIT), US’s de facto embassy in Taiwan, has a cost of US$ 250 million, and will open formally later this year.

    While the world watches the summit between president Donald Trump and Kim Jong Un unfold, another significant event will take place elsewhere in Asia. On June 12 in Taipei, Taiwan and the US will jointly mark the establishment of a new facility for the American Institute in Taiwan (AIT), the US’s de facto embassy in the country. Politicians from both nations are attending a ceremony to commemorate the US$ 250 million complex, which will open formally later this year.

  • Tuesday, June 12th 2018 - 06:58 UTC

    Land Rover moves part of its production from UK to Slovakia

    The Solihull factory, where the Discovery is manufactured, will be used to build a new generation of Range Rover models, the firm said.

    Jaguar Land Rover (JLR) has said it will move production of its Land Rover Discovery SUV from the West Midlands to Slovakia from next year. The Solihull factory, where the Discovery is manufactured, will be used to build a new generation of Range Rover models, the firm said.

  • Wednesday, June 6th 2018 - 14:09 UTC

    Falkland Islands Reception in London

    Former Falklands Governor and FIA Chairman Mr. Alan Huckle proposes the loyal toast.

    Marking another successful year, the Annual Falkland Islands Government Reception took place on Tuesday 5th June at Middle Temple, London. Islanders in Britain, their friends and supporters, politicians, and veterans of the 1982 war of liberation met in high spirits.

  • Tuesday, June 5th 2018 - 07:50 UTC

    Walmart leaving Brazil after 22 years: 80% takeover by Advent

    Walmart's Brazilian operation started up 22 years ago and employs 55,000 people in 438 stores.

    Walmart gave no price for the transaction, in which Advent takes an 80% stake in Walmart Brazil and leaves Walmart with 20%. But the Arkansas-based mega retailer said it would take a US$ 4.5 billion charge on the deal in the second quarter, much of that related to cumulative foreign exchange losses.

  • Monday, June 4th 2018 - 08:35 UTC

    Heathrow with less connections to Latin America than major European hubs

    There are 25 countries and 41 airports across Central and South America, plus the Caribbean, with links to major European hubs, but none to London Heathrow

    London Heathrow is connected to fewer Latin American country markets and individual destinations than all of the other major European hubs. That’s the conclusion from the analysis of which airports are missing from Heathrow’s route network in the lead-up to the anna.aero-RABA Heathrow HubLAB Conference in London on 12 June.