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MercoPress, en Español

Montevideo, April 26th 2024 - 13:55 UTC

Investments

  • Saturday, November 19th 2016 - 20:27 UTC

    Robots and “reshoring” threaten millions of jobs in developing countries

    “The increased use of robots in developed countries risks eroding the traditional labor-cost advantage of developing countries,” the UNCTAD policy brief says.

    The increased use of robots threatens millions of jobs in developing countries, by undermining the advantage of low wages and facilitating the “reshoring” of industries back to industrialized countries, according to a new policy brief from UNCTAD.

  • Friday, November 18th 2016 - 11:47 UTC

    Uruguay with IDB support plans to invest US$600 million in rural roads network

    A US$300 million credit line for investment projects will boost agricultural production by improving the rural roads network

    Uruguay plans to improve the rural roads network of the 18 department governments with support from two credit lines for an investment project totalling US$600 million with two initial loans completing US$150 million from the Inter-American Development Bank (IDB). The funds will support the implementation of rural roads construction in agriculture production areas, and will also be geared to improve and strengthen fiscal management and services at the departmental government level.

  • Friday, November 18th 2016 - 10:28 UTC

    Buenos Aires' to have its own Trump Tower luxurious offices by 2020

    Buenos Aires Trump Tower project picks up momentum

    With a budget of 100 million dollars, construction of the 35-story building may start in June next year and be finished by 2020, it was announced by the same developers in charge of the residential project in Punta del Este under the name of next President of the United States.

  • Friday, November 18th 2016 - 09:36 UTC

    Argentina and Canada allies in supporting free trade and combating protectionism

    Macri and Trudeau said “the challenge we’re facing now is to demonstrate that we can create trade deals that give benefits to small and medium-sized enterprises”

    Argentine president Mauricio Macri and Canadian Prime Minister Justin Trudeau took direct aim on Thursday at the walls of protectionism set to be erected around the United States, saying that freer trade is the best way to pull their countries out of economic uncertainty. The two leaders said there is real anxiety that progress and global trade have resulted in people being left behind or children being robbed of the same opportunities afforded their parents and grandparents.

  • Friday, November 18th 2016 - 08:27 UTC

    Trump-nomics: Speculation iPhones could soon be manufactured in the US

    “Apple asked both Foxconn and Pegatron, the two iPhone assemblers, in June to look into making iPhones in the U.S.,” a source told Nikkei.

    iPhones might soon be made in the U.S., a result of Donald Trump’s win on Election Day, according to Nikkei Asian Review report. Hon Hai Precision Industry, also known as Foxconn Technology Group, a main Apple assembler, has allegedly been looking into the possibility of making iPhones in the United States, sources revealed to Nikkei.

  • Wednesday, November 16th 2016 - 09:51 UTC

    Canadian PM will pay official visits to Cuba, Argentina and attend APEC summit in Peru

    PM Trudeau is looking forward to working with presidents Castro and Macri to stimulate more trade and investment with Canada (Pic AFP)

    Canadian Prime Minister, Justin Trudeau will pay official visits to Cuba and Argentina from November 15 to 18, and will travel to Peru from November 19 to 20 to participate in the 2016 Asia Pacific Economic Cooperation (APEC) Leaders’ meeting.

  • Wednesday, November 16th 2016 - 09:19 UTC

    Argentina's main network Telefe with 26,8m subscribers sold to Viacom for US$345m

    Viacom said the brands and assets acquired with the purchase included Telefe Internacional, a pay TV channel seen throughout the Americas.

    Viacom Inc, the owner of Comedy Central, Nickelodeon and MTV, said on Tuesday it had bought Argentine broadcaster Television Federal SA (Telefe) from telecom carrier Telefonica SAfor US$345 million in cash. The deal to buy the Spanish-language network and content producer is part of Viacom's plan to boost its presence in Argentina and Latin America.

  • Tuesday, November 15th 2016 - 11:07 UTC

    Shell planning to invest US$ 10bn in Brazil's deep water production

    Shell held a series of investor presentations in Brazil, and Chief Executive Ben van Beurden was received by president Temer in Brasília

    Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.

  • Tuesday, November 15th 2016 - 09:02 UTC

    Trump promises Argentina, a great country, “the closest relation in history”

    “Argentina is a great country and we will have the closest relation between our countries in history”, Trump was quoted, according to the Casa Rosada release.

    “Argentina is a great country” and Argentina and the US will have “the closest relation in history”, according to the official version from the administration of president Mauricio Macri who on Monday was on the phone with president elect Donald Trump to congratulate him on his presidential victory.

  • Saturday, November 12th 2016 - 21:01 UTC

    McDonald's burgers are not welcome in Florence's Piazza del Duomo

    The fast-food giant had its plans for an outlet on the Piazza del Duomo rejected by Florence's mayor in June and the decision was upheld in July by a technical panel

    McDonald's is suing the city of Florence for €18m after it was blocked from opening a restaurant on one of the Italian city's most historic plazas. The fast-food giant had its plans for an outlet on the Piazza del Duomo rejected by Florence's mayor in June and the decision was upheld in July by a technical panel in charge of preserving the city's ancient heart.