MercoPress, en Español

Montevideo, January 22nd 2017 - 03:42 UTC

Investments

  • Wednesday, November 23rd 2016 - 17:06 UTC

    Post-election rally pushes Wall Street to new records: Dow Jones above 19.000

    Dow Jones industrial average was up 67.18 points, 0.35%, to 19,023.87; S&P 500 gained 4.76 points, 0.22%, to 2,202.94 and Nasdaq, 0.33%, to 5,386.35.

    United States stocks extended their post-U.S. election rally Tuesday with moderate gains that pushed the Dow above 19,000 for the first time and the three major indexes to record closing levels for a second straight day. The S&P 500 ended above 2,200, led by gains in telecommunications, up 2.1%, and consumer discretionary up 1.2%. The small-cap Russell 2000 index also set another record-high close.

  • Wednesday, November 23rd 2016 - 15:56 UTC

    Anses sells off all its Petrobras Argentina shares worth US$ 156 million

    Argentine Pensions Bureau guarantee fund ANSES makes a move to buyover Pampa Energía

    As a part of the Pampa Energía takeover bid strategy, the Pensions Bureau guarantee fund had to sell its 11.85 % stake. It also holds 18% of Pampa's shares and saw no point in increasing that to 23% when prospects of a merger are on the radar. “If we didn't sell, they would have merged us with Pampa anyway,” a top Anses official said.

  • Wednesday, November 23rd 2016 - 15:35 UTC

    TPP without the US would be “meaningless” says Japanese PM Shinzo Abe

    Abe spoke after attending a weekend meeting of Asia-Pacific leaders in Peru at which some said they might try to modify the 12-nation TPP pact

    The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.

  • Wednesday, November 23rd 2016 - 15:16 UTC

    Argentina's tax amnesty program “rescues” US$ 21.9bn including US$ 7.2bn in cash

    The total amount declared so far in the tax amnesty has already exceeded the US$20 billion that Finance Minister Alfonso Prat-Gay said earlier this year

    Argentines have so far declared US$21.9 billion in previously hidden assets in the country's tax amnesty program meant to help jump-start the economy, Alberto Abad, director of the AFIP tax collection agency, said on Tuesday. That included US$7.2 billion in cash deposits, Abad said.

  • Tuesday, November 22nd 2016 - 14:10 UTC

    Brazil admits Trump policies could cause a flow out of capital from emerging economies

    “The risk posed by this scenario is that capital may be caused flow out of, rather than into, emerging economies,” Ilan Goldfajn said

    Brazil's Central Bank (BC) President Ilan Goldfajn said on Monday that the outcome of the US presidential election, won by magnate Donald Trump, brought an element of uncertainty to markets, but reiterated that the institution has kept a close watch on the development of international markets and worked to prevent the effects of “external shocks” from threatening macroeconomic stability.

  • Tuesday, November 22nd 2016 - 11:11 UTC

    Argentina and Japan, strategic partners, agree on a investment accord to prop economic ties

    “PM Abe highly commended President Macri for taking active steps for driving the country toward economic and political transformation,” the statement said.

    Argentina and Japan agreed on Monday to speed up negotiations for a bilateral investment accord as part of efforts to strengthen economic ties between “strategic partners”. Prime Minister Shinzo Abe and Argentina President Mauricio Macri also agreed to launch talks for a tax pact for increased economic exchanges between the two countries, according to a joint statement issued after their meeting in Buenos Aires.

  • Monday, November 21st 2016 - 11:34 UTC

    Japanese PM arrives in Argentina with pledges to increase investments

    Abe’s one-day visit provides the latest big international encounter for Argentina’s conservative president Mauricio Macri.

    Japanese Prime Minister Shinzo Abe will make an official visit to Argentina this Monday hoping to boost investment in the Latin American nation, officials said. It is the first visit to Argentina by a Japanese prime minister in 57 years—the last was by Abe’s grandfather Nobusuke Kishi in 1959.

  • Monday, November 21st 2016 - 11:22 UTC

    Nobody is going to invest in Argentina while fearing populism could be round the corner

    Gonzalez Fraga back from overseas said that nine out of ten questions from potential investors in Argentina refer to politics.

    Even admitting that the Argentine economy will expand 3% next year, nobody wants to invest in the country because they are not sure that populism won't be back in a couple of years, according to economist and former central bank chair Javier Gonzalez Fraga.

  • 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.