MercoPress, en Español

Montevideo, August 16th 2017 - 17:27 UTC

Investments

  • Wednesday, May 17th 2017 - 15:53 UTC

    Petrobras performance improving: largest quarterly earnings in two years

    Petrobras has benefited in recent quarters from a hands-off approach by the government regarding fuel prices, which it has been forced to subsidize at times.

    Brazilian state-controlled oil company Petrobras reported its largest quarterly earnings in two years as crude prices rose and the government allowed it to sell fuel at a profit in the domestic market. Petrobras posted a 4.5 billion reais net profit (US$ 1.4bn) in the January to March period, reversing a 1.25 billion reais loss (US$ 400 million) in the first three months of 2016.

  • Tuesday, May 16th 2017 - 07:32 UTC

    JP Morgan buys new office building in Dublin which can accommodate 1.000 staff

    “Given the momentum of our local businesses, this new building gives us room to grow and some flexibility within the EU” said Carin Bryans from JP Morgan

    JP Morgan, the US investment bank, has bought a new office building in Dublin that can accommodate up to 1,000 staff. The bank said the purchase reflected its thriving existing business in Dublin, where it employs 500 staff, however the new office may provide space for hundreds of JP Morgan workers that it plans to relocate from London following the Brexit decision.

  • Monday, May 15th 2017 - 11:11 UTC

    Macri begins official visit to China and attends development forum with 27 world leaders

    Argentina's presidential couple next to Xi Jinping and wife at the Great Palace of the People

    Argentine president Mauricio Macri, First Lady Juliana Awada, and members of the official delegation were received on Sunday by Chinese president Xi Jinping and his wife at the Great Palace of the People, where they were hosted together with 27 world leaders in the framework of the One Belt, One Road, OBOR, Beijing's ambitious international cooperation forum.

  • Thursday, May 11th 2017 - 12:51 UTC

    Argentine president Macri off to China and Japan in search of investments

    Macri will be received in Beijing by president Xi Jinping, when the two countries will be signing several accords totaling more than US$ 30bn

    Argentine president Mauricio Macri and a delegation of ministers and governors, are off for an Asian tour in search of investments that includes the Arab Emirates, China and Japan. The undertaking is looking for billions of dollars to help develop Argentina's infrastructure.

  • Wednesday, May 10th 2017 - 05:39 UTC

    Galicia will receive Euro 100 million to promote the seafood canning industry

    Nunez Feijoo said that the sector will receive an endorsement of EUR 100 million, with funds provided by the European Union, Madrid and the Galician government

    The president of the Government of the Spanish region of Galicia, Alberto Núñez Feijoo, announced a strategic plan for the canning industry that will consolidate the sector in the gourmet markets and maintain Galicia as world leader in the field.

  • Tuesday, May 9th 2017 - 07:57 UTC

    Macri receives Italian president to boost “unique” links and EU/Mercosur talks

    “The visit of president Mattarella is evidence of the affection of Italy towards Argentina but also of trust in the process that was started in 2015”, Macri said

    President Mauricio Macri met on Monday midday with his Italian counterpart, Sergio Mattarella, who is in Buenos Aires on the first official visit by an Italian president to Argentina in 16 years. The two leaders underlined the unique links between Italy and Argentina and announced the re-launching of diplomatic and trade relations.

  • Monday, May 8th 2017 - 05:45 UTC

    Strong reaction from the Euro; sigh of relief from investors

    Macron has proposed a range of policies combining budget cuts and more labor market flexibility, with public investment and an extension of the welfare state.

    The Euro has risen after pro-EU Emmanuel Macron won France's presidential vote by a large margin. The single currency strengthened 0.2% against the dollar as investors were reassured over the future stability of the European project. Macron has proposed cutting corporation tax and changes to the labour market.

  • Saturday, May 6th 2017 - 12:17 UTC

    Argentina and China will sign contract to construct two nuclear powered plants

    Atucha I, the first nuclear powered plant in Latin America

    Argentina and China will sign next 17 May in Beijing a contract for the construction of two new nuclear powered plants, with an investment of US$ 12.5 billion, according to Argentina's Nuclear energy deputy secretary, Julian Gadano.

  • Thursday, May 4th 2017 - 13:01 UTC

    EU and US agree to Maersk Line acquiring Germany's Hamburg Sud, expert in South America

    Maersk estimates that combined the two companies will be able to realize annual operational savings of US$ 350/400 million during the first two years

    Container shipping company Maersk Line will pay EUR 3.7 billion for its acquisition of smaller German rival Hamburg Sud, including all subsidiaries and associated shipping companies. The boards of Maersk Line and the Oetker Group, owner of Hamburg Sud, approved the proposed deal, which has been given the green light by the European Commission and the US Department of Justice.

  • Thursday, May 4th 2017 - 06:29 UTC

    Uruguay advances with investors in a project to build a third pulp mill

    “Some remaining items still need to be solved as we start the work on the contract language which will specify the mutual responsibilities”, pointed out Sarantola.

    “Good progress has been made in the discussions between the Government of Uruguay and UPM concerning the infrastructure development and other local prerequisites for long-term industrial growth in Uruguay. We are now in agreement regarding the majority of the key items on the negotiation agenda,” says Jaakko Sarantola, Senior Vice President, UPM, Uruguay Platform.