MercoPress, en Español

Montevideo, October 20th 2017 - 04:59 UTC

Latin America

  • Friday, August 4th 2017 - 11:27 UTC

    Latam and Caribbean forecasted to expand 1.1%, but South America, 0.6%

    ”Financial policy must target credit stabilization and a monetary policy that supports investment, beyond instruments such as interest rate,” Alicia Bárcena said

    Latin America and Caribbean countries will grow 1.1% on average in 2017 after two consecutive years of contraction, thanks to an international context that shows improved growth expectations despite geopolitical risks, and better prices for the commodities that the region exports, according to a new annual report that ECLAC presented on Thursday in Santiago, Chile.

  • Friday, August 4th 2017 - 07:26 UTC

    Ecuadorean vice president stripped of his authority over corruption allegations

    Moreno said loyalty implies serving the country in unity, ”which has not been duly (carried out) by the vice president,” according to the decree.

    Ecuadorean President Lenin Moreno stripped his vice president of his authority Thursday over corruption allegations that emerged amid a battle for power within their ruling leftist coalition. In a signed decree, Moreno said he was withdrawing all the tasks that had been assigned to Vice President Jorge Glas since both took office in May, which included overseeing a production council and earthquake reconstruction.

  • Friday, August 4th 2017 - 06:45 UTC

    Transcripts show Trump admonishing Peña Nieto for saying publicly Mexico will not pay for the border wall

    “You cannot say that to the press,” Trump told Peña Nieto, adding it was the “worst” conversation he had that day, according to a Jan 27 transcript<br />

    United States president Donald Trump urged the Mexican president to stop publicly saying he would not pay for a proposed border wall, according to transcripts. Mr. Trump admonished Enrique Peña Nieto for publicly denouncing the wall during a 27 January phone call, transcripts obtained by the Washington Post show.

  • Friday, July 28th 2017 - 06:04 UTC

    World Hepatitis Day: 325 million affected; annual deaths exceed those linked to HIV

    “At best one in ten people who are living with hepatitis know they are infected and can access treatment. This is unacceptable,” said Dr Gottfried Hirnschall

    New World Health Organization, WHO, data from 28 countries - representing approximately 70% of the global hepatitis burden - indicate that efforts to eliminate hepatitis are gaining momentum. Published to coincide with World Hepatitis Day, the data reveal that nearly all 28 countries have established high-level national hepatitis elimination committees and more than half have allocated dedicated funding for hepatitis responses.

  • Friday, July 28th 2017 - 06:00 UTC

    Exxon puts Guyana on the world oil map with another major discovery

    The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels

    Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.

  • Wednesday, July 26th 2017 - 05:02 UTC

    Colombia's FARC will officially become a political party on September first

    “We made peace to participate in politics,” FARC chief negotiator Ivan Marquez said.

    Colombia's FARC rebels will officially transform into a political party on September 1, a major step in reintegrating the former guerillas into civilian life as part of a historic peace deal.

  • Monday, July 24th 2017 - 08:38 UTC

    Morales highlights Bolivian independence from the IMF and World Bank

    Bolivia is now in the process of becoming a member of Mercosur and Morales attended the group’s summit in Argentina last week.

    President Evo Morales has highlighted the total Bolivian independence from the International Monetary Fund (IMF) and the World Bank (WB), which have carried out “devastating economic policies for many years” in this South American nation.

  • Monday, July 24th 2017 - 07:07 UTC

    Mercosur and Colombia agree to a limited list of tariff-free products

     “We will no longer have to pay tariffs so our cars can enter the Colombian market. More industry and more jobs for Argentina,” Minister Francisco Cabrera said

    Mercosur inked a trade deal with Colombia last Friday to allow limited quantities of tariff-free trade in products including automobiles, textiles and agrochemicals, Argentina's and Colombia's governments said.

  • Saturday, July 22nd 2017 - 22:17 UTC

    Growing significance of trade with Latin America for India

    In 2016-17, India exported more to Mexico (3.5 billion dollars) than to neighbors such as Thailand (US$ 3.1bn), Myanmar (1.7bn) and Iran (2.4bn)

    (*)By R. Viswanathan - For those who think that Latin America is too far and cost of freight is too high and therefore the region should be less important for India’s trade, here is the eye opener from the 2016-17 (April-March) statistics of the Commerce Ministry of India.

  • Saturday, July 22nd 2017 - 08:39 UTC

    Venezuelan situation overshadows Mercosur presidential summit

    The family picture of Mercosur presidents and in the second row, representatives from associate and regional countries

    The members of Mercosur trade bloc called for an end to violence in Venezuela in a joint statement on Friday. However again opinions were divided: while Brazil and Argentina sponsored a more explicit warning to President Nicolas Maduro and his regime, Uruguay had it redrafted in a more conciliatory tone and Paraguay finally came out with a compromise option.