MercoPress, en Español

Montevideo, December 3rd 2016 - 04:35 UTC

United States

  • Friday, November 4th 2016 - 07:14 UTC

    Trump not such an unlikely winner has Mexico drafting alternate plans

    Central Bank governor Agustín Carstens prepares for an “adverse” result in the US election.

    Central Bank governor and finance ministry are in the process of adjusting their economic policy should the Republican candidate be elected. Mexican Central Bank governor Agustín Carstens, notorious for having stated that a victory for Donald Trump would hit his country like a hurricane, admitted Thursday he is readying a contingency plan for an “adverse” election result in the United States' presidential elections.

  • Thursday, November 3rd 2016 - 10:20 UTC

    Big Danger at the Lower Bound

    Fed chair Janet Yellen tried to reassure markets but most economists are skeptical that the Fed’s unconventional policy tools are nearly so effective.

    By Kenneth Rogoff

    Markets nowadays are fixated on how high the US Federal Reserve will raise interest rates in the next 12 months. This is dangerously shortsighted: the real concern ought to be how far it could cut rates in the next deep recession. Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits.

  • Wednesday, November 2nd 2016 - 19:27 UTC

    As expected Fed leaves rates unchanged, but the real game begins in December

    Fed chairwoman Janet Yellen has been repeatedly criticized by Republican candidate Donald Trump

    The Federal Reserve, on Wednesday following a two-day meeting, and with two members dissenting, left interest rates unchanged but anticipated the FOMC “judges that the case for an increase in the federal funds rate has continued to strengthen, but decided, for the time being, to wait for some further evidence of continued progress toward its objectives”.

  • Wednesday, November 2nd 2016 - 11:30 UTC

    Trump overtakes Clinton for first time since May in ABC poll

    Republican candidate Donald Trump slightly ahead in ABC poll

    The Republican candidate now has a one-point lead in election that is too close to call, according to major survey.Donald Trump has overtaken Hillary Clinton to take a single percentage point lead in a poll by ABC, the first time he has done so since May. Though the result remains within ABC’s margin of error, the broadcaster said the leaders changing places was a noteworthy moment with just a week to go until election day.

  • Tuesday, November 1st 2016 - 09:48 UTC

    Norovirus outbreak in Massachusetts shellfish growing areas

    Sale of seed shellfish from Wellfleet Harbor for purposes of aquaculture or propagation is prohibited except for within Wellfleet Harbor.

    The norovirus which has caused havoc to the cruise industry had emerged in Massachusetts waters forcing the closure of shell fishing within Wellfleet Harbor. The ban imposed by the Massachusetts Division of Marine Fisheries (DMF) has been set since October 28, but does not include bay and sea scallop adductor muscles and carnivorous snails, including conchs and whelks.

  • Sunday, October 30th 2016 - 22:44 UTC

    US economy expands at its fastest pace in two years in the third quarter

    Consumer spending, which makes up more than two-thirds of US economic activity, grew less rapidly than in the previous quarter.

    The US economy grew at the fastest pace in two years in the third quarter, initial figures have indicated. The world's largest economy grew at an annual rate of 2.9% in the three months to September, the Commerce Department said. Analysts had predicted growth of just 2.5%.

  • Thursday, October 27th 2016 - 04:13 UTC

    Chinese company moves to become a “global tourism business” as its citizens flock to travel overseas

    This latest move by HNA is part of the group's efforts to become a “global tourism business,” said the company's chief executive Adam Tan.

    Chinese Conglomerate HNA said it paid US$6.5bn for the stake previously owned by Hilton's biggest shareholder Blackstone. Chinese companies have increasingly been investing in tourism-related businesses overseas as more Chinese citizens travel abroad.

  • Thursday, October 27th 2016 - 01:42 UTC

    Epic cheese glut in US; farmers dumping milk into lagoons

    This cheese surplus has been disastrous for dairy producers and farmers, whose incomes have dropped 35% over the past two years as prices have collapsed.

    The United States is currently in the midst of an epic cheese glut — with 1.2 billion pounds of cheese sitting in cold storage. This in practical terms means every man, woman, and child would have to grab an extra three pounds chair. That’s over and above the 36 pounds of cheese per year the average American already eats.

  • Monday, October 24th 2016 - 11:20 UTC

    Airbnb sues New York State for imposing costly fines on online rentals

    New York is the largest rental market in the US. Its legislators voted 110-24 in June to approve a law that Governor Cuomo signed Friday

    After New York Gov. Andrew Cuomo signed legislation on Friday imposing costly fines onto people who advertise illegal rentals online, the housing site Airbnb sued, contending that the law violates freedom of speech and is unconstitutional.

  • Monday, October 24th 2016 - 11:08 UTC

    US lawmakers, and Trump, question US$ 85.4bn ATT purchase of Time Warner

    Kaine said lawmakers and regulators would have to review the deal and “get to the bottom” of questions over whether the merger would decrease competition.

    The telecom-media giant that would be formed if United States federal regulators approve AT&T Inc’s US$85.4 billion purchase of Time Warner Inc raises antitrust issues, Democratic vice presidential candidate Tim Kaine and several U.S. lawmakers said on Sunday.