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MercoPress, en Español

Montevideo, December 24th 2024 - 16:29 UTC

Stories for 2016

  • Friday, November 4th 2016 - 09:40 UTC

    Tony Mason named as Chief Executive Officer for LATA (The Latin America Travel Association)

    Tony Mason

    Tony Mason, Former Chief Executive Officer of the Falkland Islands Tourist Board has been appointed to the role of Chief Executive Officer for the Latin America Travel Association.

  • Friday, November 4th 2016 - 07:23 UTC

    Bank loans in Argentina expected to double over the next three years

    Bsnco Santander's Cristofani optimistic about Argentina's next three years

    Banco Santander Rio CEO Enrique Cristofani also believes the economy will grow next year by 4% in a context that offers great opportunities to the country.

  • 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.
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  • Friday, November 4th 2016 - 07:08 UTC

    Maduro “The opposition should understand that the revolution will continue”

    It is unclear what Nicolas Maduro is willing to negotiate after seeing himself as the only president who can guarantee political stability.

    The Venezuelan president said the Democratic Unity Roundtable is looking for “excuses” to leave the political dialogue that is ongoing since Sunday under the auspices of international mediators and the Vatican.

  • Friday, November 4th 2016 - 02:58 UTC

    New low-cost airline lands in Peru

    Viva Air Peru

    CEO says air travel is too expensive in Argentina, Venezuela, Costa Rica and all around Central America. Air France-KLM unveil plans for new long-haul company to bring down costs without becoming a low cost brand.

  • Thursday, November 3rd 2016 - 19:33 UTC

    Latin America's new political paradigm

    The party was cut short in the early 1980s, when then-Fed Chairman Paul Volcker took away the punch bowl, by engineering a sudden interest-rate hike

    By Ernesto Talvi - Center-left and populist governments' hegemony in Latin America for most of the last decade now seems to be coming to an end, with center-right parties rising to power in Argentina, Brazil, Guatemala, Paraguay, and Peru.

  • Thursday, November 3rd 2016 - 17:52 UTC

    Remembrance Day in Uruguay on Friday 11 November

    Remembrance Day is observed on 11 November to recall the end of hostilities of World War I on that date in 1918, “at the 11th hour of the 11th day of the 11th month”

    Friday November 11 is Remembrance Day (Poppy Day) and the event will be recalled in Uruguay with a brief service at the British Cemetery, November 11th, at 11:00 am, and a Remembrance Sunday Service will take place on Sunday 13 November at 10:30 am, at the Cathedral of the Holy Trinity (Templo Inglés).

  • Thursday, November 3rd 2016 - 17:27 UTC

    England and Scotland players defy FIFA and will wear poppies on black armbands

    “The FA intend to pay appropriate tribute to those who have made the ultimate sacrifice by having the England team wear black armbands bearing poppies in our fixture on Armistice Day.”

    England and Scotland's footballers will defy the sport's global governing body and wear black armbands bearing poppies in their 11 November match. The FA and SFA have rejected FIFA's ban on poppies being displayed on the pitch for the World Cup Armistice Day qualifier. The ruling by football's world governing body was earlier described by the Prime Minister as “utterly outrageous”.

  • Thursday, November 3rd 2016 - 17:19 UTC

    Blow for PM May: High Court rules Parliament must approve Brexit process

    Calling the case “a pure question of law”, Lord Thomas said: “The court is not concerned with and does not express any view about the merits of leaving the European Union: that is a political issue.”

    British government’s plan for leaving the European Union was thrown into uncertainty on Thursday after the High Court ruled that Parliament must give its approval before the process can begin. The court’s decision seemed likely to slow — but not halt — the British withdrawal from the bloc, a step approved by nearly 52% of voters in a June referendum.

  • 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.