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MercoPress, en Español

Montevideo, April 26th 2025 - 05:26 UTC

Stories for January 2025

  • Wednesday, January 29th 2025 - 20:07 UTC

    Financial scandal in Uruguay: Conexión Ganadera and the model that ended up as a Ponzi scheme

    Founded in 1999, Conexión Ganadera grew after the 2002 crisis, offering livestock investments as an alternative to traditional banking.

    The collapse of Conexión Ganadera, one of Uruguay's leading cattle investment firms, has left hundreds of savers in suspense after it was revealed that its financial model operated as a Ponzi scheme. This was stated by accountant Ricardo Giovio, hired by the company to evaluate its situation.

  • Wednesday, January 29th 2025 - 11:47 UTC

    Lula da Silva returns to full daily activity…and problems

    The new look of the Brazilian president (Pic FILE)

    Brazilian president Lula da Silva received medical discharge and can return to normal every day routine, including travelling and physical activities, as informed by a release from the Syrian-Lebanese Hospital in Brasilia.

  • Wednesday, January 29th 2025 - 10:49 UTC

    UK launches trade envoys to drive UK exports and investments

    Business Secretary Jonathan Reynolds, “trade and investment are key to delivering economic growth and that is why I’ve launched a new team of Trade Envoys”

    A new ‘global growth team’ of UK Trade Envoys has been appointed by the Trade Secretary to drive UK exports and investment as the Government pulls every lever available to drive economic growth under its Plan for Change. 

  • Wednesday, January 29th 2025 - 10:44 UTC

    Falklands KEMH laboratory receives accreditation from UKAS

    John Woollacott, Director of Health and Social Services congratulated the team and everyone involved over many years to receive this accreditation.

    The King Edward VII Memorial Hospital (KEMH) is pleased to announce that its food and water laboratory has received accreditation from the United Kingdom Accreditation Service (UKAS).

  • Wednesday, January 29th 2025 - 10:39 UTC

    IMF mission leaves Buenos Aires but talks will continue

    There is no deadline for the new understanding between Argentina and the IMF, Adorni said

    The International Monetary Fund's (IMF) team rounded up its mission to Buenos Aires Monday saying that negotiations for a new loan will continue. IMF Managing Director Kristalina Georgieva's envoys held meetings with Economy Minister Luis Toto Caputo and other high-ranking officials from the libertarian administration, after which they reckoned that some progress had been made.

  • Wednesday, January 29th 2025 - 09:56 UTC

    Chile's Central Bank keeps benchmark interest rate at 5%

    In July 2023, the Central Bank's Board made the first cut in the TPM, after stagnating it at 11.25% in December 2022

    Chile's Central Bank Council unanimously voted Tuesday in favor of keeping the monetary policy interest rate (TPM) at 5% for the second month in a row amid high volatility in global financial markets after the recent change of government in the United States. Tuesday's decision halted a downward trend that had been going on for months.

  • Wednesday, January 29th 2025 - 09:32 UTC

    New Uruguayan airline launched

    The company should be operational in the last quarter of 2025. SUA will be operating Canadian-built Airbus A220-300 aircraft

    The company to pick up the baton from Pluna as Uruguay's flag airline was launched Tuesday during a press conference at Montevideo's Carrasco International Airport. SUA (Sociedad Uruguaya de Aviación) intends to position the air terminal as a regional logistics hub by reducing flight times and costs to destinations in Mercosur and Chile, it was explained.

  • Wednesday, January 29th 2025 - 09:17 UTC

    Taxing the “super rich” pays off for Brazil's gov't

    “We're just bringing the super-rich into the same tax bracket as the middle class,” said Barreirinhas

    Brazilian Finance Minister Fernando Haddad's policy of taxing the “super rich” yielded unprecedented returns of R$ 20.6 billion (US$ 3.32 billion) to the South American country's coffers in 2024, Federal Revenue Secretary Robinson Barreirinhas confirmed Tuesday. The strategy focuses on exclusive investment funds and offshore assets, it was explained.

  • Wednesday, January 29th 2025 - 08:36 UTC

    Trump's gov't supports Guyana's case regarding Essequibo dispute

    Rubio told Ali that Trump's government would oppose the claims brought forward by Maduro “and his cronies”

    US Secretary of State Marco Rubio and Guyanese President Dr. Irfaan Ali held a telephone conversation earlier this week during which the new Republican administration of President Donald Trump ratified its steadfast support of Guyana’s territorial integrity “in the face of Nicolás Maduro and his cronies’ bellicose actions” regarding sovereignty over the Essequibo region, Spokesperson Tammy Bruce confirmed. They also reviewed the ongoing illegal migration crisis.

  • Tuesday, January 28th 2025 - 22:39 UTC

    Sheinbaum not attending Celac Tegucigalpa Summit

    The Mexican president lowered her challenging tone towards the White House, perhaps after Gustavo Petro's undignified backtracking from his demands to Trump

    Mexican President Claudia Sheinbaum admitted Tuesday that she would not be attending the Community of Latin American and Caribbean States (Celac) “emergency” Jan. 30 summit called for by Honduras' Xiomara Castro to discuss the ongoing mass deportations by the United States' newly-inaugurated Republican administration that has been fiddling with the idea of imposing 25% tariffs on Mexico and Canada.