Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 28th 2025 - 22:37 UTC

Economy

  • Friday, June 28th 2013 - 07:37 UTC

    Aditya Birla Group has the largest business turnover among Indian companies in Latin

    Aditya Birla Group is a late entrant to Latin America and came very much later than the Tatas and Reliance, the other big iconic Indian business groups. However Birla has made up for lost time by emerging as the Indian company with the largest annual business turnover in Latin America, which was around 1.8 billion dollars last year. Birla is also the largest investor from the Indian private sector in Latin America.

  • Thursday, June 27th 2013 - 05:14 UTC

    London cabs with publicity inviting to visit and enjoy Uruguay

    The three month campaign is shared with Air Europa that recently established direct links Montevideo-Madrid

    Sights of the Atlantic beaches from the hills surrounding the Uruguayan coast can be admired while travelling to Piccadilly Circus or to Westminster Palace in any one of the 75 London cabs with publicity contracted by Uruguay’s Ministry of Tourism began on the 17th June.

  • Thursday, June 27th 2013 - 04:56 UTC

    France confirms recession and budget deficit above EU 3% ceiling

    Hard times ahead for Hollande at home and with partner Germany

    The weak state of the French economy and uncertain outlook for budget targets was in focus on Wednesday after official data confirmed that the country is in recession. Weak growth and public finances in France are of acute concern to the European Commission and to Germany which is the main powerhouse in the Euro zone.
    The figures are also watched closely on nervous financial markets.

  • Tuesday, June 25th 2013 - 19:49 UTC

    Chinese stocks tumble as Beijing announces an end to the era of cheap credit

    Shanghai Composite index had fallen more than 20% since the high reached in February

    Chinese stocks touched a four-and-a-half-year low on Tuesday amid persistent concerns over the government's credit-tightening policy. The Shanghai Composite SSE index fell as much as 5.8% at one point, before a late rally meant it ended down 0.3%.

  • Tuesday, June 25th 2013 - 18:39 UTC

    Repsol to consider YPF compensation offer, including stake in shale deposits

    The deal is being pushed by Pemex and Caxiabank, shared holders of Repsol

    Spanish oil corporation Repsol's board is scheduled to consider on Wednesday a non-cash compensation offer from Argentina over the seizure of its majority stake in energy firm YPF, according to the Spanish government news agency EFE.

  • Tuesday, June 25th 2013 - 18:34 UTC

    Paraguay poised to become fastest growing economy this year, 13%

    Agriculture, livestock and construction the three main boosters

    Paraguay's economy expanded 14.8% in the first quarter compared with the same period last year, driven mainly by farming, cattle-ranching and construction activity, the central bank said. GDP surged 8.8% in the first quarter versus the fourth quarter of 2012.

  • Tuesday, June 25th 2013 - 17:04 UTC

    Colombia renews IMF two-year 5.8bn dollars flexible credit line

    President Santos: IMF contingency to manage potential shocks and sustain strong economic growth

    The IMF said on Monday it had approved a new two-year 5.84 billion dollars flexible credit line for Colombia, following a request by the government of President Juan Manuel Santos. The new flexible credit line will replace a previous 6bn two-year program, which recently expired.

  • Tuesday, June 25th 2013 - 06:05 UTC

    Brazilian protests delegates unsatisfied with President Rousseff’ proposals

    Mayara Vivian, one of the identified leaders of the Free Fare movement

    The leaders of the “Free Fares” movement that triggered the worst wave of street protests in two decades rocking the Brazilian government to its foundations said their meeting with President Dilma Rousseff was ‘unsatisfactory’ because there were “no concrete proposals”.

  • Tuesday, June 25th 2013 - 06:01 UTC

    Rousseff proposes referendum on sweeping political reforms in response to protests

    The Brazilian president met with governors and mayors to lay out her plans

    Brazilian President Dilma Rousseff proposed on Monday a popular referendum to implement sweeping political reforms in response to the country's largest public protests in 20 years. Rousseff called for a public vote to eventually amend Brazil's constitution as she tries to seize the momentum in a national debate set off by two weeks of increasingly disruptive demonstrations.

  • Tuesday, June 25th 2013 - 05:57 UTC

    Argentine central bank has lost 17% of reserves since the ‘dollar clamp’

    Between October 2011 and June 2013, the central bank loss was 9.2bn dollars says R&E

    Argentine central bank international reserves dropped 17% since the government of President Cristina Fernandez imposed the ‘dollar clamp`, first limiting operations in the US currency and later savings in greenbacks. While this happened in Argentina in other regional central banks, international reserves kept climbing, according to a report from consultants Economia&Regiones (E&R).