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MercoPress, en Español

Montevideo, December 25th 2025 - 03:58 UTC

Economy

  • Monday, August 10th 2009 - 11:55 UTC

    Brazilian inflation falls in July for the third month running

    According to the Central bank Brazil is going through a “non-inflationary economic recovery”

    Brazil inflation slowed for the third month running in July with annual inflation slowing to 4.5%, the lowest since December 2007. Consumer prices as measured by the IPCA index rose 0.24% in July from 0.36% in June, according to a release from the national statistics agency.

  • Monday, August 10th 2009 - 11:41 UTC

    Chile leads in wine exports but Argentina catching up in quality and growth rate

    Argentina’s wine exports increased 14.4% and Chile’s dropped 4.4% in first half of 2009

    The average price of an exported bottle of wine from Argentina has exceeded a Chilean bottle for the first time, according to recently released Wines of Chile figures. The report also revealed that Chile's wine exports fell 4.4% between January and June 2009, compared to the same time last year.

  • Monday, August 10th 2009 - 11:25 UTC

    Lloyds Banking Group considering how to limit government stake

    The bank already 43% government owned could see that share increase to 60%

    The UK part-nationalised Lloyds Banking Group may raise billions of pounds from shareholders to reduce its reliance on the taxpayer, it has been reported. The bank - which is 43% state-owned - is considering the move to avoid the £16 billion cost of placing billions in toxic debts into a taxpayer-backed insurance scheme, the Sunday Times reports.

  • Monday, August 10th 2009 - 11:02 UTC

    Bidders have no plans to close plants or drop the Vauxhall brand

    General Motors bankruptcy has sent shockwaves to Germany’s Opel and UK Vauxhall

    One of the last two bidders in the running to buy Britain’s Vauxhall car maker has said it has no plans to close its two UK plants or drop the brand. Belgian investment group RHJ International is vying with Canadian firm Magna International to buy the European arm of ailing General Motors, which owns Germany's Opel as well as Vauxhall.

  • Saturday, August 8th 2009 - 13:40 UTC

    US job losses soften and fall to 9.4%, first drop since April 2008

    A cautious Obama said “the worst of the recession may be behind us”

    The United States economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show. With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008.

  • Friday, August 7th 2009 - 11:41 UTC

    Jobs outlook in China remains “very grave” warn officials

    Millions of migrant workers returning from the farms have failed to secure work in the cities and protests have erupted in some areas.

    China's job outlook remains “very grave” and could deteriorate further, a senior official has said. The government is under “enormous pressure” to create jobs, said Wang Yadong at the Ministry of Human Resources and Social Security

  • Friday, August 7th 2009 - 11:34 UTC

    German icon of auto industry sees few signs of lasting recovery

    BMW vehicles sold during the second quarter dropped 18% and revenue was down 10.9%.

    Germanys’ carmaker BMW has said it sees few signs of a lasting economic recovery after it reported profits down by three-quarters for the April to June period. Net profit was 121 million Euros, down 76% from a year ago, with car sales down by nearly a fifth.

  • Friday, August 7th 2009 - 11:32 UTC

    Chilean “tsunami” at wine contest in Santiago

    Only one gold medal was awarded to a non-Chilean wine; a Bolivian wine won for “Best Distilled.”

    Chilean winemakers nearly swept an international wine contest in July, winning all but a few accolades at the event. The contest, Vinalies Cata d’or América Latina 2009, was held at the Hyatt Hotel in Santiago The competition, put on by Italy, Spain and Portugal, as well as Brazil, Uruguay and Bolivia.

  • Friday, August 7th 2009 - 07:02 UTC

    ECB says recession is “bottoming out” and predicts positive growth in 2010

    Trichet warned about volatility stemming from renewed increases in oil and commodities, protectionism and disorderly correction of global imbalances.

    The European Central Bank (ECB) has said on Thursday it expects to see growth returning to the global economy next year as it kept interest rates on hold at 1%. However economic activity is likely to remain weak this year.

  • Friday, August 7th 2009 - 03:38 UTC

    Bank of England pumps an additional £ 50 billion to the economy

    Quantitative easing expansion since the UK recession “appears to have been deeper than previously thought” and “lending to business has fallen”.

    The Bank of England’s Monetary Policy Committee decided on Thursday to maintain the official bank rate paid on commercial bank reserves at 0.5% and voted to boost the money supply with an additional £ 50 billion to £ 175 billion to aid the flagging UK economy. The announced program is expected to take another three months to be completed.