Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 25th 2025 - 07:12 UTC

Economy

  • Friday, July 10th 2009 - 12:51 UTC

    G8 and G5 consensus to close the Doha Round trade talks next year

    A compromise must be reached before the G20 summit next September in Pittsburgh

    A consensus has emerged Thursday at the expanded Group of Eight summit in Italy on the need to close the Doha Round on world trade talks by the end of next year. The World Trade Organization (WTO) talks began in 2001 and were aimed at lowering trade barriers for agriculture and the services sector and to boost trade and development for poor countries.

  • Friday, July 10th 2009 - 12:28 UTC

    Sixty Chilean companies in Top 500 of Latinamerica

    LAN sales expanded an impressive 30% between 2007 and 2008

    Financial magazine América-Economía this week ranked 60 Chilean companies among the top 500 businesses in Latin America on the basis of sales – five more than in 2007. Chile follows Brazil (212) and Mexico (126) in the ranking, surpassing bigger economies like Argentina (35) and Venezuela (7).

  • Friday, July 10th 2009 - 12:19 UTC

    Bank of England adopts “wait and see” stand on money injection

    Data from the UK economy remains contradictory

    Bank of England Monetary Policy Committee adopted a “wait and see” stand as they held off from delivering more aid to the recession-blighted UK economy. The Bank had been expected to expand its quantitative easing (QE) programme - effectively printing money - by £25 billion to £150 billion, but took no further action after its two-day meeting.

  • Friday, July 10th 2009 - 12:10 UTC

    Billionaire Buffet suggests US may need second stimulus package

    Unemployment in the US could reach 11% in coming months warns Buffet

    United States widely respected investor and financial wizard Warren Buffet said on Thursday unemployment in the US could reach 11% and a second stimulus package could be needed to pull the world’s largest economy out of recession.

  • Thursday, July 9th 2009 - 12:56 UTC

    G8 concerned with “exit strategies” from stimulus packages

    Hundreds of Billions of US dollars pumped into the richest economies could backfire into runaway debt and inflation

    The leaders of G8 believe the world economy still faces “significant risks” and may need further help, but macro-economic stimulus “must be consistent with price stability and medium-term fiscal sustainability” according to summit documents that also reflect failure to agree climate change goals for 2050.

  • Thursday, July 9th 2009 - 12:34 UTC

    IMF forecasts 2.6% contraction for Latam economy

    The fall in global trade had an unexpected impact on the region

    The Latinamerican economy is forecasted to contract 2.6% this year according to the latest estimates from the International Monetary Fund, with Mexico showing the worst performance plummeting 7.3% in 2009.

  • Thursday, July 9th 2009 - 12:32 UTC

    US regulators target speculation in the energy markets

    Last year crude oil prices peaked to 147 US dollars

    A United States regulator is to hold hearings to decide whether it should clamp down on speculation in the energy market.

  • Thursday, July 9th 2009 - 12:25 UTC

    Bank of England to pump extra £ 25 billion to UK economy

    Recession is moderating but risks remain

    The Bank of England is set to pump an extra £25 billion into the recession-blighted UK economy. The rate-setting Monetary Policy Committee (MPC) is expected to vote to step up its quantitative easing programme - effectively printing more money - while holding interest rates at their record low of 0.5%.

  • Wednesday, July 8th 2009 - 16:33 UTC

    Auto production and sales in Brazil surge as confidence returns

    Buyers have flocked to showrooms attracted by tax breaks

    Automobile output in Brazil climbed in June for the second straight month as manufacturers stepped up production to meet growing consumer demand, the national automakers' association Anfavea said on Monday.

  • Wednesday, July 8th 2009 - 07:21 UTC

    Tokyo, Osaka, Moscow, Geneva, Hong Kong, most costly cities

    Weakened currencies have had their impact, but London has the most expensive public transport fares

    London no longer stands among the most expensive cities in the world to live in, as the fall in value of sterling and declining house prices have made life less expensive in the UK capital according to Mercer consultancy.