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MercoPress, en Español

Montevideo, May 31st 2026 - 08:35 UTC

Economy

  • Wednesday, July 29th 2009 - 12:32 UTC

    Capital flight in Argentina averages record 2 billion USD per month

    Confidence building and inflation the main challenges of the Argentine economy.

    Capital flight from Argentina has reached proportions similar to those of 2001, according to economist Rodrigo Alvarez from consultants Ecolatina. He warned it was imperative for the government to restore confidence given the overall perception that “there is a limited capacity to solve problems”.

  • Tuesday, July 28th 2009 - 15:07 UTC

    Uruguay downgrades 2009 growth estimate to 0.7%

    Minister Garcia made the announcement, for the third time this year.

    Uruguay’s Finance minister Alvaro García for the third time in eight months downgraded the country’s growth estimate for 2009. At a press conference following the regular Monday cabinet meeting, Gracía said that the economy will expand 0.7% this year, down from the April estimate of 2% and 3% from last December.

  • Tuesday, July 28th 2009 - 14:44 UTC

    China displaces the US as main trading partner of Chile

    The metal-intensive Chinese stimulus plan has helped Chile’s copper exports and prices

    China overtook the United States as the principal consumer of Chilean goods in the first half of 2009, reaching its highest percentage share of Chilean exports yet. China’s continued appetite for Chilean copper, among other commodities, has helped cushion Chile’s overall drop off in exports.

  • Tuesday, July 28th 2009 - 14:39 UTC

    US/China ever more competitors but also inter-dependent

    Obama said that bilateral relations with Beijing will shape the 21st century

    The relationship between United States and China will shape the 21st Century, said President Barack Obama as top officials met Monday in Washington for talks. “Co-operation, not confrontation” was the way forward, he said, with climate change, security and the economy all areas where common ground existed.

  • Tuesday, July 28th 2009 - 14:35 UTC

    British Chancellor warns banks about interest rates

    The advantage of low interests must be passed on, insists Darling

    Britain’s Chancellor of the Exchequer Alistair Darling has told bank chiefs that businesses should be given the lowest possible interest rates on borrowing.

  • Tuesday, July 28th 2009 - 07:10 UTC

    Traffic in Panama Canal slowing down, reports administration

    Number of vessels dropped 6.4% and cargo by 4.6% in Q3 of fiscal 2009

    The number of vessels passing through the Panama Canal declined by 6.4% during the third quarter of Fiscal Year 2009, according to the waterway’s administration latest report.

  • Saturday, July 25th 2009 - 11:53 UTC

    Argentina and Brazil will address “trade differences” in Sao Paulo

    Celso Amorim is concerned Brazil’s export space in Argentina is occupied by others.

    Argentina and Brazil agreed to hold talks next week to address the ongoing trade differences which threaten to sour the bilateral relation. The meeting of Presidents Cristina Fernandez de Kirchner and Lula da Silva was held on the sidelines of the Friday Mercosur summit in Paraguay.

  • Saturday, July 25th 2009 - 10:42 UTC

    Argentina/Brazil postpone local currencies swap to promote bilateral trade

    Pesos and Reais to replace US dollars.

    Argentina and Brazil postponed the signing of a 1.8 billion US dollars swap agreement that was supposed to promote bilateral trade amid the global financial crisis. Reasons for the delay were not revealed but the event was rescheduled for August 3.

  • Saturday, July 25th 2009 - 09:27 UTC

    Third of Europeans “very concerned” with potential loss of jobs

    Spain tops the list of EU unemployment with four million out of jobs (17.9%)

    A third of European workers are “very concerned” that they could lose their jobs as result of the financial crisis, an EU survey suggests. EU said six in 10 Europeans felt the worst of the economic crisis was to come, and only 28% said it had passed.

  • Saturday, July 25th 2009 - 07:19 UTC

    UK fifth successive quarter of recession in April-June

    The declination of 0.8% was far worse than expected totalling 5,8% in a year.

    Hopes of a swift end to the United Kingdom recession were shaken after figures showed a far worse than expected decline of 0.8% in the economy between April and June. The UK's fifth successive quarter of recession was much deeper than the 0.3% forecast, stunning experts and business leaders.