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MercoPress, en Español

Montevideo, November 8th 2025 - 10:18 UTC

Economy

  • Thursday, March 6th 2014 - 05:31 UTC

    US budget battle takes off: Obama emphasizes combating poverty and helping middle class

    “After years of fiscal and economic mismanagement, the president has offered perhaps his most irresponsible budget yet” said House Speaker Boehner

    President Barack Obama proposed new tax credits and job-training programs for US workers in a 2015 budget that drew instant condemnation from Republicans, who dismissed the document as an election-year campaign pitch.

  • Thursday, March 6th 2014 - 05:06 UTC

    US government files 'friendly' support for Argentina before the Supreme Court

    The second time that the document carries the signature of US General Attorney, Donald Verrilli Jr.

    The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the hedge funds which the government of president Cristina Fernández refers to as ‘Vulture Funds’.

  • Wednesday, March 5th 2014 - 04:52 UTC

    China buys majority stake in Nidera as part of its investment in food assets

    Nidera CEO Ton van der Laan said they were looking for a strong partner in China and the rest of Asia to expand.

    China's State-owned Chinese food giant Cofco Corp. on Friday announced it was buying a 51% stake in closely held grains trader Nidera NV. By investing in Dutch Nidera, Cofco--China's largest stated-owned grain trader-- would have greater control over pricing as well as better access to major grain-growing regions, such as Latin America and Russia.

  • Tuesday, March 4th 2014 - 23:44 UTC

    Several Caribbean BOTs listed in the US 2014 narcotics control strategy report

    “2014 International Narcotics Control Strategy Report”, also names major money laundering countries including the US, UK, France, Canada and Brazil

    The United States has named several Caribbean Community (CARICOM) countries as major money laundering states whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking.

  • Tuesday, March 4th 2014 - 23:35 UTC

    YPF oil and gas production up in January but still not enough

    President Cristina Fernández government seized a majority stake in YPF in April 2012

    Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole.

  • Saturday, March 1st 2014 - 05:12 UTC

    Uruguay approves IMF test, but inflation and the neighbors could bring surprises

    IMF Deputy managing director Naoyuki Shinohara visited Montevideo

    The International Monetary Fund lowered its forecast for economic growth in Uruguay this year to 3% from its previous estimate of 3.3%, the IMF's deputy managing director said on Friday in Montevideo. Naoyuki Shinohara told reporters that the revision is due to lower growth expected in Uruguay's neighbors Argentina and Brazil and lower prices for commodities and Uruguayan exports.

  • Saturday, March 1st 2014 - 02:32 UTC

    Cry for Me, Argentina

    The former Colonel Juan Domingo Perón and his wife Evita Perón who's legacy still dominates Argentine politics.

    Veteran New York Times reporter and columnist, Roger Cohen, who on several occasions has visited Argentina recently called at Ushuaia. He wrote the following piece, which is not very enthusiastic about the current situation or the heavy burden of populist history in one of the richest countries of the world.

  • Saturday, March 1st 2014 - 02:24 UTC

    Euro-zone inflation stabilized at what central bank calls 'danger zone'

    Unemployment in the Euro zone remains at record highs

    Euro zone inflation stabilized in what the European Central Bank has called the “danger zone” in February, data showed on Friday, while unemployment remained stuck near record highs ahead of an ECB policy meeting next week.

  • Saturday, March 1st 2014 - 02:22 UTC

    US economy expanded at a 2.4% annual rate, down from the 3.2% estimated

    Consumer spending accounted for a large chunk of the revision after retail sales in November and December came in weaker than assumed.

    The US government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, leaving the economy on a more sustainable path of modest expansion. GDP expanded at a 2.4% annual rate, the Commerce Department said on Friday.

  • Friday, February 28th 2014 - 03:28 UTC

    Brazil GDP expanded 2.3% in 2013; agriculture again the main engine

    Brazil is among the world's leading exporters of soy and corn

    Brazil's economic output grew 2.3% in 2013 for a third straight year of modest expansion by Latin America's biggest economy, the government announced on Thursday. GDP for the final quarter of the year rose a 0.7% compared to the third quarter, according to Brazil's Institute for Geography and Statistics, IBGE.