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MercoPress, en Español

Montevideo, May 5th 2026 - 11:49 UTC

Economy

  • Saturday, April 5th 2014 - 03:05 UTC

    The most profitable gas in the world

    Privatizing the pipelines system could raise 50 billion dollars.

    By Robert Bensh of Oilprice.com - There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.

  • Friday, April 4th 2014 - 07:53 UTC

    Latam leaders discuss improving education and skills to help diversity economy

    “It is just not a question of schooling, it is a question of skills” said Ricardo Hausmann

    Political, business and academic leaders gathered for the ninth annual World Economic Forum in Latin America in Panama set out strategies for the region to move beyond dependence on commodity exports and face the challenges of a rapidly changing global economy.

  • Friday, April 4th 2014 - 07:48 UTC

    FAO food price index in March climbs to its highest since May 2013

    Sugar and cereals prices experienced the most increase while dairy produce was down

    The FAO Food Price Index rose sharply in March, up 4.8 points, or 2.3%, to an average of 212.8, the highest level since May 2013. The Index, based on the prices of a basket of internationally-traded food commodities, saw prices increase in all groups except dairy, which fell for the first time in four months (-2.5%). Sugar, 7.9% and Cereals, 5.2% climbed the most.

  • Friday, April 4th 2014 - 07:41 UTC

    White House targets methane emissions

    According to the White House, 36% of methane emissions come from agriculture.

    By Nicholas Cunningham of Oilprice.com - On March 28, the White House released a multi-pronged strategy to reduce methane emissions from a variety of sources, a step the administration says is an outgrowth of the President's Climate Action Plan announced last year. Methane is a powerful greenhouse gas, about 20 times more potent than carbon dioxide.

  • Friday, April 4th 2014 - 07:35 UTC

    Brazilian congress strikes down new taxes on the domestic soy market

    The country is the world's leading exporter of soybeans

    Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.

  • Friday, April 4th 2014 - 04:35 UTC

    Uruguayan government feels it can tame inflation based on March's index

    Minister Bergara, the outlook is positive for the coming months

    Inflation in Uruguay during March reached 0.58% accumulating 4.74% in the first quarter and 9.73% in the last twelve months, which is seen as 'positive' and an indication that recent measures to contain prices are 'being successful', according to Economy minister Mario Bergara.

  • Friday, April 4th 2014 - 04:26 UTC

    Brazil manufacturing activity expands for the fourth straight month in March

    However the pace of growth remains very modest

    Brazil's manufacturing activity expanded for the fourth straight month in March, though at a meager pace as growth in new orders cooled, a private survey showed. The HSBC Purchasing Managers' Index for the Brazilian manufacturing sector rose to a seasonally adjusted 50.6 in March from 50.4 in February. The 50 mark separates contraction from expansion.

  • Thursday, April 3rd 2014 - 07:25 UTC

    Argentina's YPF sells one billion dollars in 10-year bonds at 8.75% rate

    YPF desperately needs fresh funds to turn the country again into self sufficient in oil and gas

    Argentina’s nationalized oil and gas producer, YPF, sold 1 billion dollars in a bond sale on Tuesday, the company said in a statement. The 10-year bonds will pay 8.75% interest and were five times oversubscribed, YPF said. The U.S. dollar-denominated securities were issued under Argentine law and was considered a great success by the company.

  • Thursday, April 3rd 2014 - 07:21 UTC

    Brazil central bank raises benchmark Selic rate to 11%

    The Copom will release the minutes from Wednesday's meeting April 10

    Brazil's central bank raised its benchmark Selic rate to 11% from 10.75% on Wednesday, prolonging its tightening cycle after a surge in food prices that has stoked already high inflation in an election year. The bank's decision was unanimous and left the door open for possible further rate hikes.

  • Wednesday, April 2nd 2014 - 08:29 UTC

    World Bank will increase lending capacity by 100bn to 300bn in the next ten years

    President Jim Yong Kim made the announcement during a speech in Washington

    The World Bank announced on Tuesday a series of measures to strengthen the bank resources including a 100 billion dollars increase in the lending capacity for middle-income countries over the next decade, new innovations in financial management, and a boost in the institution’s ability to provide private sector support.