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MercoPress, en Español

Montevideo, July 5th 2025 - 01:58 UTC

Economy

  • Monday, June 5th 2023 - 13:14 UTC

    Three companies accounted for a third of all corporation tax in Ireland

    Dublin is reaping corporation tax bonanza as reforms to global rules mean major US companies are choosing to pay tax on their international profits in Ireland

    Three companies accounted for a third of all corporation tax collected in the Republic of Ireland between 2017 and 2021, new research suggests. The Irish Fiscal Advisory Council (IFAC) said that amounted to some US$ 6,5billion in 2021 alone and probably increased last year. Corporation tax is the tax that companies pay on their profits.

  • Monday, June 5th 2023 - 13:07 UTC

    British government mulls food price cap; retailers skeptical of impact

    The idea of a cap or freeze on basic food items, as first reported by the Daily Telegraph, is said to be at the “drawing board stage”.

    The British Government's plans to introduce a cap on the price of basic food items will not help tackle the rising cost of living, retailers have warned. The British Retail Consortium (BRC) said the measures would not make a “jot of difference” and could thwart efforts to cut inflation.

  • Monday, June 5th 2023 - 12:45 UTC

    Argentina closer to becoming a member of BRICS and their Development Bank

    According to the Argentine delegation sources, Rousseff gave Massa the news at the meeting they held at NDB headquarters in Shanghai .

    The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Argentina's Economy Minister Sergio Massa currently in China with a numerous delegation in search of money for an almost depleted Central Bank

  • Monday, June 5th 2023 - 08:15 UTC

    New British business lobby, British Chamber of Commerce, replacing troubled CBI

    British Chambers of Commerce (BCC) in a bid to “design and drive the future of the British economy”. Heathrow, BP, IHG Hotels & Resorts and Drax are among its new members

    British media is reporting that a new business lobby group has been formed, boasting some of the UK's largest companies as its founding partners. The Business Council has been launched by the British Chambers of Commerce (BCC) in a bid to “design and drive the future of the British economy”.

  • Saturday, June 3rd 2023 - 13:00 UTC

    Falklands lawmakers discuss food prices and market solvency to encourage competition

    “Can the Honorable Gavin Short please say whether in the Falklands have any mechanisms or agency that could be used to investigate the grocery retail market?”

    A spirited discussion surrounding food prices was prompted by a question from MLA Teslyn Barkman in Legislative Assembly last Wednesday, 31st May. MLA Teslyn Barkman asked MLA Gavin Short about the UK’s government’s decision to investigate food pricing. “Can the Honorable Gavin Short please say whether we here in the Falklands have any mechanisms or agency that could be used to investigate the grocery retail market?”

  • Saturday, June 3rd 2023 - 12:45 UTC

    Mercosur Summit scheduled for Puerto Iguazú

    Alberto Fernández will pass on the bloc's rotating presidency to Luiz Inácio Lula Da Silva

    The Argentine city of Puerto Iguazú in the province of Misiones will host the LXII Mercosur Summit on July 3 and 4, during which Alberto Fernández will pass on the pro tempore presidency of the bloc to his Brazilian counterpart Luiz Inácio Lula Da Silva, it was announced Friday in Buenos Aires.

  • Saturday, June 3rd 2023 - 12:11 UTC

    New currency swap with China gives Argentina some financial relief

    During the meeting, the Argentine delegation gave their Chinese interlocutors official jerseys of the Argentine national football team

    Argentina will have US$ 10 billion to play on the domestic foreign exchange market and avoid a steeper devaluation of the peso after renewing a currency swap with China, Economy Minister Sergio Massa announced in Beijing Friday.

  • Saturday, June 3rd 2023 - 12:00 UTC

    Falklands farmers face tough times unable to have a fluid sale of their wool clip

    MLA Gavin Short asked if there are any indications that low clip sales may be causing cashflow difficulties that may require central Government to intervene.

    Lawmaker Gavin Short rose at the Falkland Islands elected Legislative Assembly this week and asked MLA Teslyn Barkman if she was “aware of any farms that have been unable to sell their wool clip either fully or partially this season.”

  • Friday, June 2nd 2023 - 11:01 UTC

    Argentina to join BRICS bank?

    Rousseff found the fastest way for Argentina to get help from the BRICS NDB Bank

    Argentine Economy Minister Sergio Massa was told in Shanghai by New Development Bank President Dilma Rousseff that the road was clear for Argentina to join the entity and thus be able to obtain some financial backing in the near future, it was reported. The formal announcement will be made next August alongside those concerning Saudi Arabia, Egypt, and Zimbabwe.

  • Friday, June 2nd 2023 - 10:45 UTC

    Chilean Foreign Trade in first quarter drops some 8,4%, Port Chamber report

    The decline in general cargo aligns with a 20.4% decrease in full container handling during the January-March 2023 compared to the same period in 2022.

    Comparing analysis of foreign trade by sea in the first quarter of 2023, reveals that this year there has been a drop of 8.4% in tons handled and an 8.1% decrease in cargo value, according to the Maritime and Port Chamber of Chile, Camport.