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MercoPress, en Español

Montevideo, April 16th 2024 - 10:41 UTC

Economy

  • Monday, July 6th 2009 - 09:31 UTC

    UK to announce sweeping banking reform this week

    Chancellor Alistair Darling promises an end to “kamikaze” bankers

    The United Kingdom Chancellor Alistair Darling has hit out at “kamikaze” bankers for damaging the British economy and said a shake-up to be unveiled this week would prevent a repeat.

  • Monday, July 6th 2009 - 09:22 UTC

    Venezuela takes over Banco Santander and pays first instalment

    Both sides seem satisfied with the deal: Hugo Chavez and the Spanish bankers

    Venezuela has taken formal control of its third largest bank, the previously Spanish-owned Banco de Venezuela. The first instalment of a 630 million US dollars price tag was made amid much ceremony in the capital Caracas, with nearly all the shares passing to the government.

  • Saturday, July 4th 2009 - 13:58 UTC

    US regulators close seven banks; 52 so far in 2009

    Six of the banks belonged to the same family

    United States bank regulators closed seven institutions this week including six banks in Illinois controlled by one family and a small bank in Dallas, bringing the total number of US bank failures to 52 so far this year. (This compares with 25 in 2008 and 3 in 2007).

  • Saturday, July 4th 2009 - 09:17 UTC

    Brazil threatens to take Argentina to WTO on import licences

    Brazilian exports have almost halved in the six months of 2009 compared to 2008.

    Brazil may file a complaint at the World Trade Organization against Argentina because of its delays in issuing import licenses for Brazilian goods according to Foreign Trade Chamber Secretary Lyntha Spindola.

  • Friday, July 3rd 2009 - 13:43 UTC

    World Bank praises Latinamerican fiscal and social policies

    In the 2009 fiscal year the World Bank loaned 58.8 billion US dollars of which 17 billion to Latinamerica.

    World Bank group president Robert B. Zoellick underlined that Latinamerican largest countries are better prepared to face the world crisis, based on strong budgets and primary surpluses and the development of effective social policies.

  • Friday, July 3rd 2009 - 06:57 UTC

    US jobless rate in June 9.5%; 14.7 million unemployed

    Since the start of recession in December 2007, 7.2 million jobs have been lost.

    The number of jobs lost in the US last month came in at 467,000, which was much more than had been expected. The jobless rate rose to 9.5% in June, from 9.4% in May, as the US economy continued to struggle.

  • Friday, July 3rd 2009 - 06:54 UTC

    European Central Bank implements “liquidity infusion”

    Trichet was cautious about the Euro zone economy prospects

    The European Central Bank's, ECB, kept its key rate unchanged at 1% for another month following their regular meeting. But at a news conference on Thursday ECB president Jean-Claude Trichet said he was pleased with the first results of the “liquidity infusion” to the banking system.

  • Friday, July 3rd 2009 - 06:49 UTC

    May unemployment in Euro zone, 9.5% and 8.9% in European Union

    Spain scored the worst, 18.7% and Netherlands the best, 3.2%

    The unemployment rate in the 16-nation Euro zone jumped to 9.5% in May, the highest in 10 years, as the economies in the region continued to grapple with deepening recession. For the 16 countries sharing the common currency Euro, the jobless rate is the highest since May 1999.

  • Thursday, July 2nd 2009 - 12:26 UTC

    Brazilian inflation seems under control; further rate cuts expected

    Planning Minister Paulo Bernardo is confident but also cautioned prudence

    Brazil's government set its inflation target for 2011 at 4.5%, seeing no evidence of significant inflationary pressures going forward. May consumer price inflation or IPCA, was 0.47%, and 5.2% in the last twelve months and is expected to have slowed down further during June.

  • Thursday, July 2nd 2009 - 09:20 UTC

    Boosted by tax exemption GM Brazil breaks sales record

    GM sales in Brazil in June totalled 55.629

    General Motors Brazil car sales broke a record in June thanks to continued government tax breaks for auto makers, the company said Wednesday. The company said sales soared to 55.629 vehicles last month, the highest monthly sales volume in the company's 84-year history in Brazil.