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MercoPress, en Español

Montevideo, April 19th 2024 - 23:38 UTC

Economy

  • 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.

  • Thursday, July 2nd 2009 - 08:21 UTC

    US car sales drop in June but Ford shows stabilization signs

    Japan’s Toyota US sales fell 31.9% and Honda, 29.5%

    United States vehicle sales dropped in June, but there were signs of stabilisation as Ford saw its smallest fall in a year. Ford, the only one of the so-called “Big Three” carmakers not to have gone bankrupt, had the smallest drop, with sales down 10.7% from a year earlier. General Motors said sales fell 33.6%, while Chrysler sales fell by 42%.

  • Thursday, July 2nd 2009 - 08:11 UTC

    Unemployment in Magallanes Region soars to over double a year ago

    Contraction in seasonal activities is hitting hard a Chilean region quite stable in employment terms

    Unemployment in Magallanes Region, extreme south of Chile surged to 6.3% in the March-May quarter which is more than double the same period a year ago, 2.6%, and higher than the previous immediate quarter, 5.8%, according to the latest release from the regional Statistics Office.

  • Wednesday, July 1st 2009 - 12:54 UTC

    Brazil boosts capital goods sector cutting taxes and lowering rates

    Lula da Silva administration is determined to maintain alive the incipient recovery

    Brazil will cut sales taxes on 70 capital goods and lower the long-term interest rate charged by the state development bank, BNDES in a bid to speed up the economy’s recovery, announced Finance Minister Guido Mantega.

  • Wednesday, July 1st 2009 - 12:41 UTC

    China is crucial for world recovery says World Bank

    In four months the global economy lost the equivalent of the accumulated advance of the previous four years.

    The World Bank believes the end of the global crisis will come following the recovery of the emerging economies, particularly China. The statement follows the presentation of the latest report, Global Financial Development 2009; a path for global recovery” by economists Mansoor Dailami and Hans Timmer.

  • Wednesday, July 1st 2009 - 12:29 UTC

    UK first quarter contraction rate was fastest in 50 years

    The 2.4% fall was the fastest since 1958 with an annual decline fo 4.9%

    The recession-blighted United Kingdom economy shrank at its fastest rate for more than 50 years in the first three months of 2009, official figures have shown. And revisions to figures revealed the current recession began earlier than first thought, with a 0.1% decline seen between April and June last year compared with previous estimates of zero growth.