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MercoPress, en Español

Montevideo, November 26th 2024 - 14:38 UTC

Economy

  • Tuesday, December 28th 2021 - 09:46 UTC

    Boric will not travel to Colombia with Piñera: priority is “organizing my administration's team”

    The Chilean elected president gave a glimpse of his foreign policy priorities, Pacific Alliance, the pandemic, climate change and regional support of democracy

    Chilean president-elect Gabriel Boris announced he contacted president Sebastián Piñera to thank him for the invitation to attend the January 26/27 Prosur and Pacific Alliance summits in Colombia, --the current head of government last overseas trip--, but will not join him.

  • Monday, December 27th 2021 - 20:16 UTC

    Andean Community lifts roaming charges as of Jan. 1

    The decision had been approved in 2020

    Roaming charges for cell phone communications is about to become a thing of the past for countries of The Andean Community (CAN - Bolivia, Colombia, Ecuador and Peru). Effective Jan. 1, 2022, and thanks to the joint work of its member countries and the institutional strength that it has had for more than 52 years, the citizens of the CAN will not have to pay any additional surcharge for post-paid international roaming and will be able to be more and better communicated.

  • Thursday, December 23rd 2021 - 19:17 UTC

    First cryptocurrency for LGTBI + community launched in Spain

    The gay community is informally the fourth largest economy in the world

    Spanish traders have announced “Maricoin,” the new cryptocurrency created by and for the LGTBI + community, will be launched on Christmas Eve in Madrid. The new money will be accepted as of Dec. 31 throughout 25 gay-friendly businesses throughout Spain after the pilot test this coming Friday, Dec. 24.

  • Thursday, December 23rd 2021 - 09:48 UTC

    Uruguay's President admits FTA with Turkey under consideration

    “It's not only China,” Lacalle admitted

    Uruguay's President Luis Lacalle Pou Wednesday admitted his country was after one-on-one trade deals with countries other than China and singled out Turkey was a target. Regarding a possible agreement with the United States, Lacalle said it would be a childhood dream come true.

  • Wednesday, December 22nd 2021 - 11:36 UTC

    Argentine peso needs devaluing, Goldman Sachs report says

    The GDP in 2022 would grow 2.9% or less, according to Goldman Sachs

    A macroeconomic report from Wall Street operators Goldman Sachs released Tuesday has warned that “without fiscal or monetary anchors” the country is up for strong “headwinds” in 2022 and 2023 and, therefore, “the peso needs to be devalued.”

  • Monday, December 20th 2021 - 22:20 UTC

    UK Supreme Court rules Guaidó is Venezuela's president, but the case is not over

    Now a Commercial Court must decide whether the Guaidó-appointed BCV board has any standing claiming the gold

    The Supreme Court of the United Kingdom Monday maintained opposition leader Juan Guaidó should be recognized as the truthful President of Venezuela, which would grant him access to his country's gold in custody at the Bank of England. But instead of making a decision on that issue, the case was sent back to a lower court for further judicial proceedings.

  • Monday, December 20th 2021 - 09:02 UTC

    Brexit minister resignation deals yet another blow to Boris Johnson

    The departing minister has also led the Scotch Whiskey Association (SWA), now headed by former London's Ambassador to Buenos Aires Mark Kent

    Career diplomat David Frost handed in his resignation to his job as a British negotiator in the post-Brexit phase, citing his disagreement with the direction taken by Boris Johnson's government, thus dealing yet another blow to the Prime Minister's image.

  • Saturday, December 18th 2021 - 09:57 UTC

    Uruguay does not sign joint declaration at Mercosur Summit

    At the two previous summits, Presidents Bolsonaro and Abdo Benítez had joined Lacalle Pou in calling for Mercosur to modify its rules to make it more flexible.

    Uruguay stood out for its dissenting stance at the 59th Summit of the Common Market of the South (Mercosur) Friday after President Luis Lacalle Pou refused to sign a joint declaration.

  • Saturday, December 18th 2021 - 09:38 UTC

    Bloomberg's pessimistic outlook of Chile's once shinning future

    The pace of foreign outflows has accelerated, reaching US$ 8.8 billion in six months and US$ 24.3 billion in the past two years, according to data from the central bank

    For decades, Chileans watched from afar as their South American neighbors grappled with galloping inflation, financial crashes, and extreme political swings, destabilizing forces that compelled the wealthy to send hundreds of billions of dollars to havens in Switzerland, the Cayman Islands, or the U.S.

  • Saturday, December 18th 2021 - 09:02 UTC

    Global Debt Reaches a Record US$226 Trillion

    Public Debt soared around the world in 2020

    By Vitor Gaspar, Apulo Medas, and Roberto Perrelli (*) – In 2020, we observed the largest one-year debt surge since World War II, with global debt rising to US$ 226 trillion as the world was hit by a global health crisis and a deep recession. Debt was already elevated going into the crisis, but now governments must navigate a world of record-high public and private debt levels, new virus mutations, and rising inflation.