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MercoPress, en Español

Montevideo, July 20th 2025 - 04:24 UTC

Economy

  • Monday, February 11th 2019 - 08:51 UTC

    Institute for Fiscal Studies says more billions needed to end Hammond's austerity

    In its analysis, IFS said spending increases already promised by Hammond would be swallowed up by commitments to fund the NHS, defense and international aid

    Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS). To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023, it adds. And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget.

  • Saturday, February 9th 2019 - 07:46 UTC

    Two new South Atlantic trawlers to be built at Nodosa shipyard, Galicia

    Nodosa signed a contract with Spain's Pescapuerta Group to build a new freezer stern trawler for fishing in the South Atlantic

    The Galicia, Spain-based boat-builder Nodosa Shipyard has received orders for a pair of new Spanish trawlers during the past month. In its most recent order, Nodosa signed a contract with the Spanish harvester Pescapuerta Group to build a new freezer stern trawler for fishing in the South Atlantic. It aims to have delivered the vessel by the end of 2020, ready to enter full operations for the spring 2021 season.

  • Saturday, February 9th 2019 - 07:34 UTC

    Trade war: US and China set to discuss intellectual property on Monday

    Lighthizer has been a strong proponent of pushing China to make reforms in unfair trade practices such as “stealing intellectual property”

    United States negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.

  • Friday, February 8th 2019 - 10:15 UTC

    Global food prices started 2019 with a rebound, says FAO

    The FAO Dairy Price Index rose 7.2 percent from December, reversing seven months of falling prices

    Global food prices began the year on a buoyant note, as the FAO Food Price Index averaged 164.8 points in January 2019, up 1.8 percent from the previous month. A sharp rebound in dairy price quotations and firmer prices of palm and soy oils drove the increase, the United Nations agency said today.

  • Friday, February 8th 2019 - 09:18 UTC

    Theresa May and Juncker issue joint statement and agree to further meetings

    Senior officials urged Mrs. May to grasp an olive branch from opposition leader Jeremy Corbyn that echoed EU proposals for a permanent EU-UK customs union

    British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of compromise yet. Ms May is scheduled to fly to Dublin this Friday.

  • Friday, February 8th 2019 - 09:13 UTC

    Collapse in China sales hits Jaguar Land Rover profits

    Sales for the quarter were £6.2bn, down from £6.3bn a year earlier. It sold 144,602 vehicles, down from 154,447.

    Jaguar Land Rover booked a loss for the last three months of 2018 as sales collapsed in China. The company booked a £3.1bn reduction in the value of its plants and other investments leading to a £3.4bn quarterly loss, its biggest to date.

  • Friday, February 8th 2019 - 09:05 UTC

    “Brexit fog”: Bank of England expects slowest growth since 2009

    There has been an “intensification” of Brexit uncertainties, BoE said. Its survey of 208 firms showed that half had started putting plans in place for a no-deal Brexit

    The Bank of England expects growth this year to be the slowest since 2009 when the economy was in recession. It is forecasting growth of 1.2% this year, down from its previous November forecast of 1.7%. The Bank said it had seen further evidence that businesses were being cautious in the run-up to Brexit, including evidence from its own survey of firms. As expected the Bank kept interest rates on hold at 0.75%.

  • Thursday, February 7th 2019 - 10:33 UTC

    As March countdown clicks, UN warns about global implications of the US/China trade dispute

    United States plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March

    United Nations trade official has warned a US plan to raise tariffs on Chinese goods next month would have “massive” implications for the global economy. The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March.

  • Thursday, February 7th 2019 - 10:29 UTC

    Brazil central bank leaves interest rates at record low 6.5%

    This was the first 2019 meeting of Copom and possibly the last for current bank president Ilan Goldfajn. Rates have been at this same level since March 2018

    Brazil’s central bank left interest rates at a record low on Wednesday as expected, and signaled it is in no rush to change them even though inflationary pressures have cooled. The bank’s nine-member monetary policy committee, Copom, voted unanimously to keep the benchmark Selic rate at 6.5% for the seventh straight meeting.

  • Thursday, February 7th 2019 - 10:05 UTC

    Manufacturing in Argentina was 5% down during 2018

    Automobiles and auto-parts production were down 25.1%, and farm machinery 48.3%, according to Indec's release

    Manufacturing performance in Argentina during 2018 was one of the worst since the 2001/02 collapse and melting of the country's economy according to the latest release from the stats office, Indec. Manufacturing dropped 14.7% in December compared to the same month in 2017, ending 2018 with an overall decrease of 5%.