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MercoPress, en Español

Montevideo, October 16th 2026 - 09:30 UTC

Economy

  • Friday, May 31st 2019 - 09:25 UTC

    US Treasury monitoring list of countries with large trade surplus and possible currency manipulation

    Germany is on the US “monitoring list” due to its large trade surplus, as did Japan and South Korea, since they “merit close attention to their currency practices”

    The US Treasury expanded the number of countries subject to scrutiny in a semi-annual report released this week, but again found that neither China nor any other trading partners was manipulating its currency. The treasury urged the Asian giant to avoid allowing the renminbi to weaken persistently - which would give its products a more competitive advantage.

  • Friday, May 31st 2019 - 08:57 UTC

    Ahead of UK visit, Trump praises Farage and Johnson: “they are friends of mine”

    “Nigel Farage is a friend of mine. Boris is a friend of mine,” Trump told reporters as he left the White House to deliver a speech in Colorado.

    United States president Donald Trump praised the two most high-profile proponents of Britain's departure from the European Union on Thursday ahead of his planned visit to London at a time of political turmoil following the resignation of Prime Minister Theresa May.

  • Thursday, May 30th 2019 - 09:58 UTC

    Unions and opposition promote 24-hour strike paralyzing Argentina

    The strike paralyzed public transport while all flights to and from the country's airports were canceled. Banks, schools and universities remained closed

    Opponents of Argentina's President Mauricio Macri launched a 24-hour strike on Wednesday to protest the government's inability to reduce inflation that has reached 55% over the past year. The strike paralyzed public transport while all flights to and from the country's airports were canceled. Banks, schools and universities remained closed.

  • Thursday, May 30th 2019 - 09:30 UTC

    Brexit disruption slashed UK April car production by 45%

    In what it called “an extraordinary month”, the SMMT said only 70,971 cars rolled off production lines

    Factory shutdowns designed to cope with disruption from a 29 March Brexit, slashed UK car production in April by almost a half. Even though Brexit is delayed the factories still closed and production fell 44.5% according to the Society of Motor Manufacturers and Traders (SMMT).

  • Thursday, May 30th 2019 - 09:21 UTC

    Jersey and Guernsey, among the “worst tax havens”, Tax Justice Network says

    A spokesperson for the Government of Jersey said they were “fully compliant” with standards set by “independent global bodies”

    A new list of corporate tax havens has named Jersey as the seventh most “aggressive” in the world. The Tax Justice Network created the ranking by assigning a “haven score” based on 20 different criteria. Both Jersey and Guernsey scored 98 out of a possible 100, putting them “up there with the worst.”

  • Thursday, May 30th 2019 - 09:15 UTC

    European football market valued at €28.4bn; English Premier League leads, £4.8bn

    The English Premier League was the market leader, with record revenues of £4.8bn, as five teams competed in the Champions League for the first time.

    The big five European leagues generated a record €15.6bn (£13.8bn) in revenue in 2017-18, a 6% annual increase, according to new figures from Deloitte. It says the European football market is now worth some €28.4bn (£25.1bn). The English Premier League was the market leader, with record revenues of £4.8bn, as five teams competed in the Champions League for the first time.

  • Thursday, May 30th 2019 - 09:10 UTC

    Real Madrid, the most valuable European football club, worth €3.22bn

    Real Madrid won the Champions League during the two seasons which the data covers. increasing its enterprise value by 10%.

    Real Madrid has overtaken Manchester United and been named most valuable European football club, being worth about €3.22bn (£2.91bn), says KPMG. The Spanish club tops KPMG's study of top sides' “enterprise value”.

  • Wednesday, May 29th 2019 - 10:07 UTC

    Corbyn ready to back a second referendum on Brexit

    Corbyn, who has so far said the option of a second referendum should be kept on the table, is under pressure to endorse one without qualification

    Britain's Labour Party leader Jeremy Corbyn is set to back a second referendum on Brexit and it could be within days, the Mirror newspaper reported late on Tuesday citing senior figures of the party.

  • Wednesday, May 29th 2019 - 10:03 UTC

    Brazil's iron ore industry misery, a boom for Australian big miners

    Iron ore giant Vale has been forced to close mines in Brazil, representing about 90 million tons of annual product, after a tailing dam disaster in January

    Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.

  • Wednesday, May 29th 2019 - 09:58 UTC

    Central Bank reveals that Maduro administration shrunk Venezuela's economy by the half

    Among the most outstanding statistics, the body admits a total inflation in 2018 of 130,060.2%. Also a contraction of the economy of 47.7% calculated based on the fall of GDP.

    After several years, the Central Bank of Venezuela (BCV) published results of gross domestic product (GDP) until the third quarter of 2018, with which officially confirms the recession that is experienced in the oil country. With the data it is known then that between the third quarter of 2013 to September of last year the economy lost 52.3%. President Nicolás Maduro is on power since 2014.