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MercoPress, en Español

Montevideo, January 28th 2026 - 10:25 UTC

Economy

  • Friday, March 15th 2019 - 04:59 UTC

    Falklands Brexit impact still uncertain as 29 March looms

    MLA Teslyn Barkman said that regardless of the outcome of Brexit, Falklands will need to negotiate a future relationship with the EU independently of the UK

    The possible impact of Brexit on the Falklands is no nearer to gaining definition as UK MPs once again voted against a Brexit deal proposed by Theresa May, as well as voting against the possibility of leaving the European Union (EU) without any sort of deal.

  • Thursday, March 14th 2019 - 09:46 UTC

    China's industrial growth output fell to a 17-year low in Jan/Feb

    Premier Li Keqiang last week announced hundreds of billions of dollars in additional tax cuts and infrastructure spending

    Growth in China’s industrial output fell to a 17-year low in the first two months of the year, pointing to further weakness in the world’s second-biggest economy that is likely to trigger more support measures from Beijing.

  • Thursday, March 14th 2019 - 09:12 UTC

    Union halts operations at Argentina's biggest gold mine

    “It is unlikely the work stoppage will materially impact the fundamental value of the mine,” analysts at Canaccord Genuity wrote in a note

    A strike at Canadian Goldcorp Inc’s Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union’s action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera Minera Argentina (AOMA) union began on March 8, and processing is also now halted as surface stockpiles have run out, Vancouver-headquartered Goldcorp said in a statement.

  • Thursday, March 14th 2019 - 07:59 UTC

    Brazil to discuss meat, sugar and ethanol trade with the United States

    “We are preparing documentation and will see if we can reopen this market ... so that all of Brazil’s meat-packers can resume exports to US,” Dias told reporters

    Brazilian Agriculture Minister Tereza Cristina Dias said that she will discuss U.S.-Brazil trade in meat, sugar and ethanol in talks next week between officials of the two countries. Dias, who will travel with President Jair Bolsonaro to the United States, said one of her priorities is to reopen the U.S. market for Brazil’s fresh beef exports, which were suspended almost two years ago over safety concerns.

  • Wednesday, March 13th 2019 - 20:09 UTC

    The best and the worst city to live in Latin America

    The Uruguayan capital is positioned above cities such as Buenos Aires or Santiago de Chile because of its relatively relaxed political and social environment (Photo: Nicolás Pereyra)

    Caracas, in the last place, and Montevideo ranks as the two opposite poles of the list of cities ordered by quality of life in Latin America in 2019, according to Mercer. The capital of Austria, Vienna, ranked for the tenth consecutive year as the best in the world.

  • Wednesday, March 13th 2019 - 09:47 UTC

    EU adds ten more countries to the blacklist of tax havens including several British Overseas Territories

    The 15 jurisdictions are on the list because they were either already on the blacklist and had taken no commitment to change or have moved from the ‘grey list’.

    EU finance ministers approved on Tuesday the addition of 10 more countries to the EU’s blacklist of tax havens, which currently includes only five jurisdictions and aims to help prevent tax fraud or evasion.

  • Wednesday, March 13th 2019 - 09:20 UTC

    UK economy performance weak: 0.2% expansion in three months to January

    The ONS said strength in IT, health services and wholesale trading offset falls in the manufacturing of metals and cars, and construction repair work

    The UK economy grew by 0.2% in the three months to January, matching the growth of the previous three months. The report from the Office for National Statistics (ONS) showed a pick-up in activity in January when the economy expanded by 0.5%.

  • Wednesday, March 13th 2019 - 08:18 UTC

    Brazil auto production up 29.9% in February

    Automakers in Brazil produced around 257,200 new cars and trucks last month, while sales totaled about 198,600 vehicles, according to industry group Anfavea.

    Automobile production in Brazil rose 29.9% in February from January, while sales slipped 0.6%, the national automakers’ association said on Monday. Automakers in Brazil produced around 257,200 new cars and trucks last month, while sales totaled about 198,600 vehicles, according to industry group Anfavea.

  • Wednesday, March 13th 2019 - 08:12 UTC

    Brazil February consumer prices rose 0.43%, and 3.89% in twelve months

    The central bank expects average inflation this year of 4.25%, and has held its key Selic interest rate at a record low of 6.50% for almost a year.

    Consumer prices in Brazil rose at a slightly faster pace than expected in February due to a rise in private education fees and food and beverage prices, statistics agency IBGE said on Tuesday. On a monthly basis, inflation rose by 0.43% in February, IBGE said, more than the expected 0.39% and up from 0.32% a month earlier.

  • Wednesday, March 13th 2019 - 07:26 UTC

    UK business groups Brexit exasperation: “It's time for Parliament to stop this circus”

    CBI director-general Carolyn Fairbairn said the extension of the Brexit process “should be as short as realistically possible and backed by a clear plan”. (Pic Reuters)

    Business groups are “exasperated” after the Prime Minister's EU withdrawal plan was again rejected by Parliament. They called on MPs to shut down the possibility of a no-deal Brexit and come up with a clear EU exit plan. The City UK, the finance industry body, said leaving without a deal “would be an own goal of historic proportions”.