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MercoPress, en Español

Montevideo, January 28th 2026 - 13:54 UTC

Economy

  • 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%.

  • Thursday, February 7th 2019 - 10:00 UTC

    Argentina's auto production down 32.2% in January compared to a year ago

    Numbers confirm that January has been the fifth month running of retraction for the Argentine auto industry

    Auto production in Argentina continued to fall at the beginning of the year, having dropped 32.2% compared to twelve months before. This means total January auto production was 14.803 units, which is 7.055 less than in January 2018, 21.858. The figures were made public by Argentina's Automobile Manufacturers Association, Adefa.

  • Thursday, February 7th 2019 - 09:23 UTC

    Theresa May on “alternative arrangements” mission to Brussels and Dublin

    Mrs May will be travelling to Brussels on Thursday to meet EU leaders in a bid to break the Brexit impasse.

    The British Prime Minister Theresa May will visit Dublin on Friday evening for Brexit talks, Ireland's Taoiseach Leo Varadkar has said. Mr Varadkar was speaking after his meeting with Commission President Jean-Claude Juncker in Brussels this afternoon.

  • Thursday, February 7th 2019 - 07:44 UTC

    Bank Of America: Oil Demand Growth To Hit Zero Within A Decade

    By 2030, oil demand growth zeros out as consumption hits a permanent peak, before falling at a relatively rapid rate thereafter <br />

    By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead. By 2024, demand growth halves, falling to just 0.6 million barrels per day (mb/d), down from 1.2 mb/d this year.

  • Wednesday, February 6th 2019 - 08:45 UTC

    Brussels insists the Irish backstop agreed with PM May is the “only operational solution”

    The EU’s refusal to give ground came as senior Tories from both wings of the party met in Whitehall for talks aimed at finding a solution to the Irish border issue

    Brussels has stepped up its opposition to attempts to reopen Theresa May’s Brexit deal as senior Tories began talks on alternatives to the Irish backstop. The European Union’s chief negotiator Michel Barnier said the backstop was the “only operational solution” to prevent a hard border on the island of Ireland.

  • Wednesday, February 6th 2019 - 08:41 UTC

    Forty UK trade agreements at risk in the event of a no deal Brexit, warns CBI

    CBI said there were “hugely damaging implications” for the UK if it had to leave trade deals it has through its membership of the European Union.

    The UK risks “crashing out” of 40 trade agreements spanning five continents in the event of a no-deal Brexit, a business organization has warned. The Confederation of British Industry, CBI, said there were “hugely damaging implications” for the UK if it had to leave trade deals it has through its membership of the European Union.