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MercoPress, en Español

Montevideo, July 21st 2025 - 20:09 UTC

Economy

  • Tuesday, November 27th 2018 - 09:00 UTC

    Brazil Eyes US$ 30 Billion Offshore Oil Boom

    The area at stake is the so-called ‘transfer of rights’ area, where Petrobas holds 100% of the rights to produce 5 billion barrels of oil

    Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area.

  • Tuesday, November 27th 2018 - 08:59 UTC

    US and Argentina ready to sign a two-way fresh beef deal

    “We are negotiating the reopening to happen over the days ahead,” said Marisa Bircher. “All the technical and administrative questions have been settled.”

    Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the country's international trade secretary, Marisa Bircher, said. The agreement, expected to be signed within days, would simultaneously open beef imports to both countries, Bircher told Reuters in an interview.

  • Tuesday, November 27th 2018 - 08:51 UTC

    Trump downplays a trade deal with China ahead of Saturday's meeting with Xi in Buenos Aires

    Trump told The Wall Street Journal it was “highly unlikely” that he would accept Beijing’s request to hold off on the planned increase in tariff on Chinese imports

    United States president Donald Trump and Chinese leader Xi Jinping will meet on Saturday in Argentina on the sidelines of a Group of 20 summit in Buenos Aires, a U.S. media outlet reported on Monday. The two leaders will meet a day after the United States, Mexico and Canada sign a new trilateral trade agreement, the online edition of Inside U.S. Trade said.

  • Tuesday, November 27th 2018 - 08:47 UTC

    Trump not happy with GM's decision to cut 14.000 jobs and close several plants

    “The United States saved General Motors and for her to take that company out of Ohio is not good; I think she's going to put something back in soon”, Trump said

    President Donald Trump does not like the news that General Motors would close several plants and cut more some 14,000 jobs. Speaking to reporters on the White House lawn on Monday afternoon, Trump said he spoke with CEO Mary Barra and told her he wasn't happy with the decision. “I told her I'm not happy about it,” Trump told reporters.

  • Tuesday, November 27th 2018 - 08:44 UTC

    Italy confirms its high spending budget to “end poverty” and defies EU rules

    PM Giuseppe Conte with deputies Matteo Salvini and Luigi Di Maio on Monday, said the objectives for 2019 had already been fixed

    Italy's government says it will stick to its high-spending budget plans, setting up a potential stand-off with the European Union over its deficit. PM Giuseppe Conte, who held talks with deputies Matteo Salvini and Luigi Di Maio on Monday, said the objectives for 2019 had already been fixed.

  • Tuesday, November 27th 2018 - 05:20 UTC

    Oil and chemistry bring big revenues to China

    Chinese profits from petroleum and chemicals rose 45.2 percent in the first nine months of 2018, compared to the same period last year.

    The oil and chemical industries have meant a 712.1 billion yuan (around 103 billion US dollar) profit for the first three quarters of the year for China's treasure, which equals a 45.2 percent increase from the same period of 2017, according to official Ministry of Industry and Information Technology figures released Monday.

  • Monday, November 26th 2018 - 21:39 UTC

    Dollar climbs in Argentina as Macri worries about football violence

    Macri was publicly addressing the issue of football violence flanked by Ministers Patricia Bullrich and Germán Garavano while the US dollar was going up against the Argentine peso.

    Buenos Aires was still shaking around noon Monday from the weekend's Libertadores Cup fiasco. President Mauricio Macri was publicly addressing the issue for the first time at a press conference escorted by Security Minister Patricia Bullrich and Justice Minister Germán Garavano. And with the spotlight there, the US dollar crept back up against the Argentine peso after a two-month nadir, closing at AR$ 39.9 per 1 US dollar at the end of the business day.

  • Monday, November 26th 2018 - 16:38 UTC

    Hard times ahead for Argentina's Banco Nación president

    Bank directors and employees alike turn their backs on González Fraga

    Argentina's state-run Banco Nación President Javier González Fraga admitted borrowing from abroad is a possibility to face the current liquidity shortage, it was reported.

  • Monday, November 26th 2018 - 10:39 UTC

    Argentina targets a strong global stability message at the G20 leaders' summit

    Argentina is hoping to find agreement on improving global stability, even if deep disagreements remain, foreign minister Jorge Faurie said

    With international tensions on trade set to come to a head at the Group of 20 Leaders Summit next weekend, Argentina is hoping to find agreement on improving global stability, even if deep disagreements remain. Foreign Minister Jorge Faurie said the November 30-December 1 meeting in Buenos Aires should stress the importance of trade itself, at a time that the former consensus against protectionism breaks down.

  • Monday, November 26th 2018 - 08:38 UTC

    Falklands/Malvinas air link and Cordoba stop over underlines “the historic reconciliation of UK and Argentina”

    Faurie said Theresa May will become the first sitting prime minister to visit Buenos Aires since the 1982 conflict and important announcements can be expected

    Argentina's foreign minister Jorge Faurie said that this week's G20 leaders' summit in Buenos Aires not only will it be historic since for the first time a meeting of such significance is taking place in South America, but also because of the symbolic reconciliation and constructive attitude between Argentina and the United Kingdom referred to the Falklands/Malvinas Islands.