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MercoPress, en Español

Montevideo, January 28th 2026 - 16:37 UTC

Economy

  • Wednesday, January 16th 2019 - 06:20 UTC

    Brexit: what follows? Anybody's guess, but Tories won't yield to Corbyn

    The defeat is a massive blow for Mrs May and throws yet more doubt on the Brexit process. The date for Brexit is only two and a bit months away

    It was a Tuesday evening of high-stakes and unprecedented drama that will have an impact far beyond the UK. Prime Minister Theresa May's plan for leaving the European Union - the only one on the table - was voted down by parliament on Tuesday. And, given the constant stream of analysis and speculation, you could be forgiven for feeling a little overwhelmed by it all.

  • Wednesday, January 16th 2019 - 06:11 UTC

    With a Brexit no-deal chances diminishing, sterling gains ground, for now...

    A defeat had been broadly anticipated in markets since the deal with EU was closed in November 2018 and caused several members of the government to resign

    The pound has risen after MPs voted to reject Theresa May's Brexit deal by 230 votes. Sterling rose 0.05% to $1.287 after declines of more than 1% earlier in the day. The currency slumped 7% in 2018 reflecting uncertainty about the terms of the UK's exit from the European Union.

  • Wednesday, January 16th 2019 - 05:57 UTC

    PM May Brexit deal pulverized by Parliament; Corbyn tables a no confidence vote for this Wednesday

    The defeat, 432 votes to reject the deal is a huge blow for Mrs. May, who has spent more than two years hammering out a deal with the EU

    Prime Minister Theresa May's Brexit deal was rejected in Parliament by 230 votes - the largest defeat for a sitting government in history. MPs voted by 432 votes to 202 to reject the deal, which sets out the terms of Britain's exit from the EU on 29 March.

  • Wednesday, January 16th 2019 - 05:48 UTC

    Australia exposed to record temperatures: some 45C expected this Wednesday

    The maximum is expected to soar to more than 45C on Wednesday in parts of New South Wales, South Australia and Victoria, the Bureau of Meteorology said.

    Australians have been warned to avoid exerting themselves outdoors and to drink lots of water as record temperatures in parts of the country look set to linger, and even increase, over coming days. Parts of New South Wales, Australia’s most populated state, and an area of Western Australia, saw record high minimum temperatures of 33 Celsius overnight.

  • Tuesday, January 15th 2019 - 09:23 UTC

    Macri praises Chinese investment in hydropower projects in Patagonia

    “The truth is that this project is going to mark a turning point for Patagonia, for Argentina ... it is going to generate energy for 1.5 million homes” Macri said

    Argentina's president Mauricio Macri on Monday said the joint Argentina-China hydropower megaproject is “highly important” and “emblematic” in terms of renewable energy and economic development. Macri made the remarks during his first official visit to the construction site of the project, where two hydroelectric dams, Condor Cliff and La Barrancosa, are being erected along the Santa Cruz River in Patagonia to boost national energy output.

  • Tuesday, January 15th 2019 - 09:20 UTC

    The salary is tripled in Venezuela: Increases to 6 dollars

    The salary that will come into effect on Tuesday is equivalent to six dollars on the black market and economic analysts fear that it will lose its value in a few days.

    Nicolás Maduro ordered an increase of 300% of the minimum wage on Monday, the 26th time he makes an announcement of this kind during his term. Also, an increase in the petro cryptocurrency was decreed and the president highlighted the economic management of his government, which he said in his annual report helped to turn Venezuela into the country with “greater socioeconomic equality”.

  • Tuesday, January 15th 2019 - 09:12 UTC

    Argentina sued again by hedge fund on bonds tied to GDP growth

    After its meltdown Argentina offered to exchange the defaulted debt for new bonds, at a sharp decrease in value, in 2005 and 2010. (Referencial)

    Aurelius Capital Management LP, one of the lead hedge funds that settled a massive litigation over defaulted bonds with Argentina in 2016, is suing the country again, this time over US$ 84 million in payments it says the nation owes. The case is Aurelius Capital Master Ltd. v. the Republic of Argentina, 19-cv-351, U.S. District Court, Southern District of New York (Manhattan).

  • Tuesday, January 15th 2019 - 09:08 UTC

    Macri flies to Brazil for a first face to face meeting with Bolsonaro

    Macri's Argentina, in recession, needs to tap into Brazil's recent growth to boost its exports which since 2013 have been slowing

    Argentine President Mauricio Macri will hold talks with his new Brazilian counterpart Jair Bolsonaro on Wednesday likely to center on consolidating trade ties between South America's two biggest economies, officials said. Battling recession and seeking re-election this year, Macri needs to boost Buenos Aires's side of a steep trade imbalance with its main trading partner.

  • Tuesday, January 15th 2019 - 08:52 UTC

    Auto industry calls on Trump and Congress to end government shutdown

    Fiat Chrysler CEO Mike Manley said at the Detroit show that US metals tariffs will raise automaker’s 2019 costs, about US$135 to US$160 a vehicle

    Leading automakers on Monday called on the Trump administration and Congress to resolve trade disputes, and end the US government shutdown, saying political uncertainty is costing the industry, Reuters reports.

  • Tuesday, January 15th 2019 - 08:44 UTC

    Theresa May and Parliament in their Brexit labyrinth

    Mrs May must submit a new plan for Britain's next steps by January 21. It is not clear what Mrs May's 'Plan B' is

    British Prime Minister Theresa May is facing likely defeat in Parliament when she asks MPs to approve her Brexit deal this Tuesday. That result would trigger huge uncertainty about the future of Britain's exit from the European Union.