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MercoPress, en Español

Montevideo, January 29th 2026 - 02:11 UTC

Economy

  • Wednesday, October 31st 2018 - 08:52 UTC

    Beijing concerned a weaker Yuan could further trigger trade war with the U.S.

    Yuan drifted past 6.96 to the dollar, its weakest since May 2008. Breaking 7 could further undermine market confidence and potentially trigger fresh US accusations

    The Chinese Yuan weakened to a decade low on Tuesday on concerns over China's slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 Yuan per dollar barrier. The Yuan drifted past 6.96 to the dollar, hitting its weakest levels since May 2008.

  • Wednesday, October 31st 2018 - 08:43 UTC

    Brazil's unemployment down to 11.9% in the third quarter

    Despite six straight months of decline, there are still 12.5 million people seeking work in Brazil, which is coming off the worst recession in its history in 2015-2016

    Brazil's unemployment rate fell for the sixth straight month in September, according to government data released on Tuesday, two days after far-right congressman Jair Bolsonaro was elected president on a promise of sweeping change. The jobless rate -- measured in sliding three-month intervals -- was 11.9% for the period from July to September, down from 12.1% from June to August.

  • Wednesday, October 31st 2018 - 08:23 UTC

    Argentina resumes natural gas export to Chile after twelve years

    The unconventional gas is being piped from Argentina’s oil- and gas-rich Vaca Muerta shale field, over the Andes mountain range to Chile’s southern provinces

    Argentina has begun exporting natural gas to Chile after a 12 year interlude, Chilean President Sebastian Piñera said on Tuesday, as the two neighboring countries seek to increasingly integrate their energy supply and electricity grids.

  • Tuesday, October 30th 2018 - 17:14 UTC

    Bolivia's YPFB must be more competitive to negotiate gas with Brazil

    YPFB is going to have to compete as a company... ” instead of depending on negotiations between states

    Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) needs to lay out a more competitive plan in terms of prices and delivery methods if it is to negotiate the sale of gas to private Brazilian companies in an adverse political context, according to former minister and hydrocarbons specialist Álvaro Ríos.

  • Tuesday, October 30th 2018 - 08:50 UTC

    Future economy minister says Mercosur not a priority for Bolsonaro's Brazil

    Mercosur had become a “cognitive prison” impeding its members to unilaterally be involved in trade agreements with third countries or blocks, claimed Guedes.

    Mercosur is not a priority, and Argentina is not a priority for the new government of Brazil, the priority is to trade with all the world. The strong statement came from Paulo Guedes, signaled as the next Finance minister of president elect Jair Bolsonaro's cabinet and a crucial player in that team since the newly elected leader has admitted a limited knowledge of economics.

  • Tuesday, October 30th 2018 - 08:45 UTC

    YPF plans US$ 4bn annual investment in oil and gas production

    YPF intends to invest US$ 3.6 billion on infrastructure in Vaca Muerta over the next five years, CEO Daniel Gonzalez said, with 1,700 wells drilled by 2023

    Argentina's state-controlled oil company, YPF, will significantly boost oil and gas production, investing between US$4 and US$ 5 billion per year through 2022, Chief Executive Daniel Gonzalez said. The plan is to raise production by between 5and 7% per year, with the largest increase in the Vaca Muerta formation, one of the world's largest reserves of shale oil and gas.

  • Tuesday, October 30th 2018 - 08:40 UTC

    UK Budget time: “Austerity coming to an end” announces Chancellor Hammond

    In a 70 minutes speech Mr Hammond said “we have reached a defining moment on this long, hard journey” after repairing the damage to the public finances

    Chancellor of the Exchequer Philip Hammond has said the “era of austerity is finally coming to an end”, in his last Budget before Brexit. He spent a windfall from better public finances on more money for universal credit and bringing forward planned income tax cuts by a year.

  • Sunday, October 28th 2018 - 18:00 UTC

    Fitch cautious about UK as no-deal Brexit scenario looks inevitable

    Fitch envisions “an acrimonious and disruptive 'no deal' Brexit” which will impact the UK's economy negatively.

    The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.

  • Sunday, October 28th 2018 - 16:55 UTC

    Last minute polls confirm Bolsonaro will be Brazil's next elected president

    The ex Army captain Jair Bolsonaro should be the next Brazilian president taking office on January first 2019, according to last minute opinion polls

    The ultra right candidate Jair Bolsonaro continued ahead of Fernando Haddad in the runoff for the Brazilian presidency scheduled to take place this Sunday, 28 October. According to the latest public opinion poll, released late Saturday, the ex Army captain and paratrooper had a 54% of valid votes support while the Workers Party hopeful stood at 46%, that is an eight points difference.

  • Saturday, October 27th 2018 - 09:50 UTC

    Markets confident of Bolsonaro victory: stocks up 2% and Real logs sixth straight sessions' win

    The Real logged weekly gains for a sixth straight session, its longest weekly winning streak since early last year

    Brazilian stocks index, Bovespa, rose nearly 2% on Friday ahead of this weekend's presidential election, whole Brazil's Real further consolidated. The MSCI's index of emerging market stocks in the region gained 1.24%. Although, the region's markets fared better than emerging markets elsewhere, they were on track to end a five-week winning streak.