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MercoPress, en Español

Montevideo, July 30th 2025 - 23:51 UTC

Economy

  • Wednesday, June 6th 2018 - 14:09 UTC

    Falkland Islands Reception in London

    Former Falklands Governor and FIA Chairman Mr. Alan Huckle proposes the loyal toast.

    Marking another successful year, the Annual Falkland Islands Government Reception took place on Tuesday 5th June at Middle Temple, London. Islanders in Britain, their friends and supporters, politicians, and veterans of the 1982 war of liberation met in high spirits.

  • Wednesday, June 6th 2018 - 08:52 UTC

    Venezuela's oil delivery contracts could suffer 50% haircut

    PDVSA is asking its principal clients that are collectively owed 1.5 million bpd of crude in June to accept smaller volumes and restructure existing supply contracts

    Venezuela’s state-owned PDVSA is considering a declaration of force majeure on some of its oil supply contracts in June unless its clients agree to accept volume reductions of up to 50%, Argus reported on Tuesday, citing PDVSA officials.

  • Wednesday, June 6th 2018 - 08:45 UTC

    China and Argentina reinforce financial links with increased currency swap arrangement

    Cabinet chief Marcos Peña, said “we have an active swap with China that the previous government left us and we will try to make it bigger.”

    Argentina is looking to expand an existing currency swap arrangement with China, as Buenos Aires looks to stabilize the economy one month after applying for financial aid from the International Monetary Fund. In an interview with the Financial Times, Argentina’s Chief of Cabinet Marcos Peña, said “we have an active swap with China that the previous government left us and we will try to make it bigger.”

  • Wednesday, June 6th 2018 - 08:38 UTC

    Brazil industrial production returned to positive growth during April

    April reported good returns for oil derivatives and bio-fuels, up 5.2%, while automotive production grew by 4.7%.

    Brazilian industrial production increased 0.8% in April, marking a return to positive growth after dropping by 0.1% in March, the government announced on Tuesday. According to the report by Brazil's statistics bureau, IBGE, the industrial sector has grown 4.5% so far in 2018.

  • Wednesday, June 6th 2018 - 08:27 UTC

    Brazil's central bank survey lowers 2018 growth forecast to 2.18%

    The downgrade was blamed on a slower than expected rate of economic recovery and crippling truckers' strikes in May

    Brazil's financial market has downgraded its 2018 economic growth forecast from 2.37% to 2.18%, according to a Focus poll released on Monday by the Central Bank. Four weeks ago, a similar survey of the country's leading financial institutions showed GDP was expected to expand 2.7%.

  • Wednesday, June 6th 2018 - 08:22 UTC

    Boxer Mayweather and Messi, world's top earning athletes, according to Forbes ranking

    United States boxer Floyd Mayweather has regained his title in the Forbes rankings of the world's top 100 earning athletes. He earned US$ 275m for his boxing match in August against UFC star Conor McGregor, who is number four on the US business magazine's list.

  • Wednesday, June 6th 2018 - 08:19 UTC

    Brazil's trade surplus in May reached US$ 5.981 billion

    There was an increase of 18.4% in basic exports, while sales of manufactured and semi-manufactured goods fell 17.3% and 9.5%, respectively.

    Brazil's trade balance recorded a US$ 5.981 billion surplus in May, resulting from US$ 19.224 billion in exports and US$ 13.260 billion in imports, said the Ministry of Industry, Foreign Trade and Services (MDIC).

  • Wednesday, June 6th 2018 - 07:15 UTC

    Mexico announces retaliatory tariffs in US Republican strongholds

    Mexico is the largest market for US pork exporters. Other products affected by tariffs include apples and potatoes, and certain cheeses and bourbon

    Mexico has announced new tariffs on US products in response to Donald Trump's decision to impose steep duties on imports of steel and aluminum. The list includes whisky, cheese, steel, bourbon, and pork. Analysts say the tariffs are designed to hit US Republican strongholds ahead of mid-term elections in November.

  • Tuesday, June 5th 2018 - 07:50 UTC

    Walmart leaving Brazil after 22 years: 80% takeover by Advent

    Walmart's Brazilian operation started up 22 years ago and employs 55,000 people in 438 stores.

    Walmart gave no price for the transaction, in which Advent takes an 80% stake in Walmart Brazil and leaves Walmart with 20%. But the Arkansas-based mega retailer said it would take a US$ 4.5 billion charge on the deal in the second quarter, much of that related to cumulative foreign exchange losses.

  • Tuesday, June 5th 2018 - 07:20 UTC

    Fresh Conservative attacks on Theresa May and her Brexit “negativity”

    Ex minister Priti Patel told The House magazine that the Government needed to articulate a “better vision for the future” after Brexit.

    Theresa May has been hit with fresh Conservative attacks on her leadership as she attempts to steer the UK through Brexit. Former Cabinet Minister Priti Patel accused the Prime Minister and Chancellor Philip Hammond of “negativity” as they attempt to lead the country out of the European Union.