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MercoPress, en Español

Montevideo, January 29th 2026 - 14:18 UTC

Economy

  • Tuesday, July 10th 2018 - 07:15 UTC

    Trump picks strong business-friendly candidate to the Supreme Court

    The nomination of Kavanaugh to replace the retiring Anthony Kennedy is another win for corporate America.

    President Donald Trump on Monday night picked Brett Kavanaugh to fill an open seat on the Supreme Court, potentially creating the most business-friendly high court since before the New Deal in the 1930s. The nomination of Kavanaugh to replace the retiring Anthony Kennedy is another win for corporate America.

  • Tuesday, July 10th 2018 - 07:08 UTC

    Brazilian truckers strike had a strong impact on June inflation

    The reading, the highest since mid-April, brings the inflation rate close to the 4.5% center of the central bank's 2018 target range and above the 2019 target of 4.25%. get of 4.25%.

    Product shortages due to a truckers' strike lifted Brazil's inflation rate near the midpoint of the official target range in June, underlining the deep impact of the nationwide protests. Consumer prices tracked by the benchmark IPCA index rose 4.39% in the 12 months through June, government statistics agency IBGE said.

  • Monday, July 9th 2018 - 07:43 UTC

    Argentina's austere Independence Day celebration in Tucuman, with no military parade

    Contrary to other years there will be no military parade in Tucuman or Buenos Aires, as a result of the strict austerity measures imposed by Macri administration.

    President Mauricio Macri and his cabinet will be celebrating Argentina's Independence Day, Monday 9 July at the Historic House in the northern province of Tucuman, where the declaration was first announced 202 years ago. Contrary to other years there will be no military parade in Tucuman or Buenos Aires, allegedly as a consequence of the strict austerity measures imposed by the Macri administration.

  • Monday, July 9th 2018 - 07:08 UTC

    “Argentina on the rocky road to recession”, anticipates The Economist

    Frustratingly for president Macri, Argentina’s travails are, in part, a consequence of his efforts to put the economy on a firmer footing.

    On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen from 700 pesos to 4,000 pesos (US$ 142).

  • Friday, July 6th 2018 - 10:56 UTC

    US tariffs on Chinese goods become effective: global trade war takes off?

    “The United States has violated World Trade Organization rules and ignited the largest trade war in economic history,” China's Commerce Ministry said

    US President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on US$ 34 billion of Chinese imports. China immediately said it would be forced to retaliate. The duties on Chinese goods started at 12:01am Friday in Washington, just after midday in China.

  • Friday, July 6th 2018 - 08:43 UTC

    Brexit and the Falkland Islands: Potentially catastrophic?

    Fishing vessel in Falklands waters - In 2017 all loligo squid imported to Spain came from the Falklands

    Brexit could be “potentially catastrophic,” for the Falklands according to a recent UK newspaper article. And by all accounts it could have a serious impact if heavy tariffs were applied to goods exported from the Islands into the EU. But just how bad could it be?

  • Friday, July 6th 2018 - 08:16 UTC

    The new oil cartel threatening OPEC

    China and India account for 17% of global oil consumption and they are the ones that would be the hardest hit if prices rise as a result of OPEC's actions.

    When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.

  • Thursday, July 5th 2018 - 08:48 UTC

    Latam agriculture and fisheries production to expand 17% over the next decade

    More than half of growth, 53%, can be attributed to an increase in crop production, about 39% to the livestock sector, and 8% from fisheries output

    Agricultural and fisheries production in Latin America and Caribbean is projected to expand by 17% over the next ten years, says a new report from the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO).

  • Thursday, July 5th 2018 - 08:41 UTC

    Brazilian stock market up 1%; Electrobras shares soar 18%

    Shares of power utility Eletrobras soared nearly 18% after the lower house of Congress agreed to speed approval of a bill seen as key to the sale of some assts

    Brazil's benchmark Bovespa index jumped more than 1% on Wednesday in low-volume trading on the U.S. Independence Day holiday, while shares of Brazilian power utility Centrais Elétricas Brasileiras SA soared.

  • Thursday, July 5th 2018 - 08:16 UTC

    Brazil industrial production plummets in May on truckers strike

    Production fell 10.9% from April, government statistics agency IBGE said on Wednesday, the largest decline since December 2008

    Industrial output in Brazil plummeted in May at the sharpest pace in a decade, highlighting the deep impact of a nationwide truckers' strike in the final weeks of that month. Production fell 10.9% from April, government statistics agency IBGE said on Wednesday, the largest decline since December 2008.