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MercoPress, en Español

Montevideo, August 2nd 2025 - 14:21 UTC

Economy

  • Tuesday, April 17th 2018 - 08:14 UTC

    Argentina's inflation hard to beat: “inflation has to fall a lot in May”

    “Inflation has to fall a lot beginning in May” to meet the 15% target Central bank chair Sturzenegger said at a press conference.

    Argentina’s central bank would raise interest rates if inflation does not fall “a lot” beginning in May to a level consistent with its 2018 target for a 15% rise in consumer prices, central bank Governor Federico Sturzenegger said on Monday.

  • Tuesday, April 17th 2018 - 07:54 UTC

    Pound in strong sustained run against the US dollar

    The pound started the week with a gain of almost a cent to US$ 1.4323, while against the Euro it was 0.2% higher at €1.1569.

    The pound has continued its recent strong run against the dollar pushing firmly above US$ 1.43. It is the seventh session in a row that the pound has made gains against the US currency. The strong run means that, among the G10 group of rich nations, the UK has the best-performing currency this year.

  • Monday, April 16th 2018 - 08:07 UTC

    Poll shows a majority in UK want a “people's vote” on final Brexit deal

    The poll found that people aged between 18 and 34 were most in favor of having a “people’s vote”, and people aged 55 and over were most opposed to the idea.

    The majority of people in the UK want a “people’s vote” on the final Brexit deal, according to a new survey in which some 52% of respondents expressed support for the idea.The survey, conducted by pollster Opinium Research for pro-EU campaign group Open Britain, saw 31% of respondents say they were opposed to a “people’s vote”, while 17% said they didn’t know or had no opinion.

  • Monday, April 16th 2018 - 07:50 UTC

    Theresa May looks to boost trade and forge new links with the Commonwealth

    “Our Commonwealth family already accounts for one-fifth of global trade,” May said in a statement before the meeting.

    British Prime Minister Theresa May will call on the Commonwealth on Monday to boost trade and forge new links, launching a summit of the 53 nations which have become increasingly important to Britain as it leaves the European Union.

  • Monday, April 16th 2018 - 02:10 UTC

    The Economist on Uruguay: some serious shortfalls

    Economist Carlos Steneri,

    The Economist recently published an extremely laudatory article on the performance of the Uruguayan economy in the last fifteen years, much of which can be supported but even more needs to be rectified, quite a surprise coming from a publication known for its research rigor. The piece was titled “Uruguay’s record-setting economic growth streak; How a small country outperforms its neighbors” and was published in the March 28th edition.

  • Friday, April 13th 2018 - 09:03 UTC

    Falklands tourism operators agree 2017/18 was a successful cruise season

    The Falklands' season ended on April 7 with total visitor arrivals for the season at 57,496. Visitors arriving on expedition ships totaled 13,686, up 17%

    Visitor arrivals to the Falkland Islands were up 3.1% compared to the previous tourist season, confirmed Executive Director of the Tourist Board Stephanie Middleton to Penguin News. The Falklands' season ended on April 7 with total visitor arrivals for the season at 57,496. Ms Middleton outlined how, as with last season, it was the expedition vessels that mainly contributed to the hike in numbers.

  • Thursday, April 12th 2018 - 08:59 UTC

    Argentina central bank keeps benchmark interest rate at 27.75%

    The bank said it did not expect significant depreciation of the Peso in coming months, after it sold over US$2 billion in reserves this year to halt the peso’s slide.

    Argentina’s central bank held its benchmark interest rate at 27.25% this week, the monetary authority said in a statement, noting that high-frequency indicators suggested core inflation would remain high in April, but below March’s levels.

  • Thursday, April 12th 2018 - 08:56 UTC

    Moody's raises Brazil's sovereign rating from negative to stable

    “Moody's expects the incoming administration to resume efforts to approve further reforms that will be needed, in particular to social security”

    Credit rating agency Moody's this week raised the outlook of Brazil's sovereign rating from negative to stable.

  • Thursday, April 12th 2018 - 08:42 UTC

    Global shipping industry discussing in London a cap to emissions

    The industry has proposed that IMO members agree to cap emissions at 2008 levels, while some countries do not want any curbs, suggesting it would harm global trade.

    Countries are meeting in an attempt to agree cuts to greenhouse gases from the global shipping industry, amid pressure on the sector to help tackle climate change. Shipping, like aviation, is not directly included in the Paris Agreement, the international deal on global warming which was secured in the French capital in 2015 and commits countries to avoiding “dangerous” climate change.

  • Thursday, April 12th 2018 - 07:32 UTC

    UK Chief Secretary in Brazil to build relationships and promote investments

    Chief Secretary to the Treasury, Elizabeth Truss said: “This year we have seen record investment in the UK and rising exports to destinations around the globe” (Pic Twitter)

    UK Chief Secretary Elizabeth Truss is this week visiting Brasilia and Sao Paulo for bilateral meetings with authorities and will follow-up on the second UK-Brazil Economic and Financial Dialogue (EFD), particularly on infrastructure. Latest figures show that bilateral trade between UK and Brazil is worth £5.4 billion a year.