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MercoPress, en Español

Montevideo, April 26th 2026 - 13:11 UTC

Economy

  • Monday, July 16th 2018 - 07:19 UTC

    Theresa May: We will leave the European Union

    I will not be derailed from my duty to deliver your democratic decision.

    The Sunday Express published the following piece from the British Prime Minister, who faces a serious challenge to her leadership from dissatisfied Tories: YOU, the British people voted to leave the European Union and that is what we are going to do. I will not be derailed from my duty to deliver your democratic decision. Amid all the noise this Government is getting on with the job.

  • Saturday, July 14th 2018 - 19:53 UTC

    Corruption unleashed: Venezuelan government denounced for enriching itself with aid funds

    The government of Nicolás Maduro would be supported with alleged illicit financing networks

    According to a financial intelligence panel that met Friday in Cartagena, Colombia; in Venezuela, Maduro's government “uses food and humanitarian aid as a weapon for social control.”

  • Saturday, July 14th 2018 - 07:48 UTC

    Venezuela’s oil crisis gets worse: Production keeps falling

    The problems plaguing Venezuela’s oil industry are well-publicized, but the situation continued to deteriorate in June

    Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the month, pointing to a grim near-term future that could see total production dip below 1 million barrels per day (mb/d) by the end of the year.

  • Wednesday, July 11th 2018 - 08:47 UTC

    China confident it can replace US soybeans with supplies from South America

    Yu said China can buy more rapeseed, sunflower seeds, and bring in more soybean meal, rapeseed meal, sunflower meal and fishmeal to fill any supply gaps

    China can increase soybean imports from other countries to reduce reliance on buying from the United States, the president of state grains trader COFCO said in an interview with the Communist Party’s official People’s Daily paper on Wednesday.

  • Tuesday, July 10th 2018 - 07:41 UTC

    Macri admits mistakes and calls for support from governors, unions and business leaders

    “Argentina has left behind the idea, the belief of a messiah which will come to save us”, said president Macri from Tucumán

    President Mauricio Macri, First Lady Juliana Awada and members of his cabinet attended on Monday, 9 July, the Argentine Independence Day celebrations in the Tucuman Historic House, where 202 years ago the emerging nation cut all ties as a Spanish colony.

  • Tuesday, July 10th 2018 - 07:20 UTC

    Quick review of Brexit events and possible outcomes

    May came to power shortly after the Brexit vote, promising to be a steady hand in the negotiations.

    A huge political fight has erupted in the UK government over Brexit, Britain’s controversial decision to break away from the European Union, and it could bring down Prime Minister Theresa May. In the last 24 hours, three members of May's cabinet — Foreign Minister Boris Johnson, Brexit Minister David Davis, and the minister for the Department for Exiting the EU, Steve Baker — quit the government in protest over May’s handling of negotiations with the European Union.

  • 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).