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MercoPress, en Español

Montevideo, January 29th 2026 - 18:06 UTC

Economy

  • Thursday, June 14th 2018 - 08:54 UTC

    UK inflation steady at 2.4% in May, but fuel prices are climbing fast

    Inflation has been falling since November last year. The rise in oil prices also drove up raw material costs for companies, which jumped by 9.2%.

    Inflation in the UK remained at 2.4% in May, according to the Office for National Statistics (ONS), after its fall was halted by a sharp rise in fuel costs. The ONS said that fuel prices increased by the biggest monthly amount since January 2011, rising by 3.8%.

  • Thursday, June 14th 2018 - 08:13 UTC

    Fed raises basic rate to 2%; anticipates further increases amid strong economic growth

    Fed Chairman Powell announced that he will hold a press conference after every policy meeting, to give the Fed “more opportunities to explain our actions”

    The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled it will be more aggressive about rate increases this year and next amid “strong” economic growth. The unanimous vote brings the federal funds rate to a range of 1.75 to 2%, but the quarterly economic forecasts show central bankers now expect the rate to end the year at 2.4% rather than the 2.1% projected in March.

  • Thursday, June 14th 2018 - 07:51 UTC

    New conflict brewing with Brazilian truckers

    Maggi said that at least 60 ships in all Brazilian ports are facing loading delays because of reduced trucker movement from areas such as the center-west grain belt

    Talks on new prices for truck freight in Brazil, following a nationwide truckers strike in May, have yet to be concluded and the lack of a deal is hurting goods transportation, Brazil’s Agriculture Minister Blairo Maggi said.

  • Thursday, June 14th 2018 - 06:27 UTC

    Russia's World Cup opening ceremony will be seen by an audience of over 3 billion

    Robbie Williams will sing alongside Russian soprano Aida Garifullina shortly before Russia face Saudi Arabia in the first match at Moscow's Luzhniki Stadium.

    The FIFA World Cup, the biggest sporting carnival on the planet, is all set to kick-start on Thursday. As Russia gets dressed to host the much-awaited event, fans from all over the world are set to see their favorite superstars in action. Brazilian great Ronaldo and British pop star Robbie Williams will be present at the opening ceremony.

  • Thursday, June 14th 2018 - 06:16 UTC

    Falklands has decided on a preferred operator for a second commercial flight

    MLA Barry Elsby confirmed the Executive Council had decided to appoint a preferred airline operator to establish a second weekly air link

    The Falkland Islands Executive Council agreed on Wednesday to appoint a preferred airline operator to provide the second midweek flight between the Falkland Islands and South America.

  • Thursday, June 14th 2018 - 06:00 UTC

    Argentina's unions announce a one-day general strike to protest spending cuts

    As part of the US$ 50 billion deal with IMF, Argentina said it would target a fiscal deficit equivalent to 1.3% of GDP in 2019, down from 2.2% previously

    Argentina's leading labor federation announced plans to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.

  • Thursday, June 14th 2018 - 05:58 UTC

    US, Canada and Mexico hosts of 2016 Cup; a close race turned out to be an ample win for United

    The three countries will begin making plans for an expanded 48-team tournament at 16 venues, the majority of them in the United States.

    United States Soccer Federation President Carlos Cordeiro said the United 2026 bid focused its efforts on shoring up votes from North and South America, before targeting Asian football federations. The US, Mexico, and Canada secured hosting rights for the 2026 World Cup in a landslide vote over Morocco at the 2018 FIFA Congress in Moscow.

  • Wednesday, June 13th 2018 - 09:35 UTC

    FIH Group has seen pretax profit rise 74%

    The Falkland Islands Company unit saw revenue rise 2.4% to 18.3 million and pretax profit 23% to GBP1.3 million.

    Falklands-focused retail and logistics firm FIH Group PLC hiked its dividend on Tuesday after profit and revenue rose amid a much improved performance from its largest unit. For the year ended March, pretax profit widened 74% to GBP3.3 million from GBP1.9 million the year prior. This was after revenue rose 8.2% to GBP43.8 million from GBP40.5 million the year before.

  • Wednesday, June 13th 2018 - 09:27 UTC

    Russian economy expecting US$ 1.6bn boost from the World Cup

    Minister Oreshkin expressed confidence Western sanctions won’t affect the event. “There’s politics, there’s the economy, and then there’s the life of regular people”

    The Russian economy is expecting to get a significant financial boost from an increased tourist flow during the FIFA World Cup, the Russian Ministry of Economic Development said. “According to our estimates, foreigners will spend over 100 billion rubles (US$1.6 billion) during the World Cup in Russia,” Minister of Economic Development Maxim Oreshkin told Sovetsky Sport newspaper.

  • Monday, June 11th 2018 - 08:26 UTC

    Brazilian leading presidential candidate softens attitude towards China

    “I don’t want any country buying up Brazil, but we will do business with all countries and China is an exceptional partner,” Bolsonaro told reporters

    Rightwing presidential candidate Jair Bolsonaro said that China was an “exceptional partner” of Brazil, softening earlier criticism that Chinese investors were taking over Latin America’s largest economy. “We will continue being a partner of China,” Bolsonaro said when asked how he would treat Chinese investments if he wins the October election.