Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 26th 2026 - 17:29 UTC

Economy

  • Friday, June 8th 2018 - 06:48 UTC

    Falklands confirms exchange of fisheries data with Argentina will resume “in short order”

    Speaking to the Fisheries Committee, Mr. Barton responded to concerns expressed by members and reassured them that the exchange of data would be mutual.

    The Falkland Islands Director of Natural Resources John Barton confirmed this week that exchange of fisheries data will resume “in short order” following the resumption of fisheries talks with Argentina last month. Mr. Barton confirmed that proposals for joint research cruises are being drawn up and another meeting has been scheduled to take place in London in late 2018.

  • Thursday, June 7th 2018 - 09:04 UTC

    Brazilian currency falls amid rising investor worries and political turmoil

    Driving the currency’s decline are apprehension over recent labor unrest, shaky economic growth and a presidential election slated for October.

    The Brazilian currency has fallen to its lowest level against the dollar in more than two years, amid rising investor worries over recent economic and political turmoil. The Real is down 14% this year, near its lowest levels since March 2016. On Wednesday in New York, the dollar bought 3.8534 Reais, versus 3.8087 Reais late Tuesday.

  • Thursday, June 7th 2018 - 08:58 UTC

    On TUC's 150th anniversary, UK trade union membership dropped by a quarter among the under-30

    TUC general secretary Frances O’Grady admitted the union movement had a “problem” in reaching young people

    Trade union membership in the United Kingdom has dropped by a quarter among under-30s since the turn of the century, according to figures from the Trades Union Congress. As the TUC marks its 150th anniversary, the union body has revealed the number of people under 30 who are members of a trade union has fallen from just over 20% in 2001 to 15% in 2017.

  • Thursday, June 7th 2018 - 08:35 UTC

    Europe's five leagues revenue €14.7bn, in 2016-17, and the English Premier League is market leader

    In revenue terms, the Premier League is 86% larger than its nearest competitor, Spain's La Liga.

    The big five European leagues generated a record €14.7bn in revenue in 2016-17, a 9% annual increase, according to new figures from Deloitte. It says the European football market is now worth some €25.5bn and the English Premier League was the market leader, with record revenue of £4.5bn, as each of the 20 clubs se their own annual revenue record.

  • Thursday, June 7th 2018 - 07:50 UTC

    Highest rejection level to leaving the EU, records latest UK opinion poll

    The YouGov survey found 47% of voters thought the decision to leave was wrong, against just 40% who said it was the right thing to do

    Disagreement with Britain’s decision to quit the European Union has reached its highest point since the 2016 Brexit referendum, according to a new UK poll. The YouGov survey found 47% of voters thought the decision to leave was wrong, against just 40% who said it was the right thing to do – the widest margin since the weekly survey began two years ago.

  • 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%.