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MercoPress, en Español

Montevideo, April 26th 2026 - 18:52 UTC

Economy

  • Monday, May 28th 2018 - 07:40 UTC

    Uruguay presented in London as main gateway to Latin America

    Ian Duddy, UK Ambassador to Uruguay said the Embassy in Montevideo can offer services in order to introduce Uruguay as a destination for British exports.

    A trade mission was held in London from 14 to 18 May to promote Uruguay to UK exporters. The mission was organized by Uruguay XXI, the investment, export and country brand promotion agency, along with the British Embassy in Montevideo, the British-Uruguayan Chamber of Commerce with the support of the UK Department for International Trade.

  • Monday, May 28th 2018 - 06:46 UTC

    Brazilian government yields to demands of truckers week-long strike

    “We gave everything they have asked for,” said Temer of the measures, expected to cost Brazilian taxpayers some 10 billion reais (US$ 2.7 billion).

    Brazil's President Michel Temer announced late on Sunday new measures to reduce operating costs for truckers in a bid to end a week-long protest that has severely hampered the flow of food, fuel and key exports in Latin America's largest economy.

  • Saturday, May 26th 2018 - 09:29 UTC

    Protectionism the “darkest cloud” for the solid upswing of the global economy

    “The good news today is that the sun is shining on the global economy”, after a decade of difficult time, the economy that is doing well, Lagarde said

    The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.

  • Saturday, May 26th 2018 - 09:11 UTC

    IMF/Argentina discussions to stabilize the economy are “progressing well”

    “We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously”, Ms Lagarde said

    “We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously and efficiently in order to change the perception about Argentina and the perception that people have about our role,” Ms Lagarde said in Russia.

  • Saturday, May 26th 2018 - 09:00 UTC

    Truckers strike crippling Brazil, despite authorization to use military force to clear highways

    Brazil's largest city and economic hub Sao Paulo decreed a state of emergency, as did Rio de Janeiro, as gas stations and airports ran out of fuel

    A truckers protest over diesel prices that has crippled key sectors of Latin America's biggest economy dragged into Friday night, putting drivers in a standoff with Brazilian President Michel Temer who authorized military force to clear highways. The protest will stretch into its sixth day on Saturday.

  • Saturday, May 26th 2018 - 08:32 UTC

    Odebrecht begins paying debts and fines following financial agreement

    Odebrecht said that Itaú Unibanco Holding SA and Banco Bradesco SA, Brazil's top two lenders, will give Odebrecht a joint loan of 2.6 billion reais.

    Brazilian conglomerate Odebrecht SA's will use part of a 2.6 billion reais (US$709.96 million) bank loan to repay a loan in arrears with state-controlled bank Banco do Brasil SA, according to sources quoted by Reuters. Under the terms of an agreement announced on Friday, the engineering group, at the center of a corruption scandal, will repay a 100 million reais debt to Banco do Brasil.

  • Saturday, May 26th 2018 - 08:32 UTC

    Thousands march in Buenos Aires to protest Argentina's IMF credit bid

    Opposition parties, unions, human rights organizations and artists marched next to Buenos Aires’ emblematic obelisk, under the banner “the country is in danger.”

    Thousands of Argentines on Friday protested the government’s bid to secure a credit line from the International Monetary Fund, which they blame for hardship during a past financial crisis. Opposition parties, unions, human rights organizations and artists took part in the march near the capital Buenos Aires’ emblematic obelisk, under the banner “the country is in danger.”

  • Saturday, May 26th 2018 - 08:16 UTC

    Colombia invited to join OECD; third Latin American member with Mexico and Chile

    “The accession of Colombia will contribute to our efforts to transform OECD into a more diverse and inclusive institution”, OECD Secretary-General Angel Gurría

    The Organization for Economic Cooperation and Development (OECD) announced on Friday that Colombia would be officially invited to join the group. The Paris-based economic organization was founded in 1961 and has traditionally included industrialized nations, though in recent years it has extended its membership to emerging economies.

  • Saturday, May 26th 2018 - 07:58 UTC

    South Korea and Mercosur agree in Seoul to begin formal negotiations for a free trade deal

    “This represents a significant step toward deepening the important relationship between Mercosur and the Republic of Korea,” the joint statement said

    South Korea and Mercosur agreed to begin formal negotiations for a trade deal in the latter half of this year to facilitate commerce and investment, the Seoul government said on Friday. South Korea signed an agreement to launch the negotiations with four Mercosur member states -- Brazil, Argentina, Paraguay and Uruguay -- during a ceremony held in Seoul. Mercosur expelled Venezuela in 2016 for failing to meet its basic standards.

  • Friday, May 25th 2018 - 08:56 UTC

    Brazil agriculture fears consequences of a US/China trade understanding

    Brazil’s agriculture minister Blairo Maggi fears the higher demand for soybeans will push local prices so much that it will hamper Brazil’s competitiveness

    The trade dispute between the United States and China has benefited Brazil so far but could prove harmful long term as higher grain prices will make the country’s exports less competitive, Brazil’s farm minister said. Brazil is the world's leading poultry exporter.