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MercoPress, en Español

Montevideo, August 6th 2025 - 06:14 UTC

Economy

  • Saturday, January 6th 2018 - 09:45 UTC

    Argentine stock market reaches a new record, 13th session running of gains

    Friday's stock market rise occurred in spite a temporary profit-taking again during the midday

    Good and not so good news from Argentina. Merval, the main index of the Buenos Aires Stock Exchange, rose 0.79% to 32,505.59 points on Friday, a new settlement record that marked the 13th consecutive session of gains to the Argentine stock market. Merval had a weekly gain of 7.11%.

  • Saturday, January 6th 2018 - 09:42 UTC

    Brazilian industrial production rose in November for the third month running

    On a monthly basis, half of the 24 industrial sectors surveyed showed an output increase, primarily influenced by pharmaceutical products (+6.5%)

    Brazilian industrial production rose 0.2% in November from a month before, at the same rate as in September and October, surprising market analysts who expected stability. It was the third monthly increase in a row in the industrial output.

  • Saturday, January 6th 2018 - 09:35 UTC

    Europe and Mercosur scheduled to resume trade negotiations this month

    EC fruit and vegetable exports to the Mercosur countries in 2016 amounted to 241.3 million Euro, according to data from the EU Statistical Office, Eurostat

    The European Commission and Mercosur are planning to resume negotiations to reach a new Association Agreement during this month. The Commissioner of the European Trade Commission, Cecilia Malmström, stated that, after the last negotiating round, which took place in early December, and after the attempt to reach an agreement in the framework of the last round of the World Trade Organization (WTO), held from 11 to 14 December, the agreement was very close and would be reached in a matter of weeks.

  • Friday, January 5th 2018 - 11:05 UTC

    Petrobras Brazilian shareholders demand similar payment as those in a class action lawsuit in US

    Petrobras on Wednesday agreed to settle a class action lawsuit in the US that claimed damages for the oil company's role in a major bribery scheme

    Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.

  • Friday, January 5th 2018 - 10:39 UTC

    Chinese locomotives to revive Argentina's cargo train network

    Manufactured by China's CRRC Qishuyan, locomotives are a comprehensive plan to reactivate the rail system by modernizing its aging infrastructure

    A new shipment of Chinese-made locomotives arrived in the Port of Buenos Aires on Wednesday to revive Argentina's key Belgrano Cargas cargo train network. The eight locomotives will form part of a strategic rail line that traverses northern Argentina's agricultural heartland and connects producers with the eastern exporting hub of Rosario, a port located 300 km north of the capital.

  • Friday, January 5th 2018 - 10:20 UTC

    Argentina sells US$ 9bn in bonds, “at the lowest yields in the country's history”

    Bonds were 2.4 times oversubscribed, as Argentina received orders for US$21.4bn, the ministry said. Issuance would cover half of infrastructure investments this year.

    Argentina sold US$ 9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America’s third largest economy sold US$1.75 billion in five-year bonds at a yield of 4.625%, US$ 4.25 billion of 10-year bonds at 6% and US$3 billion in 30-year bonds at 7%, the ministry said. It said the yields were the lowest in Argentina’s history.

  • Friday, January 5th 2018 - 10:00 UTC

    Controversy in Brazil for self imposed ban on sea food exports to Europe

    Peixe BR regrets “the lack of attention” to national aquaculture by government and demands measures to impede imperiling the conquest of new business partners.

    The Brazilian aquaculture association Peixe BR criticized the temporary suspension of fish and shellfish exports to the European Union (EU) self-imposed by the Brazilian government. The entity which represents more than half of the Brazilian production of farmed fish argued that “without doubt, this is bad news, but it can't be said that it is unexpected or that it has been a surprise for the Brazilian authorities”.

  • Friday, January 5th 2018 - 09:44 UTC

    Galicia medium sized fish processing plants benefit with 8.3m Euros

    Contributions are intended to support investments made by SMEs that will significantly help to save energy or reduce the impact on the environment.

    A total of 50 small and medium-sized companies in Galicia were beneficiaries of the 2017 call for investments aid that result in improvements in the processing of fishery, shellfish and aquaculture products. This was announced by the Minister of Marine Affairs, Rosa Quintana, at the Pobra do Caramiñal, during a visit to the refrigeration logistics company Alimentos Cruz del Sur (Alicrusa), one of the beneficiaries.

  • Friday, January 5th 2018 - 09:39 UTC

    Scottish seafood processing industry threatened by Brexit: most workers from EEA

    Rural Economy Secretary, Fergus Ewing, said that the study shows the Scottish seafood processing sector dependency on EEA workers

    A study into employment patterns of non-UK workers showed that 58% of Scottish seafood processing business employees come from other countries of the European Economic Area (EEA).

  • Thursday, January 4th 2018 - 09:18 UTC

    Petrobras agrees to pay US$ 2.95bn to settle class action suit in New York

    The oil company, which admits no guilt under the settlement, proposes making the payment in two US$983 million installments, and a third of US$984 million.

    Petrobras has agreed to pay US$2.95 billion to settle a class action suit in New York brought on behalf of investors harmed by a huge corruption scandal at the Brazilian state oil giant, the company said on Wednesday.