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MercoPress, en Español

Montevideo, August 6th 2025 - 06:14 UTC

Economy

  • Thursday, January 4th 2018 - 08:05 UTC

    UK farmers growing concern about a post Brexit scenario

    Concerns have been raised that a deal with the US could include chlorine-washed chicken and hormone-fed beef.

    Post-Brexit trade deals could pose the biggest peacetime threat to the UK's food security if welfare standards and farmers are not protected, MPs say. Imports of food produced with lower welfare standards should not be allowed, the All-Party Parliamentary Group on Agro-ecology warns.

  • Thursday, January 4th 2018 - 05:38 UTC

    China announces it will begin “a greater push” to conquer trade in the hemisphere

    “China will adopt the participation and active promotion of economic globalization, and the perseverance in openness,” Yang wrote in a guest column in Clarín

    In a Spanish-language opinion piece in one of the nation’s largest newspapers, Chinese Ambassador to Argentina Yang Wanming urged Latin American nations to increase trade ties to China, promoting Beijing’s “One Belt One Road” project and warning Beijing will begin a “greater push” to conquer trade in the hemisphere.

  • Wednesday, January 3rd 2018 - 10:33 UTC

    Private operators take over Brazil's Fortaleza and Porto Alegre airports

    Fraport AG won the FOR and POA concessions in March 2017 during a public auction of four airports under Brazil’s third round of airport privatizations.

    Fraport Brasil (a wholly-owned subsidiary of Fraport AG) started operations at Fortaleza’s Pinto Martins International Airport (FOR) and Porto Alegre’s Salgado Filho International Airport (POA).

  • Wednesday, January 3rd 2018 - 10:29 UTC

    EU and Chile discussions to renew association agreement

    Chile produces 5 million tons of fruit, 2.6 million of which are exported. It is also a leading fruit exporter and world's leading exporter of table grapes and blueberries

    The European Union and Chile have started negotiations in Brussels for the renewal of the Association Agreement. The first round was held in November and the Commission subsequently launched a consultation aimed at the sectors affected in order to find out their opinions on the issue. This process is planned to conclude on 19 February.

  • Wednesday, January 3rd 2018 - 10:12 UTC

    Brazil finished 2017 with a record trade surplus of US$ 67bn

    Economy Minister Henrique Meirelles said the improvement was owed to better “fiscal control, a freeze on public spending and reforms in general.”

    Brazil's road to economic recovery has passed another milestone with official data showing on Tuesday that the country finished 2017 with a record trade surplus 40.5% higher than in the previous year. The US$67 billion surplus was in line with market projections and within the US$65/70bn range forecast by the government.

  • Tuesday, January 2nd 2018 - 11:13 UTC

    Panama Papers enable tax authorities worldwide to recoup US$ 500 million

    Last July, the German federal police agency announced it had bought the Panama Papers data. The agency conducted raids and has so far frozen two million Euros.

    More than US$500 million has been recouped by tax authorities worldwide after the Panama Papers revelations, first published in April 2016. Spain alone collected US$122 million after an investigation into the affairs of tax residents who had stockpiled money offshore. Among the countries represented in the Panama Papers data, a total of 15 – on three continents – have publicly commented on the amount of taxes recovered by tax authorities.

  • Tuesday, January 2nd 2018 - 10:58 UTC

    Brexit: First quarter of 2018, “point of no return” for financial services industry

    HSBC has said it is on course to move up to 1,000 jobs to France where it already has a full service universal bank after buying up Credit Commercial de France

    The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.

  • Tuesday, January 2nd 2018 - 10:53 UTC

    Japan prepared to lift its ban on beef imports from Uruguay

    An expert panel of the Agriculture, Forestry and Fisheries Ministry determined in December that sufficient safeguards are in place at farms and processing facilities

    Japan is planning to lift a ban on beef imports from Uruguay next year, ending a more than 17-year embargo following the outbreak of foot-and-mouth disease in the South American nation in 2000, according to government sources in Tokyo.

  • Tuesday, January 2nd 2018 - 10:20 UTC

    Hyperinflation that degrades any salary increase

    There was registered an increase in the price of more than 100% of several foods this month, some of which exceeded their cost by 1,500% in the course of 2017.

    A new salary increase arrived to Venezuela -the seventh in a year-, but the purchasing power of Venezuelans continues insignificant compared to the high price of low supply due to hyperinflation. While it is not possible to slow down the variation of prices in the different products of the basic basket, any wage increase is insufficient and exacerbates the problem. In one year, salary increased 511%, while inflation in 2017 closed at 2.735%, the highest in the world.

  • Tuesday, January 2nd 2018 - 07:27 UTC

    New Year in Uruguay begins with a raft of goods and services price increases

    Uruguay has the “privilege” of being the Latin American country with the dearest fuel prices. Ancap is the company responsible for refining oil

    New Year has taken off in Uruguay with a raft of utilities' rates increases which includes power, fuels, drinking water, telecommunications, urban bus fares, plus extra taxes on tobacco and gambling. Inflation in the twelve months to November was 6.30%.