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MercoPress, en Español

Montevideo, January 30th 2026 - 01:54 UTC

Economy

  • Monday, March 19th 2018 - 08:52 UTC

    Next chief of China's central bank was educated in University of Illinois

    Yi Gang joined the People's Bank of China (PBOC) 20 years ago and has been its deputy governor since 2008.

    US-educated economist Yi Gang has been named the next governor of China's central bank, replacing Zhou Xiaochuan. Mr Yi joined the People's Bank of China (PBOC) 20 years ago and has been its deputy governor since 2008. His appointment is being seen as one of ensured continuity as Beijing continues to try and rein in growing debt and limit risky financial practices.

  • Monday, March 19th 2018 - 08:45 UTC

    Brazil's giant meat packer JBS sells feed-lot assets in several US states

    Pinnacle Asset Management, a private New York-based asset management firm that focuses on global commodities markets, bought the operations for US$200 m.

    It took about eight months, but Brazil's giant meat packing industry JBS is finally free of its Five Rivers Cattle Feeding operations. The Greeley-based company in Colorado had planned since last June to sell its massive cattle feeding operations, which span six states including Colorado. The deal became final and closed on Friday.

  • Sunday, March 18th 2018 - 10:36 UTC

    Ushuaia at Seatrade in Miami praised for the port services improvements

    “Last season we had 282 cruise calls, and this season we will have some 335, and hopefully by 2020 we are aiming at 430” said governor Bertone

    The port of Ushuaia in Tierra del Fuego expects to end the current 2017/18 cruise season with over 339 calls, fifty more than in the previous season, revealed governor Rosana Bertone who attended the SeaTrade International Fair in Miami, the world's major event of the industry.

  • Friday, March 16th 2018 - 10:38 UTC

    Three Caribbean nations blacklisted as tax havens by the European Union

    Financial Secretary Hilary Hazel insisted that St Kitts and Nevis was a committed and fully cooperative jurisdiction in the context of international tax transparency

    European Union (EU) finance ministers have added the Bahamas, the US Virgin Islands and St Kitts and Nevis to a tax haven blacklist, while removing St Lucia from the list. And Trinidad and Tobago remains on the list which was created last December.

  • Friday, March 16th 2018 - 09:41 UTC

    Argentina preparing its first offshore licensing round in the South Atlantic

    Round One will be launched in June or July for 240,000 sq km in three zones of the continental shelf, Aranguren said

    Argentina plans to launch its first offshore licensing round in almost three decades this year, as it seeks to widen exploration for longer-term production growth, Energy Minister Juan Jose Aranguren said on Thursday.Round One will be launched in June or July for 240,000 sq km in three zones of the continental shelf, Aranguren said on the sidelines of The Economist's Argentina Summit in Buenos Aires.

  • Friday, March 16th 2018 - 03:11 UTC

    Falklands plans fishing talks with Argentina after more than a decade

    Barton: “Dialogue with Argentina on the conservation of shared marine resources has the potential to allow for better management of shared fish stocks”

    Exchanges of information between the Falkland Islands and Argentina about fish and squid stocks could begin again before the middle of this year, if all parties are in agreement. Director of Natural Resources John Barton said: “Dialogue with Argentina on the conservation of shared marine resources has the potential to allow for better management of shared fish stocks and improve sustainability of such stocks.”

  • Thursday, March 15th 2018 - 09:10 UTC

    US tariffs controversy: Temer urges a “friendly” solution before filing a complaint at WTO

    Temer urged Brazilian steel producers and their U.S. clients to work together in lobbying the U.S. government and Congress to modify the tariffs

    President Michel Temer said on Wednesday that Brazil will respond with caution to planned U.S. tariffs on steel and aluminum to avoid hurting ties with its second-largest trade partner. But if talks fail, the president emphasized, Brazil will not hesitate to take a complaint to the World Trade Organization.

  • Thursday, March 15th 2018 - 06:51 UTC

    UK, Argentina and Falklands closer to agreeing on fisheries cooperation

    Falklands Director of Natural Resources underlined the significance of dialogue to implement conservation of marine resources

    The United Kingdom, Argentina and the Falkland Islands are closer to agreeing on South Atlantic fisheries improved cooperation, for the conservation of shared resources as once existed with regular joint scientific cruises.

  • Wednesday, March 14th 2018 - 09:27 UTC

    German industry want UK in a customs union after Brexit

    Joachim Lang, chief executive of the BDI said that for German companies, duty-free and quota-free trade in goods is the minimum requirement”

    German firms ideally want the UK to stay in a customs union after Brexit, a powerful German industry group says. BDI said it would prefer a deep form of integration between Britain and the EU after Brexit. It had previously said the integrity of the single market for remaining European Union member states should be a priority.

  • Wednesday, March 14th 2018 - 09:15 UTC

    Argentina central bank leaves basic rate unchanged to combat inflation

    The Central Bank confirmed its policy of supporting the Argentine Peso with occasional interventions in the money exchange market

    Argentina's central bank left the basic interest rate unchanged at 27.5%, a clear signal that inflation remains the main challenge of the country's monetary policy. The bank also revealed that last week it intervened in the local market with 400 million dollars to keep the US dollar in the range of 20/20,50 Pesos to the greenback.