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MercoPress, en Español

Montevideo, August 6th 2025 - 23:23 UTC

Economy

  • Friday, December 22nd 2017 - 09:56 UTC

    Argentina: Approval of reform bills triggers markets

    The president Mauricio Macri administration expects the economy to grow around 3% this year following a 2.2% percent contraction in 2016.

    Merval, the main index of the Buenos Aires Stock Exchange, rose 1.51% Thursday, closing at 28,494.01 points - close to exceeding the maximum of the year, by 28,500 points. The Argentine stocks were driven by the approval of the pension and tax reforms passed this week in the House of Representatives.

  • Thursday, December 21st 2017 - 11:26 UTC

    Egypt attends Mercosur summit in Brasilia

    Minister of Industry and Foreign Trade Tarek Kabil said the trip to Brasilia is withthe aim of boosting trade and economic cooperation with Mercosur members.

    Egypt is attending the ministerial meeting of the Mercosur bloc in Brasilia to deliver a message about the importance of joining the group, Minister of Industry and Foreign Trade Tarek Kabil said in a statement.

  • Thursday, December 21st 2017 - 11:12 UTC

    EU stands firmly on its beef offer to Mercosur: 70.000 tons

    “Mercosur talks were quite difficult during the week and there are 15 open issues still in the negotiations”, admitted Commissioner Phil Hogan

    The European Union's offer on beef in Mercosur trade negotiations has not been revised according to the EU Agriculture Commissioner Phil Hogan, who said a deal may happen in February. Speaking to journalists in Brussels on Wednesday, EU Agriculture Commissioner Phil Hogan said that the EU's offer on beef access for Mercosur countries has not been revised since December 5.

  • Wednesday, December 20th 2017 - 10:22 UTC

    CMA-CGM take over Mercosul Line from Maersk Line

    CMA CGM and Maersk Line announced a binding agreement in June, subject to Brazilian regulatory approval and closing of Maersk's Hamburg Süd acquisition.

    The transfer of ownership of Mercosul Line from Maersk Line to CMA CGM. (Maritime Freighting Company-General Maritime Company), was completed on Friday. Mercosul is a leading player in Brazil's domestic container shipping market, with a fleet of four container vessels and around 290 people employed.

  • Wednesday, December 20th 2017 - 08:48 UTC

    Protecting UK (and Falklands) fisheries in a post Brexit scenario

    Environment Secretary Michael Gove has anticipated EU fishing quotas referred to UK will be scrapped, and foreign fishing fleets chased from catching in UK waters

    In the midst of the Brexit debate in the UK, and its expected consequences, Environment Secretary Michael Gove has anticipated EU fishing quotas referred to UK will be scrapped and if things go as planned by the cabinet member, French, Spanish, Danish and other nations fishing fleets will be chased form illegally fishing in UK waters.

  • Wednesday, December 20th 2017 - 08:37 UTC

    Despite the violence and protests, Argentina's pension reform bill is passed

    “We’ve created a formula that defends (retirees) from inflation and guarantees that they will be better,” Macri said.“Our priority is to take care of the retirees.”

    Argentina’s president defended a pension reform bill approved by Congress in the early hours of Tuesday that has prompted violent protests and a general strike, saying it seeks only to benefit retirees. The measure passed in the lower house by a 127-117 vote after more than 12 hours of debate, much of which came as demonstrators clashed with police outside the chamber.

  • Tuesday, December 19th 2017 - 12:50 UTC

    Second chapter of Buenos Aires battle over pension overhaul; 24 hour general strike

    Demonstrators threw bottles, rocks and gasoline bombs, while police in riot gear responded with tear gas, rubber bullets and jets of water. (Pic Clarin)

    Police and protesters clashed on Monday outside Argentina’s Congress as lawmakers debated a proposed pension overhaul that has angered retirees and prompted union leaders to wage a general strike.

  • Tuesday, December 19th 2017 - 12:48 UTC

    May admits that during the Brexit transition period, UK would still be bound by EU rules

    The prime minister said the transition period was designed to offer certainty to businesses, adding that she expected it to be agreed in the first quarter of 2018.

    Theresa May has acknowledged that Britain will be unable to implement any new trade deals during a Brexit transition phase, telling MPs that although the country would have left the customs union it would still be bound by its rules.

  • Tuesday, December 19th 2017 - 12:28 UTC

    Hard Brexit, soft Brexit, and the Irish question

    The UK is now halfway out of the EU - or, rather, May's government has now used up half the time that was available to negotiate an amicable divorce settlement

    By Gwynne Dyer - Politicians never lie. Well, hardly ever. They're not into full disclosure, as a rule, but they know that if you lie, sooner or later you will be caught out, and then you are in deep trouble. So just change the subject, or answer a different question than the one you were asked, or just keep talking but saying nothing until everybody gets bored and moves on.

  • Tuesday, December 19th 2017 - 12:06 UTC

    Any UK/EU trade agreement will not include financial services, warns Barnier

    ”There is no place (for financial services),“ Barnier said. ”There is not a single trade agreement that is open to financial services. It doesn't exist.” Reuters

    The European Union has dashed the British government's hopes of carving out a special arrangement to allow City firms to trade freely in the EU if Britain leaves the single market. Michel Barnier, the European Commission's chief Brexit negotiator, said he was not open to a free trade agreement including financial services.