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MercoPress, en Español

Montevideo, January 30th 2026 - 03:20 UTC

Economy

  • Friday, February 23rd 2018 - 07:49 UTC

    Falklands: Second flight statement meets approval and dismay

    Sally Ellis, said the tourism industry was “totally supportive” of any progress being made towards increasing air access to the Falklands, particularly in summer

    A statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released last week by the Falkland Islands Government, but too late for publication in the Penguin News, has met with a mixed reception in the Islands. While some have expressed favor others have reservations and questions as witnessed by readers’ letters in this Friday edition.

  • Friday, February 23rd 2018 - 06:56 UTC

    Falklands/Uruguay strengthening of links is of interest to visiting diplomats

    British ambassador in Uruguay, Ian Duddy in the Falklands during a visit to one of the rookeries (Pic Twitter)

    Two British diplomats based in Latin America were visiting the Falklands this week, arriving on Sunday on the delayed LATAM flight after enjoying an unexpected one-night stopover in Punta Arenas. Making his second visit to the Falklands was His Excellency Ian Duddy, British Ambassador to Uruguay. He was accompanied by Richard Jones, Second Secretary at the British Embassy in Buenos Aires.

  • Thursday, February 22nd 2018 - 09:41 UTC

    Argentine union leader Moyano remembers Macri where the real opposition stands

    Organizers estimated that the rally attracted some 300.000 peaceful self regulated protestors mostly arrived in hundreds of buses contracted by teamsters

    Argentina's teamsters powerful boss, Hugo Moyano supported by members from banks, judicial and teachers unions, plus social, picketers and left wing groupings, together with Kirchner followers marched on downtown Buenos Aires Wednesday evening for a huge rally to protest President Mauricio Macri's economic policies and attempts to reform labor legislation.

  • Thursday, February 22nd 2018 - 09:20 UTC

    US share of global sales of soybean and grains to shrink as South American competition grows

    However US market share will fall below 30% by 2027 due to competition from Brazil, Argentina and Ukraine.

    The U.S. Department of Agriculture sees U.S. corn and soybean exports generally increasing over the coming decade but the U.S. share of global sales will shrink as competition from South American producers heats up, the government said in its annual report.

  • Thursday, February 22nd 2018 - 09:07 UTC

    Fed more positive on economic outlook ...and more rate hikes expected in 2018

    In January, the Fed left the rate unchanged at a range of 1.25% to 1.5%, and said inflation was expected to “move up” this year and stabilize around the 2% target

    United States Federal Reserve officials grew more positive on the economic outlook, citing “substantial underlying economic momentum,” and were increasingly optimistic about achieving their inflation target, according to minutes of last month’s policy meeting.

  • Wednesday, February 21st 2018 - 09:19 UTC

    Brexit strategy suggestion to Theresa May from 62 Conservative MPs

    Mrs May and the government have been under pressure to spell out in detail what they want the UK's future partnership with the EU to look like.

    More than 60 Conservative MPs have signed a letter to Theresa May making a series of “suggestions” about the government's Brexit strategy. The letter from the European Research Group says the UK should be free to negotiate and sign trade deals with other countries as soon as it leaves.

  • Wednesday, February 21st 2018 - 08:53 UTC

    Illinois farm industry concerned with main competitors Argentina and Brazilian growth

    Argentina and Brazil are working to make sure there were no artificial trade barriers in European and Asian markets, and other bio-fuel initiatives

    A market study tour in January to Argentina and Brazil by the US state of Illinois Farm Bureau helped farm bureau leaders and Illinois farmers learn more about their chief competitors. Tamara Nelsen, senior director of commodities at the Illinois Farm Bureau, said the original plan to go to Canada and Mexico was scrapped due to anti-trade rhetoric, which led experts to point them to South America.

  • Wednesday, February 21st 2018 - 07:19 UTC

    Switzerland interested in a trade deal with Mercosur despite its own farmers

    “A free trade agreement without the agricultural sector is not thinkable,” Schneider-Ammann told a press conference on Tuesday.

    Swiss Economic Affairs Minister Johann Schneider-Ammann wants to speed up a free trade agreement between Switzerland and Mercosur, but there is concern in the agricultural sector, according to the country's media.

  • Wednesday, February 21st 2018 - 01:26 UTC

    Petro, the Venezuelan cryptocurrency is online

    The initiative promoted by the government of Nicolás Maduro responds to individual sanctions by the international community against government officials.

    The pre-sale of Petro began early on Tuesday, the cryptocurrency proposed by the Venezuelan government in recent weeks and backed by the country's natural resources. According to experts, it is “ridiculous”, arguing that the creation of a new currency would aggravate the economic crisis in the Caribbean country.

  • Tuesday, February 20th 2018 - 10:18 UTC

    Vazquez in verbal clash with dissident farmers and loses his temper

    President Vazquez is hounded by dissident farmers complaining for not having been invited to the first round of talks with government officials (Pic El Observa)

    Uruguayan farmers are angry, and so is president Tabare Vazquez who was involved in a high tone incident, far removed from what is his normal style of an oncologist having to communicate bad news. On Monday afternoon Vazquez unexpectedly attended the first round of talks between disenchanted farmers’ lobbies with government officials to discuss a raft of measures to overcome some of the long standing complaints.