Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, October 20th 2026 - 04:43 UTC

Economy

  • Monday, April 16th 2018 - 02:10 UTC

    The Economist on Uruguay: some serious shortfalls

    Economist Carlos Steneri,

    The Economist recently published an extremely laudatory article on the performance of the Uruguayan economy in the last fifteen years, much of which can be supported but even more needs to be rectified, quite a surprise coming from a publication known for its research rigor. The piece was titled “Uruguay’s record-setting economic growth streak; How a small country outperforms its neighbors” and was published in the March 28th edition.

  • Friday, April 13th 2018 - 09:03 UTC

    Falklands tourism operators agree 2017/18 was a successful cruise season

    The Falklands' season ended on April 7 with total visitor arrivals for the season at 57,496. Visitors arriving on expedition ships totaled 13,686, up 17%

    Visitor arrivals to the Falkland Islands were up 3.1% compared to the previous tourist season, confirmed Executive Director of the Tourist Board Stephanie Middleton to Penguin News. The Falklands' season ended on April 7 with total visitor arrivals for the season at 57,496. Ms Middleton outlined how, as with last season, it was the expedition vessels that mainly contributed to the hike in numbers.

  • Thursday, April 12th 2018 - 08:59 UTC

    Argentina central bank keeps benchmark interest rate at 27.75%

    The bank said it did not expect significant depreciation of the Peso in coming months, after it sold over US$2 billion in reserves this year to halt the peso’s slide.

    Argentina’s central bank held its benchmark interest rate at 27.25% this week, the monetary authority said in a statement, noting that high-frequency indicators suggested core inflation would remain high in April, but below March’s levels.

  • Thursday, April 12th 2018 - 08:56 UTC

    Moody's raises Brazil's sovereign rating from negative to stable

    “Moody's expects the incoming administration to resume efforts to approve further reforms that will be needed, in particular to social security”

    Credit rating agency Moody's this week raised the outlook of Brazil's sovereign rating from negative to stable.

  • Thursday, April 12th 2018 - 08:42 UTC

    Global shipping industry discussing in London a cap to emissions

    The industry has proposed that IMO members agree to cap emissions at 2008 levels, while some countries do not want any curbs, suggesting it would harm global trade.

    Countries are meeting in an attempt to agree cuts to greenhouse gases from the global shipping industry, amid pressure on the sector to help tackle climate change. Shipping, like aviation, is not directly included in the Paris Agreement, the international deal on global warming which was secured in the French capital in 2015 and commits countries to avoiding “dangerous” climate change.

  • Thursday, April 12th 2018 - 07:32 UTC

    UK Chief Secretary in Brazil to build relationships and promote investments

    Chief Secretary to the Treasury, Elizabeth Truss said: “This year we have seen record investment in the UK and rising exports to destinations around the globe” (Pic Twitter)

    UK Chief Secretary Elizabeth Truss is this week visiting Brasilia and Sao Paulo for bilateral meetings with authorities and will follow-up on the second UK-Brazil Economic and Financial Dialogue (EFD), particularly on infrastructure. Latest figures show that bilateral trade between UK and Brazil is worth £5.4 billion a year.

  • Thursday, April 12th 2018 - 07:28 UTC

    Brazil confirms austerity policy with the new team economic team

    Eduardo Guardia is the new Finance minister, replacing Henrique Meirelles, who has presidential aspirations

    Brazilian President Michel Temer has officially nominated eleven new ministers, the government's official bulletin said, giving continuity to the government's reform program ahead of the general elections in October.

  • Thursday, April 12th 2018 - 07:20 UTC

    EC president furious with Brexit: “only a united Europe can be a sovereign Europe”

    “I don’t like Brexit”, said Donald Tusk, “actually, I believe Brexit is one of the saddest moments in twenty first-century European history.”

    European Council President Donald Tusk has said Brexit makes him furious, and called on Europe to unite during a speech in Dublin. The statesman warned it would take very little time to demolish the structures of peace and unity built up in the continent.

  • Wednesday, April 11th 2018 - 18:35 UTC

    Argentina imports 120.000 tons of soy-beans from United States

    The USDA in its daily export sale reporting system said 120,000 tons of U.S. soybeans were sold to Argentina for delivery during the 2018-19 marketing season

    Argentina, the world’s third biggest soy producer, booked its largest purchase of U.S. soybeans in 20 years on Tuesday after drought cut its harvest, forcing crushers there to turn to imports. The surprise move pushed Chicago soybean futures to a one-month high, in the latest development to upend global soy trading after top buyer China last week proposed tariffs on U.S. imports amid an intensifying Washington-Beijing trade dispute.

  • Wednesday, April 11th 2018 - 09:39 UTC

    Falklands' meat company enters contract to supply defense facilities at MPC/MPA

    The contract is for five years, delivering beef, lamb and mutton to the MOD’s and Ecolog’s exacting standards of price, availability and - of course - quality.

    The Falkland Islands Meat Company - FIMCo - has entered into a supply contract with Ecolog – a key provider for UK Ministry of Defense facilities at MPC/MPA, to provide their high-quality Falkland Islands meats. The contract is for five years, delivering beef, lamb and mutton to the MOD’s and Ecolog’s exacting standards of price, availability and - of course - quality.