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MercoPress, en Español

Montevideo, August 8th 2025 - 05:32 UTC

Economy

  • Saturday, October 7th 2017 - 08:15 UTC

    Madrid decree makes it easier for companies to move location out of Catalonia

    Economy Minister Luis de Guindos said: “This is the result of an irresponsible policy that is causing uneasiness in the business community.”

    Spain’s government has approved a decree that would make it easier for companies in Catalonia to move the location of their official registration out of the region. The move will allow the relocation of Caixabank, Spain’s third largest bank by assets, before next week, when separatist authorities in Catalonia want to declare independence.

  • Saturday, October 7th 2017 - 06:47 UTC

    China's National Golden Week holiday becoming a jackpot for London

    Chinese tourism to UK across the board is ballooning. VisitBritain, UK's official tourism board reported bookings from China to U.K. are up 10% year-on-year.

    A week-long national holiday in China is providing a much-needed boost for the entertainment and retail industry in London, with Chinese tourists taking advantage of the dip in exchange rates. China's National Day Golden Week holiday is arguably one of the biggest events in the consumer calendar.

  • Friday, October 6th 2017 - 20:21 UTC

    Falklands shares concerns on high seas catches as a challenge to stock assessment

    Scientist Arkhipkin said that in areas where no regional fisheries management exists, it offers limited info on number of fishing vessels as well as on the amount of catch

    Fishing on the high seas (*) can present a serious problem for fisheries management, but the Falkland Islands Senior Fisheries Scientist Alexander (Sasha) Arkhipkin has been making a heavy contribution to international collaborations to attempt to deal with some of that impact.

  • Friday, October 6th 2017 - 08:13 UTC

    German Industries tells members to prepare “for a very hard Brexit”

    A hard Brexit implies the UK failing to reach a trade deal with the EU, something some UK business lobby groups argue will be highly damaging for the economy.

    German companies with a presence in the UK should be planning for a “very hard Brexit”, Germany's biggest industry body has warned. German industry looked “with concern” at the progress of the Brexit talks, said the boss of the Federation of German Industries (BDI), Joachim Lang. Britain “is lacking a clear concept despite talking a lot,” he added.

  • Friday, October 6th 2017 - 07:57 UTC

    Top Spanish bank moving out of Catalonia because of independence scare

    Shares in Sabadell, the second-biggest bank in Catalonia and the fifth largest in Spain, have fallen 10% this week as the political crisis in Catalonia deepened.

    Sabadell, the Barcelona-based bank, said it will move its legal base out of Catalonia following threats by the region's leaders to declare independence. Spain's fifth-biggest bank said it would start the process on Friday to move its legal domicile to Alicante. Its headquarters and employees will remain in Barcelona.

  • Friday, October 6th 2017 - 07:46 UTC

    Sterling down on uncertainty about Theresa May's future as prime minister

    The pound fell 0.9% against the greenback at $1.3127 and declined 0.45% against the euro to €1.1217.

    Uncertainty over Theresa May's future as prime minister helped send sterling down nearly 1% against the dollar on Thursday. The pound fell 0.9% against the greenback at $1.3127 and declined 0.45% against the euro to €1.1217. The fall reflected concern about the Conservative Party leadership following Mrs. May speech on Wednesday.

  • Friday, October 6th 2017 - 07:27 UTC

    Falklands' considering investigation of Stanley Airport future development options

    The paper recommends development options be based on attracting the regular South America based air ambulance providers, Aerocardal (Gulfstream G150)

    The Falkland Islands' Executive Council has considered a proposal to investigate the future development options for Stanley Airport. A paper put to ExCo by the General Manager Aviation Services and Director of Civil Aviation was described as not a comprehensive review of all the options, but gives approval for the Chief Executive to develop clear terms of reference for a study which can define the realistic potential usage options for Stanley Airport.

  • Thursday, October 5th 2017 - 10:07 UTC

    Bank of England's countdown for a Brexit transition deal: Christmas

    If no deal is reached, banks will begin a potentially disorderly shift of operations overseas, warned BoE Deputy governor Sam Woods (Pic FT)

    United Kingdom and Europe must agree on a Brexit transition deal by Christmas or risk banks triggering their contingency plans, the Bank of England has warned. Deputy governor Sam Woods said that while the UK is committed to a implementation period, the EU's position “is not yet clear”.

  • Thursday, October 5th 2017 - 09:31 UTC

    Brexit will hit Britain’s overseas territories hard – why is no one talking about it?

    The Falklands, on the other hand, look like being among the losers, according to Professor Paul Hare, Heriot-Watt University

    When the Brexit referendum result was announced last June, I was working on the Turks and Caicos Islands, one of the UK’s overseas territories in the Caribbean. A collection of about 40 tropical islands, of which eight are inhabited, people there were shocked at the result. They were annoyed they hadn’t had a chance to vote, and concerned about their future.

  • Thursday, October 5th 2017 - 09:23 UTC

    The next big offshore boom is about to happen...in Brazil

    The 287 blocks auctioned are just the first portion of a number of deposits that hold an estimated 10 million barrels of crude in proven reserves.

    By Irina Slav for Oilprice.com - Say what you will about offshore oil and gas exploration, but it's still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.