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MercoPress, en Español

Montevideo, October 20th 2026 - 07:49 UTC

Economy

  • Saturday, February 17th 2018 - 02:06 UTC

    Falklands' second weekly commercial air link talks take off, and should crystallize by next October

    MLA Dr Barry Elsby said it was a very positive step forward for the Falklands, since “the additional flight will help us to improve our links with the world at large”

    The United Kingdom and Argentina, following on the September 2016 joint communiqué to establish additional air links with the Falkland Islands, jointly announced on Friday that third country airlines interested in such operations will be contacted. It is expected that by the end of February the commercial process will be initiated, led by the Falkland Islands, and sometime next October the new weekly air link, with a monthly call in Argentina, will become operational.

  • Friday, February 16th 2018 - 10:26 UTC

    US rejects merger between Chicago Stock Exchange and Chinese investor group

    US politicians, including President Trump, have said letting a Chinese firm invest in a US exchange was a bad idea.

    The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials. The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC).

  • Friday, February 16th 2018 - 09:53 UTC

    Proposal to give £10,000 per year to every UK citizen under 55

    Scotland is already piloting UBI schemes in Glasgow, Edinburgh, Fife and North Ayrshire.

    The United Kingdom government should give £10,000 per year to every citizen under 55, a report suggests. The Royal Society for the encouragement of the Arts, Manufactrurers and Commerce (RSA) says it could pave the way to everyone getting a basic state wage. The Labour Party has also said it is looking into similar arguments for a Universal Basic Income (UBI).

  • Thursday, February 15th 2018 - 09:45 UTC

    Argentina central bank holds benchmark rate at 27.25%; inflation data on Thursday

    The central bank lowered rates in each of the prior two decisions it had taken since government loosened its 2018 inflation target to 15%, from 8-12% previously

    Argentina’s central bank held its benchmark seven-day interbank lending rate at 27.25% on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and “mixed signals” in prices so far this year.

  • Thursday, February 15th 2018 - 09:37 UTC

    For the first time in seven years, Euro-zone economy grew faster than UK in 2017

    Preliminary growth estimates for the final quarter of 2017 showed the bloc of Euro nations growing at a combined 2.7% over the course of the year

    For the first time in seven years, the Euro-zone's economy grew quicker than the UK's last year, according to data from Eurostat released on Wednesday. The preliminary growth estimates for the final quarter of 2017 showed the bloc of Euro nations growing at a combined 2.7% over the course of the year, having expanded 0.6% in the final quarter alone.

  • Thursday, February 15th 2018 - 09:25 UTC

    US January inflation, highest jump in a year; anxiety over higher borrowing rates

    Another report showed consumers cut back on their retail spending in January,leading some analysts to downgrade their forecasts for economic growth

    Inflation pressures appear to be building in the U.S. economy, a prospect that is heightening anxiety about potentially higher borrowing rates that could slow economic growth. The latest source of concern was a report on Wednesday that showed a key measure of inflation rising in January by the sharpest rate in a year. The increase was led by higher prices for clothing, housing and auto insurance.

  • Wednesday, February 14th 2018 - 19:04 UTC

    Falkland Islands gears up for Illex Season 2018

    John Barton said 105 fishing vessel required licensing for the Illex squid season.

    The Falkland Islands Government are currently going through the annual process of licensing fishing vessels for the Illex squid fishery in their Conservation Zone. Illex are a migratory species of squid, caught in significant quantities in the South-West Atlantic annually. The product is mainly shipped to the Far East where it is consumed.

  • Wednesday, February 14th 2018 - 09:48 UTC

    PDVSA bonds should be traded as in default, recommends EMTA

    The move follows a similar advisory issued by EMTA on sovereign bonds and is likely to extinguish any lingering belief that Caracas might avoid a PDVSA default

    Emerging markets trade group EMTA has recommended that bonds issued by Venezuela’s state-owned oil firm PDVSA should be traded flat or without accrued interest, the way bonds in default are typically traded.

  • Wednesday, February 14th 2018 - 09:10 UTC

    UK January inflation remains at 3%; slower food and raw materials prices

    Inflation was given a steep boost by the UK's vote in 2016 to leave the European Union. It prompted a fall in the pound, making imported goods more expensive.

    United Kingdom inflation remained at 3% in January, the same level as in December, as reported by the Office for National Statistics, ONS. In November it was the six year high of 3.1% and most economists were expecting a small fall in the CPI to 2.9%.

  • Wednesday, February 14th 2018 - 08:34 UTC

    Gatwick/Buenos Aires air shuttle by Norwegian start from £259 one-way

    A new breed of low-cost carriers such as Norwegian, Wow are taking on the old guard such as British Airways and Air France-KLM in the skies above the Atlantic.

    This Wednesday, the first ever budget flight from London to South America departs from Gatwick airport. Fares on the 14-hour Norwegian Air Shuttle flight to Buenos Aires start from £259 one-way. The seats are tightly packed and food and luggage cost extra, but the no-frills model of flying, so well established on short-haul routes, is becoming increasingly common on intercontinental flights.