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MercoPress, en Español

Montevideo, August 7th 2025 - 22:00 UTC

Economy

  • Sunday, August 6th 2017 - 11:58 UTC

    US unemployment drops to 4.3%, but hourly earnings remain flat

    President Trump highlighted the solid jobs reports, the same he criticized as fraudulent while campaigning for the White House

    The United States economy added a solid 209,000 jobs in July, exceeding economists’ estimates as the labor market shows few signs of slowing down. The unemployment rate last month fell to 4.3% from 4.4%, the Labor Department reported on Friday.

  • Sunday, August 6th 2017 - 04:53 UTC

    UN, including Beijing., agrees tough sanctions on North Korea banning more than a third of the country's exports

    U.S. Ambassador Nikki Haley praised the new sanctions telling council members it is “the single largest economic package ever leveled against North Korean regime.”

    The United Nations Security Council approved tough new sanctions on North Korea on Saturday including a ban on coal and other exports totaling more than US$1 billion — a huge bite in its total exports, valued at US$3 billion last year. U.S. Ambassador Nikki Haley praised the new sanctions, telling council members after the vote that it is “the single largest economic package ever leveled against the North Korean regime.”

  • Saturday, August 5th 2017 - 08:21 UTC

    Ireland calls for “unique solutions” to preserve UK/EU relations after Brexit

    On his first official visit to Ulster, Varadkar raised the possibility of a bilateral UK/EU customs union; he described Brexit as “the challenge of this generation”.

    Irish Prime Minister Leo Varadkar has called for “unique solutions” to preserve the relationship between the UK and the European Union after Brexit. On his first official visit to Northern Ireland, he raised the possibility of a bilateral UK-EU customs union, and described Brexit as “the challenge of this generation”.

  • Saturday, August 5th 2017 - 07:37 UTC

    The political motive behind football’s biggest transfer

    Neymar’s new club Paris Saint-Germain (PSG) are owned by Qatari Sports Investment (QSI), a closed shareholding organisation founded in 2005

    by Luke Blackstock -The change of employer for 25-year-old, Brazilian footballer Neymar da Silva Santos Jr and a diplomatic crisis halfway around the world apparently have no link. Neymar has become the world’s most expensive footballer after signing for Paris Saint-Germain, and priced away from one of its biggest clubs.

  • Saturday, August 5th 2017 - 06:54 UTC

    Standard Chartered moves European base to Frankfurt because of Brexit

    German's strong credit rating informed the bank's location choice, said chief executive Bill Winters. The bank has about 100 staff in Frankfurt currently.

    Standard Chartered is set to spend about US$20m to turn its Frankfurt office into a European base due to Brexit. The bank plans to create a subsidiary at its German branch to maintain access to the European market after Britain withdraws from the European Union.

  • Friday, August 4th 2017 - 11:27 UTC

    Latam and Caribbean forecasted to expand 1.1%, but South America, 0.6%

    ”Financial policy must target credit stabilization and a monetary policy that supports investment, beyond instruments such as interest rate,” Alicia Bárcena said

    Latin America and Caribbean countries will grow 1.1% on average in 2017 after two consecutive years of contraction, thanks to an international context that shows improved growth expectations despite geopolitical risks, and better prices for the commodities that the region exports, according to a new annual report that ECLAC presented on Thursday in Santiago, Chile.

  • Friday, August 4th 2017 - 08:35 UTC

    Brexit uncertainty pounding the economy says Bank of England governor

    ”It's evident...that uncertainties about the eventual relationship (with EU) are weighing on the decisions of some businesses”, said Mark Carney

    The governor of the Bank of England has warned that uncertainty over Brexit is already weighing on the economy. Mark Carney's comments came as the Bank voted to hold rates and cut growth forecasts. It edged this year's growth forecast down to 1.7% from its previous forecast of 1.9% made in May and also cut the forecast for 2018 from 1.7% to 1.6%.

  • Friday, August 4th 2017 - 08:22 UTC

    Falkland Islands issues four colorful coins featuring King penguins

    The seven-sided coin with a vivid color application features a large, adult male king penguin with his smaller female companion lovingly touching their beaks.

    The government and treasury of the Falkland Islands have issued (24th July) their latest coin in their hugely popular series of four coins highlighting the wonderful world of penguins—a species of bird found in significant numbers in the South Atlantic.

  • Friday, August 4th 2017 - 07:08 UTC

    Venezuela diverting oil to Russia's Rosneft, ignoring contracts in the US

    Venezuela's oil output has declined since 2012 with the fall accelerating this year amid a lack of investment and payment delays to suppliers.

    Venezuela's state-run PDVSA has reduced crude sales to its U.S. refining unit Citgo Petroleum while increasing supply to Russia's Rosneft, following a plan signed in May to catch up on overdue deliveries, according to PDVSA documents, sources from the company and its joint ventures.

  • Thursday, August 3rd 2017 - 23:38 UTC

    Qatar files a complaint to WTO on the trade embargo imposed by Gulf neighbors

    The complaint filed with the WTO includes a request for “formal consultations” between Qatar and its neighbors. (Pic Reuters)

    Qatar has filed a complaint with the World Trade Organization over a trade embargo imposed by its Gulf neighbors. The complaint accuses Saudi Arabia, Bahrain and the United Arab Emirates of violating the trade group's “core laws and conventions on trade of goods and services, and trade-related aspects of intellectual property,” according to a statement from Qatar's ministry of economy and commerce.