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MercoPress, en Español

Montevideo, August 7th 2025 - 19:06 UTC

Economy

  • Thursday, August 3rd 2017 - 23:14 UTC

    Brazilian economy struggling to climb out of deep recession

    Unemployment rate fell to 13% in the second quarter of 2017, reaching the lowest level of the year. The jobless rate was below the previous quarter (13.3%)

    Brazil revealed mixed economic reports: record trade surplus, slight drop in unemployment and a stable industrial output. The July trade surplus was US$6.298, according to government data. Exports totaled US$18.769 billion and imports US$12.471 billion. This follows a surplus of US$7.195 billion in June.

  • Thursday, August 3rd 2017 - 15:38 UTC

    Wall Street breaks the 22.000 mark for the first time

    Analysts said despite the euphoria from the Dow’s fresh record, investors were still watching the US Federal Reserve’s plan to unload its balance sheet

    Asian markets paused for breath Thursday after Wall Street smashed through 22,000 for the first time, with regional traders focused on fresh clues on the health of the US economy. Strong Apple earnings propelled the Dow above the barrier to mark its sixth straight record close — but the tech-heavy Nasdaq closed marginally lower.

  • Thursday, August 3rd 2017 - 08:02 UTC

    Post-Brexit triggers whisky industry controversy in Scotland

    Mundell said that identifying new markets and tackling tariffs, UK government is paving the way for an even brighter future for Scotland's whisky industry.”

    With whisky boosting the UK economy by about £5 billion a year, Scottish Secretary David Mundell said ministers are keen to open up new markets around the world for the iconic drink. He spoke out ahead of a meeting on the island of Islay, in the Hebrides, which is home to several distilleries.

  • Thursday, August 3rd 2017 - 06:50 UTC

    Hammond and Macri agree to expand trade, investment and building closer links

    President Macri and Chancellor at the Olivos residence

    Argentine president Mauricio Macri received on Wednesday Chancellor of the Exchequer Philip Hammond, who had anticipated the purpose of the visit was to deepen UK-Argentine economic partnership and address political issues of common interest, such as the 2018 G20 summit and Argentina's aspiration to join OECD.

  • Wednesday, August 2nd 2017 - 20:33 UTC

    Euro zone unemployment falls to its lowest since February 2009; inflation remains below 2%

    Unemployment fell in all 19 Euro zone member countries except Estonia. The lowest unemployment rates last month were in Germany at 3.8% and Malta, 4.1%

    The unemployment rate in the Euro zone has fallen to its lowest since February 2009, according to the latest official figures. The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May. Separately, inflation remained unchanged in July at 1.3%, according to a preliminary estimate from Eurostat, the European Union's statistics office.

  • Wednesday, August 2nd 2017 - 08:36 UTC

    Lord Hague supports Hammond for pushing for a Brexit transitional deal

    The ex-foreign secretary indicated the Chancellor deserves credit for pushing for a transitional deal which preserves close ties to Brussels

    Philip Hammond has been backed by former Tory leader Lord Hague amid ongoing Cabinet tensions about the approach to Brexit. The ex-foreign secretary said the Chancellor deserves credit for pushing for a transitional deal which preserves close ties to Brussels, giving time for a new trading relationship to be established and avoiding turning Brexit into a “disaster”.

  • Wednesday, August 2nd 2017 - 07:59 UTC

    The Buenos Aires Herald, part of Argentina's history folds after more than 140 years

    “Herald's staff have been informed that the newspaper is closing,” the paper said, along with a photo of the front page of its 140th anniversary edition

    The Buenos Aires Herald, a long established English-language newspaper lauded for its coverage of Argentina's 1976-1983 military dictatorship, will close after more than 140 years of publication, the newspaper said late on Monday.

  • Wednesday, August 2nd 2017 - 07:33 UTC

    Hammond begins round of trade and political talks in Argentina

    Hammond is scheduled to meet ministers of economy, finance, foreign affairs, and with president Mauricio Macri

    The Chancellor of the Exchequer begins on Wednesday a round of trade, investment and political contacts in Argentina, following a two day visit to Brazil, as part of a tour of South America's biggest economy. It will be the most important visit of a British cabinet minister in over sixteen years to Argentina.

  • Tuesday, August 1st 2017 - 21:39 UTC

    The United Kingdom Needs More Europe, Not Less

    Mike Gapes Labour MP

    By Mike Gapes (*) For the future security and stability of our country, our continent and the world this is the worst possible moment for the UK to be leaving the European Union. Unfortunately, we are planning to leave our European partners at a time when there is going to be less and less agreement amongst the most important countries about how to deal with current and emerging global problems.

  • Tuesday, August 1st 2017 - 18:39 UTC

    EU Banking and Medicine authorities moving out of UK

    The Irish government is marketing Dublin, with a brochure that highlights the city's business culture as well as “beaches and mountains on its doorstep”.

    An estimated twenty European Union countries are expected to submit bids to provide a new home for two agencies that will be relocated from the UK after Brexit. The European Banking Authority (EBA) and European Medicines Agency (EMA), based in Canary Wharf in London, employ just over 1,000 staff between them.