Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, August 5th 2025 - 00:19 UTC

Economy

  • Thursday, May 11th 2017 - 12:25 UTC

    Australian conservative government to raise taxes on five biggest banks

    Morrison said $6.2bn would be raised over four years by the new levy on big five: ANZ Bank, Westpac, National Australia Bank, Commonwealth, and Macquarie.

    Australian Treasurer Scott Morrison has unveiled a new budget which includes a surprise rise in taxation for the country's five biggest banks from July. Morrison also announced education savings which will see students pay a greater share of the cost of degrees, while infrastructure projects, health and housing affordability were also high on the government's agenda.

  • Thursday, May 11th 2017 - 12:07 UTC

    Argentina's 12-month inflation through April was 27.5%

    Clothing prices rose 5.1% in April, while housing and basic services were up 4.6%, Indec said. Consumer prices rose 9.1% overall in the first four months of the year.

    Argentina's statistics agency Indec, said on Wednesday 12-month inflation through April was 27.5%, the first time it has published 12-month inflation since President Mauricio Macri took office in December 2015 and revamped data calculations. Indec said April inflation was 2.6%, above median analyst expectations for a consumer price increase of 2.1 percent.

  • Wednesday, May 10th 2017 - 08:23 UTC

    Falklands fisheries: Galicia fleet analyzes impact of Brexit

    The Galicia fleet was the first to approach the Falklands and offer a fair deal

    The future of Galician fishing after “Brexit” could generate “very harmful” measures in the field of fish imports from a fisheries that is as wealthy and important for the Galician fleet as that of the Falkland Islands.

  • Wednesday, May 10th 2017 - 06:59 UTC

    “Chile effect” has Argentines flocking to Santiago to take advantage of lower prices

    “Sales in April dropped 4.8% compared to a year ago, confirming the falling tendency of the past sixteen months” reported Mendoza's Economic Federation

    This austral 2016/17 summer, Uruguay, Brazil, Paraguay and Chile, reported excellent tourist seasons, in some cases record, as tens of thousands of Argentines flocked to beaches distant from the stressful climate of the country now ruled by president Mauricio Macri. But it was not only relief and leisure that attracted so many Argentines.

  • Wednesday, May 10th 2017 - 05:39 UTC

    Galicia will receive Euro 100 million to promote the seafood canning industry

    Nunez Feijoo said that the sector will receive an endorsement of EUR 100 million, with funds provided by the European Union, Madrid and the Galician government

    The president of the Government of the Spanish region of Galicia, Alberto Núñez Feijoo, announced a strategic plan for the canning industry that will consolidate the sector in the gourmet markets and maintain Galicia as world leader in the field.

  • Tuesday, May 9th 2017 - 07:57 UTC

    Macri receives Italian president to boost “unique” links and EU/Mercosur talks

    “The visit of president Mattarella is evidence of the affection of Italy towards Argentina but also of trust in the process that was started in 2015”, Macri said

    President Mauricio Macri met on Monday midday with his Italian counterpart, Sergio Mattarella, who is in Buenos Aires on the first official visit by an Italian president to Argentina in 16 years. The two leaders underlined the unique links between Italy and Argentina and announced the re-launching of diplomatic and trade relations.

  • Tuesday, May 9th 2017 - 07:04 UTC

    Mercosur and Japan resume talks on trade and investment opportunities

    Ambassador Raimondi emphasized Mercosur renewed policy of increasing contacts both overseas and regionally to advance integration

    Mercosur and Japan resumed trade negotiations and exchanged data on the state of their respective agendas regarding the IV chapter of the bilateral dialogue. and reaffirmed their commitment to continue with the talks. The delegations met in Buenos Aires at the foreign ministry, chaired by Argentina which currently holds the pro tempore chair of Mercosur.

  • Monday, May 8th 2017 - 22:00 UTC

    Chinese conglomerate becomes the major shareholder of Deutsche Bank

    Deutsche Bank has been looking to raise funds after incurring major losses due to legal probes and misconduct charges.

    Chinese conglomerate HNA has overtaken Blackrock to become Deutsche Bank's biggest shareholder after increasing its stake in the firm to nearly 10%. HNA became a major shareholder in Europe's largest investment bank after acquiring a 4.8% stake in March.

  • Monday, May 8th 2017 - 21:57 UTC

    Brazilian economy expected to begin takeoff in the first quarter

    Meirelles said the reform of Brazil's costly social security system, the main cause of a gaping budget deficit, is crucial to restore growth and create jobs

    Brazil's economy will post growth of between 0.7% and 0.8% in the first quarter, turning the corner on a two-year recession, Finance Minister Henrique Meirelles said this week. In an interview with GloboNews cable channel, Meirelles said Brazilian companies will have to start to restock inventories and draw up investment plans.

  • Monday, May 8th 2017 - 05:45 UTC

    Strong reaction from the Euro; sigh of relief from investors

    Macron has proposed a range of policies combining budget cuts and more labor market flexibility, with public investment and an extension of the welfare state.

    The Euro has risen after pro-EU Emmanuel Macron won France's presidential vote by a large margin. The single currency strengthened 0.2% against the dollar as investors were reassured over the future stability of the European project. Macron has proposed cutting corporation tax and changes to the labour market.