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MercoPress, en Español

Montevideo, August 4th 2025 - 10:46 UTC

Economy

  • Thursday, March 23rd 2017 - 11:50 UTC

    Massive teachers protest in Buenos Aires challenging austerity measures

    Demonstrators blocked some of the main avenues in Buenos Aires and gathered in front of the presidential palace.

    Tens of thousands of Argentine teachers marched in the capital Buenos Aires on Wednesday as part of a nationwide strike challenging the administration of President Mauricio Macri. Unions for private and public school teachers are demanding a pay increase of 35% to compensate for Argentina's high inflation in consumer prices.

  • Wednesday, March 22nd 2017 - 12:20 UTC

    Relief for Macri: stats confirm the economy is moving out of recession

    President Mauricio Macri's administration is hoping an economic recovery ahead of midterm elections in October can boost flagging approval ratings.

    Argentina's economy exited a prolonged recession in the second half of last year, with government data on Tuesday showing a 0.5% expansion in the fourth quarter of 2016 compared with the third quarter. Indec stats agency also revised its estimate for third-quarter GDP to a 0.1% increase over the second quarter, up from a 0.2% decline previously. Taken together, the data show Argentina's economy grew in the second half after shrinking for three straight quarters.

  • Wednesday, March 22nd 2017 - 12:09 UTC

    Argentine farmers confident they can increase sales 28% to UK in the short term

    SRA president Etchevehere said that Brexit was a great opportunity to strengthen bilateral trade in a “strategic and complementary” form.

    Argentina has the potential to increase food sales to the UK by 28% in the short term, from the current US$ 830 million to US$ 1.060bn, according to the president of the powerful farmers' organization, Argentine Rural Society, Luis Miguel Etchevehere, currently in London with a business mission sponsored by the Argentine foreign ministry, the Argentine-British Chamber of Commerce and the embassy in London.

  • Wednesday, March 22nd 2017 - 12:01 UTC

    Guyana beats exploration/production record: oil extraction expected to begin 2019

    Exxon-Mobil in 2016 announced the successful drilling of a deepwater exploration well, positioning Guyana's seafloor as one of the richest oil discoveries in decades.

    United States oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana, in the north of South America, into a major oil producer. In what industry experts call a rare occurrence in the industry, Exxon Mobil has asked the David Granger administration for a production license to start pumping oil from the country’s seabed, less than five years after it discovered major oil finds.

  • Wednesday, March 22nd 2017 - 11:50 UTC

    Growing concern of Brazil' rotten meat scandal on the Mercosur/EU trade talks

    Agriculture Minister Blairo Maggi said the EU’s agricultural representative had called him by telephone and that they are due to meet to discuss the issue.

    European Union has insisted Brazilian representatives attend an emergency meeting to explain themselves regarding a scandal involving rotten meat and the country’s two largest exporters, JBS and BRF. Brazil has already announced that the 22 plants (out of over 4.000) allegedly involved in the scam have been closed.

  • Wednesday, March 22nd 2017 - 09:32 UTC

    Goldman Sachs moving jobs from London to the European Union

    Gnodde indicated the bank would bolster its presence in other European cities over the next 18 months. Other London banks have already said they would move jobs

    Goldman Sachs will move jobs away from London and bulk up its European presence by “hundreds of people”, a senior executive has said. The US bank's European chief executive, Richard Gnodde, said it would begin the process before the UK leaves the European Union.

  • Tuesday, March 21st 2017 - 10:15 UTC

    China, EU, Korea, Chile suspend beef and poultry imports from Brazil

    A charm offensive by President Temer, who even invited foreign ambassadors to a traditional meat restaurant in Brasilia late Sunday, failed to calm importers.

    The fallout from Brazil's rotten meat scandal accelerated Monday when China, a huge market, suspended imports and the European Union and South Korea demanded a partial ban. Another ban on Brazilian meat imposed by Chile sparked fears of a trade spat between the two South American partners.

  • Tuesday, March 21st 2017 - 07:09 UTC

    UK £1bn export credit for British companies planning to trade with Argentina

    Minister Greg Hands said “Argentina has huge potential to be a modern vibrant economy, which is why we are reintroducing financial support for UK companies”

    The British Government is re-introducing export credit financial support for UK businesses looking to trade with Argentina after an almost 20 year hiatus. The announcement was made in Buenos Aires as part of a visit to South America by International Trade Minister Greg Hands, covering Argentina, Brazil and Peru.

  • Tuesday, March 21st 2017 - 06:55 UTC

    UK will notify withdrawal from EU on 29 March; talks expected to begin in May

    Mrs May will address MPs in a statement to the House of Commons following her regular weekly session of Prime Minister’s Questions on March 29.

    British Prime Minister Theresa May will trigger EU withdrawal talks under Article 50 on March 29, Downing Street has announced. The Prime Minister’s letter officially notifying the European Council of the UK’s intention to quit will set in train a two-year negotiation process expected to lead to Britain leaving the EU on 29 March 2019.

  • Monday, March 20th 2017 - 08:12 UTC

    Brazil desperate to minimize extent of “Weak Flesh”, exposing bribes and poor controls in meat industry

    Ambassadors from EU, US and China were invited to share a barbeque. Temer said his government remained confident about the quality of Brazilian meat.

    Brazil's President Michel Temer has sought to reassure foreign trade partners that the corruption scandal engulfing the country's meat industry does not mean its products are unsafe. Meeting ambassadors from Europe, the United States and China to share a barbeque, Temer said his government remained confident about the quality of Brazilian meat.