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MercoPress, en Español

Montevideo, April 28th 2026 - 05:40 UTC

Economy

  • Monday, July 31st 2017 - 08:06 UTC

    Spanish economy recovering strongly reaches pre-2008 size

    Spain was bailed out in 2012 by the EU at the height of Europe's debt crisis. Its figures were among the strongest of a batch of latest European economic data

    Spain's economy grew by 0.9% in the second quarter thanks to improved exports and household spending. The growth figure, a first estimate from the National Statistics Institute (INE), suggests the country's economy has finally grown back to the size it was before the credit crunch of 2008.

  • Monday, July 31st 2017 - 08:01 UTC

    US economy picking up helped by consumer spending

    President Trump has pledged to pursue policies to boost the US economy, including cutting corporate and individual taxes, but has faced a Washington impasse.

    The United States economy gathered speed in the second quarter of the year, growing at an annualized pace of 2.6%. The pick-up was helped by consumer spending in the quarter expanding at a pace of 2.8%, and businesses stepping up spending on equipment.

  • Saturday, July 29th 2017 - 23:29 UTC

    Brazilian budget remains at record breaking deficit

    To avoid disruptions to air traffic control and policing, Planning Minister Dyogo Oliveira said government would shift funds from investments to essential services.

    Brazil posted another large budget deficit in June, the biggest on record for the month, highlighting the government's uphill battle to meet its budget target amid a slow economic recovery. The monthly primary deficit, before interest rate payments, narrowed in June to 19.552 billion reais (US$6.21 billion) from 30.7 billion in May.

  • Saturday, July 29th 2017 - 13:58 UTC

    Brexit controversy: Ireland against any “economic border” with North Ireland

    “As far as this government is concerned there shouldn't be an economic border. We don't want one,” Prime Minister Varadkar told reporters at a briefing in Dublin.

    Ireland is against the imposition of an “economic border” with Northern Ireland and the Irish government is not going to help Britain design one, Prime Minister Leo Varadkar said on Friday.

  • Saturday, July 29th 2017 - 11:46 UTC

    Post-Brexit trade deals and serious obstacles when it comes to food

    In the US, it is legal to wash chicken carcasses in chlorinated water to kill germs - but this has been banned in the EU since 1997

    As the United Kingdom begins contacts to negotiate new trade deals as it leaves the EU in 2019, food will be one of many areas that will need to be addressed. The ongoing spat over chlorine chicken highlights how tastes and safety practices around the world can differ hugely, since what might seem normal practice in one country can seem problematic elsewhere.

  • Friday, July 28th 2017 - 12:19 UTC

    Air France-KLM buys 31% of Virgin Airlines; Delta retains 49%

    Virgin Group's share will fall from 51% to 20%, while Delta will retain 49%. Sir Richard said he would remain “very much involved” after the deal.

    Air France-KLM is buying almost a third of Virgin Atlantic, leaving Sir Richard Branson's parent company, Virgin Group, with a minority stake in the airline he founded. Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a four-way joint-venture with US partner Delta.

  • Friday, July 28th 2017 - 06:17 UTC

    Falklands' winds and flight delays could reduce attractiveness of additional services

    ”Commercial airlines will have to factor in the possibility of delays and too many documented delays due to rotor winds may not make this an attractive prospect.”

    Too many documented delays to flights might reduce the attractiveness of the Falklands in terms of an airline considering providing an additional service to the Islands, acknowledged Member of Legislative Assembly (MLA) Gavin Short this week.

  • Friday, July 28th 2017 - 06:00 UTC

    Exxon puts Guyana on the world oil map with another major discovery

    The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels

    Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.

  • Thursday, July 27th 2017 - 16:41 UTC

    Trump's economic advisor Gary Cohn considered as possible next Fed chair

    Cohn, a former Goldman Sachs president and Yellen current Fed Chair

    United States President Donald Trump named two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump's economic adviser Gary Cohn, according to an interview with The Wall Street Journal.

  • Thursday, July 27th 2017 - 16:34 UTC

    Fed leaves rate unchanged but will begin selling assets “relatively soon”

    Janet Yellen, chair of the Federal Reserve

    Leaders of the U.S. central bank said Wednesday that they were holding their benchmark lending rate at a low level — in a range between 1 and 1.25% — for the time being. Federal Reserve officials said in a report issued after their two-day policy meeting that the world's largest economy was growing at a “moderate” pace and the job market was improving, but that inflation remained a bit low.