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MercoPress, en Español

Montevideo, January 31st 2026 - 00:27 UTC

Economy

  • Sunday, June 18th 2017 - 02:34 UTC

    Brazilian President Temer to tour Russia, Norway this week

    “Russia will be number one on the agenda of my tour,” said President Temer

    President Michel Temer of Brazil is to meet his Russian counterpart Vladimir Putin during his Moscow stop this coming week. Among the items to be discussed is the purchase of air defense missile systems. There will also be talks with Russian investors to discuss energy matters.

  • Saturday, June 17th 2017 - 16:26 UTC

    Pence to visit Colombia, Chile, Argentina and Panama in August

    Vice President Pence to tour the Americas as a token of US interest despite budget cuts

    US Vice President Mike Pence announced he will be travelling to Central and South America later this year. During a conference on Prosperity and Security in Central America in Miami it became known that the Vice President will be touring Colombia -Cartagena and Bogota-, Buenos Aires, Santiago de Chile and Panama City on August 13-18.

  • Saturday, June 17th 2017 - 12:41 UTC

    Argentina joins Asian Infrastructure Investment Bank (AIIB)

    The AIIB's funding capabilities is said to be exactly what Argentina and other Latin American countries need.

    In need of further international financial assistance and under pressure after settling a debt crisis, President Mauricio Macri's administration makes yet another move to seek renewed channels for funding.

  • Monday, June 12th 2017 - 11:05 UTC

    IMF sees Brazil and Argentina helping to pull Latin American out of recession

    Policy makers have increased the pace of interest rate cuts for the second time this year amid record-high unemployment and slowing inflation.

    The International Monetary Fund offered an encouraging outlook for Brazil´s growth in 2018 since the intense political uncertainty is yielding, monetary policy easing and progress on the government’s economic reform agenda should help the country pull out of its worst recession in a century.

  • Monday, June 12th 2017 - 01:46 UTC

    The “robot revolution”, angry men, and Great Depression unemployment

    “We wanted people to consider if it is possible to be blessed by a machine, or if a human being is needed,” explained spokesman Stephan Krebs

    By Gwynne Dyer
    Wittenberg is the German city where Martin Luther nailed his 95 theses to the church door 500 years ago and launched the Protestant Reformation. To mark the anniversary, the local Protestant authorities have installed a robot called BlessU-2 to deliver blessings in five languages.

  • Saturday, June 10th 2017 - 10:30 UTC

    Europe “ready” to begin Brexit talks sticking to the time plan, says Angela Merkel

    Mrs. Merkel added she hoped Britain would remain a good partner following the talks, due to begin on 19 June.

    Angela Merkel has said she sees no obstacles in the way of beginning Brexit talks as scheduled after Theresa May failed to win a majority in Thursday's UK election. The German chancellor said she believed Britain would stick to the timetable, adding the European Union was “ready”.

  • Saturday, June 10th 2017 - 09:16 UTC

    Brazil tightens corruption controls on banks and listed companies

    The decree aims to increase fines on banks to up to 2 billion reais (US$610 million) from 250,000 reais currently, said Meirelles ministry's press office. (Pic Folhapress)

    Brazilian presidential decree raising fines on banks and listed companies involved in illicit acts aims to empower the central bank and the country's securities industry watchdog in their efforts to bolster transparency, Finance Minister Henrique Meirelles said in Paris.

  • Friday, June 9th 2017 - 10:58 UTC

    Germany and Argentina pledged to fight protectionism and reach a Mercosur/EU trade deal

    “Germany is seeking allies for the issues that matter to us, just as other countries are seeking allies,” she added later at a news conference alongside Macri.

    Germany and Argentina voiced hopes Thursday for a free trade agreement between the European Union and Mercosur as German Chancellor Angela Merkel visited Buenos Aires. In talks with Argentine President Mauricio Macri, Merkel discussed bilateral commerce and efforts to strike a deal with the Mercosur grouping of South American countries.

  • Thursday, June 8th 2017 - 07:02 UTC

    Santander rescues Banco Popular, which was “failing or likely to fail”

    Buying Banco Popular will cost Santander 7bn euros, around 2bn euros more than analysts had expected.

    Spanish Banco Popular has been rescued from the brink of collapse by larger rival Santander for one Euro. Buying Banco Popular will cost Santander 7bn euros, around 2bn euros more than analysts had expected. Banco Popular was described by the European Central Bank as “failing or likely to fail” due to its dwindling cash reserves.The bank has struggled after billions in property investments turned sour.

  • Wednesday, June 7th 2017 - 08:27 UTC

    Argentina and UK agree to implement the trade and investment March MoU

    Ambassador Sersale di Cerisano, minister Greg Hands and Production minister Francisco Cabrera at the Embassy in London

    Argentina and UK agreed to begin implementing in August/September the trade and investment chapters included in the in Memorandum of Understanding signed last March in Buenos Aires. Argentine Production minister Francisco Cabrera is currently in London for a round of business talks with the private sector but also met Trade and Investment minister Greg Hands to continue advancing with the MoU.