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MercoPress, en Español

Montevideo, January 31st 2026 - 05:16 UTC

Economy

  • 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.

  • Sunday, May 7th 2017 - 14:54 UTC

    German Swiss spat over spying to catch tax dodgers

    Switzerland objects to the practice of buying data stolen from Swiss banks. The mole allegedly spied inside North Rhine-Westphalia's finance ministry.

    German investigators suspect that a mole spied for Swiss intelligence from inside a government office which was trying to catch German tax dodgers. The allegations are part of the case against an alleged Swiss spy arrested in a Frankfurt hotel on Friday, 29 April, German media report. He is suspected of monitoring German tax investigators.

  • Sunday, May 7th 2017 - 12:34 UTC

    US economy created more jobs in April and is technically in full employment

    An unemployment rate of anything under 5% is considered to indicate full employment. The rate of 4.4% is the lowest since May 2007.

    US jobs growth staged a bigger recovery than expected in April as businesses added 211,000 posts. Figures from the US Department of Labour also showed the unemployment rate dropped slightly to 4.4%, compared with 4.5% in March.

  • Saturday, May 6th 2017 - 11:48 UTC

    Falklands meat export season considered “good”, 626 tons

    Production for the season was 144 tons of lamb and 482 tons of mutton. There had also been a few new customers including the Grand Canaries and Reunion Island.

    More than 40,000 animals were processed during the last Falkland Islands Meat Company season. FIMCO Operations Manager Dave Roberts commented that the 2017 export season began with the staff arriving on January 21. A high percentage of them returned from previous seasons to the Sandy Bay plant.