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MercoPress, en Español

Montevideo, August 2nd 2025 - 19:35 UTC

Economy

  • Friday, January 13th 2017 - 11:19 UTC

    Petrobras pre-salt oil production set a new record in 2016

    Total production of the company in the country reached 2.63 million barrels of oil equivalent per day, 1% above 2015’s results, which also set a new record

    Petrobras’ average oil production in Brazil in 2016 went up 0.75% in comparison to the previous year and reached 2,144,256 barrels per day. According to the company, the result was in line with the established target of 2.145 million and represents an annual all-time high.

  • Friday, January 13th 2017 - 11:04 UTC

    Argentina announces ambitious financial program; road show begins Monday in London

    Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper, announced minister Caputo.

    Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.

  • Thursday, January 12th 2017 - 11:05 UTC

    Brazil inflation at its lowest in years ends 2016 within the official target range

    During most of 2016, the central bank had been widely expected to miss its target for the second year in a row.

    Brazil's inflation finished 2016 within the official target range, government data showed on Wednesday. Consumer prices rose 6.29% last year slowing from an increase of 10.67% in 2015 and below the 6.5% ceiling of the official goal.

  • Thursday, January 12th 2017 - 08:53 UTC

    Brexit uncertainty could lead to an exodus of 232.000 jobs from Britain, warns LSE

    Speaking to MPs on the Treasury Select Committee, Mr Rolet said the jobs figure came from a report produced by professional services firm EY for the LSE

    UK’s powerhouse financial sector would face heightened risk and an exodus of 232,000 jobs without certainty over Britain’s Brexit deal, MPs in the House of Commons have heard. Xavier Rolet, chief executive of the London Stock Exchange Group (LSE), said two thirds of the job losses would be felt outside Greater London, with the blow coming as soon as the euro clearing operation leaves Britain’s shores.

  • Wednesday, January 11th 2017 - 08:29 UTC

    Macri announces program to boost development of Vaca Muerta shale formation

    YPF, BP-controlled Pan American Energy, France's Total, Shell, Chevron and US Dow, pledged to invest a combined US$5bn this year in Vaca Muerta

    Argentina's government has agreed to extend a natural gas wellhead price subsidy until 2020 and reduce labor costs in a bid to jumpstart investment in the Vaca Muerta shale formation. The agreement, reached between the national government, the provincial government of Neuquen, industry and labor unions, comes at a time of lackluster upstream activity, reflecting an uncertain price environment and cost concerns.

  • Wednesday, January 11th 2017 - 07:32 UTC

    Pound continued to slump on Tuesday; Dollar recoups waiting for Trump's media conference

    The pound continues to probe the downside as PM Theresa May's plans for Brexit come under increasing scrutiny.

    The British Pound slumped lower on ongoing Brexit worries on Tuesday, while the US Dollar recouped some of its recent losses as investors wait for President-elect Donald Trump's first press conference Wednesday. While Trump's Twitter account has been active since he won the keys to the White House and given clues to his policies, Wednesday's press conference will give Trump the platform to explain his tax and spending plans.

  • Wednesday, January 11th 2017 - 07:19 UTC

    The German Lady replies to PM May: “no negotiations based on cherry picking”

    Merkel repeated that there must be no negotiations based on “cherry picking” of the Union’s four freedoms of movement for capital, goods, services and people.

    German Chancellor Angela Merkel has stepped up pressure on Theresa May over Brexit by saying that the European Union must consider limiting UK access to the single market if it fails to accept free movement of EU citizens. The chancellor repeated her mantra that there must be no negotiations based on “cherry picking” of the Union’s four freedoms of movement for capital, goods, services and people.

  • Tuesday, January 10th 2017 - 17:34 UTC

    Morgan Stanley anticipates a 133%/258% stock market return in Argentina in five years

    While a 258% return on Argentine stock investments is the best-case scenario, the investment bank Morgan Stanley said a 133% return is the most likely.

    Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients.

  • Tuesday, January 10th 2017 - 09:20 UTC

    UK trade-hopeful following talks with top Republican congress leaders

    “We hear we are first in line to do a great free trade deal with the United States. So, it's going to be a very exciting year for both our countries,” said Johnson.

    Britain will be in the “front seat” to negotiate a new trade deal with the incoming Trump administration, a top Republican in the US Senate has said. A US-UK trade deal would be a priority, Senate Foreign Relations Committee chairman Bob Corker said after meeting Foreign Secretary Boris Johnson.

  • Monday, January 9th 2017 - 11:14 UTC

    Scotland links Brexit negotiations to a second independence referendum

    Ms Sturgeon has said she wants the UK to retain membership of the European single market, the so-called soft Brexit option.

    Scotland's First Minister Nicola Sturgeon has warned Prime Minister Theresa May that she is not “bluffing” on the promise of a second independence referendum if Scotland is “driven off a hard Brexit cliff”. In an interview with BBC's Andrew Marr she felt the prime minister had “no plan” in terms of her strategy for the UK leaving the EU.