Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, July 6th 2026 - 12:16 UTC

Economy

  • Wednesday, July 5th 2017 - 07:30 UTC

    Britain's growth prospects downgraded because of “newly created uncertainty”

    The 2018 forecast reflects ”newly created political uncertainty”, lower business investment because of Brexit and weaker consumer spending.

    Economists have downgraded Britain’s growth prospects in the wake of political uncertainty following the general election and as a prolonged Brexit drag on business investment looms. New forecasts by the Centre for Economics and Business Research (Cebr) show that the UK economy will grow by just 1.3% in 2017, a substantial downward revision from an earlier forecast of 1.7%.

  • Wednesday, July 5th 2017 - 03:31 UTC

    Brazil records brand new car sales recovery in first half of 2017

    Brazil has been a traditional top-10 global market for cars.

    The sale of brand new cars in Mercosur giant Brazil went up 3.65 percent in the first half of 2017 compared to the same period of 2016 and crossing the psychologically significant 1-million-unit mark, according to auto industry sources. Brazil has been a traditional top-10 global market for cars.

  • Wednesday, July 5th 2017 - 02:29 UTC

    Tabaré Vázquez concerned about Mercosur's political volatility

    Vázquez said the EU agreement should top the agenda during Mercosur's next summit.

    Uruguayan President Tabaré Vázquez Tuesday said that there are many internal problems in the countries that make up Mercosur, but that he was also “confident” that the main achievement this year will be the free trade agreement with the European Union.

  • Wednesday, July 5th 2017 - 01:34 UTC

    Tobacco 2017 harvest a boost for Cuban economy

    A successful tobacco harvest, yet below early estimates.

    Cuba's economy is to receive a significant boost from one of its main industries, as tobacco leaf production reached 19,000 tonnes this year, the best harvest of the last decade, it was announced Tuesday in Havana. The figure represents success, but it is still far below the 30,000 tonnes from early estimates.

  • Wednesday, July 5th 2017 - 01:15 UTC

    Macri tries to calm down Argentines as US dollar goes up

    Macri also said that fluctuations in the exchange rate are part of the ”supply and demand flows.

    Argentine President Mauricio Macri Tuesday said Argentines should “not worry about the dollar,” as the US currency rose 13 cents, closing at AR$ 17.18. It will “benefit regional economies and job creation,” he added during a radio interview.

  • Tuesday, July 4th 2017 - 02:57 UTC

    Announcement in Madrid: EU-Mercosur deal likely by end of year

    “I firmly believe that we can reach a balanced and mutually beneficial agreement...,” Malmström said.

    European Union (EU) Trade Commissioner Cecilia Malmström said Monday in Madrid that the EU bloc “hopes to announce a political agreement for this Christmas in Buenos Aires” with Mercosur “even though technical aspects remain to be discussed.”

  • Monday, July 3rd 2017 - 03:51 UTC

    United Airlines joins list of companies to leave Venezuela

    The captain of United's last flight pulled a Venezuelan flag out of the cockpit window during pushback at Maiquetia airport as workers bid farewell to yet another company.

    United Airlines' last service to Venezuela flew back to the United States last Friday. United thus joins the seemingly endless list of foreign commercial airlines which have followed on the airtrails of Alitalia and left the country due to a state debt to companies that amounts to 3.8 billion dollars, according to airline industry sources.

  • Monday, July 3rd 2017 - 02:08 UTC

    Travel to Argentina up 10% says United Airlines country manager

    Poppe also explained that “the removal of the reciprocity entry tax, which was a barrier for the visitor,” was a decisive factor.

    Interest in Argentina from the United States pushed for an “unusual growth” of 10% in corporate and leisure travel between the two countries, according to United Airlines' Christoff Poppe. It also means more jobs.

  • Saturday, July 1st 2017 - 19:10 UTC

    H & M clothing chain announces Uruguay 2018 landing

    Uruguay will be the sixth market in Latin America for H & M

    The Swedish multinational brand H & M, known for its trendy clothing at affordable prices and which is present in 64 countries with a total of 4.300 stores, Friday announced on its website its plans to open stores in Uruguay and Ukraine by 2018.

  • Saturday, July 1st 2017 - 18:18 UTC

    Cuba, Australia pledge to strengthen economic cooperation

    Foreign Ministers Bruno Rodriguez Parrilla of Cuba and Julie Bishop of Australia at the signing of the new Memorandum on Friday in Havana

    Cuban Foreign Minister Bruno Rodriguez Parrilla and his Australian counterpart, Julie Bishop, Friday signed a memorandum of understanding whereby both countries will strenthen their economic ties.