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MercoPress, en Español

Montevideo, August 1st 2025 - 19:33 UTC

Economy

  • Saturday, December 10th 2016 - 09:52 UTC

    House of Lords EU committee to launch inquiry into Brexit implications for Gibraltar

    “Gibraltar is in a unique constitutional position as a British Overseas Territory within the European Union,” the committee said in announcing its inquiry

    The United Kingdom House of Lords EU Select Committee has launched a new short inquiry on the implications of Brexit for Gibraltar. The committee will meet next week and take evidence from Gibraltar Chief Minister Fabian Picardo, Deputy Chief Minister Dr Joseph Garcia and Attorney General Michael Llamas.

  • Friday, December 9th 2016 - 16:30 UTC

    IMF ups forecast for Uruguay's growth in 2016 to 0.7% - In October it had anticipated 0.1%

    Uruguay was doing better than the October figures were telling, according to IMF.

    The International Monetary Fund (IMF) on Thursday raised its forecast for economic growth in Uruguay this year to 0.7%, a substantial increase from the 0.1% estimated in October, and underlined the country's resilience to the problems of its neighbors Argentina and Brazil.

  • Friday, December 9th 2016 - 10:01 UTC

    Brazil and Argentina agree to open Mercosur to the world and expand trade horizons

    “You can't be a member of a club with full rights without complying with obligations”, said Malcorra in reference to Venezuela

    Brazil and Argentina foreign ministers agreed on Thursday in Brasilia that Mercosur must open to the world and expand its trade horizons, but it will have to be done without Venezuela which has been currently “ceased” from the block. Jose Serra and Susana Malcorra coincided that Mercosur must speed the trade agreement with the European Union taking advantage of the fact US elected-president Donald Trump has pledged to limit such treaties.

  • Friday, December 9th 2016 - 09:47 UTC

    UK and Brazil underline significance of bilateral cooperation and initiatives in strategic areas

    Dr Liam Fox and Minister for Industry, Foreign Trade and Services, Marcos Pereira emphasized the importance of current bilateral cooperation<br /> <br /> <br />

    British Secretary of State for International Trade, Dr Liam Fox, and the Brazilian Minister for Industry, Foreign Trade and Services, Marcos Pereira, emphasized the importance of current bilateral cooperation and agreed initiatives on strategic areas to support mutual economic development, during the 9th UK-Brazil Joint Economic and Trade Committee (JETCO) meeting held in Brasília this week.

  • Thursday, December 8th 2016 - 19:01 UTC

    Russia sells 19.5% of Rosneft - ‘biggest privatization deal of 2016,’ says Putin

    Rosneft CEO Igor Sechin reached an agreement with private investors and a Qatari fund to sell 19.5% of shares

    Russian President Vladimir Putin labeled the sale of 19.5% of state-owned oil giant Rosneft's shares to the natural resource trader Glencore International and a Qatari sovereign wealth fund for over $11 billion was “the biggest sale and acquisition in the world’s oil and gas sector in 2016,” the official Kremlin website reported Wednesday.

  • Wednesday, December 7th 2016 - 17:34 UTC

    Uruguay's unemployment drops to 7.1% in October

    Economy Minister Danilo Astori anticipates half-point growth for 2016 as unemployment falls in Uruguay

    Unemployment in Uruguay in October fell to 7.1% and marked the lowest monthly record of the year, according to data published on Tuesday by the National Statistics Institute (INE). In September this index was at 8.4% and a year ago, in October 2015, at 8.5%.

  • Wednesday, December 7th 2016 - 12:16 UTC

    Japanese tech firm meets Trump and pledges to invest US$ 50bn in the US

    Son made the announcement after meeting president-elect Donald Trump in New York. Trump shared the news about the Softbank investment on social media

    Shares of Japanese technology firm Softbank have soared to their highest level in more than one year in Tokyo trade, jumping 5% at the open. That is on news Chief Executive Masayoshi Son said he will invest US$50bn in US businesses. But details are lacking on where the money will go and how it will benefit American businesses.

  • Wednesday, December 7th 2016 - 11:57 UTC

    Supreme Court debates if PM May can use a regal prerogative to implement Brexit

    The most constitutionally significant case for Britain in decades, will determine whether May can use a prerogative once reserved for kings to invoke Article 50

    Four day debate Five months after United Kingdom's referendum to abandon the European Union, the question of who actually gets to pull the trigger on Brexit remains a muddle. Prime Minister Theresa May says she does. A high-level British court argued otherwise last month, ruling that Parliament must have a say. Now it’s up to the U.K. Supreme Court, which this week began hearing arguments in a case that could complicate May’s plan to set in motion Britain’s exit by the end of March.

  • Tuesday, December 6th 2016 - 11:28 UTC

    LATAM Airlines to launch its longest nonstop flight ever between Santiago and Melbourne

    The nonstop`flight will take 15 hours approximately

    LATAM Airlines Group today announced it will operate a new, non-stop service between Santiago and Melbourne, Australia, from 5 October 2017. The westbound Santiago-Melbourne leg – measuring more than 11,000 km in distance with a flight time of approximately 15 hours – will become the longest non-stop flight in LATAM´s history.

  • Tuesday, December 6th 2016 - 09:15 UTC

    Renzi told to remain until budget law is passed; calls for quick elections in Italy

    In a decision widely expected, president Sergio Mattarella told Renzi ”to delay his resignation until that task (of the budget law) is completed.”

    Calls mounted on Monday from populist and other opposition leaders for quick elections in Italy, seeking to capitalize on Premier Matteo Renzi's humiliating defeat in a referendum on government-championed reforms. But President Sergio Mattarella told Renzi to stay in office a bit longer until a critical budget law is passed. Some officials say Parliament could pass that law as soon as the end of the week.