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MercoPress, en Español

Montevideo, October 23rd 2026 - 09:02 UTC

Economy

  • Thursday, July 6th 2017 - 06:57 UTC

    Brazilian plan to review purchase of Bolivian natural gas

    Petrobras, which financed and built the pipeline on both sides of the border, is allowed to buy up to 30.1 million cubic meters of gas per day

    Petrobras should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study.

  • Thursday, July 6th 2017 - 06:42 UTC

    Petrobras awards pipeline inspection services contract to Fugro and its new vessel

    Built specifically for the Brazilian market by Wilson Sons shipyard in São Paulo, Fugro Aquarius is an 83-m, DP-2 ROV support vessel.

    Netherlands Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.

  • Wednesday, July 5th 2017 - 20:52 UTC

    Brazilian industrial output grows for a second month during May

    Automobile production jumped 9.0%, supported by strong exports that also helped Brazil's trade balance record their two largest monthly surpluses on record

    Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.

  • 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.