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MercoPress, en Español

Montevideo, July 6th 2026 - 14:58 UTC

Economy

  • 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.

  • Saturday, May 6th 2017 - 08:35 UTC

    Brexit talks would be easier if EC officials “kept their views to themselves”

    ”Well, it’d certainly be easier if EC officials kept their views to themselves and not further complicate what is already going to be a tough negotiation”, said Fallon

    Brexit talks would be easier if European Commission officials “kept their views to themselves”, Sir Michael Fallon has said amid claims that the EU is seeking to bully British voters. Defence Secretary bemoaned “one-sided leaking” from commission officials as he defended Prime Minister Theresa May’s scathing attack on Brussels in the wake of negative press stories about the negotiations on Britain’s exit from the EU.

  • Saturday, May 6th 2017 - 07:50 UTC

    Mercosur resumes trade talks with Australia and New Zealand

    Members of the two delegations at the San Martin Palace

    Mercosur and CER (Closer Economic Relations), with includes Australia and New Zealand, resumed trade talks this week in Buenos Aires, with Argentina currently holding the South American block presidency chairing the meeting.

  • Friday, May 5th 2017 - 10:32 UTC

    Goldman Sachs warns Brexit could stall London's dominant financial position

    Lloyd Blankfein also said that London's position as a dominant financial centre could “backtrack” and “stall” as a result of Britain's divorce from the EU.

    The chief executive of Goldman Sachs has warned that Brexit could see international banks reducing their footprint in Britain, and signaled the US firm has contingency plans in place to move staff out of the UK and into the EU.

  • Friday, May 5th 2017 - 08:30 UTC

    Falklands oil exploration: Maersk denies in Argentine court any involvement since 2011

    “Since 2011 Maersk, and its subsidiaries have not participated in any hydrocarbons exploration or exploitation activities in the Malvinas Islands”, said the release

    Danish shipping company Maersk has denied involvement in any offshore exploration/exploitation activities in the Falkland Islands, since specific legislation was passed by the Argentine congress. The Argentine Chamber of Tugs accused the Danish company of violating legislation referred to oil industry operations in the disputed South Atlantic Islands.