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MercoPress, en Español

Montevideo, January 31st 2026 - 09:34 UTC

Economy

  • Wednesday, March 1st 2017 - 16:56 UTC

    Resource-rich Australia has reached a 25-year streak without recession

    Australia has not seen a recession - defined as two consecutive quarters of negative growth - since June 1991. (Pic CNN)

    Australia's economy has jumped sharply in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth.

  • Wednesday, March 1st 2017 - 16:34 UTC

    UK government could face defeat on the Brexit bill in the House of Lords

    Home Secretary Amber Rudd had sought to reassure members that EU nationals' status would be a priority once Brexit talks begin.

    The government of Prime Minister Theresa May is facing a first defeat for its Brexit bill in the House of Lords later. Peers are expected to agree to amend the draft legislation to protect the rights of EU citizens living in the UK.Home Secretary Amber Rudd had sought to reassure members that EU nationals' status would be a priority once Brexit talks begin.

  • Tuesday, February 28th 2017 - 18:18 UTC

    Brazil manufacturers set up “maquila” assembly plants in neighboring Paraguay

    Dark-blue electric scooters assembled by 20 workers at the Estrela factory, known as a “maquila”, will be shipped across the Paraguay border to Brazil

    When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank US$ 2 million into a new factory not in its native Brazil - the region's largest economy - but in its tiny southern neighbor Paraguay. The plant, which opened this month in the border town of Hernandarias, stands near a 4,500-hectare industrial park filled with Brazilian companies making everything from auto parts to clothing.

  • Sunday, February 26th 2017 - 11:29 UTC

    Argentine economy finally seems to have began a rebound

    Last year was difficult as President Macri enacted a number of market-friendly reforms aimed at liberalizing the economy, which in the short-term led to rampant inflation.

    Argentina's economic activity rose 1.6% in December compared with the previous month, government data showed, a sign the economy likely expanded in the fourth quarter after a long recession. The economy fell 0.1% in December year over year and closed 2016 down 2.3% compared with 2015.

  • Saturday, February 25th 2017 - 10:32 UTC

    EC president Juncker remembers UK's Brexit includes a “very salty” exit bill

    “Our British friends need to know – and they know it already – that it will not be cut-price or zero-cost,” said the Commission president Juncker.

    A future relationship between Britain and the European Union will take years to negotiate and the UK can expect a hefty bill as the price of exit, European Commission president Jean-Claude Juncker has warned. Mr. Juncker said Britain must understand that it will not be able to negotiate a “cut-price or zero-cost” exit from the EU, but will have to settle the bill for commitments which it entered into as a member.

  • Saturday, February 25th 2017 - 07:16 UTC

    Argentina's squid and Patagonian grenadier research cruise in the South Atlantic

    Argentina's “Dr. Eduardo L. Holmberg” research vessel left for a second cruise

    Argentina's “Dr. Eduardo L. Holmberg” research vessel left for a second cruise of tooth fish, pollock, Patagonian grenadier and squid assessment. The cruise is expected to last thirty days and will be operating between 45o and 54o30' South and catching samples at depth ranging from 50 to 400 meters.

  • Friday, February 24th 2017 - 18:55 UTC

    Brazil central bank cuts interest rate hoping to overcome recession

    It was the fourth such cut in a row by the Central Bank, as Brazil's inflation falls but the economy shows few signs of recovering soon from two years of decline.

    Brazil cut its key interest rate further on Wednesday to try to prop Latin America's biggest economy out of its worst recession in a century. The country's central bank cut the benchmark rate by 0.75 percentage points to 12.25%, still one of the worlds highest.

  • Friday, February 24th 2017 - 15:51 UTC

    Falklands and Brexit, subjects raised by visiting MPs to the Islands

    MP's Wes Streeting, KarinSmyth, Alan Mak and AmandaMilling at the press conference

    The impact of Brexit on the Falkland Islands and the economy in general were subjects raised with visiting Members of Parliament this week. The delegation of four made a flying visit to the Falkland Islands last weekend accompanied by FI Representative in London Sukey Cameron.

  • Thursday, February 23rd 2017 - 10:20 UTC

    Argentina's Macri in state visit to Spain to attract investors

    “Fourteen months ago, Argentina began a historic change. We want to reduce poverty to zero, since a third of Argentines still live in poverty” said Macri

    Argentine president Mauricio Macri started an official state visit to Spain on Wednesday and was received with a display of full military honors of the Royal Household at the Royal Palace. Following a meeting with King Felipe, the president left for Congress where he addressed the full house.

  • Wednesday, February 22nd 2017 - 14:11 UTC

    In highly unusual move, PM May attends House of Lords Brexit debate

    Mrs May took up her position, which she is permitted to occupy as a member of the Privy Council, as peers began debating the EU Notification of Withdrawal Bill.

    Theresa May has taken the highly unusual step of sitting in the House of Lords to hear peers being told by the UK Government not to “frustrate” Brexit. The Prime Minister sat on the steps in front of the Royal Throne as Lords leader Baroness Evans of Bowes Park told peers to respect the decision of the British people in last year’s referendum and the “primacy” of the elected House of Commons.