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MercoPress, en Español

Montevideo, April 28th 2026 - 15:38 UTC

Economy

  • Tuesday, April 4th 2017 - 09:50 UTC

    Torrential rains and mudslides destroy “80% of Comodoro Rivadavia”

    Mud and water covers cars and floods shops in downtown Comodoro Rivadavia

    Comodoro Rivadavia, in Argentine Patagonia, also known as the “Oil capital” of the country is estimated to have experienced an “80% destruction” of the city, according to a first report from an Army engineers' battalion sent to set up bridges and repair highways. The city suffered a week of historic torrential rains (330mm) and strong winds with flooding, mudslides which swept away with bridges and tracts of roads and major highways.

  • Tuesday, April 4th 2017 - 07:32 UTC

    Trump administration begins to cut UN funding: UNFPA first target

    This is the first of the promised cuts to US financial contributions to the UN by the Trump administration.

    United States has withdrawn funding for the United Nations Population Fund (UNFPA), an agency that promotes family planning in more than 150 countries. The state department said the UNFPA “supports or participates in the management of a program of coercive abortion or involuntary sterilization”.

  • Monday, April 3rd 2017 - 13:52 UTC

    Brazil rapidly becoming global supplier of light crudes

    Petrobras Guilherme said company's production ”consists of much lighter oil than we used to produce in the past; we have demand for more than we can deliver.”

    Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day (bpd) in 2017, second only in the size of additional supply to the United States among non-OPEC producers.

  • Monday, April 3rd 2017 - 13:39 UTC

    Mexico planning to purchase Brazilian rice ahead of a clash with Trump over a Nafta review

    A move announced recently by Mexican diplomats may be a precursor of what could be happening in the coming months with the trading of major commodities involving the country’s trade war talks with the U.S.

  • Monday, April 3rd 2017 - 13:27 UTC

    Irish farmers want meat removed from Mercosur/EU trade talks

    IFA and other European farm lobby groups have been campaigning for a full EU ban on Brazilian meat and are calling for meat to be removed from trade talks

    The Irish Farmers’ Association (IFA) is pushing to have meat removed from the proposed trade deal between Europe and Mercosur in the wake of Brazil’s meat scandal. The move could scupper the entire trade deal given the importance of the meat industry to Brazil, Argentina, Uruguay and Paraguay.

  • Sunday, April 2nd 2017 - 06:02 UTC

    Trump will host Xi at his Florida resort April 6/7; anticipates “difficult meeting”

    Trump predicted “a very difficult” meeting in a tweet just hours after both governments announced the summit.

    United States President Donald Trump will meet with his Chinese counterpart Xi Jinping for the first time on April 6-7 at Trump's Florida resort, China's Foreign Ministry announced, amid a range of pressing issues including trade, North Korea and territorial disputes in the South China Sea.

  • Saturday, April 1st 2017 - 08:37 UTC

    Falklands begins process for new port facilities to support economic growth

    The Executive Council approved a temporary, immediate augmentation of FIPASS capacity, at least until the end of 2018.

    The Falkland Islands has approved the commencement of work that will lead to the delivery of new port facilities to support economic growth into the next decade. According to a release from the Falklands elected government, the new work will build on the substantial previous studies completed in 2012 and 2014, which investigated the viability of various sites, and resources are expected to be allocated during the 2017/18 budget process.

  • Friday, March 31st 2017 - 22:42 UTC

    JBS meat packers suspends production in 10 of 36 beef facilities

    JBS, BRF SA and dozens of other meat packers are under investigation by federal authorities who allege the meat packers paid bribes to meat inspectors

    JBS SA, the world’s largest meat packer, has suspended production at 10 plants in Brazil. The action comes as the company works to rebound from the fallout of an anticorruption investigation launched by the Federal Police in Brazil.

  • Thursday, March 30th 2017 - 15:39 UTC

    Deutsche Bank reaffirms commitment with the City of London

    Garth Ritchie, UK CEO of Deutsche, told staff the move “underlines the bank's commitment to the City of London”.

    Deutsche Bank has committed to moving to a new office in London, at a time when banks are assessing their place in the capital ahead of Brexit. Germany's biggest lender is in exclusive talks for a 25-year lease on a new building.

  • Thursday, March 30th 2017 - 10:37 UTC

    Chile Day in London next June; UK ambassador underlines importance of free trade

    “Chile Day offers a significant opportunity for deepening and enhancing our long standing relationship with Chile in trade and other areas”

    The announcement that Chile Day will take place in London in June 2017 is good for the United Kingdom and for Chile, boosting trade and investment between our two nations, said British ambassador in Santiago, Fiona Clouder, who made it a point to praise the significance of free trade.