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MercoPress, en Español

Montevideo, January 31st 2026 - 10:26 UTC

Economy

  • Friday, February 10th 2017 - 18:49 UTC

    Goldman Sachs hedge fund closing London operations and moving to New York

    GSIP was set up in 2008 with US$7bn in assets and at the time was one of the biggest-ever hedge fund launches. It has offices in NY, Hong Kong and Tokyo

    A Goldman Sachs hedge fund is closing its London operations and moving staff to New York, the firm has confirmed. About eight staff members who were part of the Goldman Sachs Investment Partners (GSIP) Team in London have been told to move. The decision follows the departure of the team's managing director, Nick Advani.

  • Friday, February 10th 2017 - 11:33 UTC

    Strike at world's largest copper mine in Chile; long conflict forecasted

    The striking workers are building a campsite right outside the mine. The union has warned it is prepared for a lengthy strike

    Workers at BHP Billiton's Escondida copper mine in Chile, the world's largest, walked off the job on Thursday in a strike that threatens to disrupt the international supply of the widely used metal. It said no miners arrived for morning work aboard buses that normally carry upwards of 1,200 workers per shift to the vast deposit, which accounted for about 6% of global production in 2015.

  • Friday, February 10th 2017 - 11:28 UTC

    Spain must act intelligently in its approach to Gibraltar, says foreign minister

    ”I am for ‘Gibraltar español’, but we have to be intelligent when it comes to tackling this issue,” said Dastis also added he was “not a pessimist” about Brexit

    Spain’s Foreign Minister, Alfonso Dastis, said that he believed Gibraltar should be Spanish, though he added Spain must be intelligent in its approach to the Rock. He was speaking during a wide-ranging interview on the morning politics show Los Desayunos, on state broadcaster TVE1.

  • Thursday, February 9th 2017 - 20:41 UTC

    Uruguay's budget deficit 4% of GDP in 2016, worst performance since 1989

    Economy minister Danilo Astori said results were better than expected since “these percentages are below anticipated targets: ”4.3% and 0.9% of GDP deficits”.

    Uruguay's budget deficit reached 4% of GDP during 2016, equivalent to US$ 2.043bn, the worst performance since 1989, according to the latest figures released by the government's stats office, INE. The previous year, 2015 ended with a budget deficit of 3.6% of GDP, which also set a record only comparable to 2002 (3.7%), when Uruguay underwent one of its most challenging financial meltdowns in decades.

  • Thursday, February 9th 2017 - 15:45 UTC

    Cereal prices continue to rise despite improved supplies, says FAO

    The FAO Cereal Price Index rose 3.4% from December to a six-month high, with wheat, maize and rice values all increasing.

    The FAO Food Price Index averaged 173.8 in January, its highest value in almost two years, marking a 2.1% increase from its revised December value and 16.4% above its 2016 January level. The FAO Sugar Price Index surged 9.9% in the month, driven by expectations of protracted supply tightness in Brazil, India and Thailand.

  • Thursday, February 9th 2017 - 11:36 UTC

    Brazilian inflation drops for the fifth straight month

    Prices during January rose 0.38% from a month earlier, the smallest rise for January since 1994, according to IBGE

    Consumer prices rose less than expected in Brazil in January for the fifth straight month, increasing the chances of steeper interest rate cuts and a stronger economic recovery as the inflation rate falls toward the government's long-missed target.

  • Thursday, February 9th 2017 - 07:16 UTC

    Macri to launch “Patagonia Project” for southern Argentina provinces

    The Argentine president is thinking about developing the rich deep south but also is thinking about midterm elections next October

    Argentine president Mauricio Macri is scheduled to launch on Thursday the much expected “Patagonia Project”, a massive ambitious development program for the southern provinces similar to the “Belgrano Plan” which was recently launched for the northern provinces.

  • Wednesday, February 8th 2017 - 10:28 UTC

    British government manages to avoid conditions to the Brexit bill

    Labour and some Tories had pushed for MPs to have a decisive say on the final terms, but the 326 to 293 vote meant the bill remained unchanged.

    The British government has seen off an attempt to add conditions to its Brexit bill as a Conservative rebellion was avoided. MPs rejected a bid by Labour's Chris Leslie to force the government to consult Parliament on the deal struck with the EU before it is finalized. It came after ministers pledged that a “meaningful” vote would be offered.

  • Wednesday, February 8th 2017 - 10:17 UTC

    Falklands' oil exploration: Rockhopper announces investments in Sea Lion

    Rockhopper confirms that a settlement has been reached between the operators and Ocean Rig in relation to the termination of Eirik Raude rig

    Rockhopper Exploration plc has provided its latest operational and corporate update which includes the North Falkland Basin Sea Lion project and has announced that the technical engineering is approaching conclusion and a settlement on the Eirik Raude rig dispute has been reached.

  • Wednesday, February 8th 2017 - 10:01 UTC

    Falklands attends UKOTs Brexit implications forum in London

    UKOTs representatives with Minister of State The Rt. Hon. Baroness Anelay territories and Minister for Exiting the European Union Robin Walker

    British Overseas Territories representatives, including from the Falkland Islands held a two-day meeting in London to address Brexit implications such as development funds, tariff free fish exports and the right to travel freely through the European Union. The meeting was in the framework of Prime Minister Theresa May's administration initiative to involve all parts of the UK in preparing for the crucial negotiations.