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MercoPress, en Español

Montevideo, July 29th 2025 - 08:37 UTC

Economy

  • Saturday, November 5th 2016 - 10:00 UTC

    Argentina's 2017 inflation expected to reach 19.7%, reveals Central bank poll

    The median annual inflation expectation for 2016 fell to 39.4% in the survey from 39.6% in the previous poll. Last month, the median expectation for 2017 inflation was 20%.

    Argentina's consumer prices will rise by 19.7% in 2017, according to a central bank poll of 56 economists published this week, a slight drop from median expectations in last month's survey but still higher than the central bank's target.

  • Saturday, November 5th 2016 - 09:49 UTC

    Bank of England raises inflation and growth forecasts, but Brexit uncertainty remains

    Following the release of the quarterly inflation report, governor Mark Carney said the revised forecasts were “neither solely due nor totally unrelated” to the Bank's decisions back August.

    The Bank of England has raised its near-term growth and inflation forecasts on Thursday following the slide in sterling seen since the U.K.'s decision to leave the European Union. The bank decided Thursday to keep interest rates at the record low level of 0.25% and maintan its quantitative easing (QE) purchase targets at up to £10 billion for corporate bonds and £435 billion for U.K. government bonds.

  • Friday, November 4th 2016 - 22:59 UTC

    Bolivia seeks access to Pacific Ocean via Peruvian por of Ilo

    Bolivia eyes Peruvian port of Ilo to return to the Pacific

    Integration between both countries appears to be on a smooth path after second binational cabinet meeting in Sucre, chaired by Presidents Evo Morales and Pedro Pablo Kuczynski. Railway road to Brazilian port of Santos also on the table

  • Friday, November 4th 2016 - 19:44 UTC

    Brazilian soy and corn yields on the rise, according to Conab data

    The country's national average corn yield from 53 bushels per acre in 2003-04 to 81 bushels per acre last year, despite the dry weather.

    Brazilian farmers’ soy and corn yields have been on the rise, according to data from Conab, an agency from the Ministry of Agriculture. Conab just issued a report putting numbers to the yield growth numbers, and it’s clear that not only are acres on the rise for both soybeans and corn, but productivity is up, too.

  • Friday, November 4th 2016 - 10:40 UTC

    Falklands fishing license fees frozen for 2017; possible tax policy review

    Director of Natural Resources John Barton recommended increasing 5% only a few license fees

    The Falkland Islands has decided to hold fee levels across all fishing licenses for 2017 as part of a long term policy focus and in view of certain circumstances emerging from the volatility of annual catches. The Executive Council (ExCo) agreed on the decision by a majority at its last meeting extensive to all license types, including Illex, the Islands main catch.

  • Friday, November 4th 2016 - 10:28 UTC

    UK pledges additional funds for the Colombian peace process and demining

    Prime Minister Theresa May announced the increased funding following her meeting with Colombian President Juan Manuel Santos at 10 Downing Street.

    The UK will increase its contribution to prosperity programs in Colombia by up to £25 million, supporting economic development and opening up investment and export opportunities worth in the region of £6 billion to the UK economy.

  • Friday, November 4th 2016 - 07:23 UTC

    Bank loans in Argentina expected to double over the next three years

    Bsnco Santander's Cristofani optimistic about Argentina's next three years

    Banco Santander Rio CEO Enrique Cristofani also believes the economy will grow next year by 4% in a context that offers great opportunities to the country.

  • Friday, November 4th 2016 - 02:58 UTC

    New low-cost airline lands in Peru

    Viva Air Peru

    CEO says air travel is too expensive in Argentina, Venezuela, Costa Rica and all around Central America. Air France-KLM unveil plans for new long-haul company to bring down costs without becoming a low cost brand.

  • Thursday, November 3rd 2016 - 19:33 UTC

    Latin America's new political paradigm

    The party was cut short in the early 1980s, when then-Fed Chairman Paul Volcker took away the punch bowl, by engineering a sudden interest-rate hike

    By Ernesto Talvi - Center-left and populist governments' hegemony in Latin America for most of the last decade now seems to be coming to an end, with center-right parties rising to power in Argentina, Brazil, Guatemala, Paraguay, and Peru.

  • Thursday, November 3rd 2016 - 10:20 UTC

    Big Danger at the Lower Bound

    Fed chair Janet Yellen tried to reassure markets but most economists are skeptical that the Fed’s unconventional policy tools are nearly so effective.

    By Kenneth Rogoff

    Markets nowadays are fixated on how high the US Federal Reserve will raise interest rates in the next 12 months. This is dangerously shortsighted: the real concern ought to be how far it could cut rates in the next deep recession. Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits.