Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, July 7th 2026 - 18:07 UTC

Economy

  • Wednesday, April 5th 2017 - 05:49 UTC

    Chile's annual resources' report shows nine fisheries are depleted or collapsed

    Among the positive status changes presented by the 2016 report, the red squat lobster is highlighted (Regions XV to IV)

    The latest annual report from Chile's Fisheries administration, “Public Account of Resources Status 2016” indicates that of the 43 existing fisheries, 25 have biological reference points (PBR) which means a precautionary approach. The presentation was made by Paolo Trejo, Under Secretary for Fisheries and Aquaculture.

  • Tuesday, April 4th 2017 - 09:55 UTC

    Maduro gained his true objective: sweeping authority to cut oil deals on behalf of PDVSA

    Rosneft, a major PDVSA partner at a time when relations between Caracas and Moscow have grown increasingly cozy, said the deal was legal.

    Venezuelan Supreme Court reversal decision to take over the opposition-led congress seems to have yielded to domestic and international pressure, but it still gives embattled populist President Nicolas Maduro broad new powers over the country´s vast oil wealth, which now appears to have been his true target.

  • 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    United States has withdrawn funding for the United Nations Population Fund (UNFPA), an agency that promotes family planning in more than 150 countries.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.