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MercoPress, en Español

Montevideo, July 6th 2026 - 16:57 UTC

Economy

  • 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.

  • Thursday, March 30th 2017 - 09:56 UTC

    Brazilian tainted meat: minister believes “the worst of the process is over”

    Agriculture Minister Blairo Maggi insisted the problem is isolated and that Brazilian products represent no danger.

    Worldwide markets have been slamming their doors on Brazilian meat since revelations that rotten product was being sold with faked certificates, but the agriculture minister said Thursday “the worst of the process is over.”

  • Thursday, March 30th 2017 - 06:47 UTC

    Brexit: London's financial sector calls for a transitional deal for the industry

    The European Central Bank has made it clear that Britain cannot access the passporting system, which allows financial firms to trade freely across the EU

    London’s powerhouse financial sector finds itself at a critical juncture with Article 50 about to be triggered, as the Square Mile braces itself for a jobs exodus and the potential loss of European trading rights following Brexit. City bosses and politicians have called on the UK Government to secure a transitional deal for the industry to prevent companies pre-empting uncertainty by upping sticks to rival financial centres across the globe.

  • Wednesday, March 29th 2017 - 10:46 UTC

    Falklands was awarded nine MPA contracts in five years

    The question was asked by Wes Streeting, MP for Ilford North, who visited the Falkland Islands last month in a delegation of four MPs.

    The UK Ministry of Defense has awarded nine direct contracts to locally-based businesses in the Falkland Islands over the last five years including marine services, waste management, logistics and education.Harriet Baldwin, UK Under-Secretary of State for the MoD gave the statistics in response to a question in the House of Commons by Wes Streeting, MP for Ilford North, who visited the Falkland Islands last month in a delegation of four MPs.

  • Wednesday, March 29th 2017 - 10:37 UTC

    Argentine minister confident agriculture and public works will boost the economy

    “We're witnessing an investment shock of infrastructure, as never seen before in Argentina”, emphasized Dujovne

    Argentine Finance minister Nicolas Dujovne said on Tuesday that the economy's recovery at the start of the year was based on investment and not in consumption. “It is a heterogeneous recovery, with performance in different sectors: government social expenditure was up 70% but manufacturing was down 80%, mainly because of the Brazilian recession, and domestic contraction”, admitted the minister.

  • Wednesday, March 29th 2017 - 10:25 UTC

    Argentina's economic activity up 1.1% year to year in January

    Argentina's economy grew 0.1% in the third quarter and 0.5% in the fourth quarter, emerging from a sharp recession in the first half.

    Argentina's economic activity grew in January year to year. Economic activity was 1.1% percent higher in January than twelve months before, the first year-on-year growth since last March, according to the latest release from the revamped stats office, Indec.

  • Wednesday, March 29th 2017 - 10:15 UTC

    It's official: 12.7 million Argentines live in poverty, 30.3% of the population

    At the end of 2016, a family of four needed 13.155 Pesos (approx. US$ 870) a month to purchase the Total Basic Basket to remain above poverty line

    Argentina's official poverty index in the second half of 2016 dropped to 30.3%, an estimated 12.7 million people, from 32.2% in the first half according to the country's stats office Indec. The 30.3% index includes 6.1% of indigence, which is also below the 6.3% of the first half. The drop means that 800.000 people are no longer in the poverty category index.

  • Tuesday, March 28th 2017 - 07:54 UTC

    Chile, Argentina and Uruguay planning greater coordination of cruise circuits

    Punta Arenas is a crucial logistics port for Antarctic cruises and for scientific research vessels from the Antarctic Treaty country-members.

    Punta Arenas Austral Ports Company, EPA, was part of the Chilean stand at the Seatrade Cruise Global fair which took place in mid March in Fort Lauderdale, Florida and attracts the best of the cruise industry, operators and port terminals from all the world.

  • Monday, March 27th 2017 - 11:07 UTC

    Petrobras posted losses of US$ 4.8 billion during 2016

    Petrobras has been at the center of a corruption scandal that has ensnared powerful lawmakers and business executives.

    Brazil's state-run oil company says it posted a US$4.8 billion loss in 2016 mainly because of a reduction in the value of assets it needs to sell to lower a debt estimated at more than US$100 billion.