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MercoPress, en Español

Montevideo, January 31st 2026 - 11:45 UTC

Economy

  • Tuesday, January 17th 2017 - 10:19 UTC

    Eight of the richest people on earth own as much combined wealth as half the human race

    The Oxfam report on inequality is on the agenda for discussion at the forum

    Just eight of the richest people on earth own as much combined wealth as half the human race. The charity Oxfam does the math each year and publishes its results just in time for the World Economic Forum in Davos, Switzerland, where many of the spectacularly wealthy are often among the attendees, along with diplomats, political figures, and business and cultural leaders.

  • Tuesday, January 17th 2017 - 10:06 UTC

    IMF downgrades Latin America prospects because of lesser growth in Brazil and Mexico

    Growth downgrade reflects muted expectations of short-term recovery in Brazil and Argentina following weaker-than-expected growth in the second half of 2016

    The International Monetary Fund has become more pessimistic about Latin America in the January economic outlook update. IMF is now forecasting regional GDP growth of just 1.2% in 2017, down from the 1.6% projection it made in October. It also lowered its 2018 estimate for Latin America by 0.1% to a revised projection of 2.1% expansion.

  • Tuesday, January 17th 2017 - 09:29 UTC

    Falklands under no pressure from the UK: “final decision on flights will be ours, and ours alone”

    MLA Barry Elsby: the Falkland Islands Government is under no pressure from the UK government. The final decision on flights will be ours and ours alone.

    The Falkland Islands Government is under no pressure from the UK government to agree to something that we feel is not in our best interests, and ”the final decision on (additional) flights will be ours, and ours alone”. The statement belongs to the elected Legislative Assembly of the Falkland Islands' chair of the month, Barry Elsby.

  • Monday, January 16th 2017 - 17:46 UTC

    Airbags maker Takata agrees to pay US$ 1bn in penalties for concealing defects

    Most major carmakers have been affected by the fault, with about 100 million Takata airbags recalled globally. The assembly plant in San Jose, Uruguay

    The Japanese car parts maker Takata has agreed to pay US$1bn in penalties in the US for concealing dangerous defects in its exploding airbags. The firm, which also has assembly plants in Brazil and Uruguay, also pleaded guilty to a single criminal charge, the company and the US Department of Justice said..

  • Monday, January 16th 2017 - 17:40 UTC

    Sterling drops ahead of Theresa May's Tuesday Brexit speech

    The pound has now dropped about 20% against the dollar since the referendum when it fell to 31-year lows.

    The British pound has fallen against the dollar to below US$1.20 ahead of a key speech from Theresa May on Brexit this week. Sterling fell 1.5% against the US currency on Sunday to its lowest level since the flash crash in October.

  • Monday, January 16th 2017 - 11:04 UTC

    Trump says Brexit a 'great thing,' will meet PM May to reach trade deal with UK

    US President-elect Trump believes “business is unbelievable in a lot of parts of the UK”

    US-President-elect Donald Trump said in a newspaper interview published on Sunday that “Brexit is going to end up being a great thing.” He also confirmed he will be meeting with British Prime Minister Theresa May soon after his inauguration on January 20 to finalise a trade agreement between the two countries that will be “good for both sides.”

  • Saturday, January 14th 2017 - 08:37 UTC

    Malcorra reiterates: Argentina willing to cooperative research in the South Atlantic

    ”We feel there is an opportunity for a cooperative scientific research (in the South Atlantic) which could be a strong step forward in the correct direction”

    Foreign minister Susana Malcorra said fisheries licensing in the South Atlantic is of great concern for Argentina because of the “overall ongoing depredation”, and recalled that there is an item referred to the issue in the September UK-Argentine joint statement, which has yet to be addressed and that most probably it will follow on the identification of unknown soldiers buried in the Falklands and the additional flights issues.

  • Friday, January 13th 2017 - 12:37 UTC

    Brazil retakes wheat imports, the highest in three years

    Conab said its higher import forecast reflected unexpectedly strong wheat volumes brought in late last year, driving total purchases for calendar 2016 to 6.87m tonnes

    Brazilian officials ditched expectations of a tumble in wheat imports to a multi-year low after a surprisingly strong finish to 2016 for buy-ins, encouraged by a recovery in the real and state purchases of domestic supplies. Conab - which a month ago slashed its forecast for Brazil's wheat imports in 2016-17 [on an August-to-July basis] to 5.10m tonnes, the lowest since at least the mid-1990s – this week revised its forecast sharply upwards, to 5.95m tonnes.

  • Friday, January 13th 2017 - 11:19 UTC

    Petrobras pre-salt oil production set a new record in 2016

    Total production of the company in the country reached 2.63 million barrels of oil equivalent per day, 1% above 2015’s results, which also set a new record

    Petrobras’ average oil production in Brazil in 2016 went up 0.75% in comparison to the previous year and reached 2,144,256 barrels per day. According to the company, the result was in line with the established target of 2.145 million and represents an annual all-time high.

  • Friday, January 13th 2017 - 11:04 UTC

    Argentina announces ambitious financial program; road show begins Monday in London

    Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper, announced minister Caputo.

    Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.