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MercoPress, en Español

Montevideo, July 27th 2025 - 09:11 UTC

Economy

  • Tuesday, October 18th 2016 - 10:31 UTC

    Argentina lowers interest rates for businesses as inflation tends to subside

    The decision follows the conviction that gradually “we will have a substantial improvement in the economy, with inflation trending lower,” said Melconian

    Argentina's main state-run bank said it lowered its headline interest rates for loans to businesses on Monday amid expectations that inflation will begin to slow in Latin America's third-largest economy, a move that will help put credit back within firms' reach. Banco Nacion, the country's largest financial institution and which also acts as a development bank, set its annual nominal reference rate for business loans at 27%, down from 32%.

  • Monday, October 17th 2016 - 10:04 UTC

    The Sunday Times reveals unpublished Boris Johnson's pro-Remain column

    In the pro-Remain column Boris Johnson warned that Brexit could lead to an economic shock, Scottish independence and Russian aggression.

    Current Foreign Secretary Boris Johnson said the UK remaining in the EU would be a “boon for the world and for Europe”, a previously unpublished newspaper column reveals. He wrote the column in February, along with a pro-Brexit article that was later published in The Telegraph. Boris Johnson subsequently became a leading figure in the campaign to leave the European Union.

  • Monday, October 17th 2016 - 09:47 UTC

    BRICS summit, despite drawbacks ends optimistic and vows to deepen economic engagement

    India’s prime minister, Narendra Modi, called for doubling trade within the BRICS bloc in the next five years to US$500 billion, dismantling trade barriers and improving infrastructure.

    Amid fears of threats posed by protectionism, the BRICS countries have vowed to deepen economic engagement, tackle the global economic slowdown, and combat cross border terrorism. The leaders of the five emerging economies of Brazil, Russia, India, China and South Africa wrapped up a summit Sunday in Goa, in western India.

  • Monday, October 17th 2016 - 06:53 UTC

    Mercosur founding members share same economic model and are targeting trade accords, says ECLAC

    “What is happening is that Uruguay, Paraguay, Brazil and Argentina have found an economic model which they share”, Alicia Barcena argued

    Tensions inside Mercosur can be attributed to the fact that Argentina, Brazil, Paraguay and Uruguay share a development “economic model” which distances them from Venezuela, and are prepared to advance in trade negotiations with the European Union, and even with the Pacific Alliance. Venezuela on the other hand has as its main priority putting the deteriorated economy back on the growth track, according to the UN regional economic commission ECLAC, chair Alicia Barcena.

  • Friday, October 14th 2016 - 17:31 UTC

    Falklands Tourist Board contracts world-class digital platform

    Cruise ship tourism is a significant market, accounting for over 56,000 arrivals in the 2015-2016 season (October to March).(Pic Sulivan)

    New Mind | tellUs has been selected by the Falkland Islands Tourist Board to supply a world-class digital platform which will contribute to the development of a well established and thriving tourism destination.

  • Friday, October 14th 2016 - 09:37 UTC

    Falkland Island farmers tour Australia for improved sheep genetics

    Per annum FLH produces approximately 500,000 kilograms of greasy wool, from a Polwarth/Merino-type sheep. The fibre diameter averages 24-25 microns.

    Three Falkland Islands farmers and the general manager of Falklands Landholdings Corporation recently travelled to Australia as part of the ongoing search for improvements to lamb survival rates in the Falklands. Touring farms in both Queensland and New South Wales, the group spent three weeks inspecting Australian studs in search of better fat and muscle values in young rams.

  • Friday, October 14th 2016 - 09:17 UTC

    EU-Mercosur trade deal within two years, followed by negotiations with UK

    “Mercosur has moved to improve its offer and we are optimistic that we can work towards a better deal,” said Argentine Commerce Secretary Miguel Braun

    The European Union and Mercosur could strike a free trade deal within two years, according to Argentina’s Commerce Secretary Miguel Braun. After Brexit, Mercosur would be open to a separate trade deal with the UK. Trade negotiations between the EU and Mercosur nations are still on track, despite the UK’s decision to leave the bloc and uncertainty over the future of the EU’s other major trade agreements – TTIP and CETA.

  • Friday, October 14th 2016 - 05:48 UTC

    Falklands considers air link with Brazil including a monthly stopover in Argentina

    “Is a monthly stopover in Argentina too high a price to pay for a direct weekly flight to Sao Paulo, the biggest flight hub in South America,” said MLA Summers

    “Is a monthly stopover in Argentina too high a price to pay for a direct weekly flight to Sao Paulo, the biggest flight hub in South America,” is the question we all have to ask ourselves, said lawmaker MLA Mike Summers this week as he set out the situation and options available to progress and develop the Falkland Islands’ economy.

  • Thursday, October 13th 2016 - 21:11 UTC

    Travelers shocked at UK airports: £=€ 99 cents; Lord King says “weak pound is positive”

    Lord King said that for the UK slowing down economy “the fall in sterling is a welcome change”

    Many travelers buying foreign currency at the UK's airports are now receiving less than one Euro to the pound, reports the BBC. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound. The worst rate is currently 88 Euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.

  • Thursday, October 13th 2016 - 14:52 UTC

    Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017

    The economies of South America, which specialize in primary goods —particularly oil, minerals and foods— will post average growth of 1.1% in 2017

    The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to pick up in 2017 with average growth of 1.5%, according to a press release by the United Nations agency.