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MercoPress, en Español

Montevideo, July 6th 2026 - 18:01 UTC

Economy

  • Thursday, March 16th 2017 - 12:12 UTC

    Temer coalition determined to pass major pension reform despite street protests

    Political momentum is still in President Temer's favor as he pushes head with the austerity agenda that has drawn opposition into the streets

    Brazil's president Michel Temer and senior lawmakers were unwavering in their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the dramatic expansion of a graft probe threatening the ruling coalition.

  • Thursday, March 16th 2017 - 12:06 UTC

    Fed raises interest rate by a quarter of a point: second time in three months

    “We have seen the economy progress over the last several months in exactly the way we anticipated,” Yellen reaffirming confidence in the path the economy is on

    U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target. The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75% to 1.0% marked a convincing step in the Fed's effort to return monetary policy to a more normal footing.

  • Wednesday, March 15th 2017 - 07:56 UTC

    Two US airlines cancel flights to Cuba: excess of capacity

    Airline Frontier is canceling its Miami-Havana route starting next June 4 due to unforeseen high costs, and also because of the low demand.

    On Monday, two US airlines announced that they have plans to cancel their flights to Cuba, one of which is Fort Lauderdale-based Silver Airways, whose representatives said they had made the “difficult but necessary” decision to cancel its services to Cuba from April 22.

  • Wednesday, March 15th 2017 - 07:12 UTC

    Trump furious: media leak shows he paid US$ 38m in tax on income of US$ 150m in 2005

    Mr. Trump refused to release his tax returns during the election campaign, breaking with a long-held tradition.

    US President Donald Trump paid US$38m in tax on more than US$150m income in 2005, a leaked tax return shows. Two pages of the tax return were revealed by US TV network MSNBC, triggering an angry response from the White House, arguing that publishing the tax return was illegal.

  • Wednesday, March 15th 2017 - 06:38 UTC

    Mercosur expects to sign a trade deal with the EU by year end taking advantage of Trump's isolationism

    “The U.S. withdrawal from agreements like the Trans-Pacific Partnership [TPP] and the Atlantic Alliance undoubtedly opens new opportunities for us,” Nunes said.

    Mercosur expects to sign a framework accord this year for a trade deal with the European Union as the U.S. shift to isolationism under President Donald Trump encourages it to look outside the hemisphere for opportunities, Brazil's foreign minister Aloysio Nunes said on Tuesday.

  • Tuesday, March 14th 2017 - 21:28 UTC

    Is a second OPEC cut on the Cards?

    U.S. shale has been capping the upside: Brent has not breached US$58 per barrel. Analysts are now mostly predicting oil prices will remain below US$60 this year.

    OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 per barrel. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

  • Tuesday, March 14th 2017 - 11:42 UTC

    Brexit bill expected to become law on Tuesday; process to begin end of March

    “Parliament has today backed the government in its determination to get on with the job of leaving the EU,” Brexit Secretary David Davis said.

    The British Parliament passed on Monday the Brexit bill, paving the way for the government to trigger Article 50 so the UK can leave the European Union. Peers backed down over the issues of EU residency rights and a meaningful vote on the final Brexit deal after their objections were overturned by MPs. The bill is expected to receive Royal Assent and become law on Tuesday.

  • Monday, March 13th 2017 - 18:52 UTC

    Airbnb raises US$ 1 billion to expand operations; company valued at US$ 30bn

    Airbnb's regulatory filing shows the online marketplace and hospitality service firm has raised an additional US$450m, taking the total amount raised to US$1.03bn.

    Airbnb has raised around US$1bn in a funding round to expand its operations, the San Francisco- based start-up revealed in a SEC filing last Thursday. The Series F funding round commenced in June 2016 and by September last year it had managed to raise about US$550m. Investors such as Alphabet's venture capital arm GV, had then purchased stake in the start-up for US$105 per share.

  • Monday, March 13th 2017 - 14:40 UTC

    Federal Reserve expected to raise interest rate on Wednesday

    US economy added a better-than-expected 235,000 non-farm payrolls last month to drag down unemployment to 4.7%, around the Fed's estimate of full-employment.

    Robust hiring by United States employers in President Donald Trump's first full month in power, along with rising wages, have economists tipping a faster-than-anticipated cycle of interest rate increases by the US Federal Reserve, beginning this week.

  • Monday, March 13th 2017 - 12:11 UTC

    A third of Argentina's population live in poverty, according to the Catholic Church

    “We never promised we would turn poverty overnight”, said Macri who recalled that he admits the numbers, contrary to previous governments

    Argentina urban poverty rate rose to 32.9% in the third quarter of 2016, which means 13 million people due to a precarious labor market and lack of long-term development policies, according to a report presented last week by the Social Debt Observatory from the Argentine Catholic University (UCA).