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MercoPress, en Español

Montevideo, October 23rd 2026 - 16:44 UTC

Economy

  • Saturday, March 25th 2017 - 10:00 UTC

    Mexico prepared to “step away” from NAFTA if negotiations don't benefit the country

    “If what is on the table is something that is not good for Mexico, Mexico will step away from NAFTA,” Videgaray said.

    Mexican Foreign Minister Luis Videgaray said that if North American Free Trade Agreement negotiations don't benefit all parties involved, the country is willing to “step away” from it. In an interview with Bloomberg, he said pulling out of NAFTA would be a last resort.

  • Saturday, March 25th 2017 - 09:29 UTC

    Argentina closer to energy self sufficiency: US$ 2.3bn investment in Vaca Muerta shale fields

    Tecpetrol will aim to produce an average 14 million cubic meters of shale gas per day by 2019, which is half the volume of gas Argentina currently imports

    Argentina's Tecpetrol, part of the Techint Group, said on Thursday it would invest US$2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from President Mauricio Macri's government, including a deal with labor unions earlier this year and a definition of price supports this month.

  • Friday, March 24th 2017 - 11:09 UTC

    Workers at the world's largest copper mine in Chile end 43/day strike

    The end of the 43-day strike came on the day it broke the record for the longest mining strike in copper-rich Chile's history.

    Workers at the world's largest copper mine, BHP Billiton's Escondida in Chile, ended a lengthy strike Thursday that had caused turbulence on global copper markets. But the company warned they had only made matters worse by pushing negotiations back another year and a half.

  • Friday, March 24th 2017 - 11:02 UTC

    Maduro desperately selling assets to pay US$ 3.7bn in debts

    The Venezuelan president Nicolás Maduro is reportedly so desperate to pay the US$ 3.7 billion in debts that he is selling off the assets to Russia.

    In an effort to handle its overdue debts, Venezuela is all but giving away oil assets. President Nicolás Maduro is reportedly so desperate to pay the US$ 3.7 billion in debts that he is selling off the assets to Russia.

  • Thursday, March 23rd 2017 - 12:09 UTC

    Brazilean adulterated meat situation “no obstacle for EU/Mercosur trade talks”

    “The current meats' scandal is absolutely in no way an obstacle for the current negotiations”, said Hrdá.

    The adulterated meat situation in Brazil is no obstacle for the current trade negotiations between the European Union and Mercosur, said Eidta Hrdá, Managing Director for the Americas from the European External Action Service, currently in Buenos Aires.

  • Thursday, March 23rd 2017 - 11:59 UTC

    Irish farmers' lobby wants beef out of Mercosur/EU trade talks

    Given what is known of the Brazilian meat scandal, ”I am firmly of the view that beef and meat generally may be off the agenda,” McGuinness said in Brussels

    First vice-president of the European Union Parliament Irish lawmaker Mairead McGuinness has asked EU Commissioners for agriculture and trade for clarity on allegations that Brazil has sold meat that is unfit for consumption.

  • Thursday, March 23rd 2017 - 11:50 UTC

    Massive teachers protest in Buenos Aires challenging austerity measures

    Demonstrators blocked some of the main avenues in Buenos Aires and gathered in front of the presidential palace.

    Tens of thousands of Argentine teachers marched in the capital Buenos Aires on Wednesday as part of a nationwide strike challenging the administration of President Mauricio Macri. Unions for private and public school teachers are demanding a pay increase of 35% to compensate for Argentina's high inflation in consumer prices.

  • Wednesday, March 22nd 2017 - 12:20 UTC

    Relief for Macri: stats confirm the economy is moving out of recession

    President Mauricio Macri's administration is hoping an economic recovery ahead of midterm elections in October can boost flagging approval ratings.

    Argentina's economy exited a prolonged recession in the second half of last year, with government data on Tuesday showing a 0.5% expansion in the fourth quarter of 2016 compared with the third quarter. Indec stats agency also revised its estimate for third-quarter GDP to a 0.1% increase over the second quarter, up from a 0.2% decline previously. Taken together, the data show Argentina's economy grew in the second half after shrinking for three straight quarters.

  • Wednesday, March 22nd 2017 - 12:09 UTC

    Argentine farmers confident they can increase sales 28% to UK in the short term

    SRA president Etchevehere said that Brexit was a great opportunity to strengthen bilateral trade in a “strategic and complementary” form.

    Argentina has the potential to increase food sales to the UK by 28% in the short term, from the current US$ 830 million to US$ 1.060bn, according to the president of the powerful farmers' organization, Argentine Rural Society, Luis Miguel Etchevehere, currently in London with a business mission sponsored by the Argentine foreign ministry, the Argentine-British Chamber of Commerce and the embassy in London.

  • Wednesday, March 22nd 2017 - 12:01 UTC

    Guyana beats exploration/production record: oil extraction expected to begin 2019

    Exxon-Mobil in 2016 announced the successful drilling of a deepwater exploration well, positioning Guyana's seafloor as one of the richest oil discoveries in decades.

    United States oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana, in the north of South America, into a major oil producer. In what industry experts call a rare occurrence in the industry, Exxon Mobil has asked the David Granger administration for a production license to start pumping oil from the country’s seabed, less than five years after it discovered major oil finds.