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MercoPress, en Español

Montevideo, April 29th 2026 - 00:35 UTC

Economy

  • Sunday, December 11th 2016 - 19:56 UTC

    Deloitte Brazil admits false auditing and obstructing investigations

    Deloitte Touche Tohmatsu Auditores Independentes “knowingly issued materially false” audit reports for carrier Gol Intelligent Airlines in 2010 said PCAOB

    The United States accounting watchdog hit Deloitte's Brazil division with a record US$8 million fine for issuing false audits of a US-traded Brazilian airline and then doctoring papers to thwart an investigation, the agency said.

  • Sunday, December 11th 2016 - 19:53 UTC

    Brazil fines five global banks for manipulating exchange rates

    CADE announced that it had hit Barclays, Citicorp, Deutsche Bank, HSBC and JPMorgan Chase with the fines for participating in anti-competitive activities.

    Brazil’s antitrust body has slapped five banks with fines worth a combined 183.5 million reais (US$ 54 million) for creating a cartel to manipulate exchange rates, official sources announced. CADE, an office in charge of preventing economic abuse, announced that it had hit Barclays, Citicorp, Deutsche Bank, HSBC and JPMorgan Chase with the fines for participating in anti-competitive activities.

  • Sunday, December 11th 2016 - 18:46 UTC

    A Positive Report on The Falklands

    Hon Sec of the Falkland Islands Association and veteran of the 1982 War Lt. Col. Tym Marsh, FIA Chairman Alan Huckle and FIA Treasurer Falkland Islander James Wallace at the AGM.

    An update on the progress of the Falkland Islands’ economy has been given to the Falkland Islands Association at their annual general meeting in London. Member of the Legislative Assembly, Mr. Mike Summers indicated that all aspect of the Islands development were doing well.

  • Saturday, December 10th 2016 - 09:52 UTC

    House of Lords EU committee to launch inquiry into Brexit implications for Gibraltar

    “Gibraltar is in a unique constitutional position as a British Overseas Territory within the European Union,” the committee said in announcing its inquiry

    The United Kingdom House of Lords EU Select Committee has launched a new short inquiry on the implications of Brexit for Gibraltar. The committee will meet next week and take evidence from Gibraltar Chief Minister Fabian Picardo, Deputy Chief Minister Dr Joseph Garcia and Attorney General Michael Llamas.

  • Friday, December 9th 2016 - 16:30 UTC

    IMF ups forecast for Uruguay's growth in 2016 to 0.7% - In October it had anticipated 0.1%

    Uruguay was doing better than the October figures were telling, according to IMF.

    The International Monetary Fund (IMF) on Thursday raised its forecast for economic growth in Uruguay this year to 0.7%, a substantial increase from the 0.1% estimated in October, and underlined the country's resilience to the problems of its neighbors Argentina and Brazil.

  • Friday, December 9th 2016 - 10:01 UTC

    Brazil and Argentina agree to open Mercosur to the world and expand trade horizons

    “You can't be a member of a club with full rights without complying with obligations”, said Malcorra in reference to Venezuela

    Brazil and Argentina foreign ministers agreed on Thursday in Brasilia that Mercosur must open to the world and expand its trade horizons, but it will have to be done without Venezuela which has been currently “ceased” from the block. Jose Serra and Susana Malcorra coincided that Mercosur must speed the trade agreement with the European Union taking advantage of the fact US elected-president Donald Trump has pledged to limit such treaties.

  • Friday, December 9th 2016 - 09:47 UTC

    UK and Brazil underline significance of bilateral cooperation and initiatives in strategic areas

    Dr Liam Fox and Minister for Industry, Foreign Trade and Services, Marcos Pereira emphasized the importance of current bilateral cooperation<br /> <br /> <br />

    British Secretary of State for International Trade, Dr Liam Fox, and the Brazilian Minister for Industry, Foreign Trade and Services, Marcos Pereira, emphasized the importance of current bilateral cooperation and agreed initiatives on strategic areas to support mutual economic development, during the 9th UK-Brazil Joint Economic and Trade Committee (JETCO) meeting held in Brasília this week.

  • Thursday, December 8th 2016 - 19:01 UTC

    Russia sells 19.5% of Rosneft - ‘biggest privatization deal of 2016,’ says Putin

    Rosneft CEO Igor Sechin reached an agreement with private investors and a Qatari fund to sell 19.5% of shares

    Russian President Vladimir Putin labeled the sale of 19.5% of state-owned oil giant Rosneft's shares to the natural resource trader Glencore International and a Qatari sovereign wealth fund for over $11 billion was “the biggest sale and acquisition in the world’s oil and gas sector in 2016,” the official Kremlin website reported Wednesday.

  • Wednesday, December 7th 2016 - 17:34 UTC

    Uruguay's unemployment drops to 7.1% in October

    Economy Minister Danilo Astori anticipates half-point growth for 2016 as unemployment falls in Uruguay

    Unemployment in Uruguay in October fell to 7.1% and marked the lowest monthly record of the year, according to data published on Tuesday by the National Statistics Institute (INE). In September this index was at 8.4% and a year ago, in October 2015, at 8.5%.

  • Wednesday, December 7th 2016 - 12:16 UTC

    Japanese tech firm meets Trump and pledges to invest US$ 50bn in the US

    Son made the announcement after meeting president-elect Donald Trump in New York. Trump shared the news about the Softbank investment on social media

    Shares of Japanese technology firm Softbank have soared to their highest level in more than one year in Tokyo trade, jumping 5% at the open. That is on news Chief Executive Masayoshi Son said he will invest US$50bn in US businesses. But details are lacking on where the money will go and how it will benefit American businesses.