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MercoPress, en Español

Montevideo, January 31st 2026 - 16:46 UTC

Economy

  • Friday, November 4th 2016 - 10:40 UTC

    Falklands fishing license fees frozen for 2017; possible tax policy review

    Director of Natural Resources John Barton recommended increasing 5% only a few license fees

    The Falkland Islands has decided to hold fee levels across all fishing licenses for 2017 as part of a long term policy focus and in view of certain circumstances emerging from the volatility of annual catches. The Executive Council (ExCo) agreed on the decision by a majority at its last meeting extensive to all license types, including Illex, the Islands main catch.

  • Friday, November 4th 2016 - 10:28 UTC

    UK pledges additional funds for the Colombian peace process and demining

    Prime Minister Theresa May announced the increased funding following her meeting with Colombian President Juan Manuel Santos at 10 Downing Street.

    The UK will increase its contribution to prosperity programs in Colombia by up to £25 million, supporting economic development and opening up investment and export opportunities worth in the region of £6 billion to the UK economy.

  • Friday, November 4th 2016 - 07:23 UTC

    Bank loans in Argentina expected to double over the next three years

    Bsnco Santander's Cristofani optimistic about Argentina's next three years

    Banco Santander Rio CEO Enrique Cristofani also believes the economy will grow next year by 4% in a context that offers great opportunities to the country.

  • Friday, November 4th 2016 - 02:58 UTC

    New low-cost airline lands in Peru

    Viva Air Peru

    CEO says air travel is too expensive in Argentina, Venezuela, Costa Rica and all around Central America. Air France-KLM unveil plans for new long-haul company to bring down costs without becoming a low cost brand.

  • Thursday, November 3rd 2016 - 19:33 UTC

    Latin America's new political paradigm

    The party was cut short in the early 1980s, when then-Fed Chairman Paul Volcker took away the punch bowl, by engineering a sudden interest-rate hike

    By Ernesto Talvi - Center-left and populist governments' hegemony in Latin America for most of the last decade now seems to be coming to an end, with center-right parties rising to power in Argentina, Brazil, Guatemala, Paraguay, and Peru.

  • Thursday, November 3rd 2016 - 10:20 UTC

    Big Danger at the Lower Bound

    Fed chair Janet Yellen tried to reassure markets but most economists are skeptical that the Fed’s unconventional policy tools are nearly so effective.

    By Kenneth Rogoff

    Markets nowadays are fixated on how high the US Federal Reserve will raise interest rates in the next 12 months. This is dangerously shortsighted: the real concern ought to be how far it could cut rates in the next deep recession. Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits.

  • Thursday, November 3rd 2016 - 10:01 UTC

    Mercosur parliament critical of the current trade negotiations with the European Union

    Jorge Taiana said he is “not optimistic that there will be progress” as a result of the economic recession that has hit Europe

    The President of Mercosur’s parliament (Parlasur) thinks that the European Union’s current tabled offer is “unsatisfactory” and made it clear that it shouldn’t be signed in its current form. Jorge Taiana, head of the parliament, and former foreign minister with ex president Cristina Fernandez, complained that the negotiations, which resumed about seven years ago, are taking far too long, but added that in the absence of a “balanced agreement”, nothing should be signed.

  • Thursday, November 3rd 2016 - 09:53 UTC

    Temer austerity program inspired in Thatcher´s program to contain expenditure

    Temer watched a Thatcher video where she defended cutting public expenditure, opening the financial sector, privatizations and making labor rules more flexible

    Brazilian president Michel Temer said that the economic adjustment implemented by Brazil is inspired in the program of former prime minister Margaret Thatcher, who led the UK from 1979 to 1990. “As Thatcher use to say and we are following in Brazil, containing government expenditure is necessary because we are only going to spend collected revenue”.

  • Thursday, November 3rd 2016 - 08:05 UTC

    European lawmakers in Argentina to boost EU/Mercosur trade talks

    “We will never reach any trade accord, unless we are not willing to face the domestic resistances, be it in Europe or in Mercosur”, said MEP Assis

    A European Union parliament delegation of fourteen lawmakers is in Buenos Aires to prop Mercosur/EU trade talks, and even admitting there has been advances, and prospects are encouraging, they also acknowledged that many objections from both sides persist.

  • Wednesday, November 2nd 2016 - 19:27 UTC

    As expected Fed leaves rates unchanged, but the real game begins in December

    Fed chairwoman Janet Yellen has been repeatedly criticized by Republican candidate Donald Trump

    The Federal Reserve, on Wednesday following a two-day meeting, and with two members dissenting, left interest rates unchanged but anticipated the FOMC “judges that the case for an increase in the federal funds rate has continued to strengthen, but decided, for the time being, to wait for some further evidence of continued progress toward its objectives”.