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MercoPress, en Español

Montevideo, January 31st 2026 - 17:42 UTC

Economy

  • Friday, October 21st 2016 - 18:17 UTC

    Brazilian prosecution after another can of worms, the national development bank, BNDES

    BNDES will audit each of 47 schemes to check they meet its financial standards. Among projects affected are a dam in Mozambique and Cuba's Port Mariel project

    Brazil’s national development bank has frozen $13.5bn of funds for 47 overseas projects, including those in Angola, Mozambique, Cuba and the Dominican Republic, as yet more corruption charges are brought against politicians and executives arising from the Lava Jato corruption probe.

  • Friday, October 21st 2016 - 18:00 UTC

    Falklands aims to double the number of nights spent by land-bases tourists by 2023

    MLA Michael Poole informed the meeting that Phase 1 should be finished by the end of November.

    Falkland Islands Tourist Board Interim CEO, Steph Middleton gave a short presentation on the growth of visitor numbers in recent years at this week’s public meeting. She said there were 1,461 land-based tourists last year, spending about £2m or £120 per person per night - the best year since 2007-8.

  • Friday, October 21st 2016 - 14:20 UTC

    Falklands in short supply of fresh produce, because of changes in Chilean Customs procedures

    Miller emphasized the system had worked well for 20 years, but if the new system remains, it will be impossible to bring fresh produce from Chile.

    Falkland Islanders has been warned that fresh produce may be in short supply for some time to come due to changes in the Chilean Customs' procedures. Stanley Growers owner Tim Miller said that a large order for fruit and vegetables was not shipped from Santiago last week, as Customs officials at Punta Arenas insisted for the first time that LATAM airline provide them, in advance, with exact weight and contents of the cargo.

  • Friday, October 21st 2016 - 08:25 UTC

    UK is still a full member of the EU and will attend all meetings, PM May tells Europe

    “In substance, there is no disagreement with May's statement. The 27 cannot agree something that the UK is supposed to just sign up to.”

    Prime Minister Theresa May told EU leaders that Britain would not just rubber-stamp agreements made between the other member states when they meet as 27. In her first European Council, she said that as long as the UK was a full member of the EU, it wanted a seat at the table for discussions over the bloc’s future.

  • Friday, October 21st 2016 - 08:15 UTC

    Euro central bank leaves rates and stimulus program unchanged

    ECB said the purchases will continue in any case until inflation rises to more acceptable levels from the current 0.4%, but has left the end date otherwise open.

    The European Central Bank left its key interest rates and its bond-buying stimulus program unchanged on Thursday as it seeks more data on the strength of Europe’s modest economic recovery. The decision came at a meeting of the bank’s 25 member governing council at its headquarters in Frankfurt, Germany.

  • Friday, October 21st 2016 - 02:56 UTC

    Brazilian central bank lowers basic rate 0.25 points on more optimistic recovery data

    The new, market-friendly central bank governor, Ilan Goldfajn, is expected to oversee further rate cuts before the year ends.

    Brazil's central bank cut its key interest rate for the first time in more than three years on Wednesday as a new center-right government's reforms fuel hopes of a recovery in Latin America's largest economy. The bank lowered the benchmark Selic rate by 0.25 points, to 14%, still one of the world's highest, and cited a dip in inflation and forecasts that a long recession -- Brazil's worst in a century -- is nearing its end.

  • Wednesday, October 19th 2016 - 22:09 UTC

    Eccentricity: Falklands' budget surpluses under-forecasting triggers lively debate

    Chief Executive Barry Rowland said he would examine the budget process in detail and MLA Poole’s points would be taken into consideration then.

    While in the rest of the world, budget shortfalls and downplayed soaring deficits are the norm, a lively discussion ensued at this week’s Falkland Islands Standing Finance Committee when MLA Michael Poole suggested the forecasting process needed revising when most years a deficit was forecast, but then resulted in a surplus.

  • Wednesday, October 19th 2016 - 21:03 UTC

    Sulivan Shipping opens Falklands' 2016/17 cruise season on Saturday with M/V Sea Spirit

    Sulivan Shipping expects the arrival of the first cruise ship passengers on next Saturday’s flight, to board the M/V Sea Spirit.

    Approximately 63,000 cruise ship passengers arrivals are expected in the Falkland Islands this season which is slightly up on the previous season when just over 56,000 passengers were received from 105 ship visits. Staff at Sulivan Shipping are looking forward to the start of the 2016-2017 tourism season, with the arrival of the first cruise ship passengers on next Saturday’s flight, to board the M/V Sea Spirit.

  • 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.