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MercoPress, en Español

Montevideo, April 29th 2026 - 04:59 UTC

Economy

  • 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”.

  • Wednesday, November 2nd 2016 - 14:19 UTC

    EU and Canada sign free trade accord, but has to clear 40 European parliaments

    Canadian PM Justin Trudeau signed the treaty along with heads of EU institutions, a step that should enable a provisional implementation of the pact early in 2017.

    The European Union and Canada signed a free trade agreement on Sunday that aims to generate jobs and growth though it must still clear some 40 national and regional parliaments in Europe in the coming years to enter fully into force.

  • Wednesday, November 2nd 2016 - 07:36 UTC

    Brazilian amnesty program for overseas funds collects US$ 15.8bn

    The extra revenue collected by the government would help the administration of President Michel Temer meet this year’s fiscal target

    The Brazilian government collected 50.9 billion Reais, equivalent to US$15.8 billion in taxes and fines under an amnesty program offered to individuals and corporations with undeclared but legitimate funds parked overseas, the Finance Ministry said on Tuesday.

  • Wednesday, November 2nd 2016 - 07:12 UTC

    A “flat” cruise season officially begins this week in Montevideo

    Kechichian revealed that Uruguay is working with Argentine authorities to recover the cruise business:“it won't be easy to bring them back, but we are working on it”

    The 2016/17 cruise season officially begins this week in Uruguay with the arrival of MS Zaandam and Insignia. Zandam belonging to Holland America Line with capacity for 1.432 passengers usually calls several times in Montevideo during the season.

  • Tuesday, November 1st 2016 - 18:36 UTC

    Argentina invests heavily in major dry bulk and vegetable oils port terminal

    The terminal is capable of unloading 600 railway cars and more than 1,200 trucks per day. According to AGD, it handled 13 million tons of exports last year

    Bunge and Aceitera General Deheza S.A. (AGD) announced they will jointly invest US$100 million in Puerto General San Martin’s T6 industrial complex and port terminal. Puerto General San Martin is an inland port in Argentina that sits on the Paraná River.