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MercoPress, en Español

Montevideo, April 29th 2026 - 06:25 UTC

Economy

  • 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.

  • Monday, October 17th 2016 - 09:47 UTC

    BRICS summit, despite drawbacks ends optimistic and vows to deepen economic engagement

    India’s prime minister, Narendra Modi, called for doubling trade within the BRICS bloc in the next five years to US$500 billion, dismantling trade barriers and improving infrastructure.

    Amid fears of threats posed by protectionism, the BRICS countries have vowed to deepen economic engagement, tackle the global economic slowdown, and combat cross border terrorism. The leaders of the five emerging economies of Brazil, Russia, India, China and South Africa wrapped up a summit Sunday in Goa, in western India.

  • Monday, October 17th 2016 - 06:53 UTC

    Mercosur founding members share same economic model and are targeting trade accords, says ECLAC

    “What is happening is that Uruguay, Paraguay, Brazil and Argentina have found an economic model which they share”, Alicia Barcena argued

    Tensions inside Mercosur can be attributed to the fact that Argentina, Brazil, Paraguay and Uruguay share a development “economic model” which distances them from Venezuela, and are prepared to advance in trade negotiations with the European Union, and even with the Pacific Alliance. Venezuela on the other hand has as its main priority putting the deteriorated economy back on the growth track, according to the UN regional economic commission ECLAC, chair Alicia Barcena.

  • Friday, October 14th 2016 - 17:31 UTC

    Falklands Tourist Board contracts world-class digital platform

    Cruise ship tourism is a significant market, accounting for over 56,000 arrivals in the 2015-2016 season (October to March).(Pic Sulivan)

    New Mind | tellUs has been selected by the Falkland Islands Tourist Board to supply a world-class digital platform which will contribute to the development of a well established and thriving tourism destination.

  • Friday, October 14th 2016 - 09:37 UTC

    Falkland Island farmers tour Australia for improved sheep genetics

    Per annum FLH produces approximately 500,000 kilograms of greasy wool, from a Polwarth/Merino-type sheep. The fibre diameter averages 24-25 microns.

    Three Falkland Islands farmers and the general manager of Falklands Landholdings Corporation recently travelled to Australia as part of the ongoing search for improvements to lamb survival rates in the Falklands. Touring farms in both Queensland and New South Wales, the group spent three weeks inspecting Australian studs in search of better fat and muscle values in young rams.