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MercoPress, en Español

Montevideo, April 29th 2026 - 06:24 UTC

Economy

  • Friday, October 14th 2016 - 09:17 UTC

    EU-Mercosur trade deal within two years, followed by negotiations with UK

    “Mercosur has moved to improve its offer and we are optimistic that we can work towards a better deal,” said Argentine Commerce Secretary Miguel Braun

    The European Union and Mercosur could strike a free trade deal within two years, according to Argentina’s Commerce Secretary Miguel Braun. After Brexit, Mercosur would be open to a separate trade deal with the UK. Trade negotiations between the EU and Mercosur nations are still on track, despite the UK’s decision to leave the bloc and uncertainty over the future of the EU’s other major trade agreements – TTIP and CETA.

  • Friday, October 14th 2016 - 05:48 UTC

    Falklands considers air link with Brazil including a monthly stopover in Argentina

    “Is a monthly stopover in Argentina too high a price to pay for a direct weekly flight to Sao Paulo, the biggest flight hub in South America,” said MLA Summers

    “Is a monthly stopover in Argentina too high a price to pay for a direct weekly flight to Sao Paulo, the biggest flight hub in South America,” is the question we all have to ask ourselves, said lawmaker MLA Mike Summers this week as he set out the situation and options available to progress and develop the Falkland Islands’ economy.

  • Thursday, October 13th 2016 - 21:11 UTC

    Travelers shocked at UK airports: £=€ 99 cents; Lord King says “weak pound is positive”

    Lord King said that for the UK slowing down economy “the fall in sterling is a welcome change”

    Many travelers buying foreign currency at the UK's airports are now receiving less than one Euro to the pound, reports the BBC. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound. The worst rate is currently 88 Euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.

  • Thursday, October 13th 2016 - 14:52 UTC

    Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017

    The economies of South America, which specialize in primary goods —particularly oil, minerals and foods— will post average growth of 1.1% in 2017

    The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to pick up in 2017 with average growth of 1.5%, according to a press release by the United Nations agency.

  • Thursday, October 13th 2016 - 14:47 UTC

    Wells Fargo bank accounts' scandal leads to a major reshuffle

    Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56. (Pic AP)

    Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank's reputation and put Wall Street under renewed scrutiny. San Francisco-based Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56.

  • Thursday, October 13th 2016 - 10:13 UTC

    Petrobras no longer an arm of government to control inflation, pledges CEO

    Petrobras, which hasn’t adjusted gasoline and diesel prices for more than a year, will set prices at or above parity with international levels, Parente said

    Petrobras is reading to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview. For years fuel prices were manipulated as part of the government's policy to keep inflation under control.

  • Thursday, October 13th 2016 - 09:41 UTC

    Gibraltar attends SNP conference in Glasgow: shares Brexit concerns

    Gibraltar Deputy Chief Minister Dr. Garcia will take the opportunity to discuss the on-going political situation in relation to “Brexit” in one-to-one meetings

    Gibraltar's Deputy Chief Minister Dr Joseph Garcia is in Scotland to attend the conference of the Scottish National Party (SNP). The event opened in Glasgow on Wednesday and this is the first time that Gibraltar will have an exhibition stand. It is also the first time that the Gibraltar Government will host an official reception.

  • Thursday, October 13th 2016 - 09:28 UTC

    St Helena airport scheduled to receive 80 pax Avro RJ100 to be delivered in Chile

    The Avro RJ100 ((picture) is scheduled to land in St Helena airport on Friday 21 October 2016.

    Planning is underway for an Avro RJ100 jet aircraft, operated by Tronos Jet Maintenance and flown by Atlantic Star Airlines, with final destination Chile, to fly to Ascension Island, followed by a call at St Helena Airport on the same day. Both are technical stops, and the crew will overnight on St Helena.

  • Thursday, October 13th 2016 - 07:59 UTC

    Falklands' new Chief Executive has 30 years experience in England's public sector

    Falkland Islands Government has announced the arrival of the new Chief Executive for the Falkland Islands, Mr. Barry Rowland. He comes to the Islands from the North of England and brings over 30 years’ experience in the public sector, with 15 years of those being in a number of corporate roles with senior leadership responsibilities.

  • Wednesday, October 12th 2016 - 11:31 UTC

    UK fishermen cheer Brexit: they could recover £ 400 million of fish and shellfish caught by EU vessels

    Dr Ian Napier’s report explains that more than half of the fish caught in British waters between 2012 and 2014 were taken by foreign fishing boats.

    Scottish fishermen have welcomed the publication of a report revealing the full extent of catches by foreign vessels in UK waters. Published by NAFC Marine Centre UHI in Shetland, and based on the European Commission’s most recent data, Dr Ian Napier’s report explains that more than half of the fish caught in British waters between 2012 and 2014 were taken by foreign fishing boats.