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MercoPress, en Español

Montevideo, July 19th 2025 - 10:55 UTC

Economy

  • Thursday, May 12th 2016 - 17:37 UTC

    Temer acting president of Brazil after a 55/22 Senate vote to impeach Rousseff

    The impeachment process was supported by 55 Senators, which is one more than the two thirds, 54, needed to definitively remove Rousseff

    After 20 hours of debate, a clear majority in the Brazilian Senate voted on early Thursday morning to suspend Brazilian President Dilma Rousseff, an action that removes her temporarily from office and sees her replaced by interim vice-president Michel Temer during her impeachment trial, which in 180 days could see her successor become full president until January 2019.

  • Thursday, May 12th 2016 - 08:53 UTC

    Goldfajn considered the most probable candidate for Brazil's central bank

    Goldfajn, chief economist with Itau Unibanco, is almost certain to be picked for the central bank, but the final decision rests on Finance Minister Henrique Meirelles

    Brazil's Vice President Michel Temer could wait until June to appoint a new central bank chief if he takes over the reins of power this week, as part of a gradual transition to replace the bank's eight-member board, his spokesman said on Wednesday.

  • Thursday, May 12th 2016 - 08:21 UTC

    St. Helena airport certified, which brings opening day closer

    St Helena’s first Aerodrome Certificate is valid until 9 November 2016, at which point the Airport will need to be re-certified.

    British Overseas Territory St. Helena achieved a major milestone on Tuesday when Air Safety Support International (ASSI) issued an Aerodrome Certificate to brand new St Helena Airport - having been satisfied that the Airport infrastructure, aviation security measures and air traffic control service complies with international aviation safety and security standards. This follows a final inspection of the Airport by an ASSI team last month.

  • Thursday, May 12th 2016 - 04:42 UTC

    EU and Mercosur exchanged market access offers; beef and ethanol excluded as 'sensitive' products

    Negotiators, for EU Trade Commissioner Cecilia Malmström and for Mercosur, Uruguay's foreign minister Rodolfo Nin Novoa, made the exchange in Brussels

    Trade Commissioner Cecilia Malmström and the Foreign Affairs Minister of Uruguay Rodolfo Nin Novoa, on Wednesday exchanged EU and Mercosur offers on access to their respective markets of goods, services and establishment and government procurement. However this first exchange excluded 'sensitive' items such as beef and ethanol, according to EU sources. The details of the documents exchanged were not made public.

  • Wednesday, May 11th 2016 - 14:03 UTC

    Panama Papers are becoming an additional challenge for President Macri

    Judge Casanello suspects a case of “malicious omission” and broadened the Macri accounts request to Uruguay, Brazil, UK and Ireland

    Argentine Federal Judge Sebastian Casanello has sent legal requests to Uruguay, United Kingdom, Ireland, Panama and Brazil, and likewise ordered local financial institutions in the country to provide data on the Macri family accounts as part of an ongoing investigation of the Argentine president overseas assets in so called tax havens, which emerged from the latest release of Panama Papers by the International Consortium of Investigative Journalists.

  • Wednesday, May 11th 2016 - 12:29 UTC

    Prominent economists call for global tax transparency arguing poor countries are the biggest losers

    The letter's signatories, coordinated by charity Oxfam, include best-selling author Thomas Piketty and 2015 Nobel Prize economics winner Angus Deaton.

    New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists. In a letter to world leaders, the group urges the UK to “take a lead” in the push for more tax transparency and argues that poor countries are the biggest losers from tax havens.

  • Wednesday, May 11th 2016 - 12:14 UTC

    Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy

    Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khalid al-Falih.

    Saudi Arabia's King Salman removed the country's veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih.

  • Wednesday, May 11th 2016 - 09:23 UTC

    Brussels assures EU farmers that beef is out of trade negotiations with Mercosur

    Commissioner Hogan said that Mercosur beef would be ‘off the menu’ and would be withdrawn from the current negotiations with the Mercosur trading bloc.

    The European Union Commissioner for Agriculture and Rural Development, Phil Hogan, announced on Tuesday that beef will not be part of the current Mercosur trade deal negotiations. The news follows a meeting between the Commissioner and NFU Cymru, which was held on Glamorgan NFU Cymru Chairman, Abi Reader’s farm, in the Vale of Glamorgan, Wales.

  • Tuesday, May 10th 2016 - 18:31 UTC

    Apologizes to the Brazilian people, and pledges to return US$ 280 million from a major construction contractor

    “Apology and Manifest for a Better Brazil”

    Andrade Gutierrez, the second largest public works contractor in Brazil is to make public an “apology to the Brazilian people” for the illegal actions in the public construction contracts investigated by the Brazilian Federal Police's Lava Jato operation, reports Folha de Sao Paulo.

  • Tuesday, May 10th 2016 - 08:55 UTC

    Macri strikes deal with business leaders to suspend layoffs but Congress criticizes

    Macri has said measures are needed to jump start Argentina's stagnant economy and end economic distortions that have led to years of high inflation.

    Argentine President Mauricio Macri has struck a temporary deal with local businessmen and some unions to suspend layoffs for 90 days. Macri's announcement of the deal on Monday comes as job cuts and high inflation rate are worrying many Argentines and Congress is in the process of approving an anti-layoffs bill that doubles severance pay and bans layoffs without cause for 180 days.