Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 29th 2026 - 10:30 UTC

Economy

  • Friday, September 9th 2016 - 11:12 UTC

    Dragui leaves monetary policy unchanged; calls on Euro zone countries to unleash fiscal stimulus

    Draghi said he hoped Euro zone governments might finally step up and unleash some fiscal stimulus, referring to a recent announcement at the G-20 summit

    The European Central Bank made no changes to its current monetary policy on Thursday, leaving interest rates unaltered and taking no decision on whether to further stimulate the Euro-zone economy. The ECB’s governing council left the main refinancing rate at zero percent and the deposit rate at -0.4%, as expected.

  • Friday, September 9th 2016 - 10:09 UTC

    Mercosur insists in trade negotiations with EU despite Brazil and Venezuela situations

    “The initiative is clearly political and should not interfere with negotiations for an agreement which the two blocks started discussing in 1999”, Loizaga said

    Negotiations for a trade and cooperation agreement between Mercosur and the European Union must continue and should not be overshadowed by political issues such as the impeachment process in Brazil, pointed out Paraguay's foreign minister Eladio Loizaga, following a motion by 15 Green Euro and United Left parliamentarians in Strasbourg to cancel discussions because of the “corruption contaminated” removal of Dilma Rousseff.

  • Friday, September 9th 2016 - 10:04 UTC

    A suggestion on how to address Brexit has arrived from Switzerland

    Micheline Calmy-Rey said the two countries shared a common purpose out - or planning to be out - of the European Union.

    A former Swiss president has said the UK should work with her country to find a way to balance freedom of movement with single market access. Micheline Calmy-Rey said the two countries shared a common purpose out - or planning to be out - of the European Union. But both still want a good trade relationship with the union.

  • Friday, September 9th 2016 - 06:07 UTC

    Argentina promises 'respectful' cooperation over Falkland Islands

    Argentina is willing to consider resuming direct flights to and from the Falklands and joint UK-Argentine exploration of hydrocarbons around the Islands

    The Guardian's diplomatic editor Patrick Wintour caught up with Argentine foreign minister Susana Malcorra in London and interviewed her on UK-Argentina relations and the Falklands/Malvinas dispute. Ms Malcorra said Argentina wants to end the era of confrontation over the South Atlantic islands.

  • Thursday, September 8th 2016 - 03:35 UTC

    Nicola's message to Theresa: Scotland's referendum on independence back on the table

    The bill would then be ready for “immediate” introduction if it becomes clear that there was voter support for Scottish independence, Sturgeon said

    The Scottish government will start preparing the legislation required for a new referendum on independence from the United Kingdom in case it is needed, First Minister Nicola Sturgeon told the Scottish parliament on Tuesday. Last week Sturgeon said her party would start a survey to test support for secession, questioning at least two million Scots just as Britain negotiates its exit from the European Union.

  • Wednesday, September 7th 2016 - 19:14 UTC

    FIFA prunes salaries and perks of top officials: US$ 1.53 for Infantino

    Infantino also gets a car and lodgings paid during his term of office and “expenses in accordance with FIFA’s expenses regulations ($2,000 per month)”

    Gianni Infantino has accepted a salary of US$1.53 million a year, with FIFA No.2 Fatma Samoura set to receive US$1.3 million. Under the contract, Infantino also gets a car and lodgings paid during his term of office and “contribution for expenses in accordance with FIFA’s expenses regulations ($2,000 per month)”.Samoura has the same benefits but lodgings are not included.

  • Wednesday, September 7th 2016 - 18:45 UTC

    Chinese group ready to purchase shrimp vessels and plants in Patagonia

    Conapesca plans to sell its shrimp fishing freezer fleet plus two processing plants in Puerto Madryn and Rawson, reports Revista Puerto.

    Argentine fishing company Conapesca has almost settled a trade agreement with a Chinese state-owned investment group, to whom it would sell its shrimp fishing freezer fleet, reports Revista Puerto. According to the report the Chinese company has been assessing the state of the shrimper fleet at its port base in Puerto Madryn.

  • Wednesday, September 7th 2016 - 17:54 UTC

    Falkland Islands Holdings declares lower profitability; plans name change

    FIH Plc said the timing of the name change was “heavily linked to a recovery in the oil price” and recent progress by Premier Oil PLC was “very encouraging”.

    Falkland Islands Holdings PLC on Thursday tabled plans to change its name to FIH Group PLC, as it said profitability in the first five months of its financial year was at a lower level than the prior year. Falkland Islands Holdings, which owns services businesses based in the UK and the Falkland Islands, said it will change its name to FIH Group, subject to shareholder approval, to “more properly reflect the balance of the group's activities”. Its activities are now predominantly in the UK and Europe.

  • Wednesday, September 7th 2016 - 17:00 UTC

    Brazil's central bank sounds more flexible on the world's highest interest rates

    Last week, the central bank kept its benchmark Selic rate steady at 14.25% for the ninth straight time in a bid to lower inflation that is near 9%.

    The Brazilian central bank said on Tuesday that future interest rate cuts will not depend on any single factor, signaling that policymakers are ready to ease monetary policy as inflation expectations improve. In the minutes of its last rate-setting meeting, the bank said all members were satisfied with the progress of disinflation, but remained cautious about high inflation expectations for 2017.

  • Wednesday, September 7th 2016 - 13:41 UTC

    Montevideo will have a specific fishing terminal and freezing storage by 2019

    A blueprint of the extended fisheries terminal planned to the west of the current facilities in the port of Montevideo

    Uruguay plans to build a major terminal for the fishing industry, with sufficient freezing capacity, in the Capurro Park, approximately a mile to the west from the current mooring facilities in the Montevideo bay port.