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MercoPress, en Español

Montevideo, November 8th 2025 - 01:25 UTC

Economy

  • Thursday, May 19th 2016 - 12:02 UTC

    Minutes show Fed could be ready for an interest rate in June

    The suggestion that a rate increase in June is firmly on the table suggests the Fed is closer to tightening monetary policy again

    Federal Reserve officials consider the United States economy could be ready for another interest rate increase in June, according to the minutes from the central bank's April policy meeting released on Wednesday. Most participants in the policy-setting committee's April 26-27 meeting said they wanted to see signs that economic growth was picking up in the second quarter and that employment and inflation were firming, the minutes showed.

  • Thursday, May 19th 2016 - 06:33 UTC

    Falklands' Rockhopper announces double contingent oil reserves: over 300m barrels

    Rockhopper owns more than 50% of two oilfields, Sea Lion and Isobel Elaine, which are now estimated to hold 747 million barrels of oil and gas reserves

    Falkland Islands oil and gas producer Rockhopper Exploration Plc has announced that its net contingent oil reserves have doubled to more than 300 million barrels, and independent experts are now eyeing this as nearly billion-barrel basin.

  • Wednesday, May 18th 2016 - 12:21 UTC

    Petrobras: Temer pledges judicial independence and respect for prosecutors nomination process

    Temer told Globo TV he would maintain the tradition of nominating the candidate chosen by the corps of prosecutors

    Brazil's interim president, Michel Temer said he would continue a tradition of nominating a prosecutor general who comes recommended by peers, allaying concerns about judicial independence. Justice Minister Alexandre de Moraes, sworn in last week as part of Temer's new government, told the Folha de S.Paulo newspaper in an interview that the prosecutor general of Brazil could be selected at will by the president.

  • Wednesday, May 18th 2016 - 12:07 UTC

    Argentina forecasted to increase wheat area by 25% for a 15/16 million tons crop

    Argentina, the world’s 10th biggest wheat exporter, shipped 3.13 million tons of the grain in the first quarter of 2016 versus 1.53 million in the same 2015 period

    Argentine wheat exports more than doubled in the first quarter, government data showed, as farmers rushed to sell stockpiles ahead of an expected jump in plantings spurred by the open-market policies of new President Mauricio Macri. The surge in Argentine supply is hitting an oversaturated world market and putting downward pressure on wheat prices already near their lowest levels in six years.

  • Wednesday, May 18th 2016 - 11:32 UTC

    US economy good news: inflation reaches 1.1% and housing starts rise 6.6%

    Commerce Department figures showed housing starts rose by 6.6% in April to a seasonally adjusted annual pace of 1.17 million units.

    US consumer prices rose at their fastest pace in three years in April as energy prices climbed, figures show. The Labor Department's Consumer Price Index rose 0.4% last month, the biggest one-month increase since February 2013.

  • Wednesday, May 18th 2016 - 10:54 UTC

    Chile celebrates best cruise season in seven years

    The milestone of the season was the return of Norwegian Cruise Line, with the Norwegian Sun, and 40 calls in Chilean ports and an estimated 100.000 visitors.

    Chile reports that this last cruise season (October 2015/April 2016), has been the best in seven years, according to the Southern Cone Ports Corporation, with a 47% increase in the number of vessel calls and 43% in landed passengers, compared to 2014/2015.

  • Wednesday, May 18th 2016 - 06:01 UTC

    Orthodox economist Goldfajn confirmed as Brazil's central bank governor

    Ilan Goldfajn, chief economist of Itau Unibanco Holding, will replace Alexandre Tombini as central bank governor. Senate must ratify Goldfajn's appointment.

    Brazil's interim government on Tuesday confirmed the lead economist of the country's largest private bank to head the central bank, in a further shift away from the interventionist policies that many blame for deep recession and near double-digit inflation.

  • Tuesday, May 17th 2016 - 11:00 UTC

    Brazil's economy contracts for fifteenth consecutive month

    Private economists consulted in the Central Bank's latest weekly survey expects Brazil's GDP to shrink by a further 3.86% this year.

    Brazil's economic activity contracted by 1.44% in the first quarter relative to October-December 2015 and 6.27% compared to the same three-month period of 2015, the Central Bank said Friday. The figures come from the Central Bank's Index of Economic Activity, or IBC-Br, an indicator used as a preview of the gross domestic product (GDP) number.

  • Tuesday, May 17th 2016 - 07:25 UTC

    Temer names a woman to head Brazil's giant development bank, BNDES

    Maria Silvia Bastos Marques, a career bureaucrat and onetime steel executive who worked on Rio de Janeiro’s Olympics preparations, will head BNDES

    Brazil’s interim President Michel Temer will replace the head of the government’s giant development bank with a female economist, following heavy criticism over his appointment of an all-male white cabinet.

  • Tuesday, May 17th 2016 - 06:23 UTC

    Falklands hopeful of improved relations with Argentina, Gilbert House tells BIMR conference

    Cherie Clifford, MLA Dr. Barry Elsby meet CPA Secretary General Akbar Khan at the States of Assembly in the island of Jersey

    Falkland Islands remains hopeful of improved relations with the new administration of Argentina and cooperation in the many areas of mutual interest such as fisheries and connectivity, but sovereignty of the Falklands is not for negotiation, reads the Gilbert House report to the 46th British Isles and Mediterranean Region Conference, which opened on Sunday in Jersey.