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MercoPress, en Español

Montevideo, November 5th 2025 - 18:53 UTC

Economy

  • Friday, April 8th 2016 - 06:58 UTC

    Large inventories and sluggish demand for 2016/17 global cereal production predicts FAO

    Maize output is seen growing by 1.1% to 1.014 million tons, driven by recovering yields in the European Union and expanding plantings in the United States

    World cereal production in 2016 is set to amount to 2 521 million tons, just 0.2% off last year's large output and the third-highest global performance on record, according to FAO's first forecast for the new season, released on Thursday. Large inventory levels and relatively sluggish global demand mean that market conditions for staple food grains appear stable for at least another season, the agency's latest Cereal Supply and Demand Brief predicts.

  • Friday, April 8th 2016 - 05:07 UTC

    MP Rosindell blasts 'direct rule' for BOTs as 'unnecessary and unjust'

    “I feel it would be both unnecessary and unjust to impose direct rule and force BOTs to raise their tax rates”, and leaving other nations and their OTs untouched.

    A UK member of Parliament has come out strongly in support of the British Overseas Territories praising their economic success and the right of their peoples to govern and decide their own future. MP Andrew Rosindell, Chairman of the BOT and Crown Dependencies all party Parliamentary groups described suggestions from some senior figures in Westminster calling for 'direct rule' over BOT's as unnecessary and unjust, based on a complete misunderstanding of the situation.

  • Thursday, April 7th 2016 - 09:32 UTC

    Infantino 'dismayed' with doubts about his integrity referred to Panama Papers; 'sad day for journalism'

    Panama Papers show that Infantino’s signature appeared on the 2006 contract with Cross Trading, owned by Hugo Jinkis, an offshore company registered in Niue.

    FIFA's Gianni Infantino says he is “dismayed” that his integrity is being doubted after he was revealed to have signed off a TV rights contract with two businessmen who were later indicted in the U.S. for bribery in FIFA’s corruption scandal.

  • Thursday, April 7th 2016 - 09:03 UTC

    Venezuela becomes strong client of millions of barrels of US WTI crude

    The tanker Krymsk was loaded with 500,000 barrels of West Texas Intermediate crude at the U.S. Gulf Coast on March 28. It will arrive in Curacao this week.

    Venezuela's PDVSA will discharge in the coming days its first cargo of U.S. crude bought from British BP, who along with China Oil was awarded a tender to supply the state-run company with some 8 million barrels in the second quarter, traders close to the deal revealed on Wednesday.

  • Thursday, April 7th 2016 - 08:49 UTC

    Britain's choice: economic security with the EU, or a leap into the dark

    Leaving the single market would also hit our service industries hard – and this is where our economy faces the biggest risk.

    By PM David Cameron - Prime Minister David Cameron wrote an article on the UK's economic security within the EU for The Telegraph. Imagine a world where a British airline wasn’t allowed to fly between Rome and Paris; where British farmers were slapped with a tariff if they wanted to export more beef to Europe; and where great British telecoms companies and car manufacturers faced new barriers when trying to sell their goods and services to customers in Europe.

  • Thursday, April 7th 2016 - 06:52 UTC

    Panama Papers shows shell companies prevail despite G20 announced efforts

    G20 leaders representing 80% of world economy, have vowed to crack down on the practice blamed for helping conceal money laundering, corruption and tax evasion

    The leak of 11 million documents from a Panama-based law firm offers a glimpse into the shadowy world where the rich and powerful hide their money, raising sharp questions about the use of shell companies that obscure the identities of their true owners, even if they aren’t illegal by themselves.

  • Thursday, April 7th 2016 - 06:34 UTC

    BOTs reaffirm self-governance and self-determination in reply to MP Corbyn's comments

    The head of Labor Jeremy Corbyn called for UK direct rule of BOTs, following revelations from the Panama Papers

    British Overseas Territories said they hoped that the Labour Party and other parties in the UK Parliament will remain consistent in their support for the self-governance and self-determination of the people of the BOTs and their continued growth and development.

  • Wednesday, April 6th 2016 - 08:19 UTC

    Ex Transport Secretary involves Nestor and Cristina Kirchner in purchase of out of service trains

    Jaime gave a long list of high profile names as the spoke before Federal Judge Julián Ercolini on the operation involving second hand carriages and engines

    Discouraging week for the Kirchner family and followers, despite the fact that he name of their main political enemy, Mauricio Macri, has cropped up in the Panama Papers. Not only Lazaro Baez, the dominant public works contractor in Santa Cruz province, and believed to be a straw man for the Kirchner family has been arrested and faces questioning on a money laundering investigation, but also former Transport Secretary Ricardo Jaime implicated the Kirchner couple and a former minister in a multimillion purchase of damaged railway materials.

  • Wednesday, April 6th 2016 - 08:03 UTC

    Kirchnerite businessman arrested; faces charges of money laundering and fiscal fraud

    Lazaro Baez in the good old times with some influential friends, Nestor and Cristina Kirchner

    An Argentine powerful public works contractor from the province of Santa Cruz and close associate of the Kirchner family, Lazaro Baez was arrested on Tuesday afternoon when he arrived in his private Lear Jet to a Buenos Aires airport. Considered one of the wealthiest men in the southern province, political turf of the Kirchner family, and with an 'unrivaled' talent for business, Baez is a main suspect of an investigation into alleged money laundering.

  • Wednesday, April 6th 2016 - 07:57 UTC

    Obama on Panama Papers: “a lot of it is legal, but that's exactly the problem”

    “A lot of it is legal, but that’s exactly the problem. It’s not that they’re breaking the laws, it’s that the laws are so poorly designed.”

    United States President Obama hailed new Treasury Department rules cracking down on corporate tax inversions Tuesday, calling the practice of merging with a foreign company to escape U.S. taxes “one of the most insidious tax loopholes out there.”