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MercoPress, en Español

Montevideo, November 5th 2025 - 17:20 UTC

Economy

  • Sunday, April 3rd 2016 - 07:33 UTC

    Uruguay reaffirms allegiance to Mercosur but admits serious challenges

    Mercosur is a fundamental legal milestone in regional integration, and a turning point in the history of member countries, said Uruguay's foreign minister Rodolfo Nin Novoa during a conference celebrating the 25th anniversary, (March 1991), of the founding of the South American group, who nevertheless admitted serious challenges.

  • Saturday, April 2nd 2016 - 08:07 UTC

    Argentina and China reaffirm strategic relation and agree to review contracts

    The meeting of the two delegations headed by presidents Macri and Xi Jinping in Washington

    China has agreed to review contracts signed with Argentina, which need modifications, for the sake of transparency, according to Buenos Aires sources, but the overall strategic relation between the two countries and a raft of accords in different fields stands and is expected to continue to grow.

  • Saturday, April 2nd 2016 - 07:04 UTC

    How hedge funds held Argentina for ransom

    Companies involved include some of the best-known vulture funds, including NML Capital, subsidiary of Elliott Management, a hedge fund co-led by Paul Singer

    By Martin Guzman and Joseph E. Stiglitz (*) - Perhaps the most complex trial in history between a sovereign nation, Argentina, and its bondholders — including a group of United States-based hedge funds — officially came to an end yesterday (March 31) when the Argentine Senate ratified a settlement.

  • Friday, April 1st 2016 - 07:44 UTC

    UK at Chile's Air and Space Fair offering a significant range of defense products

    This significant UK presence reflects the strong commitment that UK companies have to Chile, the Armed Forces and the region.

    Partnership, disaster relief, industrial cooperation and innovation are the main UK themes as UK companies exhibit a range of world beating defense capabilities at Chile's FIDAE 2016, some attending for the first time, others as a result of having exhibited at a successful FIDAE 2014.

  • Friday, April 1st 2016 - 06:38 UTC

    Busy year ahead for Gibraltar's cruise industry: 227 calls are scheduled

    This year Gibraltar is due to host 91 ships belonging to 37 different operators on 227 occasions. Cruise calls for 2015 were 204 and 181 in 2014.

    Representatives from Gibraltar have attended the annual Seatrade Cruise Global Convention took place in Fort Lauderdale, Florida. The event, which took place between March 14-17, brings together professionals from in all aspects of the cruise industry, including cruise lines, ports and ground handlers.

  • Friday, April 1st 2016 - 06:07 UTC

    Total/Exxon/Mobil drilling offshore Uruguay a record-deep well; first since 1976

    The well was spud at the “Raya/1” prospect in Block 14 by the Maersk/Venturer drilling ship

    A consortium led by France's Total and U.S.-based super major ExxonMobil Corp started this week drilling for oil off Uruguay, Industry, Energy and Mining Minister Carolina Cosse announced. Uruguay is totally reliant on imports for its oil and has for decades tried to discover possible hydrocarbons resources both in the continent and offshore.

  • Thursday, March 31st 2016 - 22:54 UTC

    Argentine congress overwhelmingly approves deal with creditors to end 15-year conflict

    The senate began debating on Wednesday morning and on early Thursday passed the measure by 54 votes to 16.

    After 13 hours of debate, Argentina's senate voted overwhelmingly to approve a deal with creditors in the US, putting an end to a sovereign bonds' dispute that had lasted 15 years. The deal was reached in late February, and the Lower House passed it earlier this month. The senate began debating on Wednesday morning and on early Thursday passed the measure by 54 votes to 16.

  • Thursday, March 31st 2016 - 15:28 UTC

    Singapore's Changai best world airport; three Japanese terminals in top ten

    The multiple award-winner also boasts attractions from the tallest slide in an airport to high-end shops and hawker food, making many travelers sorry to leave.

    Singapore’s Changi Airport has been named the best airport in the world for the fourth consecutive year in Skytrax’s World Airport Awards. Changi, which bagged the top spot for the seventh time, also won for best airport for leisure amenities and was hard to beat with a rooftop swimming pool and spa, free 24-hour cinema, and even butterfly and cactus gardens.

  • Thursday, March 31st 2016 - 08:25 UTC

    Chile confirms the loss of 39.000 tons of salmon equivalent to toxic algae

    Burgos explained that 57% of salmon was absorbed by processing plants manufacturing fishmeal while another 30.3% was discarded in landfills.

    Some 25 million of fish -- equivalent to 39,942 tons of dead biomass -- was the final balance of the emergency caused by algae bloom in 45 farms in the salmon farms of the southern region of Chile, Los Lagos, reported SERNAPESCA, director José Miguel Burgos. A several month’s bloom of toxic algae causes ravage in south Chile salmon and trout farms.

  • Thursday, March 31st 2016 - 06:37 UTC

    Three mega-cruise vessels with 14.000 passengers coincide at St. Kitts and Nevis

    Oasis of the Seas, the world’s second largest cruise ship, set sail from Fort Lauderdale in Florida, carrying 6,400 passengers on a nine-night Caribbean cruise

    Three mega luxury cruise liners – Oasis of the Seas, Navigator of the Seas, and Costa Favalosa coincides this week with close to 14,000 passengers at the Caribbean islands of St. Kitts and Nevis and, along with them, hopes of increased business for locals. The capital Basseterre and its environs were bustling with string-band musicians, taxi-drivers competing for tours, tourists soaking up the sun, restaurants and stores full of visitors, and vendors busily plying their trade.