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MercoPress, en Español

Montevideo, January 31st 2026 - 16:46 UTC

Economy

  • Monday, May 2nd 2016 - 07:54 UTC

    Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

    The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress”, Finance Secretary Luis Caputo said.

    Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.

  • Monday, May 2nd 2016 - 05:56 UTC

    Maduro announces 30% increase in the minimum wage

    The new minimum is equivalent to US$ 1.500 at the official exchange rate, but around US$ 50 at the current black market rate

    Venezuela's president Nicolas Maduro has ordered a 30% increase in the minimum wage, the latest move by the socialist government to grapple with high inflation and economic stagnation.

  • Monday, May 2nd 2016 - 05:34 UTC

    Venezuela moves local time 30 minutes up, back to normal

    The measure is part of a government plan to attend to the electrical and water emergency caused by the drought, aggravated by this year's El Niño

    Venezuelan government on Sunday moved local time up 30 minutes, to four hours behind UTC, with an eye toward dealing with the emergency caused by the ongoing severe drought. The time change will enter into effect as of this month and brings Venezuela back to the time schedule that prevailed until 2007, when the government shifted the nation's clocks back by half an hour.

  • Sunday, May 1st 2016 - 13:45 UTC

    Consumers want seafood traceability, according to survey commissioned by MSC

    In 21 countries 65% of consumers said they would like to know that their fish can be followed along the supply chain to a sustainable source.

    The results of the latest market study commissioned by the Marine Stewardship Council (MSC) reveal an interest among consumers in seafood traceability. Surveys conducted among more than 16,000 seafood consumers globally indicate that over 55% do not trust the labeling of the seafood they consume. In Spain, this value is even higher: 61% of Spanish seafood consumers doubt whether the products they consume are what their packaging reads.

  • Sunday, May 1st 2016 - 13:43 UTC

    Magallanes region unemployment during the first quarter reached 3.1%

    By gender men's unemployment reached 3.4%, half a point percentage increase over a year ago and for women there was a 0.6 percentage point drop to 2.6%.

    Magallanes Region in the extreme south of Chile has an unemployment rate of 3.1% during the first quarter of the year, which represents a 0.1 percentage point increase over the same period a year ago, according to the latest stats.

  • Saturday, April 30th 2016 - 12:12 UTC

    Argentine unions take to the streets to protest job cuts and inflation

    ”This is a historic gathering ... We understand that the interests of the workers come before the interests of the union leaders,” said Hugo Moyano

    Argentina’s strongest unions brought thousands of people into the streets Friday to protest high inflation and job cuts in the biggest demonstrations against President Mauricio Macri since he took office in December. Demonstrators waving blue and white Argentine flags flooded the main avenues of Buenos Aires, blocking traffic in a protest that brought together rival unions that put aside differences to protest Macri’s policies.

  • Saturday, April 30th 2016 - 11:45 UTC

    YPF will fight back legal claim seeking US$ 500 million for rescinding contracts

    YPF said it was notified that it must pay damages of US$184.5 million to Brazilian electric utility AES and US$319.1 million to Transportadora de Gas del Mercosur

    Argentina's state-run energy company YPF said this week it will fight a legal claim seek more than US$500 million in damages for rescinding natural gas export contracts in 2009. “YPF shall use all its legal resources to defend its interests and those of its shareholders,” the company said in a filing with the Buenos Aires Stock Exchange.

  • Friday, April 29th 2016 - 06:50 UTC

    Brazil's central bank leaves benchmark rate at 14.25% forced by stubborn inflation

    “The distance between inflation expectations and the inflation targeting regime objectives do not allow monetary policy easing” said the bank's release.

    Brazil's central bank left its benchmark interest rate on hold at 14.25% for a sixth consecutive time, amid stubbornly high inflation and political uncertainty. The bank which makes rate decisions eight times a year has held its key Selic rate steady since the last of seven consecutive hikes in July 2015.

  • Friday, April 29th 2016 - 06:42 UTC

    Chilean mining minister inaugurated the British Pavilion at Expomin 2016 in Santiago.

    Chilean Mining Minister, Aurora Williams, Ambassador Fiona Clouder, and UKTI-Chile Director inaugurate the British Pavilion at Expomin 2016

    Chilean President Michelle Bachelet and Mining Minister Aurora Williams officially inaugurated Expomin 2016. During her tour through the exhibition, Minister Williams visited the British pavilion, joined by Ambassador Fiona Clouder and UKTI Director Trevor Hines.

  • Friday, April 29th 2016 - 06:27 UTC

    ''Vote Leave'' Chair says leaving the EU will not affect UK protection of Overseas Territories

    “Our overseas territories deserve our protection and they will continue to get it,” Ms Stuart said according to the transcript of the Foreign Affairs Committee

    Withdrawal from the European Union will not affect the protection the UK provides for its overseas territories, the chair of Vote Leave, Gisela Stuart, has told MPs in the House of Commons.