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MercoPress, en Español

Montevideo, January 31st 2026 - 13:39 UTC

Economy

  • Friday, April 15th 2016 - 05:04 UTC

    St Helena reaches to the world: 21 May airport official opening with presence of Prince Edward

    The £250 million airport aims to provide air services to St Helena, fulfilling the UK Government’s commitment to maintaining access to the island

    The Government of St Helena has announced that the official opening of the island's new airport is set to take place on 21 May 2016, in the presence of HRH The Prince Edward, Earl of Wessex. For the British Overseas Territory island in mid Atlantic and with an only monthly sea link, the airport means a dream come true, and both the St Helena and UK governments hope that this will lead to eventual financial self-sustainability.

  • Thursday, April 14th 2016 - 09:18 UTC

    World's largest private coal miner has filed for bankruptcy protection in the US

    “This was a difficult decision, but it is the right path forward for Peabody,” said CEO Glenn Kellow.

    Peabody Energy, the world's largest privately-owned coal miner, has filed for bankruptcy protection in the US after a sharp fall in coal prices left it unable to repay its debts. The firm said the move was aimed at reducing debt and that all its mines and offices would continue to operate.

  • Thursday, April 14th 2016 - 05:48 UTC

    US court opens the way for Argentina's return to world money markets

    Three judges on the court of appeals upheld a ruling by Judge Griesa to lift an injunction that had barred Argentina from paying its creditors

    The United States Court of Appeals paved the way on Wednesday for Argentina to raise billions of dollars to pay a group of hedge funds, bringing it one step closer to re-entering international markets for the first time in 15 years. In a ruling from the bench, three judges on the court of appeals upheld a ruling by Judge Thomas Griesa of District Court in Manhattan to lift an injunction that had barred Argentina from paying its creditors and eventually led the country to default in 2014.

  • Wednesday, April 13th 2016 - 06:07 UTC

    Cristina Fernandez to testify on dollar/futures; supporters camping outside the courthouse in Buenos Aires

    Cristina Fernandez has been called to testify about alleged irregularities in dollar futures trading that led to losses of almost US$4 billion for the central bank.

    Hundreds of supporters are expected to cheer former Argentine President Cristina Fernandez during a court appearance on Wednesday after returning to Buenos Aires for the first time since November's election.Fernandez who governed Argentina for eight years, has been called to testify about alleged irregularities in dollar futures trading that led to losses of almost US$4 billion for the central bank. Her allies say no crime was involved and that she's being politically persecuted.

  • Wednesday, April 13th 2016 - 05:32 UTC

    Falklands launch collection of crown coins to honor the Queen's 90th birthday

    Falklands' One Crown. The reverse depicts the Queen’s official silver jubilee portrait from 1977, with a privy mark of Windsor Castle

    As the 90th birthday of Britain’s Queen Elizabeth II approaches, the British Overseas Territories of Ascension, British Antarctic Territory, British Virgin Islands, Falkland Islands, and South Georgia & South Sandwich Islands have launched a collection of crown coins to mark this milestone occasion.

  • Wednesday, April 13th 2016 - 05:15 UTC

    Companies with World Bank credits in Africa are linked to tax havens, claims Oxfam

    The Oxfam report showed that World Bank’s private lending arm lent money to 68 companies in 2015 for investments in Africa, 51 of the 68 companies use tax havens

    A report by the civil society network Oxfam has found, about 84% of the dollars invested in sub-Saharan Africa in 2015 by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, went to companies with presence in at least one tax haven.

  • Wednesday, April 13th 2016 - 05:03 UTC

    Ecuador signs US$ 1 billion investment deals to boost oil production in existing fields

    Petroamazonas signed a contract with Pañaturi consortium, made up of China’s Sinopec International and Sinopec Service Ecuador

    Ecuadorian state-owned energy firm Petroamazonas EP, which is looking to boost production at nine of its existing oil fields and on Monday signed a series of investment deals amounting to US$ 1 billion for those areas, enlisting the help of both domestic and foreign companies.

  • Tuesday, April 12th 2016 - 22:18 UTC

    Punta Arenas cruise season: 29% increase in the number of visitors landings

    The number of cruise vessel calls this season increased from 48 to 54. During the 2014/15 season, the number of cruise visitors landed was 78.908.

    Almost 30% more cruise visitors landed in Punta Arenas, extreme south of Chile, during the current 2015/16 season which is coming to an end. According to Chile's maritime migration officers, 109.746 cruise passengers and crew members were recorded, which represents a 29% compared to the previous season. The primary report was released by La Prensa Austral.

  • Tuesday, April 12th 2016 - 22:07 UTC

    EU farmers claim trade deal with Mercosur represents an “unacceptable risk”

    “We are aware the European Commission has tabled an offer that includes an import quota of 78,000 tons of beef”, revealed UFU president Ian Marshall.

    The first reactions to the announced Mercosur-European trade deal and exchange of proposals next week have surfaced. The Ulster Farmers’ Union president, Ian Marshall, says the European Union trade deal on offer to Mercosur countries is an ‘unacceptable risk’ to the livelihoods of farmers in Northern Ireland.

  • Tuesday, April 12th 2016 - 09:11 UTC

    First jet aircraft lands at St Helena recently finished airport

    Passengers coming off the Bombardier Challenger 300. It is scheduled to depart from St Helena next Friday

    Great day of the British Overseas Territory of St Helena: the first jet aircraft landed at the recently concluded airport in the island located in the middle of the Atlantic Ocean. The business jet was chartered by Air Safety Support International (ASSI) to bring its team of five personnel to St Helena to assess St Helena Airport.