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MercoPress, en Español

Montevideo, October 25th 2026 - 11:04 UTC

Economy

  • Thursday, May 26th 2016 - 11:51 UTC

    A debt agenda for G7 meeting in Japan

    In the United States, the Congressional Budget Office estimates that the federal government debt doubled over the past decade, from 36% of GDP to 74% of GDP.

    By Martin Feldstein - On May 26-27, the heads of the Group of Seven leading industrial countries will gather in Japan to discuss common security and economic problems. A major common problem that deserves their attention is the unsustainable increase in the major developed countries’ national debt. Failure to address the explosion of government borrowing will have adverse effects on the global economy and on debt-burdened countries themselves.

  • Thursday, May 26th 2016 - 06:53 UTC

    Rousseff claims Temer intends to “privatize” Brazil's pre-salt oil reserves

    The pre-salt region is estimated to hold tens of billions of barrels of crude equivalent, at 7.000 meters depths offshore Brazil's southeastern coast.

    Brazil's suspended president, Dilma Rousseff, on Wednesday accused interim head of state Michel Temer of intending to “privatize” the oil discovered in recent years in deep waters of the Atlantic Ocean and thus deprive the nation's education sector of funding.

  • Thursday, May 26th 2016 - 06:05 UTC

    Argentina confident Patagonia's shale formation foreign interest remains strong

    “Vaca Muerta will continue to be for YPF and, for the country, a very good option to regain the energy sovereignty,” minister Aranguren said

    Argentina's Vaca Muerta shale formation in Patagonia remains an attractive asset for international investors, many of which are looking to increase the amount they have invested so far, according to the country's Energy Minister Juan José Aranguren, a former Shell Argentina CEO.

  • Thursday, May 26th 2016 - 05:45 UTC

    Maersk Lines leaving Montevideo port because of logistic operations problems

    Maersk contracted bathymetry surveys, and reached the conclusion that the area was “not safe enough” for the its vessels, particularly docking operations

    Maersk Lines, one of the world's leading shipping line has announced it won't be operating any longer in the port of Montevideo, Uruguay, because of logistic problems with the operations of its vessels.

  • Thursday, May 26th 2016 - 05:03 UTC

    Macri's government in “100% agreement” with the Church's dialogue message

    “We are 100% in agreement with the message from the Church, we agree with the creation of dialogue rounds”, underlined cabinet Chief Peña, following the religious service.

    Argentina's cabinet chief Marcos Pena said president Mauricio Macri administration was “100% in agreement” with the Catholic church 25 May Day message “to leave aside statistics, think in the Argentine people and not fight among ourselves”.

  • Wednesday, May 25th 2016 - 08:52 UTC

    Paris police raids Google's offices as part of a tax fraud investigation

    About 100 tax fraud police, with 25 computer experts, swooped on Google's offices at 5.00am to investigate charges of aggravated tax fraud and money-laundering.

    Paris police raided the headquarters of Google in France on Tuesday as part of an investigation into tax fraud that has been running since 2011. About 100 tax fraud police, including 25 computer experts, swooped on Google's offices at 5.00am to investigate charges of aggravated tax fraud and money-laundering.

  • Wednesday, May 25th 2016 - 08:46 UTC

    Argentina's April inflation 6.7%, according to the Congress Index

    “The utility rates increase explain more than two thirds of the month's inflation”, said the release

    Argentina's April inflation climbed to a record 6.7%, and 19.4% in the first four months of the year, according to the latest Congress Index, announced on Tuesday. Public utility rates were blamed for two thirds of the April increase, the highest for a month since 2002.

  • Wednesday, May 25th 2016 - 08:35 UTC

    Argentine government agrees a 400% cap on natural gas hikes for Patagonia provinces

    “We decided that no Patagonian resident will pay hikes above 400%” Interior Minister Rogelio Frigerio said.

    The Argentine government has announced a cap on hikes to natural gas prices for the country’s southernmost provinces, after pushback from governors, the Judiciary and even local demonstrators prompted Energy Minister Juan Jose Aranguren to reconsider the scope of his most recent reforms.

  • Wednesday, May 25th 2016 - 08:16 UTC

    Brazil with a current account surplus in April, first since 2009

    “This result took us a little by surprise. We were aiming for this but the surplus came a little earlier than expected”, Tulio Maciel said.

    Brazil recorded a public current account surplus of US$412 million in April, the first positive result since 2009. Brazil's central bank's chief economist, Tulio Maciel, on Tuesday said the result was way better than anticipated.

  • Wednesday, May 25th 2016 - 07:02 UTC

    UK tremor: North Yorkshire approve fracking operations

    The vote triggered a fierce response from environmentalists who see fracking as a threat to local countryside and a deviation from UK climate-change promises.

    The first fracking operation in the UK since 2011 earthquake scares has been approved by North Yorkshire councilors, stirring a fresh debate on the benefits and risks of the controversial gas extraction method. Councilors granted permission to UK firm Third Energy to use hydraulic fracturing, or fracking, at an existing drilling site near the village of Kirby Misperton.