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MercoPress, en Español

Montevideo, October 26th 2026 - 13:21 UTC

Economy

  • Monday, May 23rd 2016 - 09:12 UTC

    Gibraltar has benefited from 60m Euros in EU funding

    Picardo said “membership of the EU has allowed Gibraltar to access EU funding. This is an advantage for local businesses and also for employment”

    On the day that the Chief Minister Fabian Picardo and the Deputy Chief Minister Dr. Joseph Garcia leave for Brussels, the Government of Gibraltar considers that it is important to highlight the fact that Gibraltar stands to receive a total of nearly 60 million Euros in EU funding since the first allocation of such funds was made in 1990. This includes the current program.

  • Saturday, May 21st 2016 - 08:46 UTC

    Malcorra successfully completes negotiations with China and meets on Monday in Buenos Aires with Serra

    On Thursday Malcorra met her peer Wang Yi and said projects signed with Beijing were reviewed satisfactorily, and the strategic association was ratified

    Argentina's foreign minister Susana Malcorra held another round of talks with high level Chinese officers in Beijing, as part of her official visit to China to promote trade, investment and the special strategic relation between the two countries. But also cut short her visit to other countries to be back in Buenos Aires next Monday in time to meet with her new Brazilian peer, Jose Serra to address the bilateral agenda and Mercosur among other issues.

  • Friday, May 20th 2016 - 11:16 UTC

    Brazil's economic interests will prevail over ideological goals, says new foreign minister

    “Diplomacy will return to transparently and firmly reflecting the legitimate values of Brazilian society and the interests of its economy” underlined Serra

    The foreign minister for Brazil's new government following the suspension of president Dilma Rousseff said that Brasilia will now pursue economic interests over ideological goals. Jose Serra, nominated by acting president Michel Temer in the wake of Rousseff's suspension for an impeachment trial, signaled that Brazil would no longer be part of the loose left/leaning alliance that exists across several Latin American countries.

  • Friday, May 20th 2016 - 10:28 UTC

    Argentina expected to export 25% fewer soybeans because of the extensive floods

    The USDA maintained its export forecast of 11.4 million metric tons, however, despite skepticism from market watchers.

    Argentina could export up to 25% fewer soybeans this year than last, analysts said, after severe rains left many fields underwater, damaging oilseed quality. In April, floods inundated key farm areas of Argentina, the world's third-biggest exporter of raw soybeans, prompting the U.S. Department of Agriculture to slash its forecast for soybean output to 56.5 million metric tons this year.

  • Friday, May 20th 2016 - 10:05 UTC

    Macri in the threshold of a major political storm over a possible veto of a labor bill

    The veto of the bill is expected to be announced by Macri on Friday morning at a poultry complex which has received government support to ensure jobs.

    Argentine president Mauricio Macri is expected to veto a controversial labor bill which was approved early Thursday after a marathon session in the Lower House of Congress. The bill passed with 147 votes in favor, 3 votes against it and 88 abstentions includes the declaration of the employment emergency during 180 days and a double compensation in the event of layoffs, for a period of six months.

  • Friday, May 20th 2016 - 06:48 UTC

    Argentina reassures China bilateral cooperation remains a priority for the Macri administration

    After a meeting with her Chinese counterpart Wang Yi, Argentine Foreign Minister Susana Malcorra said investment projects with China would go ahead.

    Argentina on Thursday sought to reassure China that bilateral cooperation remained a priority for its new government amid growing concerns over political changes in the South American country. After a meeting with her Chinese counterpart Wang Yi, Argentine Foreign Minister Susana Malcorra said investment projects with China would go ahead.

  • Thursday, May 19th 2016 - 12:15 UTC

    Monsanto threatens to leave Argentina on a seeds' inspection dispute

    The US company issued a statement saying it was ‘disappointed‘that talks with the Argentine government had not yielded an agreement on the inspection issue.

    The seeds' multinational Monsanto Co. said it would suspend future soybean technologies in Argentina, a move that could limit output of the country’s main cash crop, after a disagreement with the government over inspections of genetically modified soybeans.

  • Thursday, May 19th 2016 - 12:02 UTC

    Minutes show Fed could be ready for an interest rate in June

    The suggestion that a rate increase in June is firmly on the table suggests the Fed is closer to tightening monetary policy again

    Federal Reserve officials consider the United States economy could be ready for another interest rate increase in June, according to the minutes from the central bank's April policy meeting released on Wednesday. Most participants in the policy-setting committee's April 26-27 meeting said they wanted to see signs that economic growth was picking up in the second quarter and that employment and inflation were firming, the minutes showed.

  • Thursday, May 19th 2016 - 06:33 UTC

    Falklands' Rockhopper announces double contingent oil reserves: over 300m barrels

    Rockhopper owns more than 50% of two oilfields, Sea Lion and Isobel Elaine, which are now estimated to hold 747 million barrels of oil and gas reserves

    Falkland Islands oil and gas producer Rockhopper Exploration Plc has announced that its net contingent oil reserves have doubled to more than 300 million barrels, and independent experts are now eyeing this as nearly billion-barrel basin.

  • Wednesday, May 18th 2016 - 12:21 UTC

    Petrobras: Temer pledges judicial independence and respect for prosecutors nomination process

    Temer told Globo TV he would maintain the tradition of nominating the candidate chosen by the corps of prosecutors

    Brazil's interim president, Michel Temer said he would continue a tradition of nominating a prosecutor general who comes recommended by peers, allaying concerns about judicial independence. Justice Minister Alexandre de Moraes, sworn in last week as part of Temer's new government, told the Folha de S.Paulo newspaper in an interview that the prosecutor general of Brazil could be selected at will by the president.