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MercoPress, en Español

Montevideo, October 26th 2026 - 15:37 UTC

Economy

  • Monday, May 2nd 2016 - 08:33 UTC

    Temer promises to combat corruption by strengthening anti-graft institutions

    Temer's critics have said he would try to hamper Brazil's biggest ever corruption probe, Car Wash, which has involved many politicians from own party PMDB

    A government led by Brazilian Vice President Michel Temer would press ahead with the country's corruption fight by strengthening anti-graft institutions and enacting tougher controls over state-run companies, and will also implement an education reform, according to a six chapter document leaked to the Sao Paulo media.

  • Monday, May 2nd 2016 - 08:18 UTC

    Macri claims Argentina hid unemployment with 'worthless public jobs', at Labor Day event with dissident union

    Macri was joined by First Lady Juliana Awada and Cabinet Chief Marcos Peña among other officials at the food workers union, May first celebration

    Argentine president Mauricio Macri attended an event at a dissident union headquarters in the City of Buenos Aires where he marked the Labour Day with unionized workers of the food sector, and blasted the previous administration for hiding unemployment with public jobs.

  • Monday, May 2nd 2016 - 08:13 UTC

    Argentines worried about inflation and unemployment; fuels increase 10% in May

    An overwhelming majority of respondents, 86% said inflation is the major concern, triggered by “the hikes in power and gas rates”

    A clear majority of Argentines are most worried about inflation and unemployment, a report by the D’Alessio IROL and Berenzstein private consulting agencies have showed.

  • Monday, May 2nd 2016 - 08:07 UTC

    Chile's economy slows down and unemployment climbs higher that forecasted

    Unemployment rose to 6.3% from 5.9% in the month-earlier period and from 6.1% the year earlier, the statistics agency reported last Friday.

    Chile's jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labor market, signaling stronger headwinds for South America's wealthiest 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.