Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, January 31st 2026 - 13:22 UTC

Economy

  • Thursday, July 2nd 2015 - 06:37 UTC

    Pacific Alliance summit takes off in Peru with business conferences

    The Business Summit is taking place on parallel with the participation of 30 international speakers, chief executives and business leaders from the region.

    The Xth summit of the Pacific Alliance took off on Wednesday with the attendance of presidents from Chile, Colombia, Mexico and Peru at the Peruvian sea-side resort of Paracas.

  • Thursday, July 2nd 2015 - 06:24 UTC

    Chile insists with Pacific Alliance/Mercosur intelligent convergence

    “We're making concrete strides so that our markets are connected, generate competition, more investment and better opportunities” said minister Valdés

    Chile will insist at the two-day Pacific Alliance summit which took off on Wednesday in Paracas, Peru, that a convergence with Mercosur is needed to ensure the integration of Latina America, and this is more evident now that both groupings face similar challenges such as falling prices for commodities, normalization of US monetary policy and an international context of slow growth.

  • Thursday, July 2nd 2015 - 06:13 UTC

    Mercosur summit will establish 'action plan' to speed discussions with Europe

    “Discussions with the EU continue to advance. We're planning a meeting next September between Mercosur members”, said Nin Novoa

    The Mercosur Council will establish an “action plan” at the next Mercosur presidential summit scheduled for 16/17 July in Brasilia, when the group's chair for the next six months will be handed to Paraguay by Brazil. Other issues on the agenda besides making Mercosur more flexible include addressing the 'special regimes' and the 'free trade zones' in the area, revealed Uruguay's foreign minister Rodolfo Nin Novoa.

  • Thursday, July 2nd 2015 - 06:04 UTC

    Brazil's budget during May back in the red; Congress restless about austerity

    A drop in tax revenues caused by a sharp economic contraction is complicating minister Levy's efforts to shore up the country's finances

    Brazil reported a primary budget deficit for May that was its widest for 2015, making its annual savings goal more difficult to achieve despite government efforts to raise taxes and cut spending. Central bank data showed a primary budget deficit of 6.9 billion Reais ($2.23 billion). This compared with a primary surplus of 13.445 billion Reais in April.

  • Thursday, July 2nd 2015 - 05:24 UTC

    Gibraltar hosts 35-country EU Small Business Association in Brussels office

    In his welcome remarks to ESBA, Sir Graham Watson said: “European Small Business Association is the driving force of Europe’s economy.”

    Gibraltar House in Brussels hosted a board meeting of the European Small Business Association (ESBA). The Gibraltar Federation of Small Businesses was a founding member of ESBA, and currently participates in it as a Board member. ESBA has its headquarters in the city and represents over one million small and medium-sized enterprises and self-employed people from 35 countries.

  • Wednesday, July 1st 2015 - 05:52 UTC

    Obama and Rousseff agree their nations are 'natural partners' and working on an 'upward trajectory'

    “I believe that this visit marks one more step in a new more ambitious chapter in the relations between our countries,” Obama said.

    President Barack Obama and visiting Brazilian President Dilma Rousseff sought Tuesday to cast their nations as “natural partners” collaborating closely on critical issues like climate and regional diplomacy, glossing over recent tensions over spying that have strained relations between the first and seventh world economies.

  • Wednesday, July 1st 2015 - 05:41 UTC

    Greece in IMF 'arrears'; it will default when it misses commercial payment

    S&P’s said it would designate Greece as being in default, if it cannot make payments to private creditors: ie €2 billion in Greek Treasury bills due 10 July

    Greece on Tuesday became the first developed country to join a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe. Those are a few of the countries that have missed payments to the IMF as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion Euros, or $1.7 billion, to the fund.

  • Wednesday, July 1st 2015 - 03:26 UTC

    Brazil celebrates the opening of the US market for its fresh beef

    Brazil expects to export 100,000 tons of beef to the US in the next five years. Abreu said the decision is like “getting a pass code” to access other markets.

    U.S. Department of Agriculture's Animal and Plant Health Inspection Service announced Monday that it is amending its regulations to allow imports of fresh (chilled or frozen) beef from (Argentina) and 14 states in Brazil. It's “the first step in a process for these regions to gain access to the U.S. market for beef”, the APHIS said in a statement.

  • Wednesday, July 1st 2015 - 02:57 UTC

    US opens its market to Argentine fresh beef imports; lemons still pending

    “This is the favorable and successful result of an arduous fight in international relationships and technical and agricultural questions,” Kicillof said

    Argentina announced that the United States APHIS (Animal and Plant Health Inspection Service) has allowed fresh beef imports from Argentina, lifting a 15-year ban which Buenos Aires had always considered 'unjustified' and bluntly 'protectionist' and as such had claimed before the WTO. In the same vein Argentina also anticipated it expected a similar decision from the US regarding Argentine lemons.

  • Tuesday, June 30th 2015 - 07:14 UTC

    EU leaders warn Greeks the referendum vote means “yes or no to the Euro zone”

    Greek Prime Minister Alexis Tsipras has urged a 'no' vote but insists he wants Greece to stay in the Euro zone

    European leaders have warned Greeks that rejecting creditors' proposals in a snap referendum called for Sunday would mean leaving the Euro. German Vice Chancellor Sigmar Gabriel said the vote would be “yes or no to the Euro zone”.