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MercoPress, en Español

Montevideo, January 31st 2026 - 13:22 UTC

Economy

  • Wednesday, June 17th 2015 - 05:14 UTC

    Tierra del Fuego's May inflation almost three times the official 1% rate

    Tierra del Fuego is ruled by Governor Fabiana Ríos a close ally of President Cristina Fernandez.

    Tierra del Fuego's Consumer Prices Index, CPI for May was almost three times higher than the Argentine government official index from stats office Indec: 2.7% against 1%. The percentage was provided by Tierra del Fuego's Stats and Census Office, which also shows that in the first five months of the year inflation reached 11.4% and 28% in the last twelve months, well above the 15.3% from Indec.

  • Wednesday, June 17th 2015 - 04:38 UTC

    Falklands have a bright future and Islanders the resolve to face harassment and bullying

    Foreign Office Minister Hugo Swire MP delivers his speech

    The Falkland Islands have a bright future, not without challenges, or harassment or bullying, but the Islanders will face them with the same strength, tenacity and resolve that helped them through the conflict 33 years ago, said Foreign Office minister Hugo Swire at the annual Falklands' Government Reception in London.

  • Tuesday, June 16th 2015 - 06:11 UTC

    Argentina's May official inflation 1% or half that claimed by private consultants

    According to Indec in May Clothing was up 2%; Housing and Basic Services, 1.6%; Education, 1.3%; Home Appliances, Transport, Communications, 1.1%.

    Argentina's National Statistics and Census Institute, Indec reported on Monday that the inflation rate for May reached 1%, totaling 15.3% in the last twelve months and 5.7% for the first five months of 2015.

  • Tuesday, June 16th 2015 - 06:03 UTC

    Brazil's auto industry faces plummeting sales and widespread layoffs

    At least 6,000 workers in auto factories have been laid off since January, officials say, and another 20,000 put on furlough

    Plummeting auto sales in Brazil amid the country's worst economic situation in a decade have battered the industry that makes up one-fourth of the country's industrial gross domestic product and has led to widespread layoffs and mandatory leaves.

  • Tuesday, June 16th 2015 - 04:47 UTC

    Brazil's housing market falling as interest rates rise and the economy slows

    Brazil's amazing housing boom appears to be over: house prices in Sao Paulo had soared by 113% (inflation-adjusted) from 2007 to 2013

    Brazil's housing market is now declining, amidst subdued economic growth and some civil unrest. In Sao Paulo, house prices dropped 1.2% during the year to Q1 2015, after annual price increases of 0.83% in Q4 2014, 3.29% in Q3 2014, 5.37% in Q2 2014 and 6.71% in Q1 2014

  • Monday, June 15th 2015 - 06:44 UTC

    Catholic Church points out that 25% of Argentines are below the poverty line

    “The Catholic University Social Debt Observatory findings of 2013 are correct, poverty in Argentina is in the range of 25%”, said Monsignor Jose Arancedo

    The Argentine Catholic Church has stood out strongly on the controversy that has followed President Cristina Fernandez statement before the FAO assembly in Rome arguing that poverty in Argentina is below 5%, which was later made superlative by her spokesperson and cabinet chief Anibal Fernandez arguing that poverty in Argentina was less than in Germany or Denmark.

  • Saturday, June 13th 2015 - 07:59 UTC

    Rousseff and Lula da Silva try to convince the party to support austerity measures

    “We are here to show that the Workers’ Party is alive and prepared for new challenges. Injured, yes, but alive,” Lula da Silva said.

    Brazil's embattled president Dilma Rousseff with the help of her political mentor. Lula da Silva managed on Thursday night to plea support from the ruling Workers Party, WP, delegates for drastic spending cuts designed to restore confidence in Latin America's largest but battered economy.

  • Saturday, June 13th 2015 - 07:17 UTC

    Global share markets slump as Greece nears a default cliff

    On Thursday officials from the International Monetary Fund (IMF) pulled out of talks with Greek politicians in Brussels, citing “major differences”.

    Shares on European stock markets have fallen amid reports that senior EU officials have discussed a possible Greek default for the first time. The Athens stock exchange closed on Friday nearly 6% lower. Germany's Dax and France's Cac 40 ended more than 1% lower. Shares also fell in the US, with the Dow Jones index dropping 0.8%.

  • Friday, June 12th 2015 - 06:33 UTC

    Argentina's CPI in May reached 2% and 28.7% in the last twelve months

    “The presses were turned on again to print Pesos with the purpose of propping the economy and thus we're back again at the 2.12% of March”, said Bullrich

    Argentina's Consumer price index, CPI, during May climbed 2% reaching 28,7% in the last twelve months, according to the Congressional monthly report from opposition lawmakers, which is an average of private consultants. The data was released on Thursday with strong words against President Cristina Fernández statements in Rome that poverty in Argentina was 5%, virtually less than Denmark and Germany.

  • Friday, June 12th 2015 - 06:02 UTC

    World Bank forecasts Argentina will regain access to capital markets in 2017

    Economic activity “will pick up” in the next two years due to a “stronger macroeconomic environment and regained access to global capital markets.”

    The World Bank is optimistic about the outlook for the Argentine economy, predicting the country’s GDP will grow 1.1% this year, a considerable upgrade from the decline of 0.3% it expected in January, and perhaps even stronger growth of 1.8% in 2016 and of 3% points in 2017, thanks to a “stronger” macroeconomic environment and “regained” access to international capital markets.