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MercoPress, en Español

Montevideo, October 28th 2026 - 17:18 UTC

Economy

  • Tuesday, July 14th 2015 - 06:52 UTC

    China's exports in June rise, but imports fall for the eighth month running

    Imports were down 6.7%, taking the trade surplus 45% higher to 284.2bn Yuan.

    Exports in the world's second largest economy, China, have risen, ending three months of decline in June. Exports rose 2.1% in Yuan-denominated terms compared with a year ago, up to 1.17tn Yuan ($187bn).

  • Tuesday, July 14th 2015 - 06:28 UTC

    Hillary Clinton vows banks cannot be “too big to fail” since it's still “too big a problem”

    A former first lady and US senator, Clinton is the clear favorite to win the Democratic nomination for the November 2016 US presidential election

    US presidential candidate Hillary Clinton criticized Wall Street and her Republican rivals, promising to impose tougher regulations on banks and raise the wages of ordinary Americans if she wins the 2016 White House race. Under pressure from a campaign rival on the left, Clinton said she would appoint strict overseers to ensure that financial institutions never again indulge in the risky behavior that helped cause the 2008 banking crash.

  • Tuesday, July 14th 2015 - 06:07 UTC

    Caricom considering ECLAC proposal to write-off its multilateral debt

    The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC)

    The Caribbean Community, Caricom is considering a proposal for the region to pursue gradual write-off of its multilateral debt as a means of economic prosperity. The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC), at the 36th Regular Meeting of the Heads of Government of the Caribbean Community, held in Barbados.

  • Tuesday, July 14th 2015 - 06:00 UTC

    Brazil's economic team reaching out to credit rating agencies for a vote of confidence

    A downgrade from investment to speculative “junk” status would be a significant blow to Rousseff’s plan to revive investment and growth in Brazil

    Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff’s austerity push won’t fully offset plunging government revenues.

  • Monday, July 13th 2015 - 09:21 UTC

    Venezuela will stop buying Guyana rice amid escalating border dispute

    Finance minister Jordan said Venezuelan officials informed him that they will be acquiring rice from other suppliers, including Suriname, by the end of the year.

    Venezuela has decided to stop buying much of Guyana's rice crop amid an escalating border dispute between the two neighboring countries, the Guyanese finance minister said. The administration of president Nicolas Maduro has in the past four years purchased about 40% of Guyana's rice production, about 200,000 tons, paying for it with oil that amounts to about half of Guyana's daily supply needs.

  • Saturday, July 11th 2015 - 06:45 UTC

    Keeping Falklands pristine: waste fuels and oil recycled into energy

    Miller at the oil yard depot and the IBC's. A four ton oil tank currently being pumped comes from the current Noble Energy Humpback exploration drill.

    The Falkland Islands have been for many years utilizing waste fuels and oil for energy from a variety of different sources and now the oil companies operating in the Falklands, having complied with all the safety regulations on storage and handling, are also contributing to the local 'processing' industry managed by Tim Miller and his greenhouse fresh vegetables enterprise.

  • Saturday, July 11th 2015 - 06:18 UTC

    Premier Oil Falklands' exploration budget increased given successful drilling

    2015 exploration expenditure has increased by $20m to around $240m primarily due to additional expenditure on the Isobel Deep well in the Falklands

    Premier Oil has increased its 2015 exploration budget by $20 million to account for higher investments in its drilling campaign in the Falkland Islands, the company said this week in a trading update. The company also revealed it is considering further drilling at the Isobel Deep recent discovery instead of going on to Jayne East in North Falkland.

  • Saturday, July 11th 2015 - 05:30 UTC

    IMF trims forecast for global growth because of recent US economy weakness

    “Stress tests reassure us and make us think that if things go badly in Greece ... the rest of the world would probably survive quite well,” Blanchard said.

    The International Monetary Fund has trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States. But the global financial institution said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets.

  • Friday, July 10th 2015 - 08:07 UTC

    Long term unemployed or low-paid becoming a major challenge for developed countries

    ”Time is running out to prevent the scars of the crisis becoming permanent, with millions of workers trapped at the bottom of the ladder,’ said Gurria

    The financial crisis dealt a blow to the jobs and future prospects of many workers around the world, particularly in Europe. But while unemployment in Europe is now falling for the most part, deeper technological change is making it harder than ever for people to get out of the long-term unemployment or low-paid, insecure jobs they were plunged into by the crash, according to a new report by the Organization for Economic Co-operation and Development.

  • Friday, July 10th 2015 - 07:51 UTC

    In a world of high debts, ”we have to be ready for episodes like this (Greece)” says IMF

    Blanchard said Greece is a small part of the world economy and its possible exit from the Euro zone should have limited impact on the rest of the world

    The International Monetary Fund on Thursday said it seemed Greece's crisis and market volatility in China would not affect when the US Federal Reserve chooses to raise interest rates. However earlier in the week the IMF suggested United States delays raising interest rates, warning that economic growth could be “significantly debilitated” by a soaring greenback.