Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, July 5th 2025 - 01:06 UTC

International

  • Thursday, July 9th 2015 - 02:38 UTC

    Don't panic, nothing has really changed in the oil markets

    Demand for oil is heading towards record levels both internationally and in the U.S. The Greek issue is not new and it has not changed.

    Monday's 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market.

  • Wednesday, July 8th 2015 - 09:08 UTC

    Chinese markets' volatility edging 'panic sentiment', admit regulators

    Chinese regulators made a string of pledges on Wednesday to try and ease the “panic sentiment” in the market

    Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China's regulators to try and stabilize the recently volatile market.

  • Wednesday, July 8th 2015 - 08:12 UTC

    Grexit Day next Sunday, Euro Zone members warn Tsipras

    “Until now I have avoided talking about deadlines, but tonight I have to say loud and clear that the final deadline ends this week” said Donald Tusk

    Euro zone members announced on Tuesday that they have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin.

  • Wednesday, July 8th 2015 - 08:03 UTC

    Obama calls Merkel and Tsipras calling for constructive talks

    The president “reiterated that it is in everyone's interest that Greece and its creditors reach a mutually-acceptable agreement”

    President Barack Obama on Tuesday analyzed the Greek situation in separate telephone calls to Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel, the White House said. Obama began his day with a phone conversation with Merkel, followed by another call to Tsipras.

  • Wednesday, July 8th 2015 - 07:21 UTC

    Chile official involved in 2018/2022 World Cup inspections, suspended by FIFA

    “I wonder why FIFA publishes a sanction that has outstanding resources, as this may be modified by higher courts”, said Harold Mayne-Nicholls

    The official chosen by FIFA to inspect 2018 and 2022 World Cup hosting candidates was banned from football for seven years for breaking ethics rules. FIFA’s ethics committee gave no reason for its decision to suspend Harold Mayne-Nicholls, a former president of Chile’s soccer federation who is disputing the sanction.

  • Wednesday, July 8th 2015 - 01:05 UTC

    WHO: Stepped up government tax action needed to curb tobacco epidemic

    “Raising taxes on tobacco products is one of the most effective ways to reduce consumption of products that kill”, Dr Margaret Chan said.

    Too few governments levy appropriate levels of tax on cigarettes and other tobacco products. They therefore miss out on a proven, low-cost measure to curb demand for tobacco, save lives and generate funds for stronger health services, according to the World Health Organization’s Report on the Global Tobacco Epidemic-2015.

  • Tuesday, July 7th 2015 - 10:00 UTC

    Chinese markets volatility continue despite government measures

    Shanghai Composite Index has tumbled by nearly 30% since a peak on June 12. Stock declines were seen to be linked to new margin-trading restrictions.

    Chinese stocks plunged Tuesday after mixed fortunes Monday, with the benchmark Shanghai Composite Index tumbling 3.2% at opening. The Shenzhen Component Index also opened 3.4% lower and the ChiNext Index, tracking growth enterprises, opened 3.8% lower.

  • Tuesday, July 7th 2015 - 08:06 UTC

    Pope said Mass to 650.000 people and centered the homily on the family theme

    Tens of thousands of people lined the route from the airport, at times rushing police to touch the car and throw flower petals before it.

    Pope Francis said Mass for more than 650.000 Ecuadoreans and hinted he wanted a major Vatican gathering this year to find ways to reach out to Catholics who feel excluded by the Church. On the first full day of a three-nation “homecoming” trip to South America, the Argentine-born pontiff was in Ecuador's second city Guayaquil, a steamy port sometimes referred to as the world's “banana capital,” given its bustling fruit trade.

  • Tuesday, July 7th 2015 - 07:21 UTC

    Merkel and Hollande tell Greece the door for serious proposals remains open

    In Paris Merkel and Hollande said Athens must move quickly if it wants to secure a cash-for-reform deal with international creditors (Pic AFP)

    France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity

  • Tuesday, July 7th 2015 - 07:11 UTC

    New Greek finance minister, Oxford educated but equally hard line

    Dutch born Tsakalotos, Oxford University-educated economics professor served as international economic affairs minister before taking over from Varoufakis

    New Greek Finance Minister Euclid Tsakalotos may be less flamboyant than his predecessor Yanis Varoufakis, but his views on his country's debt crisis are no less stridently held. While most commentators appear to agree that Mr Tsakalotos, 55, will be less bombastic than Mr Varoufakis in his dealings with international creditors, some argue that his negotiating stance could even be more hard line.