Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, July 3rd 2025 - 16:24 UTC

Investments

  • Tuesday, March 31st 2020 - 12:45 UTC

    Argentina expected to make a symbolic US$ 225 million interest payment

    President Alberto Fernandez had initially set the end of March as a deadline for reaching a deal with bondholders but has faced delays in the process, many due to the coronavirus pandemic

    Argentina will layout “guideposts” this week for a restructuring of its nearly US$70 billion in foreign debt, but the country is not yet ready to make a formal proposal to creditors, according to political sources in Buenos Aires.

  • Tuesday, March 31st 2020 - 07:20 UTC

    Morrison Falklands acquired by the Irish group RSK

    RSK CEO and founder Alan Ryder said the company wants to invest in market segments that are less likely to be negatively affected by COVID-19 than others

    RSK, an integrated environmental, engineering and technical services business, has acquired construction company Morrison Falklands Ltd (now trading as RSK Falkland Islands) and consulting engineering practice Nicholas O’Dwyer, according to reports in the Irish media.

  • Friday, March 27th 2020 - 08:51 UTC

    Britain has ordered 10.000 ventilators from vacuum cleaner company Dyson

    Production of Dyson's new CoVent ventilator could start early next month but the government said the order was dependent on safety and regulatory tests

    Britain has placed an emergency order of 10,000 ventilators designed at breakneck speed by bag-less vacuum cleaner company Dyson, the first fruits of an industry-wide call to arms to prepare for the looming peak of the coronavirus outbreak.

  • Thursday, March 26th 2020 - 18:53 UTC

    IATA: Airlines need $US200 billion in liquidity to face “apocalypse”

    Hardest hit by the revenue slump in dollar terms will be airlines in the Asia-Pacific (down $US88 billion) and Europe (down $US 76 billion).

    As passenger demand evaporated around the world due to the COVID-19 pandemic, the International Air Transport Association (IATA) has warned airlines are fighting for survival. The airline association stated that airlines need $US200 billion in liquidity support as they face “apocalypse now.”

  • Tuesday, March 24th 2020 - 08:46 UTC

    World Bank approves fast track financing to respond to Covid 19

    ”This package provides urgent support to businesses and their workers to reduce the financial and economic impact of the spread of Covid-19,” said David Malpass

    The World Bank and IFC’s Boards of Directors approved an increased US$ 14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease containment, diagnosis, and treatment, and support the private sector.

  • Tuesday, March 24th 2020 - 06:33 UTC

    UK considering measures to salvage ruined airline industry

    The government could buy British Airways shares at any given time to ensure an inflow of money (Pic Afp).

    The British government of Prime Minister Boris Johnson is reportedly considering a rescue plan for British Airways (BA) and other airlines which are failing to cope with the coronavirus contingency measures that are keeping their entire fleets grounded.

  • Monday, March 23rd 2020 - 06:43 UTC

    World Water Day, everyone has a role to play, Antonio Guterres

    Water is the primary medium through which we perceive the effects of climate disruption, said UN Secretary General Antonio Guterres

    The world’s water resources are under unprecedented threat. Today, some 2.2 billion people lack safe drinking water and 4.2 billion people live without access to adequate sanitation. Unless we act with urgency, the impacts of climate change are projected to exacerbate these figures. By 2050, between 3.5 and 4.4 billion people will live with limited access to water, with more than 1 billion of them living in cities.

  • Thursday, March 19th 2020 - 08:47 UTC

    Chile declares a 90-day “state of catastrophe” beginning this Thursday

    “This state (of catastrophe) is aimed at...preparing ourselves to confront what lies ahead,” Piñera said in a speech from the La Moneda presidential palace.

    Chilean President Sebastian Piñera on Wednesday declared a 90-day state of catastrophe as cases of the new coronavirus mounted in the nation, giving the government extraordinary powers to restrict freedom of movement and assure food supply and basic services.

  • Thursday, March 19th 2020 - 08:36 UTC

    Most world airlines “will be bankrupt by the end of May”

    CAPA said “demand is dying up in ways that are completely unprecedented. Normality is not yet on the horizon.”

    Sydney-based consultancy CAPA Center for Aviation warned in a statement on Monday that most of the world's airlines will be bankrupt by the end of May. Airline carriers are suspending routes for March, April, and May, and a full grounding of fleets has yet to be ruled out as flight restrictions have been placed across the world, spurring a collapse in demand, due to the Covid-19 pandemic.

  • Wednesday, March 18th 2020 - 06:14 UTC

    Meatpacker Marfrig has a new CEO; plans to buy back shares

    In a filing the company said 61-year old Miguel de Souza Gularte, who has headed beef operations in Brazil and South America since 2018, is the new CEO

    Brazilian meatpacker Marfrig has elected a new chief executive officer and plans to buy back up to 5.91 million of its own shares, it said in two separate securities filings.