Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 21st 2025 - 04:11 UTC

Investments

  • Thursday, April 24th 2025 - 10:43 UTC

    Montevideo's Carrasco Airport to reach top international standards

    Carrasco will be closed between August and September to update its ILS systems

    Montevideo's Carrasco Airport's international status will be upgraded to a Category III B Instrument Landing System (ILS) after an investment of more than US$ 20 million. The improvement will enable safer and more efficient operations in adverse weather conditions. Work has already begun on the alternate runway and will be extended to the main runway in June.

  • Monday, April 21st 2025 - 10:27 UTC

    Boeing aircraft bound for Chinese carrier returned to manufacturer

    Boeing aircraft bound for Chinese carrier returned to manufacturer

    A brand-new Boeing 737 MAX intended for China's Xiamen Airlines was returned to the aircraft manufacturer due to escalating trade tensions driven by US President Donald Trump's tariff war. Trump raised tariffs on Chinese imports to 145%, prompting China to impose 125% tariffs on U.S. goods, making delivery of these aircraft financially unviable for Chinese airlines.

  • Monday, April 21st 2025 - 09:40 UTC

    Brazil resumes export insurance scheme

    The government is acting to ensure that companies are better able to export more, Alckmin said

    Brazil's Ministry of Development, Industry, Foreign Trade and Services (MDIC) has resumed the post-shipment export credit insurance (SCE) mechanism, which had been discontinued in 2019.

  • Monday, April 14th 2025 - 09:55 UTC

    Telefónica del Perú leaves the country amid bankruptcy proceedings

    The sale follows Telefónica's divestments in Argentina and Colombia

    Telefónica has sold its Peruvian subsidiary, Telefónica del Perú, to Argentine company Integra Tec International for approximately US$ 992,000, marking its exit from the Andean country after three decades. The sale, part of Telefónica's strategy to reduce Latin American exposure, follows divestments in Argentina and Colombia.

  • Saturday, April 12th 2025 - 10:45 UTC

    Bolivia's YPFB seeks partner for promising gas field

    President Arce pointed out that the discovery supports the decision to explore historically neglected areas

    The State-run Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is advancing efforts to find an international partner to develop the Mayaya Centro gas field in La Paz, which has been deemed one of 2024’s top ten global discoveries in the sector.

  • Wednesday, April 9th 2025 - 08:18 UTC

    Falklands, the VSAT Public Consultation Period Extended by a month

    FIG has agreed to a request for an extension to the current public consultation to ensure that the consultation process is as complete and inclusive as possible.

    The Falkland Islands Government has announced that the public consultation period on the proposed changes to the policy that guides the issuing of VSAT licenses and the associated fee level has been extended by a month.

  • Tuesday, April 8th 2025 - 09:08 UTC

    CFL acquire Falkland’s container vessel MV Unispirit

    The vessel will continue to be chartered to SAAS, so the service will continue as we are all familiar with

    The Board of Consolidated Fisheries Ltd (CFL) are delighted to announce the acquisition of MV Unispirit. The vessel was handed over to new ownership in Montevideo on Monday 7th April, 2025. This marks a significant moment for the Islands; for the first time the Falklands has its own container vessel, and the acquisition represents a major investment of Falklands capital.

  • Tuesday, April 8th 2025 - 08:05 UTC

    Nobody interested in modernizing key bridge linking Argentina and Brazil

    The bridge handles 23% of the trade between Argentina and Brazil

    Brazilian authorities canceled the auction for the São Borja-Santo Tomé International Bridge due to a lack of bidders. The project -requiring a US$ 99 million investment over 25 years- sought to modernize the 15.62-kilometer structure with upgrades like new access lanes, parking areas, and improved lighting.

  • Monday, April 7th 2025 - 09:50 UTC

    Puerto Williams, extreme south Chile also improving infrastructure for the cruise industry

    Although the dock has not yet been inaugurated, (waiting for the second stage), more than 30 cruise vessels have already used the structure this year

    Puerto Williams on the island of Navarino, extreme south of Chile, sitting on the Beagle Channel is improving its infrastructure with the construction of the new multipurpose dock designed to accommodate calls from the growing cruise industry operating in the area.

  • Thursday, April 3rd 2025 - 10:00 UTC

    Chile unveils plans to optimize copper and lithium extraction

    Chile's transition to clean energy must involve local communities and small businesses, Síkela noted

    The European Union, in collaboration with Fraunhofer Chile, has launched the OPTIMINER project in Santiago with key EU and Chilean dignitaries to optimize the extraction and processing of critical raw materials (CRMs) like copper and lithium, essential for renewable energy and clean technologies. The initiative seeks to foster sustainable mining and energy transition, benefiting both local communities and global supply chains.