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MercoPress, en Español

Montevideo, October 13th 2026 - 05:42 UTC

Investments

  • Wednesday, March 29th 2017 - 10:37 UTC

    Argentine minister confident agriculture and public works will boost the economy

    “We're witnessing an investment shock of infrastructure, as never seen before in Argentina”, emphasized Dujovne

    Argentine Finance minister Nicolas Dujovne said on Tuesday that the economy's recovery at the start of the year was based on investment and not in consumption. “It is a heterogeneous recovery, with performance in different sectors: government social expenditure was up 70% but manufacturing was down 80%, mainly because of the Brazilian recession, and domestic contraction”, admitted the minister.

  • Wednesday, March 29th 2017 - 06:58 UTC

    UK triggers Article 50 to end EU membership: letter to be delivered to Brussels on Wednesday

    Sitting in front of a lone Union Jack national flag and a portrait of Britain’s first PM, Robert Walpole, Ms May signed the letter

    Prime Minister Theresa May on Tuesday signed the historic letter that will launch Brexit when it is delivered to Brussels on Wednesday, a photo released by her office showed. Sitting in front of a lone Union Jack national flag and a portrait of Britain’s first prime minister, Robert Walpole, a serene-looking May signed the letter to begin the country’s departure from the European Union.

  • Tuesday, March 28th 2017 - 07:58 UTC

    China, Russia, EU interested in operating Brazilian railways

    Adalberto Santos Vasconcelos special secretary running President Temer's infrastructure investment program, revealed that interest was strong

    Brazil's planned auction of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, a government official said.

  • Saturday, March 25th 2017 - 09:29 UTC

    Argentina closer to energy self sufficiency: US$ 2.3bn investment in Vaca Muerta shale fields

    Tecpetrol will aim to produce an average 14 million cubic meters of shale gas per day by 2019, which is half the volume of gas Argentina currently imports

    Argentina's Tecpetrol, part of the Techint Group, said on Thursday it would invest US$2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from President Mauricio Macri's government, including a deal with labor unions earlier this year and a definition of price supports this month.

  • Wednesday, March 22nd 2017 - 09:12 UTC

    FIH considers acquisition approach from an Argentine fund as “unwelcome”

    FIH Group independent Directors said such a deal “unwelcome” and “seriously threatens to undermine the FIC business and the interests of its employees”.

    The much publicized and controversial bid from an Argentine group to acquire a leading position in the Falkland Islands Holdings, which owns the Falkland Islands Company, closely linked to the Islands' history and economy, has been considered “a real hazard” by FIH directors.

  • Saturday, March 18th 2017 - 10:09 UTC

    UK hosts this week Argentine biggest business delegation in 20 years

    Sersale di Cerisano said that currently bilateral trade stands at US$ 1.3 billion, but he is confident that this can be significantly increased

    Finance minister Nicolas Dujovne will be heading this week the largest Argentine business delegation to visit the UK in twenty years, jointly organized by the Argentine-British Chamber of Commerce with support from the Argentine foreign ministry and the embassy in London.

  • Friday, March 17th 2017 - 22:02 UTC

    Trade and protectionism in the G20 Brazil/US ministerial agenda

    “Brazil actually has experience of closing down its economy,” Meirelles said. Productivity came down and the bottom line was less growth, more inflation.

    Brazil's finance minister has said that he is ready to listen to the U.S. policies on trade at this weekend's G-20 meeting but speaks from experience when he says he believes a free economy is better for everyone. “Brazil actually has experience of closing down its economy,” Henrique Meirelles said on Thursday.

  • Friday, March 17th 2017 - 07:26 UTC

    Brazil awards European groups 30 year concession of four airports

    “We have won back international credibility,” Temer said on Twitter, celebrating “success in the airport auction.”

    Brazil awarded three European groups on Thursday the rights to operate four airports, drawing nearly double the minimum bids at an auction that underscored investors' appetite for a new wave of privatizations under President Michel Temer. German airport operator Fraport AG, French group Vinci SA and Zurich Airport bid a combined 1.46 billion reais (US$470 million) for the rights to run airports in Porto Alegre, Salvador, Fortaleza and Florianopolis.

  • Tuesday, March 14th 2017 - 06:26 UTC

    Falklands denies any commitment to reduce oil royalty has been entered

    Luxton said “FIG does not intend to embark on negotiating fiscal policy through the media” and confirmed no commitment to reduce royalty had been entered

    The Falkland Islands government announced on Monday that it is currently in discussion with Premier Oil on a wide range of issues with the objective of progressing the Sea Lion development towards a successful project sanction.

  • Thursday, March 9th 2017 - 13:55 UTC

    Temer launches 55 infrastructure projects to boost private investment and create 200.000 jobs

    “We are leaving behind a deep recession and entering in a phase of prosperity where private investment will be decisive,” said the president

    Brazil's President Michel Temer launched an infrastructure concessions program on Tuesday that he said should raise 45 billion Reais (US$14.43 billion) in investment in building and operating roads, port terminals, railways and power transmission lines. Temer said the program was key to restoring an attractive business environment as Brazil struggles to emerge from its worst-ever recession.