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MercoPress, en Español

Montevideo, December 23rd 2024 - 15:11 UTC

Investments

  • Tuesday, June 20th 2023 - 10:58 UTC

    Falklands, Expanded eligibility for the Family Allowance

    Last Tuesday 30 May the Falkland Islands ExCo approved an amendment to the Family Allowances Ordinance. This means that from 1 July 2023 families who have been ordinarily resident in the Falkland Islands for at least three years will now be eligible for Family Allowance. This is in addition to those with Permanent Residence Permits (PRP) or Falkland Islands Status, who are already eligible.

  • Monday, June 19th 2023 - 10:00 UTC

    Italy blocks Chinese company from taking control of tyre giant Pirelli

    Beijing-controlled chemical giant Sinochem is Pirelli's biggest shareholder, with a 37% stake in the 151-year-old Milan-based firm.

    Italy has moved to block a Chinese state-owned company from taking control of tyre making giant Pirelli. The decision is part of measures announced by Italy's government to protect businesses considered strategically important, and as such Pirelli's independence.

  • Thursday, June 15th 2023 - 06:31 UTC

    Overseas business risk for Uruguay, according to UK FCDO

    The impressive pulp mills of which Uruguay is preparing to inaugurate a third

    The Foreign, Commonwealth, and Development Office has published Information on how UK companies can control risks when doing business in Uruguay.

  • Wednesday, June 14th 2023 - 06:37 UTC

    MSC shopping for up to 24 dual-fuelled 8,000 TEU ships

    MSC, which recently became the first liner in the world to have a 5m slot fleet, has a giant order book of new builds, with more than 1.5m slots on order

    World’s largest container line, Mediterranean Shipping C, MSC, is shopping again in Asia for more new builds. Maersk Broker is reporting MSC has approached top yards in China and South Korea for a new series of dual-fuelled 8,000 TEU ships, with MSC tipped to be enquiring for both LNG and methanol dual-fuel vessels.

  • Tuesday, June 13th 2023 - 11:12 UTC

    It's official: Tierra del Fuego planning a multipurpose port in Rio Grande

    Shaanxi Chemical Industry and Tierra del Fuego Peronist governor Gustavo Melella in August last year signed an MoU which has been kept mostly secret

    Argentina's general elections next October are focusing mainly on inflation (150% this year, cost of living and food prices), plus security and street violence, but for those a bit better off and with time to think a semi-hidden issue, plus the overall influence of China in the country.

  • Thursday, June 8th 2023 - 15:22 UTC

    France still has objections to the EU/ Mercosur trade agreement

    EU foreign affairs Joseph Borrell said EU and Latin American countries have ”a common history and shared values ... but this partnership has been taken for granted or even neglected

    Ahead of July's EU summit with Latin American and Caribbean leaders in July, the first since 2015, the European Commission has unveiled a trade-oriented strategy to renew ties with a region that has been somewhat sidelined by the bloc in a chaotic few years in global politics. Approving the trade agreement with Mercosur is one of EU's priorities but there is French conditioning.

  • Thursday, June 8th 2023 - 10:55 UTC

    Fitch upgrades Uruguay's rating

    Uruguay Economy Ministry Azucena Arbeleche

    Thanks to Uruguay's ”solid fiscal performance that allowed it to absorb the shock of the Covid-19 pandemic, added to the track record of compliance with the fiscal framework, which has improved its credibility, increased resilience to economic shocks and reduced the risk of a potential increase in the stock of public debt.

  • Wednesday, June 7th 2023 - 10:25 UTC

    Ambitious plan to integrate the port of Santos with the city

    APS President Anderson Pomini said the infrastructure works are in line with the guidelines set by the Ministry of Ports and Airports

    The Port Authority of Santos (APS) has defined ten goals, approved by its Board of Directors (Consad), to improve the existing infrastructure and enhance port-city relations. These objectives include several key projects such as the construction of the Santos-Guarujá tunnel, the revitalization of warehouses 1, 2, 3, and 7, the launching of a public tender for permanent dredging services in the access channel, the remodeling of Left Bank’s Perimeter Avenue in Guarujá, the STS 10 Terminal, and the Internal Railway of the Port of Santos.

  • Wednesday, June 7th 2023 - 10:16 UTC

    IMF fears labor market shock due to AI

    Gopinath found it “encouraging” that the G7 has formed a working group to study AI

    International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath Tuesday called for global rules to avoid the high social costs of massive job losses from the use of artificial intelligence, it was reported. “When it comes to AI, we need more than new rules,” she stressed.

  • Wednesday, June 7th 2023 - 10:07 UTC

    Banco Itaú working its way out of Argentina

    Itaú is in negotiations with Banco Macro for a buy-over

    Banco Itaú is planning to close its operations in Argentina and is already in negotiations with Banco Macro S.A. for a buy-over, it was reported in Buenos Aires Tuesday.