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MercoPress, en Español

Montevideo, December 24th 2024 - 02:01 UTC

Investments

  • Friday, March 17th 2023 - 00:44 UTC

    With the collapse of Credit Suisse, oil prices continue to slide, 10% in a week

    Saudi National Bank already has a 10% stake in Credit Suisse, which precludes them from taking on any more. 

    Oil prices continued their slide on Wednesday after another banking fallout unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below US$ 70 for the first time since December 2021 to US$ 68.33 per barrel ET. Brent Crude fell over 3.94% to US$ 74.40, for a loss of US$ 3.05 per barrel.

  • Thursday, March 16th 2023 - 07:40 UTC

    Uruguayan President not optimistic about Mercosur-EU deal

    Lacalle said he can only cling to Lula's initiative to see some progress

    Uruguayan President Luis Lacalle Pou Wednesday said he was not very optimistic about the future of the trade deal between Mercosur and the European Union and that his lack of hope stemmed from both ends of the Atlantic, not just Brussels.

  • Tuesday, March 14th 2023 - 09:43 UTC

    Australia to purchase US nuclear submarines as AUKUS grows stronger

    Starting in 2027, the US and UK plan to station submarines in Australia on a rotating basis

    Prime Ministers Anthony Albanese of Australia and Rishi Sunak of the United Kingdom joined US President Joseph Biden Monday at a San Diego naval base to discuss the terms under which the South Pacific Island will purchase nuclear-powered submarines as part of the AUKUS defense strategy to neutralize China's expansion in the region.

  • Saturday, March 11th 2023 - 11:56 UTC

    Argentine Province of Buenos Aires, Defense Ministry sign cooperation deal

    The Tandanor and Río Santiago shipyards will help improve the Argentine Navy's capabilities

    Buenos Aires Governor Axel Kicillof and Defense Minister Jorge Taiana signed an agreement for the shipyards Tandanor and Río Santiago to develop a multipurpose landing ship, a polar ship, and a floating dock for the Argentine Navy.

  • Thursday, March 9th 2023 - 10:55 UTC

    Uruguay, Brazil agree on joint infrastructure works

    Brazil also invited Uruguay to the 2024 G20 Summit

    Brazilian and Uruguayan officials have reached an understanding whereby the Rivera airport will become binational, a waterway will be developed, and a new bridge will be built over the Yaguarón river, it was announced after Tuesday's encounter in Brasilia featuring Foreign Ministers Francisco Bustillo and Mauro Viera, among other dignitaries.

  • Thursday, March 9th 2023 - 10:22 UTC

    Uruguay going through largest cruise season ever and wants more

    The number of arrivals is to grow when Colonia del Sacramento becomes a new destination for cruise ships, Monzeglio explained

    Uruguay's Deputy Tourism Minister Remo Monzeglio said this week that the South American country was going through the most active cruise season in the past 8 years, with 160 ships arrived so far (116 in Montevideo, 44 in Punta del Este and 44 others yet to reach its shores.

  • Wednesday, March 8th 2023 - 10:11 UTC

    Aerolíneas Argentines to resume Carrasco-Ezeiza route

    The new service will depart from the Uruguayan capital Mondays, Wednesdays, and Sundays

    Aerolíneas Argentinas will resume its direct route between Buenos Aires' largest international air terminal (Ezeiza) and Montevideo's Carrasco, which will serve as a feeder for Uruguayan travelers to board transatlantic flights to Madrid or Rome or other domestic and regional services to destinations such as New York, Cancun, Punta Cana, or Havana.

  • Wednesday, March 8th 2023 - 10:05 UTC

    Argentina clinches CAF loan for gas pipeline development

    The unofficial blue dollar deepened its decline piercing the AR$ 370 threshold downwards.

    Argentina has secured a US$ 840 million loan from the Development Bank of Latin America (CAF), which will be largely allocated to the construction of the “President Néstor Kirchner” gas pipeline, it was announced Tuesday.

  • Wednesday, March 1st 2023 - 10:13 UTC

    Colombian budget carrier leaves thousands of travelers stranded

    Other airlines are offering to carry Viva Air passengers at no extra cost while adding contingency flights and using larger aircraft

    Colombian airlines Avianca, LATAM, and Satena were arranging contingency flights Tuesday after thousands of travelers were left stranded following the grounding of the financially broken budget carrier Viva Air, it was reported.

  • Wednesday, March 1st 2023 - 08:05 UTC

    Tesla to build carmaking plant in Mexico

    AMLO stressed Mexico cannot grant subsidies as the US government does, which Musk understood “perfectly”

    Elon Musk's Tesla will install a factory to build electric cars in Mexico, which will be the company's first in Latin America, President Andrés Manuel López Obrador (AMLO) confirmed Tuesday.