Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, October 25th 2025 - 21:08 UTC

Investments

  • Wednesday, January 4th 2023 - 21:15 UTC

    Japan takes a turn toward the Americas in 2023

    A key US ally, Japan is also a non-permanent member of the UN Security Council

    Japanese Prime Minister Fumio Kishida is to meet with US President Joseph Biden on Jan. 13 at the White House, while Foreign Minister Yoshimasa Hayashi has left on a South American tour seeking to strengthen ties with Mexico, Ecuador, Brazil, and Argentina.

  • Monday, January 2nd 2023 - 23:59 UTC

    US favors supplying Argentina with vintage F16s to counter Chinese influence and despite UK's objection

    Hostility reached its peak in 2019 when Argentina planned to purchase FA-50 jets from South Korea, but the operation was vetoed because these aircraft have UK-manufactured parts

    A leading US Navy think tank feels it is imperative for the US to pay close attention to the South Atlantic given China's growing trade, financial, investment influence in countries such as Argentina, and suggests a joint security cooperation investment with the UK, but especially overcoming an “outdated United Kingdom post-Falklands War security policy”

  • Friday, December 30th 2022 - 09:36 UTC

    YPF to build lithium batteries in Catamarca

    “We must move from salt to batteries, and from there to the change of the electric system,” Jalil said

    Argentina's state-run Y-TEC YPF plans to install a lithium battery manufacturing plant in the province of Catamarca, according to a deal signed this week between Governor Raúl Jalil and YPF's President Pablo González, it was announced. Also signing the document was Y-TEC (YPF's technological institute) Chief Roberto Salvarezza.

  • Thursday, December 29th 2022 - 10:09 UTC

    Uruguayan gov't wants to create national space agency

    The bill sent to Congress was signed by Defense Minister Javier García

    The government of President Luis Lacalle Pou has drafted a bill to create the Uruguayan Space Agency, which would function as a decentralized agency under the competence of the head of state, it was reported in Montevideo.

  • Thursday, December 29th 2022 - 10:07 UTC

    Chilean timber company leaves highly volatile Argentina

    Masisa joined Falabella, Cencosud, and Latam Airlines in the exodus of Chilean companies from Argentina

    Chilean timber company Masisa Wednesday announced it had liquidated all its assets in Argentina to abandon all its operations in the highly volatile neighboring country.

  • Monday, December 26th 2022 - 09:01 UTC

    Chile launches the first icebreaker made in South America

    She cost US$ 215 million, displaces some 13,000 tons and was co-designed with Vard Marines shipbuilders from Canada

    The first icebreaker built in Latin America, Almirante Oscar Viel, was launched last week from the state-run naval ASMAR shipyard in Talcahuano, Chile after five years of construction

  • Saturday, December 24th 2022 - 10:21 UTC

    Brazil to develop “VTOL” electric aircraft

    Flying cars will be in high demand in the coming decades, BNDES believes

    Brazil's state-owned National Bank for Economic and Social Development (BNDES) has allocated R$ 490 million (about US$ 95 million) to Eve Soluções de Mobilidade Aérea Urbana Ltda., a subsidiary of aircraft manufacturer Embraer, for the development of electric units with Vertical Take Off and Landing (eVTOL) capabilities.

  • Thursday, December 22nd 2022 - 10:09 UTC

    Quito opens first subway line in a peculiar way

    Starting in March there will be “a complete and paid operation” available

    Ecuadorian authorities Wednesday celebrated the opening of Quito's first subway line, which will for now not be operational. In other words, trains will not be running until a later date, but the stations are open for people to get used to the new system. “Static induction,” they call it.

  • Monday, December 19th 2022 - 10:03 UTC

    Strike at most Brazilian airports still on after court proposal rejected

    “It is obvious that a tired and poorly paid crew member can represent a risk to aviation,” Hacklaender said

    Brazil's National Union of Aeronauts (SNA) announced that the strike planned for Monday at the main airports nationwide by pilots and flight attendants was still on after they rejected a proposal from the Superior Labor Court (TST).

  • Monday, December 12th 2022 - 10:28 UTC

    Latin America, the EU's strategic investment target for 2023

    Albares stressed that Latin America and Africa are the “priority destinations” for EU investment projects.

    Ursula von der Leyen convened the first meeting of the Global Gateway Board on Sunday to review the achievements of the first year of implementation of this plan. The President of the European Commission said the EU wants to counter the new Chinese Silk Road and identify projects for 2023 in Africa, Latin America, the Caribbean, and the Pacific.