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MercoPress, en Español

Montevideo, December 28th 2024 - 13:58 UTC

Investments

  • Friday, November 5th 2021 - 08:48 UTC

    Chinese carmaker to halt Uruguay operations

    Short demand from Brazil led to Lifan's departure

    The Chinese carmaking company Lifan has announced it would halt all of its operations in Uruguay and leave the country after agreeing to pay overdue wages to some 60 workers who have been laid off and alre already on unemployment insurance.

  • Friday, November 5th 2021 - 08:46 UTC

    Brazilian Air Force will receive several SAAB J-39 fighters later this month

    The next batch of Gripens will be sent to Brazil by sea, landed at Santa Catarina and then flown to Sao Paulo

    By the end of the year, the Brazilian Air Force will have received several J-39 Gripen combat fighters from Sweden's SAAB aerospace, avionics and defense consortium, part of the agreement signed in 2014 by Brazil for the purchase of 36 of these jets, following a complicated bidding process.

  • Thursday, November 4th 2021 - 19:54 UTC

    Azul after all of LATAM Airlines

    Azul went through the crisis without official help while LATAM is on the brink of bankruptcy

    The Brazilian airline Azul has confirmed it plans to buy over all of LATAM Airlines' operations, not only the Brazilian branch as reports showed earlier this week. Azul was founded in 2013 by Brazil-born David Neeleman, who also owns low-cost carrier JetBlue.

  • Wednesday, November 3rd 2021 - 19:20 UTC

    Paraguay-Turkey chamber of commerce not far off

    Aksen praised Paraguay's policies which helped the country through the COVID-19 pandemic

    Paraguayan and Turkish authorities met Tuesday in Asunción to discuss the creation of a binational Chamber of Commerce, in light of the increasing volumes of trade between the two countries over the pàst few years, it was reported.

  • Wednesday, November 3rd 2021 - 09:31 UTC

    Brazil will host G20 summit in 2024

    Brazil, Latin America's largest economy, together with Argentina and Mexico, represent the continent at the G20.

    Brazil for the first time will host the annual meeting of the heads and prime ministers of the Group of Twenty, the group of the 20 largest economies on the planet, in 2024. The announcement was made during the release of the final document of the group’s meeting, which ended on Sunday in Rome.

  • Wednesday, November 3rd 2021 - 09:02 UTC

    Peru's President open to more European, Chinese cooperation

    “We count on your support in the economic reactivation of the regions, through sustainable investments,” Castillo told Borrell

    Peru's President Pedro Castillo Terrones told a European Union envoy Tuesday that his administration was offering right conditions for responsible investments in the country.

  • Monday, November 1st 2021 - 09:17 UTC

    Ushuaia announces four calls from Norwegian Star beginning January

    The majestic cruise with its multicolor is expected this season in the South Atlantic

    The Ushuaia port authorities have announced that the Norwegian Star will be calling four times in the capital of the extreme south Argentine province of Tierra del Fuego this 2021/22 cruise season.

  • Sunday, October 31st 2021 - 08:27 UTC

    Bolsonaro keeps domestic agenda in mind while in Rome for G20 Summit

    “It is up to the G20 to make additional efforts to produce vaccines,” said Bolsonaro, who will not take any of them

    Brazil's President Jair Bolsonaro was harshly critical Saturday of the recent Brazilian Stock Exchange movements and said he had a Plan B in case the Lower House does not agree on budget proposals recently put forward by the Executive.

  • Saturday, October 30th 2021 - 09:22 UTC

    Vaca Muerta boosts Argentina's oil output to record number of BPDs

    The Ricsa report also showed Investments worth US $ 42 million.

    Argentina's output of crude oil has reached an unprecedented 532,566 barrels per day in September 2021, according to a report released Friday by the private firm Regional Investment Consulting (Ricsa), thus surpassing the previous highest mark of 528,782 bpds from March 2020, when the COVID-19 pandemic broke out.

  • Saturday, October 30th 2021 - 08:30 UTC

    Costa Cruises cancels its 2021/22 season in Uruguay and Argentina

    Brazilian regulations only allow international cruise vessels to operate in their waters, thus impeding extended trips to Uruguay and Argentina.

    As happened with MSC Cruises, Costa Cruises announced on Friday the cancellation of its 2021/2022 cruise season in Uruguay and Argentina. Last-minute differences with Brazilian officials forced the Italian cruise company which belongs to the Carnival Group, to redraft the itinerary of Costa Fascinosa that was expected in Uruguay and Argentina.