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MercoPress, en Español

Montevideo, December 29th 2025 - 17:53 UTC

Latin America

  • Wednesday, June 4th 2014 - 09:03 UTC

    Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

    Uruguay with a small and open economy is exposed to vulnerabilities emerging from a region which is “experimenting economic stress”

    Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.

  • Wednesday, June 4th 2014 - 08:58 UTC

    Mexico's Pemex sells its majority stake in Repsol over management disputes

    The Mexican government wanted Brufau ousted of his leading post

    Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.

  • Tuesday, June 3rd 2014 - 05:51 UTC

    Uruguay's primaries give birth to a new young leader in the ruling coalition

    Raul Sendic is 52, is young for a coalition with leaders in their seventies: Mujica, Vazquez and Astori

    Yet more surprises from last Sunday's primaries in Uruguay to choose candidates for the October presidential election. Not only did the main opposition vote overwhelmingly for renewal, but now it has emerged that in the ruling coalition, which suffers from a generation of Jurassic leaders, a young challenger has emerged as the most voted and is now demanding a place in the presidential ticket.

  • Tuesday, June 3rd 2014 - 05:44 UTC

    Good news from Brazil: trade surplus in May and primary surplus in April

    Brazil's public finances have deteriorated rapidly under the government of President Dilma Rousseff

    Some good news for the beleaguered Brazilian economy and President Dilma Rousseff's bid for re-election next October. According to the latest data supplies by the government, Brazil posted a trade surplus of 712 million dollars in May, recovering from a weak start to the year but still below historical levels.

  • Tuesday, June 3rd 2014 - 05:34 UTC

    Argentina and Brazil closer to an auto industry agreement

    The agreement worked out by Giorgi and Borges leaves out non Mercosur suppliers

    Argentina and Brazil have 'cut differences' and advanced significantly in negotiations for an auto integration understanding that could be ready to be signed next week, according to industry sources in Buenos Aires.

  • Tuesday, June 3rd 2014 - 05:26 UTC

    Latin America losing its competitive edge as demand for commodities slows down

    Brazil is in big trouble: prosperity has not trickled down to the average citizen, says IMD director Arturo Bris

    The United States ranks as the most competitive country in the world in a survey of 60 countries by IMD, a leading global business school in Switzerland. The survey finds Europe is recovering some of its competitive edge, while emerging economies, particularly in Latin America are struggling to hold their own.

  • Monday, June 2nd 2014 - 08:21 UTC

    Moody's upgrades Uruguay's rating to Baa3, based on reduced 'vulnerabilities'

    Uruguay's ratio of government debt to GDP of 40% is aligned with the Baa median level.

    Moody's Investors Service last Friday announced it had upgraded Uruguay's government bond rating to Baa2 from Baa3, and assigned a stable outlook to the Baa2 rating. The upgrade was driven by the strengthening of Uruguay's sovereign credit profile, as reflected by the convergence of fiscal and debt metric, an overall government debt profile that is currently associated with moderate credit risks, and the country's reduced vulnerabilities to regional and commodity shocks.

  • Monday, June 2nd 2014 - 07:55 UTC

    Former guerrilla commander sworn in as El Salvador president

    The presidential sash was presented to Sanchez Ceren by the head of the National Assembly, Sigfrido Reyes

    Former guerrilla commander Salvador Sanchez Ceren on Sunday was sworn in as president of El Salvador for the second consecutive five-year mandate of the FMLN, an ex-guerrilla movement and current political party.

  • Monday, June 2nd 2014 - 07:13 UTC

    Vazquez, Lacalle Pou and Bordaberry: one the three will be Uruguay's next president

    The big surprise was Lacalle Pou, who clearly defeated veteran hopeful Larrañaga despite opinion polls

    Sunday's primaries in Uruguay cleared the way for the candidates of the four parties with legislative representation that will be disputing the presidential election next October 26, with a run-off a month later if none of them manages 50% plus one of ballots.

  • Monday, June 2nd 2014 - 01:09 UTC

    Pacific Alliance to hold round of integration 'informative' talks with Mercosur

    Chile's Heraldo Muñoz presented the initiative approved by all members

    Pacific Alliance members meeting in Mexico agreed to hold an “informative” ministerial round of talks with their Mercosur and associates' counterparts to talk about regional integration. The announcement was done following a closed doors meeting of Mexico, Chile, Colombia and Peru foreign ministers who are preparing the agenda for the next Pacific Alliance summit.