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MercoPress, en Español

Montevideo, July 3rd 2025 - 08:00 UTC

Latin America

  • Friday, October 5th 2007 - 21:00 UTC

    Ecuador willing to rework contracts with foreign oil companies

    Correa moves forward with his promise to act on oil winfall profits

    Ecuador offered on Friday to rework the contracts of foreign oil companies that object to a decree sharply reducing their share of windfall oil revenues. President Rafael Correa surprised companies on Thursday by decreeing that the government will take 99% of the profits gained when oil prices rise above contracted levels. Previously, it was a 50-50 split.

  • Thursday, October 4th 2007 - 21:00 UTC

    US dollar continues to drop against Chilean peso

    The US Dollar dropped to its lowest value in relation to the Chilean Peso in over seven years on Monday, before slightly rebounding on Tuesday. Meanwhile, President Michelle Bachelet responded to this news by saying that the currency's continuing decline is a source of concern in Chile.

  • Thursday, October 4th 2007 - 21:00 UTC

    Inflation and strong currency threaten Peruvian economy

    Minister Luis Carranza

    As several other commodity-exports dependent countries in South America, Peru's economy is booming growing at an estimated 8%, following last year's 7.6%. However this success and the massive influx of US dollars is distorting monetary policy and delaying an improved wealth distribution.

  • Wednesday, October 3rd 2007 - 21:00 UTC

    Incipient political dialogue between US and Venezuela

    Top diplomats from Venezuela and United States held talks aimed at improving relations, discussing a possible visit to Caracas by Washington's leading envoy for the Americas. Relations between the two countries have been tense for years.

  • Tuesday, October 2nd 2007 - 21:00 UTC

    Landslide victory in Ecuador for XXI Century Socialist project

    Pte. Correa tells Congress to “Go Home”

    Ecuadorian president Rafael Correa received a landslide support in the Sunday election for a Constitutional Assembly which will be tasked with reforming the country's constitution and leading it towards what he has defined as XXI Century Socialism.

  • Tuesday, October 2nd 2007 - 21:00 UTC

    South America: highest robbery rates

    Rich countries are not exempt

    Fear of crime is driving investment away from cities in developing countries, where over half of all urban residents have been victims in the last five years, a United Nations report warned yesterday.

  • Monday, October 1st 2007 - 21:00 UTC

    Cuba and the “new climate” after more foreign investors

    Tourism main source of foreign currency

    Cuba is considering further opening its economy to foreign investments given the “new climate” for business and “economic consolidation”. However errors of the past 2will not be repeated”.

  • Monday, October 1st 2007 - 21:00 UTC

    October 10 begins bidding process for Magallanes oil

    Oil field at Magallanes region

    Next October 10 begins the timetable for oil corporations interested in the bidding process for hydrocarbons exploration and production in the Magallanes Region in the extreme south of Chile.

  • Sunday, September 30th 2007 - 21:00 UTC

    Magallanes has fastest ageing population in Chile

    Magallanes Region has the fastest ageing population in Chile with 17.3% of its residents over 60 and also the highest number of single over 60 households in spite of the fact the region has the second highest per capita income of the country.

  • Sunday, September 30th 2007 - 21:00 UTC

    Ozone layer hole reaches outskirts of Punta Arenas

    Punta Arenas in the extreme south of Chile, over the weekend and for another couple of days, is estimated to be in the edge of the Antarctic ozone layer hole significantly increasing risks to human beings and living things.