Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, October 30th 2025 - 07:09 UTC

Latin America

  • Tuesday, January 14th 2014 - 00:54 UTC

    Chile, Peru prepare as Hague Court sets to resolve territorial dispute

    President Piñera met with former presidents to transmit unity

    With the decision over ongoing maritime dispute between Chile and Peru just weeks away, government officials on both sides insist relations between them are strong. On Jan. 27 Peru and Chile are set to find out who has legal ownership over 14,500 square miles of fishing waters off their borders, putting an end to a centuries-long dispute and ending a five year international court case.

  • Monday, January 13th 2014 - 11:29 UTC

    Canadian group Cooke Aquaculture has set its eyes on (Pescanova) Pesca Chile

    But president Juan Manuel Urgoiti wants to halt the liquidation of Chilean assets

    The process of selling Pesca Chile continues, despite Pescanova's attempts to slow down the liquidation of the company and its Chilean subsidiaries until the situation of the Galician multinational in Spain is resolved.

  • Monday, January 13th 2014 - 07:35 UTC

    A frustrated Mujica calls for a readjustment of Mercosur legal framework

    The Uruguayan president is hopeful he can hold a private talk on bilateral issues with his peer Cristina Fernandez

    Uruguayan president José Mujica said that members of Mercosur must readjust the block's legal framework ‘to make it work’ so that differences among its partners can be resolved in an institutional framework. He insisted on a review and amendment of mechanisms with greater flexibility and more adapted to current circumstances.

  • Monday, January 13th 2014 - 07:27 UTC

    Nicaragua announces that construction of inter-ocean canal begins this year

    President Ortega and Chinese tycoon Wang Jing during the announcement ceremony

    President Manuel Ortega said on Saturday that the construction of a massive inter-oceanic canal in Nicaragua that could significantly alter global trade would start at the end of 2014. Ortega gave a Chinese group a concession to manage the future shipping channel for 50 years, with the possibility to renew the contract for another 50.

  • Monday, January 13th 2014 - 06:10 UTC

    Maduro names new cabinet but main ministries remain unchanged

    Maduro challenged by a melting economy, inflation and rampant crime

    Venezuelan President Nicolás Maduro appointed seven new ministers. His announcement was made during an event with the Movement for Peace and Life. Venezuela has been shocked by the extent of crime and killings, which means according to private organizations stats that only two out of ten cases ever are caught and face trial.

  • Monday, January 13th 2014 - 06:04 UTC

    Argentine government struggling to stay on its feet, says The Economist

    The Lady is in deep trouble with several simultaneous fronts

    The English business and finance weekly The Economist is no fan of Argentina's Cristina Fernandez but its articles have an expansive repercussion, and even when it does not add much to the current situation of Argentina, it does undoubtedly have a reference influence.

  • Saturday, January 11th 2014 - 06:49 UTC

    Brazil's inflation off target in 2013 and prospects in election year not encouraging

    Stubbornly high inflation poses a major challenge for Rousseff, who plans to run for re-election in October

    Brazilian consumer prices ended 2013 higher than expected at 5.91%, above the upper limit of the government target, after inflation surged in December, official statistics released Friday showed. The Brazilian Institute of Geography and Statistics (IBGE) said last month's inflation figure of 0.92% was the highest for December since 2002, and compared with 0.54% a month earlier.

  • Saturday, January 11th 2014 - 06:30 UTC

    Airlines operating in Venezuela have 3.3bn dollars trapped by currency controls

    Madrid based Air Europa has suspended ticket sales from Venezuela

    International airlines operating in Venezuela have 3.3 billion trapped because of currency controls, the International Air Transport Association, IATA, revealed. Airlines have to wait around 12 months for the government to convert their Bolivar earnings into dollars, with the time lag growing, according to the Venezuela Airline Association.

  • Friday, January 10th 2014 - 07:10 UTC

    The delayed Mercosur summit will have to address the EU new foreign aid policy

    The high middle-class countries such as most Mercosur members have been left out of the easy access to the European market

    When Mercosur finally holds its much delayed summit in Venezuela at the end of the month following two postponements (12 December and 17 January), besides its normal agenda of agreements and disagreements, it will have to address a new challenge, this time from the European Union which has redefined its development support policy, leaving all Mercosur members, except Paraguay out of its tariffs and market access benefits.

  • Friday, January 10th 2014 - 06:40 UTC

    Brazil treasury pays highest yield to launch new 10-year fixed-rate domestic bond

    Dilma Rousseff faces re-election this year and there are fears she might be unwilling to cut spending

    Brazil's Treasury on Thursday paid the highest yield ever to launch a new 10-year benchmark fixed-rate domestic bond. The Treasury said it sold two million NTN-F bonds maturing in January 2025, worth 1.64 billion Reais (683 million dollars), at a yield as high as 13.3899%. The bond is expected to become Brazil's new 10-year benchmark paper.