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MercoPress, en Español

Montevideo, October 30th 2025 - 12:39 UTC

Latin America

  • Friday, December 20th 2013 - 06:48 UTC

    Stiglitz says China demand for better diet will keep Mercosur countries busy

    “Incomes in China have risen and the diet is changing and you Latin Americans will benefit from that”

    The commodities-exporting economies of Latin America will continue expanding in the years ahead, driven by demand from China despite slower growth in its economy, Nobel Prize-winning economist Joseph Stiglitz said during a conference round in Uruguay.

  • Friday, December 20th 2013 - 06:35 UTC

    After fifty years Cubans can now buy and sell cars, but for most non affordable

    Havana has been known as a classic cars 'paradise' with its fifties and sixties models

    Cubans will be able to buy new and second-hand cars from state-run retailers without a permit under new rules approved by President Raul Castro's government. The measure, announced Thursday by the official media, is another step in Castro's plan to “modernize” the island's socialist economy and lift decades-old market restrictions.

  • Friday, December 20th 2013 - 06:28 UTC

    US planning a new trade agreement with Latam, but through NAFTA

    The initiative was revealed by Secretary of State John Kerry to Andres Oppenheimer from the Miami Herald

    The President Barack Obama administration is “exploring” a regional trade plan for the Americas that would be the most ambitious hemispheric initiative in years, but contrary to the failed experience of George Bush's FTAA (Free Trade Area of the Americas), this time it would be instrumented through Nafta (North American Free Trade Agreement) partners Mexico and Canada, according to a Miami Herald interview of Andres Oppenheimer with Secretary of State John Kerry.

  • Thursday, December 19th 2013 - 05:51 UTC

    Concerned with stagnant tourism, Caribbean to promote the region as a single destination

    CTO Chairman, Beverly Nicholson Doty: creating a strong Caribbean brand

    The Barbados-based Caribbean Tourism Organization (CTO) will next month celebrate its 25th anniversary amidst a call for the region to be promoted as a single destination. CTO Chairman, Beverly Nicholson Doty, in a Christmas message, said that her wish for the sector in 2014 was that Caribbean countries commit themselves to promoting the region as one destination

  • Wednesday, December 18th 2013 - 07:15 UTC

    Heat wave in Argentina collapses power grid: thousands with no energy or water

    People out in the streets banging pots to protest (Photo: DYN)

    People out in the streets banging pots and pans, or protesting burning tires and garbage containers in powerless neighborhoods, while an estimated 30.000 businesses in Buenos Aires City and metropolitan area are organizing demanding compensation for losses suffered because of the collapse of the power distribution system overwhelmed by an extraordinary heat wave with temperatures in the high thirties and low forties.

  • Wednesday, December 18th 2013 - 06:29 UTC

    Paraguay set to approve Venezuela Mercosur membership this Wednesday, ending 18-month rift

    The full Lower House will vote the protocol and decide dropping the persona non grata pending on President Maduro

    Paraguay is waiting for the formality of a Wednesday vote in the Lower House floor to acknowledge the controversial incorporation of Venezuela as full member of Mercosur, putting an end to an 18 months political and diplomatic rift in the block. The Deputies' Constitution Affairs and Foreign Affairs committees on Tuesday afternoon approved Venezuela's Mercosur incorporation protocol, which means all is ready for the full house expected positive vote.

  • Tuesday, December 17th 2013 - 19:10 UTC

    Uruguay must address fiscal policy (and inflation) suggests leading private bank

    Goldfajn: Uruguay's inflation has been off target for too long

    The US dollar is poised to continue consolidating during 2014 in Uruguay, and will most probably by the end of the year reach 24 Pesos from the current 21 Pesos, according to Itaú, one of the leading private banks in the country, which also warned about inflation and the fiscal deficit.

  • Tuesday, December 17th 2013 - 02:28 UTC

    Uruguayan economy on track to 4.1% growth this year and in 2014

    Construction was down because of the completion of two major investments

    The Uruguayan economy contracted 0.7% in the third quarter compared to the previous quarter, although it jumped 3.3% over the same period a year ago, according to the latest release from the Central bank in Montevideo. During the second quarter, the expansion had reached 2.4%, and 1.5% previous to that.

  • Tuesday, December 17th 2013 - 02:18 UTC

    US insists Obama remains open to a state visit from Brazil's Dilma Rousseff

    Ambassador Ayalade trying to rebuild relations with Brasilia

    The new US ambassador in Brazil Liliana Ayalde said President Barack Obama is prepared to receive his Brazilian peer Dilma Rousseff. The statement comes weeks after a state visit planned for last October was suspended by Dilma in protest over revelations of extensive US spying of Brazilian communications including the mobiles of the Brazilian leader.

  • Monday, December 16th 2013 - 11:02 UTC

    Bachelet sweeps in but as in the first round abstention prevailed

    The president-elect celebrates but on Sunday 5.7 million ballots were cast out of over 12 million

    Michelle Bachelet is set to resume her former position as president of Chile in March 2014 after a resounding second round victory against her opponent and former childhood playmate, Evelyn Matthei. In an acceptance speech late Sunday night the president-elect touched on two key platforms of her campaign: free higher education and a new constitution.