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MercoPress, en Español

Montevideo, April 21st 2026 - 09:34 UTC

Latin America

  • 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.

  • Friday, January 10th 2014 - 06:27 UTC

    Construction of Monsanto plant in north Argentina halted on environmental grounds

    Activists had been blockading the construction site for 113 days, preventing workers from completing work on the plant

    A labor appeals court in north-central Argentina ruled that the construction of a Monsanto plant is unconstitutional, halting work on the site. The three judge court ruled 2-1 in favor of the activists who filed a legal appeal against Monsanto’s GMO seed plant on environmental protection grounds in the municipality of Malvinas Argentinas, located in central Cordoba Province.

  • Thursday, January 9th 2014 - 06:54 UTC

    Panama Canal expansion discussions stall; Italian company demands an extra 1bn

    “Impossible ... They are completely outside the contract and that's not going to happen,” said ACP Jorge Quijano.

    The Panama Canal Authority, or ACP, said on Wednesday it would be “impossible” to meet the demands of Italian builder Impregilo, which has called on the government agency to make an additional payment of up to 1 billion dollars to cover cost overruns affecting a project to expand the international waterway.

  • Thursday, January 9th 2014 - 06:43 UTC

    Exporters on high alert as strikes hit Chile’s ports once again

    Fruit Exporters Association President Ronald Bowen warned losses could reach 50 million dollars

    Stoppages spread across Chile as workers claim they are owed thousands of dollars in compensation agreed to in resolution to strikes last year. Fruit exports in Central Chile and copper shipments in the North have been stalled as workers from several major ports across the country have gone on strike, raising fears the export-oriented economy could see a repeat of last year's strikes which lasted three weeks and cost millions of dollars.

  • Thursday, January 9th 2014 - 06:35 UTC

    People living in Buenos Aires shanty towns increased 52% in ten years

    Some settlements have expanded their areas and most are growing upwards and are already in the fourth floor

    The number of people living in shanty towns or “misery villages” in Argentina and particularly in the capital Buenos Aires keeps increasing despite a decade of sustained growth at almost Chinese rates. According to data from the latest census of 2010, the number of people living in 'misery villages' in Buenos Aires was 163.587 compared to the 107.422 in 2001, with a 52% increase.