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MercoPress, en Español

Montevideo, July 20th 2025 - 04:33 UTC

Politics

  • Friday, May 11th 2018 - 06:29 UTC

    Argentine stock market climbs 6% and the exchange market operates cautiously

    Finance Minister Luis Caputo said the IMF deal would guarantee financing through the end of President Macri's first term in December 2019

    Argentine equities rallied on Thursday, while the country's peso currency was stable, as the central bank sold foreign currency reserves in the spot market for the first time since the country announced it was seeking financing from the IMF.

  • Friday, May 11th 2018 - 06:12 UTC

    Bank of England leaves interest rates unchanged, slashes 2018 growth prospects

    Governor Mark Carney said the Bank believed the “underlying pace of growth remains more resilient than the headline data suggest”. (Pic Bloomberg)

    The Bank of England has backed off from raising interest rates as it slashed 2018 growth forecasts, but said the economy would bounce back from a weather-hit “soft patch”. Policymakers kept the prospect of rate hikes firmly on the cards, although it sparked confusion over when the next increase may come.

  • Friday, May 11th 2018 - 05:39 UTC

    IMF and White House support Macri's economic reform program

    “I stressed my strong support for Argentina's reforms to date, and expressed the Fund's readiness to continue to assist the government,” Lagarde said

    International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goal to “reach a rapid conclusion.”

  • Thursday, May 10th 2018 - 18:14 UTC

    Falklands delegation travels to Buenos Aires for fishery talks and data exchange

    The two days meeting will discuss fish and squid stocks in the South Atlantic, and the possibility of resuming the exchange of scientific fisheries

    Next Monday, 14 May 2018 four representatives from the Falkland Islands Government’s Natural Resources Department will be part of a UK Foreign and Commonwealth Office lead delegation meeting with the Government of Argentina, in Buenos Aires, to begin two days of discussions on fish and squid stocks in the South Atlantic, and the possibility of resuming the exchange of scientific fisheries data for the benefit of the region.

  • Thursday, May 10th 2018 - 08:28 UTC

    Swedish PM to testify in corruption case involving sale of 36 fighter jets to Brazil

    Lofven will be asked in a Swedish court about contacts with Brazil’s ex presidents Rousseff and Lula da Silva regarding the purchase of Saab Gripen fighters

    Swedish Prime Minister Stefan Lofven has been summoned to testify next month as a witness in a Brazilian corruption case involving the purchase of fighter jets by Brazil, the Stockholm District Court said on Wednesday. Lofven will be asked in a Swedish court about his contacts with Brazil’s former presidents Dilma Rousseff and Lula da Silva regarding the country’s purchase of Saab Gripen fighters in a deal struck five years ago.

  • Thursday, May 10th 2018 - 07:37 UTC

    Argentine minister meets IMF Lagarde and US Treasury official: ratifies “gradualism”

    Nicolas Dujovne is due to meet with IMF chief Christine Lagarde to request a financing package

    Argentina Economy Minister Nicolas Dujovne is due to meet on Thursday with IMF chief Christine Lagarde to request a financing package to help shore up the struggling economy, officials said. Dujovne will also meet with a senior US Treasury official in a key step in the talks with the IMF, which are likely to last six weeks, his spokesman said in a statement.

  • Thursday, May 10th 2018 - 07:28 UTC

    Falklands caught in the post Brexit Galileo space controversy

    Michael Barnier, Brussels chief Brexit negotiator, triggered the controversy when he argued UK companies should be excluded from the Galileo project

    United Kingdom ministers are unilaterally considering stopping EU access to the Galileo satellite earth station in the Falklands and Ascension, according to reports in the UK press. The move comes after Brussels chief Brexit negotiator, Michael Barnier, stated that UK companies would have to be excluded from the development of sensitive Galileo infrastructure following Brexit due to security concerns.

  • Wednesday, May 9th 2018 - 20:19 UTC

    US Dollar rises: Uruguay behind Argentina

    The exchange houses in the center of Montevideo today marked up to 31.70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday - the highest in five years. Photo: Sebastián Astorga

    After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.

  • Wednesday, May 9th 2018 - 08:44 UTC

    Brazilian ex chief Justice will not run for the presidency in October

    That is an essential selling point in this election, the first since a massive legal probe revealed stunning levels of political graft. Scores of powerful businessmen and politicians have been jailed,

    Joaquim Barbosa, a former chief justice on Brazil's Supreme Court with anti-corruption credentials, said on Tuesday he would not run for the presidency in October, despite a growing clamor for his candidacy. Barbosa, the first and only black member of the high court, had in recent weeks positioned himself as a potential center-left candidate. He was attractive to many because of his clean image and background as a judge who battled corruption.

  • Wednesday, May 9th 2018 - 08:39 UTC

    Despite Trump, Europe, Russia and China committed to the Iran nuclear deal

    UK, France and Germany say they “will work with all remaining parties” and urged the US not to obstruct its implementation of the Iran nuclear deal

    Western powers, Russia and China remain committed to the Iran nuclear deal - after the US announced it was withdrawing from the agreement. The UK, France and Germany say they “will work with all remaining parties” and urged the US not to obstruct its implementation and the other signatories to the 2015 deal - Russia and China - have also stressed their continuing support.