Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 11th 2024 - 03:43 UTC

Tag: Energy Petrobras

  • Wednesday, September 2nd 2015 - 08:06 UTC

    Petrobras union announces an 'open-end' strike to protest investment cuts

    The union is against any sale of Petrobras assets and would like to see the company to be 100% owned by Brazil's government.

    Brazil's largest oil workers' union advised Petrobras that it plans to begin an open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday. The strike is in protest at a recent cut of about 40% in investments by Petrobras and the planned sale of about $15.1 billion of assets, the union, known as FUP, said in a statement on Tuesday.

  • Thursday, September 11th 2014 - 04:30 UTC

    Despite all the negative economic data, Argentina's stock market has almost doubled this year

    Much of the money flowing into Argentina's Merval this year has come from wealthy Latin American investors

    Despite all the negative news on government restrictions imposed on the Argentine economy and the shortage of hard currency, the country's Merval Index has skyrocketed almost 100% this year, the highest of any stock market in the world. It includes many of the largest companies in the country such as Telecom Argentina and Energy Petrobras, along with banks and a steel maker.