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MercoPress, en Español

Montevideo, July 3rd 2025 - 01:33 UTC

United States

  • Monday, March 20th 2023 - 16:08 UTC

    It’s the Banking Regulations, Stupid

    Silicon Valley Bank had US$ 200 billion in assets, US$ 86 billion of which was in residential mortgage-backed securities that are not due for at least ten years

    By Antonio Floglia (*), LONDON – Rather than developing a robust understanding of the errors that led to the 2008 global financial crisis, politicians and the public demanded that supervisory authorities simply double down on regulation. So, that is what they did, and we are now seeing the results with the sudden collapse of Silicon Valley Bank.

  • Monday, March 20th 2023 - 16:05 UTC

    Network of leading Western central banks ready to inject the necessary dollars liquidity

    Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, and the Swiss National Bank announced the coordinated action

    Leading central banks of the West announced on Sunday a coordinated action to provide liquidity to the financial system through the US swap liquidity line arrangements. The statement was signed by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell and becomes effective Monday 20 March.

  • Monday, March 20th 2023 - 15:47 UTC

    Curfew imposed in Miami Beach after fatal shootings

    “We don't want spring break in our city,” Miami Mayor Dan Gelber said

    Miami Beach authorities declared a state of emergency and imposed a curfew after two nights of Spring Break shootings that left two dead and two wounded, it was reported.

  • Monday, March 20th 2023 - 15:14 UTC

    Trump says he will be arrested, calls for nationwide protests

    “TAKE BACK THE NATION”, Trump wrote in upper case on Truth Social

    Law enforcement sources have not ruled out any deployment next Tuesday should former President Donald Trump be arrested as he has forecast on Truth Social, the network he founded after he was banned from Facebook and Twitter.

  • Thursday, March 16th 2023 - 06:11 UTC

    Paraguayan gov't wants no more red tape from US on beef exports

    Ambassador Ostfield was moderately optimistic about the issue

    Paraguayan authorities insisted this week before the US Embassy that there were no sanitary impediments for the northern country to welcome beef shipments from the South American nation, only red tape was hindering progress in that regard.

  • Tuesday, March 14th 2023 - 09:52 UTC

    Biden says US banking system safe after Silicon Valley Bank collapse

    The FDIC also closed the New York-based Signature Bank

    US President Joseph Biden said his country's banking system was “safe” in the aftermath of last week's collapse of Silicon Valley Bank, a California financial giant specialized in the technology sector. Biden insisted Monday that Americans can “trust that the banking system is safe,” and said he would seek to move forward with stronger regulations.

  • Saturday, March 11th 2023 - 08:05 UTC

    US Southern Command Chief warns of Chinese expansion in South America

    Gen. Richardson warned lawmakers about the consequences of the US neglecting South America for so long

    General Laura Jane Richardson, the head of the US Southern Command, told the House of Representatives this week that “China continues to expand its influence” in Latin America and “manipulates” its governments through “predatory investment practices.”

  • Monday, March 6th 2023 - 09:30 UTC

    Trump announces his new presidential bid will be “the last battle”

    Trump also pledged to “prevent, very easily, World War III; and you're going to have World War III if something doesn't happen fast”

    Former US President Donald Trump said during his speech Saturday at the Conservative Political Action Committee (CPAC) gathering in Maryland that “this is the final battle,” in his first major public appearance since leaving the White House.

  • Monday, March 6th 2023 - 07:11 UTC

    “My mission is not over,” Bolsonaro tells conservatives at “Trumpfest” event

    “I had much more support in 2022 than in 2018. I don't know why the numbers showed the opposite,” Bolsonaro said before a large conservative audience

    Former Brazilian President Jair Bolsonaro, who has been nicknamed “The Trump of the Tropics,” got a rock star reception when he made his political rentrée Saturday evening at a US Conservative Political Action Conference (CPAC) in which most Republican contenders for next year's elections were testing the waters, particularly former President Donald Trump.

  • Sunday, March 5th 2023 - 10:57 UTC

    US Congresswoman warns Buenos Aires not to build Chinese fighter jets

    Casa Rosada sources said Salazar's statements were inaccurate and that there were no plans to build JF-17 fighters locally

    US Representative María Elvira Salazar warned last week that Argentina was planning to install a factory of Chinese warplanes in the South American country. The former Spanish-language news anchorwoman of Cuban heritage stressed that President Alberto Fernández and Vice President Cristina Fernández de Kirchner (CFK) had embarked on a deal with the Devil that they would regret sooner than later.