Moody’s raises Uruguay’s credit rating to Ba1, one level below investment grade

The Central bank reduced debt by extending maturities and decreasing share of foreign currency denominated bondsThe Central bank reduced debt by extending maturities and decreasing share of foreign currency denominated bonds

Uruguay’s credit-rating outlook was raised on Thursday to positive by Moody’s Investors Service, which cited the government’s commitment to keeping its budget deficit in check.

Argentina promises soft credits for farmers to help address drought consequences

Buzzi said the President should be as concerned about the crisis in the farming sector as she is of the Malvinas IslandsBuzzi said the President should be as concerned about the crisis in the farming sector as she is of the Malvinas Islands

The Argentine government agreed with the main farmers’ organizations to grant credits equivalent to 530 million dollars to help combat the drought that affects a large portion of the country and is extensive to neighbouring countries of the Southern Cone.

Falklands’ oil industry says first round of exploration was “hugely successful”

The second round of oil exploration in the Falklands has started with the arrival of the Leiv Eiriksson rig The second round of oil exploration in the Falklands has started with the arrival of the Leiv Eiriksson rig

Falklands’ oil industry sources said the round of oil exploration began in 2010 with the “Ocean Guardian” rig and just concluded, involving Rockhopper Exploration and Desire Petroleum, was “hugely successful” with several major oil and gas discoveries.

Alicia Castro is Argentina’s ambassador to London; last posting was Venezuela

A former unionist and lawmaker Ms Castro will hold a crucial post at a very special moment A former unionist and lawmaker Ms Castro will hold a crucial post at a very special moment

Argentine President Cristina Fernández appointed Alicia Castro, 62, as ambassador to the United Kingdom, and the British government has accepted her credentials, the Foreign Ministry announced on Thursday.

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