Stories for June 2011

Thursday, June 2nd 2011 - 08:57 UTC
Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.
Thursday, June 2nd 2011 - 08:52 UTC
US dollar looses 1.85% against the Uruguayan Peso in May; 7.44% in five months

The US dollar continues to slide in the Uruguayan foreign exchange market having lost 1.85% in May vis-à-vis the Uruguayan peso, completing the steepest monthly drop so far in 2011.
Thursday, June 2nd 2011 - 08:46 UTC
Soaring imports push Uruguay’s trade deficit in the first quarter

Uruguay’s trade balance registered a deficit of 790 million US dollars in the first quarter of the year, according to the latest data from the central bank. Exports totalled 1.681 billion USD, up 30.5% over the previous year while imports totalled 2.470 billion USD, up 49.5%.
Thursday, June 2nd 2011 - 08:41 UTC
Argentina passes tough money-laundering bill to avoid “gray list”

Argentina's Senate on Wednesday passed a bill called for by President Cristina Fernandez, CFK, to toughen financial controls and meet global standards on fighting money-laundering.
Thursday, June 2nd 2011 - 08:36 UTC
Argentina bans smoking in public places; forbids advertising of tobacco companies

The Argentine Lower House passed a law that bans smoking in public spaces and forbids advertising, promoting and sponsoring tobacco companies and forces manufacturers to include warnings on the back of all cigarette packs detailing the harmful effects of smoking on health.
Thursday, June 2nd 2011 - 04:38 UTC
Argentina expected to return to international credit markets at the end of 2011

Barclays Capital expects the administration of President Cristina Fernandez might issue bonds on international credit markets towards the end of this year in a bid to prop up Argentina's fast-growing economy.
Thursday, June 2nd 2011 - 04:36 UTC
Honduras readmitted to OAS; only country to vote against was Ecuador

The Organization of American States voted Wednesday to readmit Honduras into the regional body. Ecuador was the only country to vote against the measure, which was approved 31-1.
Thursday, June 2nd 2011 - 04:25 UTC
Blatter re-elected unopposed; proposes deep reforms for FIFA to fight corruption

Sepp Blatter was re-elected on Wednesday unopposed for a fourth term as FIFA president, shrugging off the scandals that have hit world soccer's governing body to secure another four years in charge.
Thursday, June 2nd 2011 - 04:15 UTC
Brazil gives definitive approval to world’s third largest hydroelectric dam project

Brazil's environment agency gave its definitive approval Wednesday for construction of the Belo Monte hydroelectric dam, a controversial 17 billion US dollars project in the Amazon that has drawn criticism from native Indians and conservationists.
Thursday, June 2nd 2011 - 03:59 UTC
Uruguay rejects Zamin Ferrous mining project environment impact report

Uruguay made a long list of objections to the environment impact assessment study presented by the Aratiri mining project which plans open-pit extraction of magnetite (ferrous component) from vast resources in Valentines, the heart of the South American country.