Vice president Danilo Astori anticipated that in 2012 Uruguay will recover investment grade and said that including Uruguay in the OECD “grey list” was a “tremendous injustice” which did not take into account all the advances achieved in combating money laundering and narcotics trade.
Uruguay has banned the docking of Falklands/Malvinas flagged vessel in the port of Montevideo, following on complaints from Argentina that several fishing vessels with that flag, in recent months had been operating from Montevideo.
Brazilian industry saw 1.8% growth this year, well below expectations, and expansion will be limited to 2.3% in 2012 due to a global economic slowdown, a business group said this week.
Brazilian federal prosecutors are suing Transocean Ltd and Chevron Corp for 20 billion Reais (10.6 billion dollars) in environmental and social damages and asked a court to suspend their operations, according to a statement yesterday.
The US military officially ended its war in Iraq, rolling up its flag at a low-key ceremony with Defence Secretary Leon Panetta nearly nine bloody years after the invasion that ousted Dictator Saddam Hussein.
Brazil’s International Affairs presidential advisor Marco Aurelio García admitted there is “disappointment” in Mercosur with the delay from the Paraguayan congress in approving the incorporation of Venezuela.
The administration of President Dilma Rousseff will be sending the bill creating the Bank of the South to congress next month, since this financial institution “will help the region address the global crisis”.
Chile Lan Airlines planned 3.2 billion dollars acquisition of Tam SA was approved by Brazil’s antitrust regulator, clearing the final regulatory hurdle for the formation of the world’s second-largest carrier.
In eleven months of 2011 Uruguayan meat exports jumped 21% in value compared to the same period a year ago, totalling 1.505 billion dollars and 373.548 tons according to the latest release from the country’s National Meat Board (INAC).
The Uruguayan president and Vice president have again openly clashed this time over education reform. First Lady and Senator Lucia Topolansky described Vice-president Danilo Astori’s comments on the issue as “negative” and praised the attitude of teachers’ unions involved in the reform effort.