The International Monetary Fund said Thursday it will send a team to Argentina again next month to continue work on revamping the government's discredited inflation measure, and will provide specific recommendations.
Uruguay received 2.4 million tourists during 2010, 34% of which the capital Montevideo and if the cruise visitors are added the final number jumps to 930.000, according to Luis Polakof, head of the city’s Economic Development Department.
A bail of Uruguayan fine, clean wool, 14.4 microns, was sold at a record price of 37.76 a kilo. The ultra fine wool, (uncommon for Uruguay that has a flock mostly of Corriedale), was achieved based on a strategic alliance between the Merino breeders, the country’s Agriculture Research Institute, the textile industry and 51 farmers that signed in for the project.
EU leaders are grappling with a new Euro zone threat after Portugal's parliament rejected an austerity budget and PM Jose Socrates resigned. The vote means an international bail-out, similar to those accepted by Greece and the Irish Republic last year, is now far more likely.
Uruguayan beef exports should reach 1.4 billion US dollars in 2011 according to an announcement this week from the country’s Minister of Agriculture and Livestock Tabare Aguerre.
United States sales of new homes fell 16.9% last month compared with January and by a whopping 28% from the level of February 2010, the U.S. Commerce Department said. The February 2011 figure represents an annualized rate of 250,000 new home sales. Analysts had expected an annualized rate of 290,000.
The United States must pay more importance to its strategic alliance with Brazil if it really wants to benefit from Petrobras’ recently discovered deep-water oil and natural gas reserves in the Atlantic Ocean, the company’s CEO, Jose Sergio Gabrielli, said.
Moody's risk ratings agency on Thursday downgraded the ratings of 30 Spanish banks, a direct consequence of its decision earlier this month to downgrade indebted Spain's sovereign rating.
Argentina's industrial output rose sharply and the trade surplus beat market expectations during the month of February signalling that the economy is still growing strong.
United States Federal Reserve Bank of Dallas President Richard W. Fisher said he sees “extraordinary speculative activity” in the US after the central bank pumped record amounts of stimulus into the economy.