Uruguay

Uruguay
Tuesday, August 3rd 2010 - 06:05 UTC

What happens if Chilean maritime costs force cruises to cancel the Pacific leg?

Punta del Este on a busy summer day with several cruise vessels in the bay

A Uruguayan cruise industry expert has brought up an interesting debate about the whole business for South America if Chilean port and auxiliary services costs remain so high that they end convincing some of the cruise companies to drop the traditional Pacific and Chilean leg of the tours.

Tuesday, August 3rd 2010 - 00:49 UTC

Russia becomes Uruguay’s main client for beef in first half of 2010

The big barbeque at Uruguay’s stand in the Shanghai World Expo

The Russian Federation became at the end of the first half of the year, Uruguay’s main client for beef compensating weaker demand from the European Union and other important markets, according to the latest data from the country’s National Meat Institute, INAC.

Saturday, July 31st 2010 - 19:35 UTC

Kuwait plans to open embassy in Montevideo to bolster trade

Kuwait PM Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah in a meeting with President Jose Mujica

Kuwait and Uruguay signed several agreements to bolster bilateral relations during the visit to Montevideo of a high level delegation from the Middle East country. Kuwaiti authorities announced that the kingdom would soon be opening an embassy in Montevideo.

Saturday, July 31st 2010 - 18:56 UTC

Mujica and Lula da Silva reiterate commitment to Mercosur and Unasur

Lula da Silva and Mujica cheered by people at the border city

Brazilian President Lula da Silva and Uruguay’s Jose Mujica on Friday defended South America’s integration as a peace zone and reiterated the two countries commitment to Mercosur and Unasur.

Friday, July 30th 2010 - 06:05 UTC

NZ Trade Minister shares in Uruguay dairy farming could cost him the job

New Zealand Trade Minister Tim Groser has visited Uruguay

The financial dealings of New Zealand Trade Minister Tim Groser are under scrutiny amid revelations he owns thousands of shares in a Uruguayan-based dairy company that he actively promotes as part of his job, according to the NZ press.

Friday, July 30th 2010 - 03:21 UTC

The “good chemistry” between Mujica and CFK crucial for the agreement

Uruguayan opposition leaders Lacalle and Bordaberry praised Mujica for his determination and ability

The Uruguayan government and opposition expressed deep satisfaction with the agreement reached with Argentina for the monitoring of the River Uruguay which did not include ‘detrimental sovereignty issues’ and sealed the end to a long standing conflict.

Thursday, July 29th 2010 - 05:52 UTC

United and Continental closer to becoming the world’s largest carrier

Continental and United airlines received this week the approval of European regulators permitting the two carriers to move ahead with their plans to create the world’s largest carrier.

Thursday, July 29th 2010 - 00:49 UTC

Mujica and CFK announce agreement to jointly monitor the River Uruguay

The presidential agreement should end years of dispute between Argentina and Uruguay

Uruguay and Argentina finally reached on Wednesday an agreement for the joint monitoring of the River Uruguay which should end the long-standing dispute over the construction of the Finnish UPM/Botnia pulp mill dating back to 2005.

Wednesday, July 28th 2010 - 06:55 UTC

Mujica/Mrs. Kirchner summit: River Uruguay waters are choppier than expected

President Pepe Mujica confident on an understanding

Uruguayan president Jose Mujica will be meeting with his peer Cristina Kirchner Wednesday in Buenos Aires in what seems an attempt to unbind differences relative to the joint monitoring of the river Uruguay, particularly the Finnish pulp mill UPM/Botnia which is at the heart of the ongoing dispute between the neighbouring countries.

Tuesday, July 27th 2010 - 23:51 UTC

Fitch upgrades Uruguay’s debt to BB, just below investment grade

Uruguay outperformed its peers

Citing the “increased resilience to external shocks” Fitch upgraded Uruguay to BB from BB-, two levels below investment-grade and in line with Standard & Poor's. Moody's Investors Service rates Uruguay at Ba3, three levels below investment grade. Fitch last increased the country's rating in July 2007, taking it up one level from B+.

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