Lending to small businesses inn the United States is declining, thus making it more difficult to come to grips with the persistent problem of high unemployment, admitted Federal Reserve Chairman Ben Bernanke.
Uruguay and Argentina pledged Wednesday to advance in a wide ranging 27-point agenda but most important to work within a 60-day scheme to perform a bilateral monitoring of the shared river Uruguay, where the construction of a pulp mill on the Uruguayan side soured bilateral relations for several years.
According to the 2010 World Ranking of Mercer's Quality of Life, Buenos Aires, Montevideo and Santiago are the best major cities in South America to live although they compare poorly with the top ten mostly from Europe, Canada, NZ and Australia.
South America must recover its military dissuasive capacity so it can say ‘no’ when necessary said Brazilian Defence minister Nelson Jobim following a meeting this week in Montevideo with his Uruguayan counterpart Luis Rosadilla.
Uruguay is planning to tax deposits and other assets held overseas by residents in the country. The bill which has been drafted and promises to be controversial is expected to be sent for legislative consideration in coming days announced Economy minister Fernando Lorenzo.
Gustavo Grobocopatel also known as the Soy King of Argentina praised Uruguay’s conditions for corporate growth and said the country in the last seven years has undergone “revolutionary changes”.
Uruguayan President José Pepe Mujica was ironic Thursday when asked about the current roadblock on the Gualeguaychú-Fray Bentos border-crossing bridge with neighbouring Argentina (in place for over four years now) and asked whether he should spit Argentina in the eye, while explaining he is more focused on trade blocks than road blocks.
Uruguay is concerned that in neighbouring Rio Grande do Sul, one of Brazil’s breadbaskets and famous for livestock breeding, the vaccination campaign against foot and mouth disease remains disturbingly delayed.
One of Spain’s largest bank BBVA is waiting for the final approval from Uruguay’s central bank to disburse 100 million US dollars for the acquisition of France’s Credit (Agricole) Uruguay said Vicente Rodero BBVA director for Latinamerica.
Uruguay’s 2010 harvest of clean, dry rice reached 1.15 million tons with an average yield per hectare of 7.094 kilos. Total area planted was 161.900 hectares according to Uruguay’s Ministry of Agriculture Statistics Office.