Uruguay

• Tuesday, June 5th 2012 - 23:34 UTC

  Uruguay lost competitiveness for sixth month running in April with main trade partners

  

  External competitiveness of Uruguayan goods dropped for the sixth month running in April because locally produced goods’ prices in US dollars dropped less than those of its main trade partners according to figures released by the Central bank.

• Tuesday, June 5th 2012 - 20:03 UTC

  Uruguay’s inflation kept climbing in May reaching an annualized 8.06%

  

  Uruguay’s inflation climbed in May to an annualized 8.06% the highest so far this year, according to the Statistics Office release on Tuesday. In May consumer prices were up 0.39% over April accumulating 3.82% in the first five months of the year, which makes the annual target of 4% to 6% hard to achieve.

• Tuesday, June 5th 2012 - 07:46 UTC

  Canada and US closely monitoring Uruguay’s flag air carrier in the brink of default

  

  The governments of Canada and the US are “concerned” and “closely following” events in Uruguay’s flag air carrier Pluna since banks and an investment fund from the two countries are heavily involved in the running of the money-loosing company is spite of repeated financial support from the Uruguayan government.

• Monday, June 4th 2012 - 03:22 UTC

  Latin America holds 42% of the world’s agriculture expansion potential

  

  Latin America is one of the few regions of the world where agriculture production can expand since it holds 42% of that potential globally, said Victor M. Villalobos Director General of the Inter American Institute for the Cooperation on Agriculture, IICA.

• Friday, June 1st 2012 - 02:24 UTC

  Uruguay looks to China to expand trade and services, and attract more investment

  

  Uruguay looks forward to increase trade with China in value and diversification as Beijing commands a bigger economic and cooperation role in South America, Uruguayan Foreign Minister Luis Almagro said in an interview with China Daily.

• Wednesday, May 30th 2012 - 05:01 UTC

  Brazilian petrochemical expands to Uruguay and buys local plant

  

  Brazilian petrochemical conglomerate Ultrapar Paticipacoes SA announced it had purchased Uruguay’s American Chemical for 79 million dollars. Ultrapar is also linked to businesses in fuels and liquids storage, according to a Brazilian securities filing on Monday.

• Monday, May 28th 2012 - 23:12 UTC

  Mercosur raises maximum allowed tariff, 35% on 100 imported goods, says Brazil

  

  Brazil raised to the maximum the common external tariff, AEC, that Mercosur charges on imported goods from out of the zone. The decree was published in Monday’s edition of the Official Gazette and includes a hundred goods.

• Friday, May 25th 2012 - 07:01 UTC

  Three former presidents admit Mercosur has failed and has Uruguay ‘trapped’

  

  Three former Uruguayan presidents recommended the current administration that without abandoning Mercosur, it should look at major trade blocks associations but at the same time a strong self criticism is needed because maybe the problem is not in Mercosur but in Uruguay.

• Tuesday, May 22nd 2012 - 18:29 UTC

  Royal Navy says HMS Talent reports are “mere media speculations”

  

  Royal Navy Commander Mark Southorn said on Tuesday that news informing of the sending of the HMS Talent nuke submarine to the Falkland Islands are “mere media speculations”.

• Tuesday, May 22nd 2012 - 06:05 UTC

  Exports of heifers booming as China build ‘factory-modelled” dairy farms

  

  Agribusiness company Elders says it can't get enough dairy heifers from Australia to supply China's growing demand and for the second consecutive year, a record shipment of 100,000 cattle will sail from dairies in Australia, New Zealand and Uruguay.