It’s budget time in Uruguay and the government has presented to Congress its revenue and expenditure estimates (821 articles) based on a five-year forecast for the economy, which private analyst consider too rosy.
Switzerland's Xstrata mining group and the Peruvian government Thursday signed a 4.2-billion-dollar deal to develop a copper mine in the southeastern Peru of the country, said President Alan Garcia.
Uruguayan exports in the first eight months of 2010 reached 4.475 billion US dollars which is 22% higher than the same period of last year, according to official data released this week.
Manufacturing growth in the US and China improved in August, helping to boost global stock markets. The US sector expanded for its 13th straight month in August, according to the Institute for Supply Management.
As voting began in the election to choose a new British Labour leader, former prime minister Tony Blair issued a warning to the party not to drift to the left. Although he made no endorsement in his memoirs, published this week, of any of the five candidates to succeed Gordon Brown, Mr Blair's comments will be seen as a mark of support for front-runner David Miliband over his brother Ed.
US authorities have indicted 11 German and Chinese executives for conspiring to illegally import 40 million US dollars of honey from China. The executives were accused of being part of an operation which mislabelled honey and tainted it with antibiotics in an attempt to avoid import duties.
Wheat climbed after Russia, the third-largest grower last year, extended a ban on exports into next year following a drought destroyed crops, tightening global supplies. The United Nations’ Food and Agriculture Organization called a special meeting to address the global grains situation.
Brazilian tourists, who usually come to Chile to ski during the winter months, did not turn up as strongly as in years past, hurting the ski resorts, hotels and tourism in general this year.
A growing number of New York sky-scrapers are switching off their lights to help reduce the number of birds hitting the high-rise buildings. The lights out project - organised by NYC Audubon - runs until 1 November, when migratory birds are expected to have completed their autumn migrations.
Bolivian President Evo Morales announced Wednesday the expropriation and transfer to a provincial government of the 33% stake in the regional cement factory Fancesa.