Brazilian mining giant and the world’s largest iron- ore producer Vale SA said its fourth-quarter profit almost quadrupled, because of surging prices for the raw material used to make steel.
Uruguay’s leading and largest fish processing company Fripur S.A. claimed in full page ads in Montevideo’s newspapers that it is the victim of a “strong media offensive” that “irresponsibly” questions the way in which it processes products that are sold both in Uruguay and overseas.
The Spanish embassy is closely following the difficulties faced by Spanish fishing companies in the port of Montevideo, some of which have decided to stop operating in Uruguay.
Seven countries in Latin America are on track to have their ratings upgraded in the short term, as the region's credit cycle remains supported by healthy economic growth and greater policy stability, Fitch Ratings said on Thursday.
Chile and Ecuador will be proposing their peers of Unasur, (Union of South American Nations) the establishment of a scientific research base in Antarctica, according to Ecuador’s Foreign Affairs minister Ricardo Patiño.
India pledged on Thursday greater economic cooperation with Uruguay in sectors such as agriculture, pharmaceuticals, textiles, automobiles, machineries and IT. In 2009-10, bilateral trade stood at 64.3 million US dollars.
The first Argentine jiggers returning to the port of Mar del Plata to land their catches are reporting good volumes of Illex Argentinus and are eager to return to sea, according to the Argentine fisheries news magazine Pescare.
THE decision by Chile to reduce the costs of port access and docking operations was welcomed by the Falkland Islands Tourist Board today.
Libyan leader Col Muammar Gaddafi has told state TV that Osama Bin Laden and his followers are to blame for the protests wracking his country.
A British court has agreed to extradite WikiLeaks founder Julian Assange to Sweden where he is accused of sex crimes, dismissing claims such a move would breach his human rights.