MercoPress. South Atlantic News Agency
Stories for October 14th 2011
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Friday, October 14th 2011 - 03:24 UTC
Uruguay and Argentina agree to ignore Vazquez “war” statements
The governments of Uruguay and Argentina have decided to ignore the controversy born out of statements from former President Tabare Vazquez who said that during the Botnia-UPM pulp plant conflict, back in 2006/07, he did not discard a “war hypothesis” given the aggressive attitude of Argentina and for which he had requested support from the Bush administration.
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Friday, October 14th 2011 - 03:21 UTC
Argentina agrees to dredge a River Plate access canal, crucial for Uruguayan ports
Uruguay and Argentina approved this week conditions to begin dredging the River Plate Martin Garcia access channel, an ongoing dispute of over ten years that seriously constrained Uruguay’s ports development, according to reports in the Montevideo media.
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Friday, October 14th 2011 - 03:12 UTC
Uruguay forecasted to expand 5.5% this year and 4.5% in 2012
The Uruguayan economy is forecasted to expand 5.5% this year generating 40.000 new jobs, and 4.5% in 2012, according to “Prospects and Tendencies” announced Thursday by the Economy Institute from the Economics Faculty.
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Friday, October 14th 2011 - 02:58 UTC
S&P downgrades Spain’s credit rating on incomplete labour market reforms
Ratings agency Standard and Poor's downgraded the long-term credit rating of Spain by one notch, knocking the Euro down by a third of US cent as it followed hard on the heels of a similar downgrade by Fitch last week.
