Stories for 2011

Monday, August 1st 2011 - 22:51 UTC
Uruguay/Argentina summit will address canal dredging and power transmission

The dredging of the Uruguay River and access to the Martin Garcia canal as well as importing power from Paraguay are the two main issues of the agenda to be addressed by Presidents Jose Mujica and Cristina Fernandez de Kirchner when they meet Tuesday in Buenos Aires.
Monday, August 1st 2011 - 22:47 UTC
Record Foreign Direct Investment in Uruguay in 2010 with 2.35 billion dollars

Foreign Direct Investment, FDI, in Uruguay was record in 2010 with 2.35 billion dollars (47.8% higher than in 2009) according to the latest report on global investment from the UN Conference on Trade and Development, UNCTAD. FDI represented 30.5% of total gross investment in Uruguay last year.
Monday, August 1st 2011 - 20:40 UTC
Polar front freezes Argentina and Uruguay with below zero temperatures

A polar front advancing over Argentina and Uruguay dragged the thermometers Monday morning in yet another freezing day in the south of the continent. Below zero temperatures were registered in several locations reaching minus 16,2 Celsius in Malargüe, Mendoza Province, according to Argentina’s Meteorological Service (SMN).
Monday, August 1st 2011 - 20:37 UTC
US manufacturing expanded at its lowest in two years in July

US manufacturing grew at its slowest pace in two years in July as new orders contracted, a troubling development for the faltering economy. The Institute for Supply Management said its index of national factory activity fell to 50.9, the lowest level since July 2009, from 55.3 in June.
Monday, August 1st 2011 - 20:30 UTC
French women killed in Argentina described as brilliant students in Latam affairs

Argentine police detained for questioning a local horse renter in relation to the brutal murder of two French tourists – Moumni Hour and Cassandre Bouvier – found dead with gunshot wounds on Friday at a hiking trail in Quebrada de San Lorenzo, Salta province, 1600 Km northwest of Buenos Aires.
Monday, August 1st 2011 - 20:23 UTC
”We’re the first force nationally and second in Buenos Aires City”, says cabinet chief

Argentine Chief of Staff, Aníbal Fernández, came on stage Monday after the Buenos Aires City runoff elections to give his breakdown of Sunday’s events which have been described by political analysts a landslide victory for the incumbent mayor Mauricio Macri.
Monday, August 1st 2011 - 19:59 UTC
Nobel Prize Krugman criticized Obama for giving in on debt deal

The Nobel Prize winner economist Paul Krugman harshly criticized President Barack Obama for giving in to pressure compromising on a debt ceiling deal that defenders say will save the country from default.
Monday, August 1st 2011 - 07:16 UTC
Obama announces agreement to raise US debt-limit; Congress has to vote the deal

President Barack Obama announced Sunday Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default. He said the deal would cut one trillion dollars of spending over 10 years, and set up a committee to report by November on a proposal to further reduce the deficit.
Monday, August 1st 2011 - 07:06 UTC
Falklands’ active participation at forum on democracy and transparency

Making the democratic process more clear and transparent and parliamentary reform were among the main issues debated at the 57th Commonwealth Parliamentary Conference CPA, held last week in London and where the Falklands were represented by Dick Sawle, Member of the Islands Legislative Assembly.
Monday, August 1st 2011 - 07:02 UTC
Uruguayan Peso over-valued 17.4% against the dollar according to Big Mac’s PPP

The Uruguayan Peso is 17.4% over-valued against the US dollar according to the Big Mac index from The Economist which means the greenback should be trading in Montevideo money markets at 21.62 Pesos and not 18.25 Pesos as currently happens.