Flights from Uruguay’s Carrasco international airport were suspended on Tuesday until further notice because of the proximity of Chile’s Puyehue volcano ash cloud that on Monday forced similar decisions for Buenos Aires City main international and domestic air terminals.
Economy minister Fernando Lorenzo accused rating agencies of failing to recognize the increasing strength of Uruguay’s sustained economic growth and therefore denying its investment grade status.
The Chilean volcano Puyehue ash cloud has reached the Argentine capital after moving across the Greater Buenos Aires, but the due effects of the cloud are seen to be minimal. Meanwhile local airlines confirmed cancelled all flights until further notice at the international airport of Ezeiza and at the domestic-flights metropolitan Aeroparque.
Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.
“United States is “ready and very willing” to work with Peru's president-elect Ollanta Humala said Washington’s top diplomat for Latin America, Arturo Valenzuela during the Organization of American States meeting Monday in El Salvador.
Argentina’s capital flight is forecasted to reach 17 billion US dollars in 2011, above the 11.4 billion of last year because of electoral year uncertainties, and in spite of a larger trade surplus.
The ash cloud hovering above Argentine Northern Patagonia since Saturday after the eruption of the Puyehue volcano in the Chilean Andes may reach the city of Buenos Aires on Tuesday, experts assured.
The International Monetary Fund backed the British government's plans to reduce the budget deficit, but said tax cuts or more quantitative easing may be needed if growth proves persistently weak.
Scientists are launching an international mission to measure salt levels at the surface of the ocean. A rocket carrying an Argentine-built spacecraft is set to lift off Thursday from the Vandenberg Air Force Base along the central California coast.
Ban Ki-moon formally asked the UN Security Council to support his candidacy for a second five-year term as UN secretary-general, according to a letter. His first term ends December 31 and so far is unopposed.