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Montevideo, April 14th 2024 - 11:24 UTC

Stories for March 1st 2014

  • Saturday, March 1st 2014 - 05:12 UTC

    Uruguay approves IMF test, but inflation and the neighbors could bring surprises

    IMF Deputy managing director Naoyuki Shinohara visited Montevideo

    The International Monetary Fund lowered its forecast for economic growth in Uruguay this year to 3% from its previous estimate of 3.3%, the IMF's deputy managing director said on Friday in Montevideo. Naoyuki Shinohara told reporters that the revision is due to lower growth expected in Uruguay's neighbors Argentina and Brazil and lower prices for commodities and Uruguayan exports.

  • Saturday, March 1st 2014 - 02:38 UTC

    Israel PM expected in Buenos Aires for anniversary of embassy bombing

    Frustration with Iran has led to closer relations with Israel including Netanyahu's visit

    The Argentine government has suspended dialogue with Iran, heralding a shift in policy that coincides with improved relations with Israel that includes a visit this month by Prime Minister Benjamin Netanyahu.

  • Saturday, March 1st 2014 - 02:32 UTC

    Cry for Me, Argentina

    The former Colonel Juan Domingo Perón and his wife Evita Perón who's legacy still dominates Argentine politics.

    Veteran New York Times reporter and columnist, Roger Cohen, who on several occasions has visited Argentina recently called at Ushuaia. He wrote the following piece, which is not very enthusiastic about the current situation or the heavy burden of populist history in one of the richest countries of the world.

  • Saturday, March 1st 2014 - 02:29 UTC

    Core-hole confirms conventional oil reservoir potential in north Uruguay

    Petrel Energy Managing Director, David Casey said the exceptional permeability measurements have been surprising

    Australia's Petrel Energy has confirmed the conventional oil reservoir potential of the San Gregorio and Cerrezuelo sandstones in Uruguay following detailed analysis of the Cardozo Chico core-hole samples. Petrel said that laboratory testing undertaken by Weatherford in Houston returned excellent permeability and porosity measurements.

  • Saturday, March 1st 2014 - 02:27 UTC

    “We Are Falklands” Photo Competition

    Falklands' pristine landscape

    The Falkland Islands Government PR & Media Office is running a photo competition to source quality images of 'our beautiful home'. The winning photos will be printed and displayed at a central London gallery later this year to promote the stunning views, wildlife, history and community that make the Falkland Islands a truly unique place.

  • Saturday, March 1st 2014 - 02:24 UTC

    Euro-zone inflation stabilized at what central bank calls 'danger zone'

    Unemployment in the Euro zone remains at record highs

    Euro zone inflation stabilized in what the European Central Bank has called the “danger zone” in February, data showed on Friday, while unemployment remained stuck near record highs ahead of an ECB policy meeting next week.

  • Saturday, March 1st 2014 - 02:22 UTC

    US economy expanded at a 2.4% annual rate, down from the 3.2% estimated

    Consumer spending accounted for a large chunk of the revision after retail sales in November and December came in weaker than assumed.

    The US government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, leaving the economy on a more sustainable path of modest expansion. GDP expanded at a 2.4% annual rate, the Commerce Department said on Friday.