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Montevideo, September 21st 2023 - 13:19 UTC

Stories for December 4th 2015

  • Friday, December 4th 2015 - 07:49 UTC

    Uruguay's former football chief Bauza, only Conmebol member not indicted

    Uruguay's Sebastian Bauza so far is out of the FBI investigation, and feels 'very calm' about all the proceedings, including those in Montevideo

    Of the ten presidents from South America's football confederation, Conmebol, during the period under investigation by the FBI, only two had not been indicted until Thursday: Uruguay's Sebastian Bauza and Ecuador's Luis Chriboga. However US Attorney General Loretta Lynch included Chriboga in the latest list of allegedly 16 indictments.

  • Friday, December 4th 2015 - 07:29 UTC

    FIFA corruption: new round of arrests of South American football officials

    The indicted include the president of South American Football Confederation (CONMEBOL), Juan Angel Napout from Paraguay.

    Sixteen more top football officials were charged in a dramatic widening of the FIFA corruption scandal on Thursday, as US prosecutors vowed to leave no stone unturned in their quest to root out graft. Several senior FIFA officials from the past or present were named in a 92-count US Justice Department indictment which came after a series of dawn raids at a luxury hotel in Zurich hosting FIFA officials.

  • Friday, December 4th 2015 - 07:25 UTC

    Dragui's fresh Euro stimulus measures don't convince markets

    ECB chief said the bank was extending the quantitative easing program by six months, or beyond if necessary, but at the current rate of 60bn Euros a month

    The European Central Bank announced on Thursday fresh stimulus measures in a bid to boost inflation and the Euro zone’s recovery but the market response reflected disappointment. Mario Dragui said the bank was extending the quantitative easing program by six months, March 2017, or beyond if necessary, but at the current rate of 60 billion Euros a month.

  • Friday, December 4th 2015 - 05:55 UTC

    Mercosur waiting for EU proposal; summit to be held at Conmebol convention centre

    “It's the European Commission that has to say when; the ball is on their side, if they decide to advance” Mercosur is ready said Rigoberto Gauto

    Mercosur is waiting for the European Union to decide when to begin the exchange of tariff-reduction proposals with the purpose of reaching an encompassing trade and cooperation agreement, despite France's objections to the move, said Rigoberto Gauto, Paraguay's deputy foreign minister. Paraguay currently holds the Mercosur chair and leads negotiations with Brussels.

  • Friday, December 4th 2015 - 05:33 UTC

    Uruguay could be heading to recession because of the government's political stalemate

    Uruguay costs are too high; social disorder; unions overwhelming power and above all the lack of political power to make decisions, said Protasi (Pic El Pais)

    Uruguay faces seven conditions which are creating a complex scenario and if they are not modified by government, it's most possible the economy is heading for a recession, according to economist Juan Carlos Protasi, a former central bank president.

  • Friday, December 4th 2015 - 05:23 UTC

    Uruguayan government unable to keep inflation below two digits

    The item with the largest influence was Food and beverage, representing a third of November's 0.43% increase.

    Inflation in Uruguay during the first eleven months of 2015 was double digit, 10.04%, a figure which if confirmed by the end of the year, could trigger a rash of labor review demands from unions. According to the country's stats office INE, in November retail prices climbed 0.43%, and in the last twelve months reached 9.46%, ahead of October's 9.15%.

  • Friday, December 4th 2015 - 05:07 UTC

    Agriculture can boost production by 40%/50% with measures announced by Macri's team

    Once measures are implemented Argentina's grains and oilseed crop can “increase by 40% to 50%”, said Argentina's King-soy

    Gustavo Grobocopatel, head of the agro-business Grobo group anticipated that with the measures announced by the team of president elect Mauricio Macri and to be implemented from next 10 December, Argentina's grains and oilseed crop “it going to increase by 40% to 50%”, meaning dollars for industry, jobs and services.

  • Friday, December 4th 2015 - 04:44 UTC

    UK embassy sponsors three workshops in Uruguay on science and innovation

     The main objective of the Science and Innovation Fund is to create and strengthen links between researchers and institutions in Uruguay and UK

    The British Embassy, the British Council and Uruguayan National Research and Innovation Agency (ANII) have announced the three workshops selected under the recent Researcher Links call for proposals, part of the Embassy’s cooperation funding for science and innovation in Uruguay.