Economy

• Thursday, November 14th 2013 - 19:09 UTC

  Japan unveils floating wind farm off the coast of the defunct Fukushima

  

  Japan unveiled a new wind farm off the coast of Fukushima last week. Only thirteen miles offshore from the Fukushima Daichi nuclear power station, the same nuclear station that notoriously attracted the world's attention during the 2011 Japanese tsunami, the new wind farm is expected to produce upwards of one gigawatt from 143 wind turbines. For comparison, the now-inoperable Fukushima Daichi nuclear power plant could provide 4.4 gigawatts.

• Thursday, November 14th 2013 - 18:40 UTC

  Uruguay complains at Mercosur against Argentine resolution limiting ports' transshipments

  

  Uruguay made a formal complaint against Argentina before Mercosur regarding the administration of President Cristina Fernandez decision banning Argentine exports from transshipment in Uruguayan ports. The complaint was filed on Wednesday in Caracas at Subgroup 5 which addresses Mercosur maritime transport by Uruguay's Deputy Transport minister Pablo Genta.

• Thursday, November 14th 2013 - 18:30 UTC

  Business climate in Latam receives 'unfavorable' assessment from Brazil's leading foundation

  

  The business climate (ICE) in Uruguay was down in the third quarter of the year, which means the country dropped from position 5 to 7 in the ranking of the eleven economies contemplated in the index elaborated by the Brazilian Getulio Vargas Foundation and Germany's respected IFO.

• Thursday, November 14th 2013 - 18:07 UTC

  Uruguay and US reach sanitary agreement on boneless lamb, beef, offal and live cattle

  

  Boneless and matured lamb and mutton from Uruguay will have access to the United States market as of next 29 November. The announcement was made in Montevideo by visiting US Agriculture Under Secretary Edward Avalos, following its publication in the US Federal Registry and means the conclusion of nine years of negotiations.

• Thursday, November 14th 2013 - 07:38 UTC

  IMF to review Argentina's 'new' stats on inflation and GDP, next 9 December

  

  The International Monetary Fund said Wednesday it will review Argentina's progress on improving its economic statistics in December, after censuring the country last February for supplying poor data.

• Thursday, November 14th 2013 - 07:30 UTC

  Fed chief candidate says US economy still performing “far short” of its potential

  

  Janet Yellen, President Obama's choice to lead the Federal Reserve, said the central bank would not stop its stimulus efforts until the labor market improves and inflation rises. The comments came in a statement prepared for her confirmation hearing before the Senate Banking Committee. Thursday's hearing is a chance for Senators to question Ms Yellen.

• Thursday, November 14th 2013 - 07:23 UTC

  October inflation in Argentina reaches 2% and 25.86% in last twelve months

  

  Inflation in Argentina according to the so called Congressional index during the month of October reached 2% and 25.86% in the last twelve months, it was reported by opposition lawmakers.

• Wednesday, November 13th 2013 - 06:22 UTC

  New oil resources does not mean an era of abundance cautions IEA

  

  Technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s (IEA) 2013 edition of the World Energy Outlook (WEO 2013).

• Wednesday, November 13th 2013 - 00:16 UTC

  Uruguay sends bill to parliament banning ownership of land by foreign companies or governments

  

  The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it “aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.”

• Tuesday, November 12th 2013 - 08:14 UTC

  Maduro promises more price controls while bargain hunters empty appliance stores

  

  Venezuelans stood in lines outside appliance stores for a fourth day on Monday after President Nicolas Maduro deployed the army to force retailers to slash prices. After taking control of several appliance stores last week, Maduro vowed late Sunday to step up inspections of businesses selling shoes, clothes, automobiles and other goods to make sure they aren’t gouging consumers.