Economy

• Monday, October 7th 2013 - 14:46 UTC

  Brazilian push to attract more tourists taking advantage of 2014 World Cup

  

  Brazilian tourism officials say that the country has stepped up efforts to lure more foreign tourists as Brazil gears up to host 2014 World Cup. Tourist board Embratur said September had seen a major publicity push worldwide, including promotions at the just-ended Japan Association of Travel Agents (JATA) showcase in Tokyo, as well as across North America and Russia.

• Sunday, October 6th 2013 - 07:01 UTC

  UPM conflict: Argentine protestors will not be allowed to cross to Uruguay, warn officials

  

  Residents from Gualeguaychú, Argentina confirmed that on Sunday they will attempt crossing an international bridge to Uruguay to protest the production expansion of the pulp mill Botnia/UPM, authorized by the government of President Jose Mujica. This despite the fact Uruguayan officials anticipated that at the most “eight or nine” Argentine officials and representatives from the protestors will be allowed to meet with their Uruguayan counterparts to discuss the situation.

• Sunday, October 6th 2013 - 06:56 UTC

  IMF raises Uruguay’s 2013 growth estimate but lowers 2014 forecast

  

  The IMF raised its 2013 economic growth forecast for Uruguay, but lowered its estimates for 2014, saying growth had “moderated to a more sustainable pace” after a decade of strong expansion.

• Sunday, October 6th 2013 - 06:40 UTC

  Falklands ‘confident’ about ‘mutually acceptable outcome’ on taxes with oil company

  

  The Falkland Islands Government remains, “confident that a mutually acceptable outcome can be reached with Rockhopper,” on the matter of their tax bill from FIG, confirmed Financial Secretary Nicola Granger last week and indicated the situation would have no impact on local tax laws.

• Friday, October 4th 2013 - 17:05 UTC

  Cristina Fernandez accuses “part of US judiciary” of wanting Argentina to default

  

  Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina “to default”, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.

• Friday, October 4th 2013 - 07:02 UTC

  IMF warns US debt ceiling controversy is a far worse threat to global economy

  

  IMF managing director Christine Lagarde says failure to raise the US debt ceiling would be a far worse threat to the global economy than the current shutdown. The shutdown is due to a budget standoff between President Barack Obama and Congress. But a worse problem looms: the US will run out of money if there is no agreement to raise the borrowing limit.

• Friday, October 4th 2013 - 07:00 UTC

  “Straight up to the point of extreme idiocy, but we won’t cross it” predicts Buffett

  

  Warren Buffett, the billionaire chairman and CEO of Berkshire Hathaway Inc, said he expects the United States Congress to resolve a stalemate over the US debt ceiling before it seriously harms the country.

• Friday, October 4th 2013 - 06:58 UTC

  Uruguay 2012/13 soybean crop was record in volume, area and yield

  

  Uruguay’s latest soybean crop was the highest in history, 2.76 million tons with an increase in the area planted and in yields according to the latest survey from the Ministry of Agriculture and Livestock. The area dedicated to soybean climbed 20% and reached 1.049.000 hectares.

• Friday, October 4th 2013 - 06:53 UTC

  Argentina credit rating conditioned by poor credibility and unreliable stats, says Moody’s

  

  An upgrade of Argentina’s credit rating depends on the government taking measures to boost data credibility while compensating investors holding defaulted debt and companies for expropriated assets, said Gabriel Torres, Argentina’s sovereign credit analyst at Moody’s Investors Service.

• Friday, October 4th 2013 - 06:47 UTC

  Uruguay’s annual inflation in September reached 9.02%; minister confident it will be brought down

  

  Uruguay’s consumer inflation soared 1.36% over August in September boosted by increases in energy and fuel, transport, milk and other basic items, according to the latest release from INE, the government’s data office. This means inflation in the last twelve months climbed to 9.02% from a month ago (8.86%) and 8.2% in the first nine months of 2013.