Economy

• Tuesday, November 15th 2011 - 23:09 UTC

  Uruguay puts a 65 dollar per MW-hour cap for developing wind power projects

  

  Uruguay won’t accept bids above 65 dollars a megawatt-hour from developers bidding to sell power from wind farms as concerns mount that rates have dropped too low.

• Tuesday, November 15th 2011 - 22:04 UTC

  NYC police evict ‘Occupy Wall Street’ protestors’ camp from financial district

  

  Police wearing helmets and carrying shields evicted protesters with the Occupy Wall Street movement early Tuesday from the park in New York City's financial district where they have camped since September, dismantling their tent city and arresting about 70 people.

• Tuesday, November 15th 2011 - 21:59 UTC

  Greece and banks begin discussing bonds’ 50% haircut and swap

  

  Greece and private bondholders begun working on a deal to halve its public debt, a key pillar of a bailout plan to save the country from bankruptcy and ejection from the euro zone, sources said.

• Tuesday, November 15th 2011 - 21:52 UTC

  Flights disruptions and delays continue in Buenos Aires main airports

  

  Cancellations and more delays persisted Tuesday at Buenos Aires main airports as Aerolineas Argentinas flights suffered further setbacks to the service. The administrators of metropolitan Aeroparque and Ezeiza international airport, Aeropuertos Argentinas 2000 said that flights “were resuming, albeit slowly”.

• Tuesday, November 15th 2011 - 16:44 UTC

  President Mujica in Mexico to boost trade and relations with G20

  

  Uruguayan president Jose Mujica arrived Tuesday in Mexico for a two day visit to promote bilateral trade and to address with his host Felipe Calderon issues related to recent discrepancies with the G20 that described Uruguay and Panama as “fiscal havens”.

• Tuesday, November 15th 2011 - 06:50 UTC

  Argentine forex market volatility calming but fears remain as to next steps

  

  Argentina's central bank cut dollar reserve requirements after bank deposits plunged 645 million dollars last week following the government's moves to restrict foreign exchange purchases in an attempt to reduce capital flight.

• Tuesday, November 15th 2011 - 06:46 UTC

  Embraer has dominant position in the Middle East 60/120 pax jet segment

  

  Brazilian aerospace conglomerate, Embraer sees a market demand of 310 jets in the 60-120 passenger jet segment in the Middle-East in the period 2011-2030. According to reports, the aircraft maker has forecast a market potential of 14 billion dollars during the period in the region.

• Tuesday, November 15th 2011 - 06:27 UTC

  Argentine congress October ‘inflation index’: 1.49%, double the official rate

  

  Argentine lawmakers announced Monday the so-called Congressional ‘inflation index” for October which they estimated at 1.49% and is well over double the official Indec index released last week, 0.6%.

• Tuesday, November 15th 2011 - 06:23 UTC

  Brazil’s JBS, world’s largest beef producer plans to expand dairy business

  

  Brazil's JBS, the world's biggest beef producer, intends to expand its dairy business with strategic plans next year after the unit's double-digit growth in recent years.

• Monday, November 14th 2011 - 21:21 UTC

  Falklands establishes agriculture and trade cooperation links with Uruguay

  

  If proof was ever needed that adversity leads to a greater determination to succeed, it has been amply provided in a recent trip by the Falkland Islands Senior Agricultural Advisor, “Mac” McArthur, on a trade mission and cultural visit to Uruguay.