Economy

• Tuesday, June 8th 2010 - 04:05 UTC

  Uruguayan announces more “active role” in exchange market to boost exports

  

  The Uruguayan government plans a more active role in the foreign exchange market with the purpose of boosting exports competitiveness that have been suffering from the sliding depreciation of the US dollar.

• Tuesday, June 8th 2010 - 00:50 UTC

  Uruguay’s total meat exports in five months reach 613 million USD

  

  The value of Uruguay’s meat exports in the first five months of 2010 totalled 613million US dollars which represent a 33% increase over the same period a year ago, according to the latest data from the National Meats Institute, Inac.Of those 631 million USD, 81% correspond to beef and 5% to lamb and mutton.

• Monday, June 7th 2010 - 10:53 UTC

  Weakening Euro “good for Europe”; 1 Euro/ US dollars parity “not far”

  

  French Prime Minister Francois Fillon said that the weakening Euro was good for Europe. “I currently see only good news regarding the euro-dollar exchange rate” Fillon said at a press conference in Paris with Canadian Prime Minister Stephen Harper.

• Monday, June 7th 2010 - 10:51 UTC

  Uruguay’s May consumer inflation 0.16%

  

  Uruguay’s consumer prices rose in May at the slowest pace in six months amid falling costs for entertainment, transport and communication, according to the national statistics institute, INE. However the accumulated of the last twelve months is above target.

• Monday, June 7th 2010 - 09:25 UTC

  G-20 fails to reach consensus on proposal to impose global tax on banks

  

  The Group of 20 nations failed over the weekend to agree on a proposal to impose a global tax on banks that was aimed at making the financial industry shoulder the cost of bailouts, settling instead for a common set of guidelines.

• Saturday, June 5th 2010 - 06:16 UTC

  IMF identifies three challenges faced by Latinamerica as world crisis recedes

  

  Removing fiscal stimulus, absorbing capital flows and reducing unemployment are the main challenges facing Latinamerican and Caribbean countries as the global crisis recedes, said IMF Managing Director Dominique Strauss-Kahn during this recent visit to South America.

• Saturday, June 5th 2010 - 05:52 UTC

  Uruguay plans to sell 1 billion US dollars of bonds next year

  

  Uruguay plans to sell about 1 billion US dollars of bonds next year, including 500 million of dollar- denominated debt, said Carlos Steneri, director of public credit at the Ministry of Economy and Finance.

• Saturday, June 5th 2010 - 05:31 UTC

  Southern Hemisphere Eurofruit congress to be held December in Uruguay

  

  Eurofruit Congress Southern Hemisphere, the annual conference and exhibition event for the region's fresh produce industry, is coming to Uruguay for the first time on 1-3 December.

• Saturday, June 5th 2010 - 05:16 UTC

  IMF ‘emergencies department’ to visit Hungary next Monday

  

  The IMF is sending a senior official to Hungary for talks with the new government early next week, amid rising concerns about the country's public finances.

• Friday, June 4th 2010 - 05:02 UTC

  France’s iconic Le Monde prepares to receive new owners

  

  French newspaper Le Monde is to take its controlling ownership stake out of the hands of editorial staff and sell it to an outside buyer. The paper, which has a centre-left political bent, was created after France was freed from Nazi rule in 1944 and is one of the country's most respected publications.