Economy

Friday, January 3rd 2014 - 18:52 UTC
Record exports in dollars for Uruguay in 2013, but prospects not so encouraging

Uruguayan exports in 2013 increased 4.8% in value and reached a record 9,155 billion dollars with soybean the main item and China the leading trade partner. The data was released by the government export promotion organization Uruguay XXI, which sometimes is over optimistic.
Friday, January 3rd 2014 - 18:40 UTC
'Andean super crop' quinoa opens the way for the UN Year of Family Farming

Increased production and consumption of quinoa, coupled with higher visibility of and greater scientific knowledge about the so-called “Andean super crop” is the legacy left to the world by the International Year of Quinoa 2013, the closing ceremonies of which were held in Bolivia and Peru.
Friday, January 3rd 2014 - 00:30 UTC
Chrysler becomes 100% Italian as FIAT buys remaining 41% stake

Shares in Italian car giant Fiat have jumped more than 15% following the announcement of its plan to buy the remaining 41% of Chrysler it does not own. Fiat has owned a majority stake in the US company since 2009.
Thursday, January 2nd 2014 - 18:21 UTC
Falklands 2014 oil industry major focus: how to develop the Sea Lion discovery

After a busy 2011 and 2012, 2013 was a relatively quiet year for exploration around the Falkland Islands in the South Atlantic Ocean. The various companies involved in the region's nascent oil and gas industry preferred to spend the year focusing on seismic data acquisition campaigns and consolidating some of their assets.
Thursday, January 2nd 2014 - 15:35 UTC
New Year in Argentina brings: hikes in urban transport and fuel and promises of a capped basket

New Year arrived in Argentina with much needed rainfall relief, but also with a hefty increase in urban transport fares, the same with fuel prices at the pump and the promise of a list of 200 products included in a price agreement with the county’s major supermarkets and retailers.
Sunday, December 29th 2013 - 08:35 UTC
December inflation doubles in Brazil but at an annualized 5.51% remain on target

Brazil's general price index, known as the IGP-M, more than doubled in December, posting a rise of 0.60% compared with a 0.29% increase in November, the Getulio Vargas Foundation said Friday.
Sunday, December 29th 2013 - 08:30 UTC
Brazil ups taxes on debit cards and travelers checks to contain outgoing tourism

The Brazilian government said on Friday it will raise a tax on operations with debit cards and travelers checks made abroad, in a move that will raise the country's tax intake by 552 million Reais (234.65m dollars) per year.
Friday, December 27th 2013 - 05:32 UTC
Uruguay's new Economy minister pledges continuity of current market friendly policies

Uruguay will continue to consolidate its market friendly policies, pledged incoming Economy minister Mario Bergara, 48. on taking office on Thursday surrounded by President Jose Mujica and Vice president Danilo Astori. He replaced Fernando Lorenzo who was forced to resign following a major scandal involving the failure and shut down of the country's flag air carrier Pluna.
Friday, December 27th 2013 - 05:01 UTC
UK Met Office will offer daily forecasts about the weather in space: solar storms the target

The United Kingdom Met Office is to begin offering daily forecasts about the weather in space. The 24 hour service will aim to help businesses and government departments by providing early warnings of solar storms that can disrupt satellites, radio communications and power grids. The first forecast is expected to be available next spring.
Friday, December 27th 2013 - 04:52 UTC
Inflation in Argentine provinces expected to reach over 30% at the end of 2013

Consumer prices in the Argentine province of San Luis climbed 2.9% in November over October, 27.8% over December 2012 and 29.3% in the last twelve months, according to the provincial stats office. San Luis is ruled by dissidents from the ruling Peronist coalition headed by President Cristina Fernandez.