Economy

• Friday, May 27th 2011 - 09:15 UTC

  Lamy calls G20 not to fall prey of protectionism; points to Russia and Argentina

  

  World Trade Organization Director General Pascal Lamy warned world leaders that adopting protectionist measures can have “devastating effects” on the global economy. Addressing the G 20 group Lamy called on the leaders to resist “the temptations of protectionism”.

• Friday, May 27th 2011 - 09:11 UTC

  Top economists anticipate ‘restructuring’ of Greek debt or ‘booting’ out of the Euro

  

  Nouriel Roubini, the New York University economist known as Dr Doom, says Greek restructuring would not bring down Europe's financial system. The economist, who earned his nickname by predicting the global financial crisis, says an orderly debt restructuring could pre-empt more trouble.

• Friday, May 27th 2011 - 08:44 UTC

  Roubini forecasts Uruguay needs additional measures to contain inflation

  

  Roubini General Economics, RGE, founded by Nouriel Roubini the economist described as Dr. Doom for having predicted long before his peers the US financial and mortgage crisis said the Uruguayan government must apply additional measures to higher rates and bank reserves, to help contain inflation.

• Friday, May 27th 2011 - 02:00 UTC

  OIE declares the world free of rinderpest, one of the deadliest cattle diseases

  

  The World Organization for Animal Health (OIE) declared rinderpest, one of the deadliest diseases of cattle and of several other animal species, eradicated from the surface of the earth.

• Friday, May 27th 2011 - 01:53 UTC

  Montevideo port ranked ahead of Brazil’s Rio Grande in 2010

  

  In a ranking of the busiest port terminals in Latin America & Caribbean, elaborated in a work of Infrastructure Services Unit of ECLAC, Port of Rio Grande (RS) lost position for the Port of Montevideo, Uruguay. So they were, respectively, the 21st and 19th positions from the list.

• Friday, May 27th 2011 - 01:48 UTC

  WTO says Doha round faces collapse unless agreement is reached before 2012

  

  Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tariffs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned this week.

• Thursday, May 26th 2011 - 19:53 UTC

  Construction of Uruguay’s second pulp mill begins with concern on costs in Pesos

  

  The scarcity of qualified labour and the increase in costs have become a growing concern for the pulp mill that Chilean and Scandinavian investors are building in Conchillas, Uruguay.

• Thursday, May 26th 2011 - 18:52 UTC

  Former minister criticizes Argentine economy management and warns on inflation

  

  Argentina’s former cabinet chief Alberto Fernandez warned that the government is “not looking at the economy as it should” and is risking “all the good things that have been done so far”. He was also very critical of Economy minister Amado Boudou.

• Thursday, May 26th 2011 - 18:31 UTC

  Uruguay’s beef and lamb exports up in value but down in volume

  

  Uruguay’s beef exports in the first four months of 2011 have been lower in volume but higher in revenue compared to the same period a year ago. Something similar is happening with lamb although the fall in volume was even greater.

• Thursday, May 26th 2011 - 18:27 UTC

  Record rice crop in Uruguay: 1.65 million tons but farmers concern with prices

  

  Uruguay harvested a record crop of rice this year totalling 1.65 million tons and marked the second highest area planted with the cereal, 195.000 hectares compared to the 200.000 of eleven years ago.