Recovery in the United States is under way but at such a moderate pace that painfully high unemployment rates will persist for some time, the Organization for Economic Cooperation and Development said on Monday
An advisor to China's central bank has rebuffed criticism from the US over Beijing's exchange rate policy. In a speech in Beijing, Li Daokui said China will not appreciate the Yuan solely because of external pressure.
Argentina’s GDP expanded 9.4% in the first half of the year compared with the same period in 2009, according to the latest release from the country’s Statistics Institute, Indec. But inflation is becoming a greater challenge as the country moves into presidential electoral year 2011.
Uruguayan market analysts don’t believe Brazil’s attempts to prevent its currency from continuing to appreciate will have a relevant impact for Uruguay or for its foreign exchange rate.
President Jose Mujica said he was not satisfied with growth of the Uruguayan economy but rather ‘mistrustful’ since “good things are not for ever”, nevertheless the country must take full advantage of the situation.
The European Union said differences with Argentina over food import impediments belonged to the past, but in private warned that such measures only help to erode the needed trust to keep advancing negotiations for a free trade agreement between the EU and Mercosur.
The numbers of tourists arriving in Uruguay during the first eight months of 2010, compared to the same period a year ago, increased 13% and revenue jumped 20.2% according to the latest figures released Thursday by the Ministry of Tourism Hector Lescano.
Japan's prime minister said that authorities would keep intervening to curb the country’s currency strength as sagging manufacturing confidence underscored the threat the currency poses to the fragile economic recovery.
A Uruguay construction worker had to borrow the equivalent of seven US dollars from a neighbour to get to work. It was Thursday morning and several turned up to loan him the requested money.
The poverty rate in the United States rose for the third straight year, reading 14.3% in 2009 (one in seven), up from 13.2% a year earlier. More than 43 million people are living in poverty and almost 51 million have no health insurance coverage.