Economy

Wednesday, December 15th 2010 - 04:08 UTC
Uruguay beef exports fall in volume but increase in value

Uruguay’s beef exports dropped in volume but increased in value during the first eleven months of 2010, with Russia for a second consecutive year as the top client, according to the latest release from the National Meats Institute, INAC.
Tuesday, December 14th 2010 - 14:00 UTC
Airlines profits for 2010 and 2011 up but “margins remain pathetic” says IATA

The International Air Transport Association (IATA) revised its industry outlook for 2010 to a net profit of 15.1 billion USD (up from the 8.9 billion forecast in September). Similarly IATA revised upwards its projections for 2011 to a net industry profit of 9.1 billion (up from the 5.3 billion forecast in September). However net margins remain weak at 2.7% for 2010 and falling to 1.5% in 2011.
Tuesday, December 14th 2010 - 06:43 UTC
Bolivia’s first (Chinese built) telecommunications satellite operational by 2014

The Bolivian Space Agency (ABE) and the Chinese Great Wall Industry Corporation signed a commercial contract for the construction and launching of the first Bolivian telecommunications satellite, which has been baptized Tupac Katari.
Monday, December 13th 2010 - 22:48 UTC
Argentina lifts trade blockade: Paraguay will attend Mercosur summit

Paraguayan president Fernando Lugo will be attending the Mercosur summit this week following on Argentina’s guarantee that the blockade on Paraguayan goods and merchandise imposed by an Argentine maritime union will be lifted, effective Monday.
Monday, December 13th 2010 - 04:51 UTC
Top Korean steelmaker earns carbon-credits with afforestation project in Uruguay

Korea’s POSCO major forestation project in Uruguay has been accredited by the United Nations as helping offset the steel-maker's huge carbon footprint. The Korean steel-maker registered the CDM (Clean Development Mechanism) business with the UN Framework Convention on Climate Change (UNFCC) to earn carbon credits through its afforestation project in Uruguay.
Monday, December 13th 2010 - 03:18 UTC
Uruguay’s Central bank contracts auditing firm for 2010/2012

Stavros Moyal y Asociados S.R.L., the Russell Bedford accounting group's Uruguayan firm, has won the contract to audit the Central Bank of Uruguay (Banco Central del Uruguay). The audit was won in public competition against Big-4 firms for the period 2010 - 2012.
Monday, December 13th 2010 - 00:58 UTC
EC begins crucial discussions on fisheries and agricultural policies reforms

The European Commission Agriculture and Fisheries Council meets Monday in Brussels to begin the discussion process of the Common Agriculture Policy proposals recently set out. In the fisheries chapter the Council is expected to reach a political agreement on two regulations fixing the fishing opportunities for 2011 regarding certain fish stocks and groups of fish stocks applicable
Monday, December 13th 2010 - 00:43 UTC
New-car sales in China expected to reach a world record 18 million in 2010

More new automobiles are expected to be sold in China this year than have ever been sold in any nation ever in a calendar year, beating the current record of 17.4 million units from 2000 in the U.S.
Monday, December 13th 2010 - 00:25 UTC
China promises “healthy and stable” economic development in 2011

China will enhance and improve macro-economic regulation to ensure stable and healthy economic development in 2011, said a statement released Sunday in Beijing after the annual Central Economic Work Conference.
Sunday, December 12th 2010 - 23:31 UTC
Saudi’s 70/80 US dollars a barrel stance prevails at OPEC meeting in Ecuador

Leading OPEC producer Saudi Arabia said it still favoured a 70-80 US dollars price range for oil, a restatement of a two-year-old policy that will be welcomed by consumer nations worried that rising oil prices may get out of control and hamper global economic recovery.