Economy

• Saturday, September 18th 2010 - 03:50 UTC

  Mujica rather mistrustful of Uruguay’s economic performance: too good to last

  

  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.

• Friday, September 17th 2010 - 04:14 UTC

  EU and Argentina overcome differences and look ahead to Mercosur trade talks

  

  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.

• Friday, September 17th 2010 - 03:45 UTC

  Uruguay’s “life quality” tourism attracted 1.5 million in eight months

  

  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.

• Friday, September 17th 2010 - 03:43 UTC

  Japan will continue to intervene to keep Yen-priced exports competitive

  

  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.

• Friday, September 17th 2010 - 03:21 UTC

  He had to borrow money for a bus ticket to collect a 2 million USD lottery prize

  

  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.

• Thursday, September 16th 2010 - 22:57 UTC

  Poverty rate and number of millionaires in the US soaring

  

  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.

• Thursday, September 16th 2010 - 05:15 UTC

  Uruguayan economy expands 9.8% in first half over last year

  

  The Uruguayan economy continues to expand strongly having advanced 2.3% in the second quarter over the first quarter and 10.4% compared to a year ago and 9.8% over the fist half of 2009, according to the latest release from the Central Bank.

• Thursday, September 16th 2010 - 05:06 UTC

  USDA forecasts Uruguay’s beef exports will increase to 400.000 tons in 2011

  

  Uruguay’s beef exports may rise by 2.6% next year as demand recovers from the global recession, according to a unit of the U.S. Department of Agriculture.

• Wednesday, September 15th 2010 - 05:57 UTC

  Strong Colombian peso debilitating exports and eliminating jobs

  

  The strong appreciation of the Colombian peso which so far this year has gained 14% against the US dollar and now stands below the 1.800 peso milestone is hitting exporters and could have an impact on employment, one of the most sensitive issues for Colombian public opinion.

• Wednesday, September 15th 2010 - 00:27 UTC

  Ending the commodities ‘curse’

  

  By Augusto de la Torre (*) - In 1672, Potosí, Bolivia, was one of the largest and richest cities in the world. Located at the base of Cerro Rico, Potosi was a hotbed of Spanish silver mining, the operations of which were so prolific; a Potosi became synonymous for great riches.