Economy

Tuesday, March 3rd 2009 - 23:00 UTC
Uruguay's trade deficit in 2008 soared to 2.5 billion USD

Uruguay's trade deficit last year soared to 2.52 billion US dollars, up from 787 million US dollars in 2007, according to the latest release from the Central Bank.
Tuesday, March 3rd 2009 - 23:00 UTC
Uruguay's exports down for the fourth month running

Uruguay's exports were down 20% in February compared to a year ago, the fourth month running, evidence that the global slowdown has reached the country's foreign trade, according to Foreign Trade expert Luis Bonifacino, quoted in the Montevideo press.
Tuesday, March 3rd 2009 - 23:00 UTC
Standard Chartered bank reports 19% rise in profits

Standard Chartered bank, which focuses on Asia, Africa and the Middle East, has defied the gloom afflicting the sector by reporting a rise in profits. The bank said pre-tax profit for 2008 was $4.8bn (?3.4bn), up 19% compared with a year earlier. Standard Chartered said that it was on a “firm footing” for 2009.
Tuesday, March 3rd 2009 - 23:00 UTC
Number of unemployed in Spain stands at 3.5 million

The number of unemployed people in Spain jumped by 154,058 in February, as the deepening recession forced companies to lay off more workers. The total number of people out of work in Spain now stands at almost 3.5 million, official figures show.
Tuesday, March 3rd 2009 - 23:00 UTC
Offshore tax havens skim UK treasury of ? 4 billion says TUC

United Kingdom is losing at least ?4 billion a year through wealthy residents holding their money in offshore tax havens, claims a research from the TUC (Trade unions congress).
Monday, March 2nd 2009 - 23:00 UTC
Can art save Uruguay's gem mines?

A Uruguayan mining company is turning to art to beat the effects of the global economic slowdown on its amethyst exports.
Monday, March 2nd 2009 - 23:00 UTC
Wall Street below 7.000 benchmark drags global markets

Markets have fallen worldwide, rattled by fears that turmoil in the financial sector is far from over. On Wall Street, the US Dow Jones index fell below 7,000 points for the first time since October 1997.
Monday, March 2nd 2009 - 23:00 UTC
Central banker upbeat on Brazil's capacity to cope slowdown

Brazil's economy is in a strong position to weather the financial crisis and will grow above the global average this year, Brazil's Central Bank President Henrique Meirelles said on Sunday in Portugal.
Monday, March 2nd 2009 - 23:00 UTC
“Public opinion” court will not accept UK banker's pension

Sir Fred Goodwin will not get his ?650,000-plus pension even if he is legally entitled to it, Commons Leader Harriet Harman vowed in the strongest Government attack yet on the former banking chief.
Monday, March 2nd 2009 - 23:00 UTC
Argentine peso slides under “managed devaluation”

The Argentine peso continued to slide against the US dollar on Monday having lost four cents closing at 3.62. This has been the non official Central Bank policy of “managed devaluation” to help boost the country's exports and keep pace with the currency depreciation of Argentina's main trading partner, Brazil's Real.