Economy

Tuesday, July 29th 2008 - 21:00 UTC
Right moment for Montevideo port to become regional hub

The recurrent conflicts in Brazilian ports are having a direct impact on River Plate maritime traffic but the situation could be overcome if Montevideo expands its facilities and becomes a hub for the region, according to maritime agents.
Tuesday, July 29th 2008 - 21:00 UTC
IMF warns credit crunch is extending to the whole world

The global credit crunch shows no signs of abating, according to the International Monetary Fund (IMF). In its latest global financial stability report the IMF says that falling house prices and slowing economic growth are hitting credit.
Tuesday, July 29th 2008 - 21:00 UTC
Trade talks failure, seen as death kiss for multilateralism

Marathon talks in Geneva aimed at liberalizing global trade have collapsed admitted the head of the World Trade Organisation Pascal Lamy. Officials have blamed China, India and the US for failing to agree on import rules.
Monday, July 28th 2008 - 21:00 UTC
Uruguay brand beef shipped directly to EU consumers

By the end of the year Uruguay will be shipping beef directly to European Union consumers. The locally packed presentations will have all the traceability information plus the brand name with all the consumer data the supermarket wishes or has to comply with.
Monday, July 28th 2008 - 21:00 UTC
Uruguay record year for farm production and export

Farm production in Uruguay will consolidate its sixth year running of expansion, 66.5% since 2002, and farm exports are forecasted to reach 4.2 billion US dollars, a 51% increase over last year, according to a report from the Ministry of Agriculture Programming and Policies Office, OPYPA.
Monday, July 28th 2008 - 21:00 UTC
US accuses India and China of putting at risk Doha talks

World trade talks entered a second week on Monday in Geneva with the United States representative accusing India and China of endangering the success of the discussions for having rejected a compromise painfully worked out by WTO Director General Pascal Lamy.
Monday, July 28th 2008 - 21:00 UTC
Chinese leaders concern with slower growth and inflation

The People's Bank of China, (central bank) in a summary of its second-quarter policy meeting, pledged to keep a “consistent” monetary stance, the same word used on Friday by the top leadership of the ruling Communist Party to describe the planned thrust of economic policy for the rest of 2008.
Monday, July 28th 2008 - 21:00 UTC
Bush legacy: record deficit surprises for next US president

The next United States president is expected to face a record federal budget deficit of almost half a trillion dollars. The White House is tipped to lift its deficit forecast for 2009 to 490 billion from 407 billion US dollars.
Monday, July 28th 2008 - 21:00 UTC
Lula underlines good performance of the Brazilian economy

Brazilian president Lula da Silva underscored the good indicators of the Brazilian economy in spite of the world crisis and soaring food prices and said his administration's policy is to increase production to combat inflation.
Monday, July 28th 2008 - 21:00 UTC
Former Argentine economy minister admits errors

Argentine former Economy minister Martín Lousteau spoke to the press about his brief period in office for the first time and while maintaining his continued faith in President Cristina Fernández de Kirchner, made some criticisms of the national government and called for the removal of Domestic Commerce Secretary Guillermo Moreno, who he described as “unerringly inefficient” and with whom he admitted having had a significant conflict.