Economy

Friday, July 19th 2019 - 09:42 UTC
African swine fever: Pork prices in China soaring and the worst is yet to come

Pork prices have been sent soaring and herds devastated as African swine fever tears through China's massive pig-farming industry, forcing the country to ramp up imports to satisfy demand - but analysts warn worse is yet to come.
Friday, July 19th 2019 - 09:36 UTC
Incoming EC head open to grant UK more time: “we don't want a hard Brexit”

The future head of the European Commission said she would be minded to grant Britain an extension to talks on its exit from the EU if London gave good grounds, adding that an orderly departure was important to launch future ties on a good footing.
Thursday, July 18th 2019 - 12:14 UTC
Montevideo gas workers lift strike after government's announcements

As the Uruguayan state has vowed to take over the administration of departing Montevideo cooking gas suppliers Montevideo Gas and Conecta and jobs have been secured, the UOEGAS workers' union has agreed to end the strike, starting this Friday.
Thursday, July 18th 2019 - 10:22 UTC
Textile giant Alpargatas quits Argentina

Although founded in Argentina, textile giant Alpargatas, now owned by Brazilian investors, has announced it will leave its country of origin due to financial difficulties.
Thursday, July 18th 2019 - 08:29 UTC
Falklands' Sea Lion project boost after Premier announces a very positive half year financial result

Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to US$12 per barrel of oil equivalent (boe) from US$ 13 and expects debt reduction to reach the upper end of its US$ 250-350 million target by year-end.
Thursday, July 18th 2019 - 08:22 UTC
Bad times for the hotel industry in Uruguay

Several iconic hotels in Montevideo, Uruguay, have closed or will be converted into office buildings according to the Chamber of Tourism sources. The list includes a top-rated boutique hotel, Belmont, which hosted among others members of the British royal family and political figures such as Fidel Castro, and other world leaders.
Wednesday, July 17th 2019 - 22:19 UTC
Argentina's inflation expected to stay on the downpath in July

Argentine Central Bank President Guido Sandleris Tuesday admitted inflation remains “high,” but he forecast July's figures will be smaller than those of June in light of the current “clear trend” to the downside.
Tuesday, July 16th 2019 - 21:42 UTC
Enigma code breaking genius chosen to be on new £50 English banknotes

Alan Turing was preferred over Stephen Hawking and Margaret Thatcher to feature on the highest-denomination bills in the country. The Bank of England has selected the face of the computer science genius whose most famous breakthrough proved decisive in the outcome of World War II against Germany to appear in the new £50 note (around 62 US dollars) due to enter circulation by the end of 2021.
Tuesday, July 16th 2019 - 10:51 UTC
US qualifies Uruguay as a safe country to invest but warns about union power

A report issued by the United States Department of State on the investment climate in Uruguay on Monday analyzed the legal, political and economic aspects of the country. On the one hand, it stands the legal security, the free movement of capital, the preferential regimes and the investment grade. On the other, it warns about aspects such as labor relations, the power of unions, the advantage of public companies and the increase of problems in education and security.
Monday, July 15th 2019 - 18:37 UTC
Tabaré looks forward to bilateral meeting with Bolsonaro at Mercosur summit

Uruguay's President Tabaré Vázquez is ready to hold a first-ever one-on-one meeting with his Brazilian counterpart Jair Bolsonaro to discuss bilateral issues, during this coming Wednesday's Mercosur summit at the newly remodelled west wing of the historic Belgrano Railway Station in the city of Santa Fe, Argentina.