Tag: Uruguay

• Thursday, December 9th 2010 - 16:31 UTC

  Moody’s rates Uruguay just below ‘investment grade’ but next step 'distant'

  

  Moody's Investors risk Service raised the sovereign foreign currency credit rating for Mercosur member Uruguay by two notches to Ba1 from Ba3 on Wednesday, leaving it just below investment grade, citing improved debt and fiscal indicators.

• Thursday, December 9th 2010 - 07:24 UTC

  Uruguay, Mexico and Chile have the most numerous middle-class in Latam

  

  According to the 2011 Latin American Economic Outlook report released on Dec. 3 by the Organization for Economic Cooperation and Development (OECD), Chile has the third highest percentage of middle-class citizens in Latin America.

• Tuesday, December 7th 2010 - 08:21 UTC

  Bank of Nova Scotia confirms acquisition of leading institution in Uruguay

  

  Bank of Nova Scotia, the Canadian bank that is aggressively expanding its presence in Latin America, is now pushing into Uruguay with the acquisition of private bank Nuevo Banco Comercial and consumer-finance company Pronto, it said on Monday.

• Friday, November 26th 2010 - 02:18 UTC

  Uruguay’s Lower House approves Unasur; Senate votes next Tuesday

  

  Uruguay’s Lower House approved on Thursday the Unasur (Union of South American Nations) constitution protocol sending a strong message of support to the group’s summit in Guyana.

• Thursday, November 25th 2010 - 21:25 UTC

  First time ever woman president (for a few days) in Uruguay

  

  Uruguay’s First Lady and speaker of the main Senate group in the ruling coalition Lucia Topolansky will be sworn as interim president on Friday, the first woman-president in the history of the Uruguayan democracy.

• Thursday, November 25th 2010 - 04:26 UTC

  The Economist analyzes Uruguay’s debate on rejecting the “Expiration Law”

  

  Néstor Kirchner Argentina’s late former president first became popular by pushing for the repeal of the amnesties and pardons that prior governments had granted to members of the country’s bloody 1976-83 dictatorship. Argentines cheered when the Supreme Court ruled the laws unconstitutional in 2005, and have supported the hundreds of prosecutions for human-rights abuses that have been launched since then.

• Sunday, November 21st 2010 - 23:56 UTC

  Uruguay’s expects 200 cruise calls and 300.000 visitors

  

  Uruguay expects 200 cruise calls this 2010/2011 season totalling 300.000 visitors between passengers and crewmembers said the country’s Tourism and Sports minister Hector Lescano during the official launching of the cruise season.

• Monday, November 15th 2010 - 18:44 UTC

  Korean vessel fire frustrates Uruguay’s cruise season official launching

  

  A fire which broke out in a Korean flagged fishing vessel docked in the port of Montevideo and which was still burning early Monday forced the suspension of the official launching of Uruguay’s cruise season.

• Friday, November 12th 2010 - 18:10 UTC

  Canadian bank interested in setting foot in Uruguay

  

  Nova Scotia bank is close to buying Advent International Corp.’s 54% stake in Uruguay’s Nuevo Banco Comercial, Business News Americas reported on its website.

• Friday, November 12th 2010 - 14:12 UTC

  Argentina “is a country cut in two”, cautions Uruguayan president

  

  Uruguayan president Jose Mujica was critical of Argentina’s economic policies and of the recent organization for the funeral of former president Nestor Kirchner. He also admitted it would be “difficult” to reach a definitive agreement with Argentina regarding the long standing UPM-Botnia pulp mill conflict.