Uruguay

• Wednesday, October 3rd 2012 - 04:39 UTC

  Out of the blue, Spanish charter company purchased Pluna’s seven Bombardier

  

  Out of the blue a Spanish-based air charter company, Cosmo, and seven minutes after the auction had started purchased the seven Bombardier aircraft from Uruguay’s defunct flag carrier Pluna for the base price of 137 million dollars.

• Monday, October 1st 2012 - 21:16 UTC

  Uruguay’s interest rates hike “will aggravate stubbornly high inflation”, anticipates CE

  

  The latest Uruguayan central bank decision to further hike interest rates is “unlikely to do much to tackle stubbornly high inflation” and contrary to this could end acting as a magnet for foreign capital inflow, “aggravating the very problem it seeks to address”, says Michael Henderson from Capital Economics.

• Saturday, September 29th 2012 - 09:16 UTC

  Anticipating an inflation sprint Uruguay’s central bank raised benchmark rate to 9%

  

  Uruguay's central bank raised its benchmark interest rate 25 basis points to 9% on Friday in a bid to cool inflation expectations. The bank had held the rate steady at its last two monthly monetary policy meetings.

• Friday, September 28th 2012 - 00:44 UTC

  Soybean area keeps expanding in Uruguay; rice planters turning to the oilseed

  

  Uruguayan farmers are planning to sow 1.105.000 hectares of crops this coming 2012/13 summer season, which is similar to last year’s of which 890.000 hectares or 80% will be dedicated to soybeans.

• Wednesday, September 26th 2012 - 02:44 UTC

  Uruguayan parliament discussing controversial bill to legalize abortion

  Uruguay’s Lower House of parliament was discussing on Tuesday night the legalization of abortion for which the ruling coalition was counting on having the sufficient votes. If finally approved Uruguay would join Cuba, which has made abortions accessible to all women during the first trimester of pregnancy.

• Tuesday, September 25th 2012 - 08:05 UTC

  Four Uruguayan marines charged for abusing an 18-year old boy in Haiti

  

  Four Uruguayan marines have been charged on suspicion that they abused a young man while serving as United Nations peacekeepers in Haiti. The four men were charged with “private violence” against 18-year-old Johnny Jean, who says he was raped last year.

• Friday, September 21st 2012 - 06:06 UTC

  Brazil approves bill which allows the opening of tax-free shops along border towns

  

  The Brazilian congress approved this week a bill which enables the opening of free shops or tax free shops, along border towns currently suffering from the massive inflow of imported goods purchased at international prices in such stores in Uruguay, Argentina and Paraguay.

• Thursday, September 20th 2012 - 22:11 UTC

  Uruguay’s economy suffers slight deceleration in 2Q but on track to the 4% target

  

  The Uruguayan economy experienced a slight deceleration in the second quarter of this year, but with an overall positive evolution. GDP increased 0.8% over the previous quarter and 3.8% over the same quarter a year ago, according to the latest release from the Central bank.

• Thursday, September 20th 2012 - 05:26 UTC

  Spring cyclone paralyzes Uruguay’s capital as residents are told to stay at home

  

  An “extra-tropical” cyclone bashed from early Wednesday the River Plate with winds of over 150 kilometres forcing the Uruguayan government to close public buildings, suspend transport and recommend residents in the capital Montevideo and other locations along the coast to remain at home.

• Thursday, September 20th 2012 - 02:22 UTC

  Uruguayan president Mujica at his lowest approval rate since taking office

  

  The approval of Uruguayan president Jose Mujica dropped to 36% which is the lowest since he took office in March 2010, and the lowest of the ruling coalition Broad Front, according to the latest public opinion release.