Uruguay

• Friday, September 14th 2012 - 05:18 UTC

  Auction of Pluna’s Bombardier aircraft collapses: terms “non attractive” and “non viable”

  

  Uruguay’s attempt to auction the bankrupt national airline Pluna aircraft collapsed because none of the groups that showed an initial interest turned up arguing that the 136 million dollars for the seven Bombardier CRJ900 NextGen was “not attractive” and considered the whole business deal “non viable”.

• Friday, September 14th 2012 - 03:40 UTC

  Thousands across Argentina take to the streets to protest against re-re-election

  

  Appealing to social networks thousands of Argentines Thursday evening took to the streets of the country’s major cities to protest some of the latest measures from the government of President Cristina Fernandez including the re-re-election plans and the increasing restrictions to the purchase of dollars.

• Friday, September 14th 2012 - 00:51 UTC

  Brazilian extends tax breaks to two dozen industries to stimulate economy

  

  Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.

• Thursday, September 13th 2012 - 17:07 UTC

  Argentina’s official inflation for August, 0.9% and 6.8% in the eight months

  

  Argentina’s inflation advanced 0.9% in August and 6.8% in the first eight months of the year according to the controversial official stats office Indec. Whole sale prices were up 1% over July and the construction cost increased 1.3%.

• Thursday, September 13th 2012 - 17:03 UTC

  Argentina “suggests” banks should limit dollar extractions by credit card holders

  

  The Argentine central bank has informally “suggested” the banking system to limit the advances (in dollars) of credit card holders overseas, reports the Buenos Aires financial press. This is seen as another tightening of the dollar clamp imposed by the administration of President Cristina Fernandez to retain much needed foreign currency.

• Thursday, September 13th 2012 - 16:01 UTC

  Six ambassadors present credentials in Uruguay, including UK, Germany and Chile

  

  Six ambassadors presented their credentials to Uruguayan president Jose Mujica during a ceremony held at the Executive Tower on Tuesday. The first to meet President Mujica was UK ambassador Ben Lyster-Binns.

• Thursday, September 13th 2012 - 02:34 UTC

  South America cruise industry “must work together and rein in costs”

  

  South America's cruise industry has been growing fast and holds vast potential, but the region must work together to tackle issues, create demand and rein in costs, said speakers at the Seatrade South America Cruise Convention in Buenos Aires.

• Wednesday, September 12th 2012 - 04:11 UTC

  Following public uproar, the Timerman family will celebrate the marriage in Buenos Aires

  

  Finally the Argentine Foreign Minister Hector Timerman family decided not to celebrate the marriage of their eldest daughter Jordana in Uruguay’s most exclusive resort but rather in Buenos Aires.

• Tuesday, September 11th 2012 - 06:40 UTC

  Despite the clamp, Timerman’s plans big ‘dollar splash’ next March in Uruguay

  

  While most Argentines face increasing difficulties to access to US dollars, to travel overseas or use their debit and credit cards abroad, (the famous ‘dollar clamp’) one of President Cristina Fernandez most notorious and loquacious ministers, Hector Timerman is organizing a three-day major splash at Uruguay’s most posh resort to celebrate the marriage of his eldest daughter.

• Saturday, September 8th 2012 - 06:58 UTC

  Banking group Lloyds selling Uruguay’s operations to Swiss Banque Heritage

  

  Banking group Lloyds announced on Friday its intention to sell its operations in Uruguay to Banque Heritage (Uruguay) SA in an effort to scale back its international presence.