Uruguay

• Wednesday, June 6th 2012 - 06:33 UTC

  Uruguayan economist joins Brookings Institution as director of Latam Initiative

  

  Ernesto Talvi, an expert on Latin America, emerging markets and economic policy, will join the Brookings Institution as director of the Latin American Initiative (LAI), Brookings President Strobe Talbott announced this week.

• Wednesday, June 6th 2012 - 06:27 UTC

  Uruguay planning to expand nascent sovereign debt market to improve liquidity

  

  Uruguay wants to expand its nascent local sovereign debt market to improve the liquidity of its securities, said Azucena Arbeleche, the head of the country’s debt management unit at the Ministry of Economy and Finance.

• Tuesday, June 5th 2012 - 23:34 UTC

  Uruguay lost competitiveness for sixth month running in April with main trade partners

  

  External competitiveness of Uruguayan goods dropped for the sixth month running in April because locally produced goods’ prices in US dollars dropped less than those of its main trade partners according to figures released by the Central bank.

• Tuesday, June 5th 2012 - 20:03 UTC

  Uruguay’s inflation kept climbing in May reaching an annualized 8.06%

  

  Uruguay’s inflation climbed in May to an annualized 8.06% the highest so far this year, according to the Statistics Office release on Tuesday. In May consumer prices were up 0.39% over April accumulating 3.82% in the first five months of the year, which makes the annual target of 4% to 6% hard to achieve.

• Tuesday, June 5th 2012 - 07:46 UTC

  Canada and US closely monitoring Uruguay’s flag air carrier in the brink of default

  

  The governments of Canada and the US are “concerned” and “closely following” events in Uruguay’s flag air carrier Pluna since banks and an investment fund from the two countries are heavily involved in the running of the money-loosing company is spite of repeated financial support from the Uruguayan government.

• Monday, June 4th 2012 - 03:22 UTC

  Latin America holds 42% of the world’s agriculture expansion potential

  

  Latin America is one of the few regions of the world where agriculture production can expand since it holds 42% of that potential globally, said Victor M. Villalobos Director General of the Inter American Institute for the Cooperation on Agriculture, IICA.

• Friday, June 1st 2012 - 02:24 UTC

  Uruguay looks to China to expand trade and services, and attract more investment

  

  Uruguay looks forward to increase trade with China in value and diversification as Beijing commands a bigger economic and cooperation role in South America, Uruguayan Foreign Minister Luis Almagro said in an interview with China Daily.

• Wednesday, May 30th 2012 - 05:01 UTC

  Brazilian petrochemical expands to Uruguay and buys local plant

  

  Brazilian petrochemical conglomerate Ultrapar Paticipacoes SA announced it had purchased Uruguay’s American Chemical for 79 million dollars. Ultrapar is also linked to businesses in fuels and liquids storage, according to a Brazilian securities filing on Monday.

• Monday, May 28th 2012 - 23:12 UTC

  Mercosur raises maximum allowed tariff, 35% on 100 imported goods, says Brazil

  

  Brazil raised to the maximum the common external tariff, AEC, that Mercosur charges on imported goods from out of the zone. The decree was published in Monday’s edition of the Official Gazette and includes a hundred goods.

• Friday, May 25th 2012 - 07:01 UTC

  Three former presidents admit Mercosur has failed and has Uruguay ‘trapped’

  

  Three former Uruguayan presidents recommended the current administration that without abandoning Mercosur, it should look at major trade blocks associations but at the same time a strong self criticism is needed because maybe the problem is not in Mercosur but in Uruguay.