Uruguay

Friday, June 3rd 2011 - 01:52 UTC
Chinese Vice-president arrives in Uruguay to sign 17 agreements

China’s Vice-president Xi Jinping and tipped as a leading candidate to succeed President Hu Jintao will be visiting Uruguay June 7 to 9 as part of a tour that includes Italy, Cuba and Chile.
Thursday, June 2nd 2011 - 08:52 UTC
US dollar looses 1.85% against the Uruguayan Peso in May; 7.44% in five months

The US dollar continues to slide in the Uruguayan foreign exchange market having lost 1.85% in May vis-à-vis the Uruguayan peso, completing the steepest monthly drop so far in 2011.
Thursday, June 2nd 2011 - 08:46 UTC
Soaring imports push Uruguay’s trade deficit in the first quarter

Uruguay’s trade balance registered a deficit of 790 million US dollars in the first quarter of the year, according to the latest data from the central bank. Exports totalled 1.681 billion USD, up 30.5% over the previous year while imports totalled 2.470 billion USD, up 49.5%.
Thursday, June 2nd 2011 - 03:59 UTC
Uruguay rejects Zamin Ferrous mining project environment impact report

Uruguay made a long list of objections to the environment impact assessment study presented by the Aratiri mining project which plans open-pit extraction of magnetite (ferrous component) from vast resources in Valentines, the heart of the South American country.
Thursday, June 2nd 2011 - 00:46 UTC
Uruguay's fiscal deficit steady at 1.6% of GDP; lack of rains fuels power bill

Uruguay’s fiscal deficit increased 0.7 percentage points of GDP in April reaching 1.6% of GDP in the accumulated twelve months, reports the Ministry of Economy and Finance. The 1.6% of GDP is the fiscal budget deficit target established by the government for the whole of 2011, which was recently increased.
Wednesday, June 1st 2011 - 10:33 UTC
The unstoppable march of the tobacco giants

By Emily Dugan - The following piece from The Independent on Sunday describes how in spite of the World NO tobacco Day (May 31) the industry ruthlessly exploits the developing world and makes huge profits even when smoking in the richer countries has been falling sustainedly.
Tuesday, May 31st 2011 - 08:43 UTC
Uruguay and Brazil pledge full support for Mercosur and Unasur

Uruguay and Brazil pledged Monday to continue strengthening the bilateral relation and regional integration through Mercosur and Unasur, after presidents Jose Mujica and Dilma Rousseff delegations signed fifteen cooperation agreements in Montevideo.
Monday, May 30th 2011 - 02:39 UTC
Latam’s largest bank has requested to operate in Uruguay as commercial bank

Banco do Brasil, Latin America’s largest financial institution has requested a licence to operate in Uruguay as a commercial bank according to the Brazilian government’s news agency.
Monday, May 30th 2011 - 00:50 UTC
Rousseff visits Uruguay to sign 12 accords on trade, integration and technology

Brazilian president Dilma Rousseff arrives Monday in Uruguay, the third country she will be visiting after China and Argentina, since taking office last January first. The two countries are founding full members of Mercosur and Brazil is Uruguay’s main trade partner.
Saturday, May 28th 2011 - 08:07 UTC
Uruguay has the most expensive cattle in the world, says British abattoir

Uruguay has the most expensive cattle in the world in moments when international beef prices tend to slide which makes it very difficult to have a reasonable operation forcing abattoirs to leave workers redundant.