Uruguay

• 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.

• Saturday, May 28th 2011 - 08:02 UTC

  Mercosur tourism ministers address ‘border crossings” and overseas promotion

  

  Mercosur tourism ministers agreed to facilitate border crossings for citizens from country members and to draft a homogeneous system for keeping the industry’s statistics, during their XI meeting held in Asuncion, Paraguay.

• Saturday, May 28th 2011 - 00:36 UTC

  Uruguay successfully floats Samurai bonds; warnings of economy over-heating

  

  Interest for Uruguayan ten-year bonds in Yens more than doubled the issue equivalent to 490 million US dollars. The bonds are guaranteed by Japan Bank for International Cooperation with a 1.6% yield.

• Friday, May 27th 2011 - 22:37 UTC

  Chile’s pulp giant Arauco trebles profits in first quarter of 2011

  

  Chile’s Arauco the forestry and pulp unit belonging to the Copec group, trebled profits in the first quarter boosted by higher international prices and sale volumes particularly pulp, according to the company’s latest financial report.

• Friday, May 27th 2011 - 08:48 UTC

  Real estate operations in Punta del Este reached 2.25 billion USD in 12 months

  

  Real estate operations in Uruguay’s hottest resort and leisure farms’ area totalled 2.55 billion US dollars in the twelve months to April 2011, equivalent to daily deals involving 7 million USD.

• Friday, May 27th 2011 - 08:44 UTC

  Roubini forecasts Uruguay needs additional measures to contain inflation

  

  Roubini General Economics, RGE, founded by Nouriel Roubini the economist described as Dr. Doom for having predicted long before his peers the US financial and mortgage crisis said the Uruguayan government must apply additional measures to higher rates and bank reserves, to help contain inflation.

• Thursday, May 26th 2011 - 19:53 UTC

  Construction of Uruguay’s second pulp mill begins with concern on costs in Pesos

  

  The scarcity of qualified labour and the increase in costs have become a growing concern for the pulp mill that Chilean and Scandinavian investors are building in Conchillas, Uruguay.

• Thursday, May 26th 2011 - 18:31 UTC

  Uruguay’s beef and lamb exports up in value but down in volume

  

  Uruguay’s beef exports in the first four months of 2011 have been lower in volume but higher in revenue compared to the same period a year ago. Something similar is happening with lamb although the fall in volume was even greater.