Uruguay

• Monday, October 4th 2010 - 03:53 UTC

  Uruguay’s debt/GDP ratio down after five quarters running increases

  

  Uruguay’s gross public sector debt contracted in the second quarter of the year after five consecutive periods of sustained increase and now stands at 21.885 billion US dollars equivalent to 59.5% of GDP.

• Friday, October 1st 2010 - 00:14 UTC

  Uruguay presented pre-candidacy, with Argentina, for the 2030 World Cup

  

  The international football federation, FIFA, President Joseph Blatter confirmed that Uruguay has expressed interest in organizing jointly with Argentina, the 2030 World Soccer Cup, to celebrate the 100 years of the first Jules Rimet edition and Uruguay’s victory.

• Thursday, September 30th 2010 - 00:51 UTC

  Latinamerican banks meet in Punta del Este to analyze post-crisis opportunities

  

  More than 1500 participants from the banking world are expected to attend the November assembly of the Latinamerican Federation of banks, Felaban, to be held in Punta del Este, Uruguay.

• Tuesday, September 28th 2010 - 21:22 UTC

  World Cup top star Forlan will promote Uruguay’s tourism attractions campaign

  

  Uruguay’s world soccer star Diego Forlan will become next November the visible face of the official campaign to promote the country’s tourism attractions.

• Tuesday, September 28th 2010 - 05:54 UTC

  Mujica rejects nationalization, preaches orthodox economics and praises the media

  

  Uruguayan president Jose Mujica said that taking over companies by the state “is a solution that has been abandoned” and is the “perfect recipe to breed an oppressive bureaucracy”.

• Saturday, September 25th 2010 - 05:06 UTC

  Uruguay raises basic rate; gives priority to inflation target

  

  Uruguay’s central bank raised on Friday its overnight lending rate to 6.5% from 6.25% as inflation expectations are above the target range of 4% to 6%. The decision took the market by surprise since exporters have been asking for a stronger US dollar, but the Economy ministry said “it did not visualize a loss of competitiveness”.

• Friday, September 24th 2010 - 05:12 UTC

  Uruguay marks distance from Argentina: UK does not come to plunder resources

  

  Uruguayan president Jose Mujica marked distance from Argentina’s Cristina Kirchner and said that denying clearance to a Falkland Islands bound British destroyer to call in Montevideo was based on previous decisions on the issue and “not in a defence of interests against the UK”, reports the local daily Ultima Noticias.

• Friday, September 24th 2010 - 02:49 UTC

  In two years Argentina’s cattle herd lost 15% and is down to 49 million

  

  Argentines have lost their title as the world’s biggest beef eaters after the worst drought in 70 years and government export limits to contain domestic prices led ranchers to reduce the number of cattle on the Pampas. Exports have also fallen drastically.

• Thursday, September 23rd 2010 - 00:25 UTC

  Singapore based group takes over New Zealand dairy farms in Uruguay

  

  Singapore-based Olam International has successfully gained control of NZX-listed NZ Farming Systems Uruguay. As part of the takeover bid Olam offered 70c a share for all shares, valuing NZ Farming Systems at 171 million NZ dollars, conditional on getting more than half the shares.

• Wednesday, September 22nd 2010 - 15:54 UTC

  Royal Navy: HMS Gloucester snub will not affect good relationship with Uruguay

  

  The Royal Navy is “disappointed” with Uruguay's treatment of a warship heading to the Falkland Islands, but the incident will not affect “the good defence relationship with the Uruguayans, writes Michael Powell The News from Portsmouth Defence correspondent.