Uruguay

Thursday, September 16th 2010 - 05:06 UTC
USDA forecasts Uruguay’s beef exports will increase to 400.000 tons in 2011

Uruguay’s beef exports may rise by 2.6% next year as demand recovers from the global recession, according to a unit of the U.S. Department of Agriculture.
Tuesday, September 14th 2010 - 02:57 UTC
Uruguay feels Mercosur is a diplomatic club, still too distant from the people

Mercosur is currently a “Foreign Affairs ministries club” which has failed in getting people involved in the integration idea and process, said Uruguayan Foreign Secretary Luis Almagro during a press conference Monday at Government House.
Saturday, September 11th 2010 - 18:39 UTC
Uruguay’s definitive iron-ore feasibility project to be completed by mid-2011

Swiss-based iron ore mining start-up Zamin Ferrous through its Brazilian affiliate is finishing the drilling stage of an iron-ore project in Valentines, Uruguay, and expects to complete its “definitive” feasibility study by mid-2011.
Thursday, September 9th 2010 - 23:03 UTC
FT describes Uruguay and Paraguay as “Latin America’s impressive little guys”

Under the heading of “Latin America’s impressive little guys, Uruguay and Paraguay”, the Financial Times praises the two countries for “punching above their weight” and catching the attention of foreign corporate investors.
Wednesday, September 8th 2010 - 04:53 UTC
Argentina wants to stall Montevideo port as the efficient regional hub

In spite of the good relations between the governments of Uruguay and Argentina following the agreement reached on pulp mills, pending and new issues are creeping into the bilateral agenda that could threaten the good chemistry between presidents Jose Mujica and Cristina Kirchner.
Tuesday, September 7th 2010 - 08:08 UTC
Reclaiming Investment Grade, key priority of the Uruguayan government

Uruguay is resolutely on its way to reclaim the investment grade status it lost in 2002 according to Franco Uccelli an analyst with JP Morgan Chase. Uccelli says that growth continues to outperform expectations; infrastructure projects are set to take centre stage; fiscal consolidation is firmly underway; the public debt burden is poised to decline and no international bond issuance is planned for 2010. Fundamental support for the currency remains intact and a return to Investment Grade has become a key priority for the government.
Tuesday, September 7th 2010 - 05:52 UTC
Uruguay announces re-purchase of 500 million USD of sovereign debt

The Uruguayan government announced that it authorized the repurchase of 500 million US dollars of sovereign debt with the purpose of optimizing its composition and the maturing timetable.
Tuesday, September 7th 2010 - 05:50 UTC
S&P raises Uruguay’s long term credit ratings to BB from BB-

Standard & Poor's Ratings Services raised its long-term foreign and local currency sovereign credit ratings on Uruguay to BB from BB- with a stable outlook thanks to the country's track record of sustained economic growth.
Monday, September 6th 2010 - 05:19 UTC
Canadian company impressed by first “gold values” prospecting in Uruguay

The Canadian company B2Gold announced “impressive gold values” from a systematic mechanical trenching program in the south of Uruguay where in association with a local company (Weeping Apple S.A.) it has an option to survey ten claims totalling 34.200 hectares.
Monday, September 6th 2010 - 04:20 UTC
A majority of Montevideo residents (71%) feel the city is not safe

A majority of Uruguay’s capital Montevideo residents (71%) feel the city is not safe and fear “mugging in the streets” and “young people consuming ‘pasta base’” (a cheap by-product of cocaine). They are also unsatisfied with the city’s transport system.