Uruguay

• Saturday, October 1st 2011 - 05:50 UTC

  Achieving investment grade is “not critical” for Uruguay, says Economy minister

  

  Achieving investment grade in the current global scenario is “not critical” for Uruguay since the country has sufficient financing and operates in world markets as “if it had a better rating than it actually has”, said Economy minister Fernando Lorenzo.

• Friday, September 30th 2011 - 16:27 UTC

  Latin America remembers and praises links with Beijing on China’s National Day

  

  With China's National Day hours away, (October first), countries across Latin America pledged to further deepen ties with China, one of their biggest trade partners.

• Friday, September 30th 2011 - 06:13 UTC

  Chilean/Swedish group ensure 1.35billion dollars to finance pulp plant in Uruguay

  

  The Chilean group Arauco, an affiliate of the pulp and paper Copec Enterprises announced on Thursday that together with its European partner they had subscribed 1.354 billion dollars in loans for the construction of a pulp plant in Uruguay.

• Friday, September 30th 2011 - 06:05 UTC

  Uruguay leaves basic rate unchanged at 8%; inflation remains above target

  

  Uruguay’s Central bank kept its benchmark interest rate unchanged as policymakers focus on bringing inflation back to target in anticipation of possible impacts from a global slowdown.

• Monday, September 26th 2011 - 18:33 UTC

  Uruguay begins negotiations to mitigate Brazilian trade restrictions

  

  A Uruguayan government delegation will begin talks on Tuesday in Brazil to address the latest restrictions imposed by Mercosur largest member and which threaten several manufacturing sectors, particularly the auto industry, said Foreign Affairs minister Luis Almagro.

• Friday, September 23rd 2011 - 08:00 UTC

  Uruguay could reconsider links with Mercosur given obstacles to inter-trade

  

  Uruguay is reconsidering the situation and links with Mercosur, given the recent trade obstacles and tariffs imposed by Mercosur senior partners Brazil and Argentina, announced President Jose Mujica in an interview.

• Friday, September 23rd 2011 - 07:57 UTC

  Uruguay’s second oil licensing round triggers greater expressions of interest

  

  Uruguay's government oil corporation Ancap has received expressions of interest from at least 10 foreign companies for 15 offshore oil and gas exploration blocks it is offering in its second licensing round, a company official said in Geneva.

• Wednesday, September 21st 2011 - 00:49 UTC

  Uruguay alert to the extent of Brazil recent measures on auto imports

  

  Uruguayan president Jose Mujica admitted a certain ‘stinging feeling’ following the recent Brazilian decision to increase import taxes on vehicles by 30%, which could also have an impact on Mercosur partners.

• Tuesday, September 20th 2011 - 21:22 UTC

  Good grades for Latam in IMF report; Uruguay’s forecasted growth: 6% in 2011

  

  The IMF forecasts Uruguay’s economy will expand 6% in 2011 and 4.2% the following year. Estimates are in line with targets made public by Uruguay’s central bank.

• Tuesday, September 20th 2011 - 08:58 UTC

  Five Uruguayan marines sentenced to jail for ‘gross misconduct’ in Haiti

  

  Five Uruguayan marines from the UN peacekeeping mission in Haiti accused of abusing a young Haitian were sentenced to jail by military justice for serious misconduct and omissions while on duty.