Uruguay

Monday, December 13th 2010 - 04:51 UTC
Top Korean steelmaker earns carbon-credits with afforestation project in Uruguay

Korea’s POSCO major forestation project in Uruguay has been accredited by the United Nations as helping offset the steel-maker's huge carbon footprint. The Korean steel-maker registered the CDM (Clean Development Mechanism) business with the UN Framework Convention on Climate Change (UNFCC) to earn carbon credits through its afforestation project in Uruguay.
Monday, December 13th 2010 - 03:18 UTC
Uruguay’s Central bank contracts auditing firm for 2010/2012

Stavros Moyal y Asociados S.R.L., the Russell Bedford accounting group's Uruguayan firm, has won the contract to audit the Central Bank of Uruguay (Banco Central del Uruguay). The audit was won in public competition against Big-4 firms for the period 2010 - 2012.
Thursday, December 9th 2010 - 16:31 UTC
Moody’s rates Uruguay just below ‘investment grade’ but next step 'distant'

Moody's Investors risk Service raised the sovereign foreign currency credit rating for Mercosur member Uruguay by two notches to Ba1 from Ba3 on Wednesday, leaving it just below investment grade, citing improved debt and fiscal indicators.
Tuesday, December 7th 2010 - 08:29 UTC
Chinese credit rating agency gives Uruguay grade BB+ for local and foreign currency

A Chinese credit rating agency issued the sovereign credit ratings for Ireland and four other countries including Uruguay, assigning Ireland the BBB grade for both local currency and foreign currency with a stable outlook.
The other four countries rated are Finland, Uruguay, Kenya and Sudan.
Tuesday, December 7th 2010 - 08:21 UTC
Bank of Nova Scotia confirms acquisition of leading institution in Uruguay

Bank of Nova Scotia, the Canadian bank that is aggressively expanding its presence in Latin America, is now pushing into Uruguay with the acquisition of private bank Nuevo Banco Comercial and consumer-finance company Pronto, it said on Monday.
Friday, December 3rd 2010 - 06:29 UTC
Uruguay headed for a record year in exports; Brazil main trade partner

Uruguay’s exports jumped 23.3% during the first eleven months of 2010, anticipating a new value record for the year. Exports totalled 6.1 billion US dollars between January-November compared to 4.95 billion in the same period a year earlier and are higher than the twelve month previous record of 6.1 billion in 2008, according to Uruguay’s Exporters’ Union.
Thursday, December 2nd 2010 - 21:25 UTC
Uruguay praises Unasur; no agreement yet on next secretary general

Unasur has been a fundamental factor of stability, democracy and peace for the region said Uruguay’s Foreign Affairs minister Luis Almagro, following on Uruguay’s Parliament’s ratification of the group’s founding charter and constitution. However Almagro admitted consensus on a name for Secretary General of Unasur is still pending.
Thursday, December 2nd 2010 - 19:38 UTC
Canada’s Scotiabank ready to take over Uruguay’s third largest private bank

Canadian Scotiabank (NYSE: BNS) is close to purchase the US private equity firm Advent’s stakes in Uruguay's third largest private sector bank Nuevo Banco Comercial (NBC) and consumer credit company Pronto!, was reported Thursday in Montevideo.
Friday, November 26th 2010 - 02:18 UTC
Uruguay’s Lower House approves Unasur; Senate votes next Tuesday

Uruguay’s Lower House approved on Thursday the Unasur (Union of South American Nations) constitution protocol sending a strong message of support to the group’s summit in Guyana.
Thursday, November 25th 2010 - 21:25 UTC
First time ever woman president (for a few days) in Uruguay

Uruguay’s First Lady and speaker of the main Senate group in the ruling coalition Lucia Topolansky will be sworn as interim president on Friday, the first woman-president in the history of the Uruguayan democracy.