Uruguay

• Friday, November 12th 2010 - 18:10 UTC

  Canadian bank interested in setting foot in Uruguay

  

  Nova Scotia bank is close to buying Advent International Corp.’s 54% stake in Uruguay’s Nuevo Banco Comercial, Business News Americas reported on its website.

• Friday, November 12th 2010 - 14:12 UTC

  Argentina “is a country cut in two”, cautions Uruguayan president

  

  Uruguayan president Jose Mujica was critical of Argentina’s economic policies and of the recent organization for the funeral of former president Nestor Kirchner. He also admitted it would be “difficult” to reach a definitive agreement with Argentina regarding the long standing UPM-Botnia pulp mill conflict.

• Thursday, November 11th 2010 - 21:07 UTC

  “Scandinavian taxes, Central American services” complains Uruguayan president

  

  Uruguay’s president Jose Mujica admitted his frustration in ruling the South American democracy because between the power of the unions and the huge state bureaucracy it virtually “impedes you from getting anything done”.

• Thursday, November 11th 2010 - 01:09 UTC

  Uruguayan officials with different visions how to address risk of “asset bubbles”

  

  As in most of the rest of the world, conflicting visions of the latest global monetary events and its impact on emerging economies have surfaced among Uruguay’s top officials responsible for the running of the economy and finances.

• Thursday, November 11th 2010 - 00:16 UTC

  Brazilian “competitive devaluation” risk for Uruguay’s exports

  

  A leading Uruguayan economist warned Wednesday about the risks of being highly dependent on Brazil for foreign trade, particularly since the Uruguayan economy could “be trapped in a competitive edge island”.

• Wednesday, November 10th 2010 - 02:23 UTC

  Uruguayan lamb and mutton exports fall 40% in ten months of 2010

  

  Uruguayan lamb and mutton exports during the first 10 months of 2010 fell 40% to 11,628 tons compared with the same period in 2009, while average export prices increased 50% to US$4,766/ton as a result of strong demand.

• Tuesday, November 9th 2010 - 18:36 UTC

  Uruguay’s leading banker calls for prudence, austerity and less triumphalism

  

  In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.

• Tuesday, November 9th 2010 - 04:27 UTC

  In the most unequal region, Uruguay has highest human development index

  

  Uruguay ranks third, behind Argentina and Chile, as the Latin American countries with the highest Human Development Index (HDI), according to the United Nations Development Program (UNDP) 2010 Report, which shows that, despite the significant progress many countries have made, the region continues to register the greatest inequality rates in the world.

• Thursday, November 4th 2010 - 17:51 UTC

  Uruguay the most prosperous country in Latinamerica says Legatum Institute

  

  Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index.

• Tuesday, November 2nd 2010 - 04:41 UTC

  Uruguayan exports expand 20% in value during first ten months of 2010

  

  Uruguayan exports expanded over 20% in value during the first ten months of the year with Brazil consolidating as the country’s main trade partner, according to a report from Uruguay’s Exporters Union.