News Uruguay Banks: Uruguay’s peso tops Big Mac “overvaluation” ranking as government and central bank focus on competitiveness
Uruguay’s peso has been labelled the world’s most “overvalued” currency against the U.S. dollar on a GDP-per-capita-adjusted basis, according to the latest Big Mac Index published by The Economist and cited by Uruguayan media. Under the adjusted methodology, the peso is estimated to be 83.9% above its implied “long-run equilibrium.” In the unadjusted ranking, Uruguay places second, with 43.1% overvaluation, behind the Swiss franc.
News Uruguay Banks: Uruguay slashes rates by 100bp to 6.5%
The Central Bank of Uruguay (BCU) on January 26 cut its policy rate by 100 basis points, thereby accelerating its easing cycle as inflation threatens to undershoot the institution’s target. The ...
News Uruguay Banks: Uruguay Central Bank accelerates easing, cuts key rate to 6.5% as dollar hits lows
Uruguay’s Central Bank (BCU) cut its benchmark policy rate by 100 basis points to 6.5% and said monetary policy “enters an expansionary phase,” framing the move as a way to prevent inflation from drifting away from its 4.5% target and to respond to recent strains in the foreign-exchange market.
News Uruguay Banks: Uruguay declares water emergency, sets tax exemption for bottled water
Uruguay President Luis Lacalle Pou declared a state of emergency in the capital Montevideo because of a water shortage, enacting measures such as tax exemptions for bottled water and the construction of a reservoir.
News Uruguay Banks: Uruguay’s capital grapples with water crisis
Water is the talk of the town in Uruguay's capital Montevideo. People in Uruguay have always been able to safely drink the water that comes from their taps, unlike in some other Latin American countries.
News Uruguay Banks: Drought-hit Uruguay receives first Argentine power exports of 2023
Uruguay, along with other parts of the Southern Cone ... Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance. The central objective of the ...
News Uruguay Banks: MercadoLibre, Inc. Reports Fourth Quarter 2022 Financial Results
MercadoLibre, Inc. (Nasdaq: MELI) ( Latin America's leading e-commerce technology company, today reported financial results for the quarter ended December 31st, 2022, in a letter to shareholders, ...
News Uruguay Banks: FIFA World Cup 2022: Uruguay vs South Korea today – All you need to know
Kicking off its opening match for Group H of FIFA 2022, two times World Cup winner Uruguay is all set to take on South Korea.
News Uruguay Banks: Brazilian conglomerates dominate the Uruguayan meat industry export complex
The Brazilian conglomerate Minerva Foods is moving to complete a further overseas acquisition, this time a state of the art abattoir and meat packing plant in Uruguay which once the deal is completed will mean over 50% of the country's meat industry will be under control of Brazilian conglomerates.
News Uruguay Banks: Inclusive Internship in World Bank in Uruguay
The World Bank’s Office in Uruguay is recruiting an intern for a six-month period, based in Montevideo, to support the Uruguay Country Team in developing and implementing the country program.
News Uruguay Banks: Uruguay/Brazil waterway project studies submitted for financial qualification
Brazil's minister of Infrastructure, Marcelo Sampaio, received last week the studies referred to the concession of the Lagoa Merim Waterway in the state of Rio Grande do Sul bordering with Uruguay.
News Uruguay Banks: US should forge deeper partnership with Uruguay
Uruguay is a good news story in a region plagued by social, economic and political challenges. A small country of 3.5 million people, Uruguay is the leading democratic country in ...
News Uruguay Banks: Santander LatAm advisor joins Uruguay wealth manager
Swiss-Uruguayan independent wealth management firm Sun Partners has hired an experienced advisor from Santander Private Bank in Uruguay. Gastón Sirotá, who has over 10 years’ industry experience, ...
News Uruguay Banks: Coderhouse and Bitso Form an Alliance to Educate About Crypto in Latam
Español (Spanish), too!Bitso’s plans in recent days have included the generation of alliances that seek to promote information on the use of cryptocurrencies. First, the crypto exchange platform ...
News Uruguay Banks: Scotiabank Uruguay S.A. (Update)
Scotiabank Uruguay S.A.'s Issuer Default Ratings (IDRs) are driven by the support that Fitch Ratings believes the ...
News Uruguay Banks: Citibank, N.A. (Uruguay Branch) -- Moody's announces completion of a periodic review of ratings of Citibank, N.A. (Uruguay Branch)
Moody's announces completion of a periodic review of ratings of Citibank, N.A. (Uruguay Branch)Global Credit Research - 20 Jan 2022New York, -- Moody's Investors Service ("Moody's") has completed a ...
News Uruguay Banks: Banco Santander, S.A. (Uruguay) -- Moody's announces completion of a periodic review of ratings of Banco Santander, S.A. (Uruguay)
Moody's announces completion of a periodic review of ratings of Banco Santander, S.A. (Uruguay)Global Credit Research - 20 Jan 2022New York, -- Moody's Investors Service ("Moody's") has completed a ...
