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Arauco and Stora Enso Will Invest in Uruguay’s Biggest Private Project Till Date

A unit of the Chilean company Copec, Arauco, together with Stora Enso, a paper maker from Finland, is planning to make investment amounting $1.9bn in a Uruguayan pulp mill. The…

$1.29 Trillion Deficit Experienced in Fiscal 2010

The Treasury Department revealed on Friday that the budget deficit for fiscal year 2010 decreased from 10 per cent in 2009 to nearly 9 per cent of gross domestic product…