Uruguay

Uruguay
Thursday, April 17th 2014 - 08:16 UTC

Mujica proposes wife Topolansky as the ruling coalition's vice-president candidate

Lucia Topolansky is a former urban guerrilla, Senator and First Lady

Uruguayan president Jose Mujica has said that his wife and First Lady, Lucia Topolansky would make “a good Vice-president”. His statement comes ahead of June's primary and October's presidential election when Mujica's five year term will be over and he can't be re-elected immediately.

Tuesday, April 15th 2014 - 04:01 UTC

White House confirms Uruguay's Mujica will meet President Obama on 12 May

The Uruguayan president will be travelling to Washington on time for the 12 May appointment

The White House confirmed on Monday that President Obama will host his Uruguayan peer Jose Mujica on May 12, highlighting the close partnership with Uruguay and strong leadership of Mujica's administration on human rights, social inclusion and global peace and security.

Wednesday, April 9th 2014 - 06:30 UTC

Uruguay significantly stronger but still vulnerable to Argentina, says Fitch

Argentine FDI flows into Uruguay since 2007 has somewhat replaced the accumulation of deposits in Uruguayan banks

While Uruguay's current financial position is significantly stronger than in the early 2000s when its economy suffered from the effects of the Argentine crisis, a severe downturn in Argentina could still have an important impact on Uruguay's economy through a variety of transmission channels, according to a new special report published by Fitch Ratings.

Tuesday, April 8th 2014 - 22:20 UTC

Memorial unveiling to commemorate the Battle of the River Plate

HMS Ajax one of the three Royal Navy vessels involved in the battle

Survivors of the first major naval battle of the Second World War will gather at Britain's National Memorial Arboretum to unveil a memorial commemorating the event. The Battle of the River Plate took place 75 years ago (December 1939), and less than a dozen veterans are still alive from this, the only episode of the war to take place in South America.

Friday, April 4th 2014 - 04:35 UTC

Uruguayan government feels it can tame inflation based on March's index

Minister Bergara, the outlook is positive for the coming months

Inflation in Uruguay during March reached 0.58% accumulating 4.74% in the first quarter and 9.73% in the last twelve months, which is seen as 'positive' and an indication that recent measures to contain prices are 'being successful', according to Economy minister Mario Bergara.

Friday, April 4th 2014 - 04:20 UTC

FIFA confirms Uruguay will be in the World Cup despite domestic football problems

Uruguay will be playing at the World Cup, confirmed Blatter

Uruguay's Football Association (AUF) has been suspended by South American soccer body CONMEBOL, a move the AUF said did not affect the national team's participation at the World Cup. The announcement Uruguay would be in Brazil was confirmed by statements from FIFA president Joseph Blatter from Costa Rica.

Tuesday, April 1st 2014 - 03:45 UTC

Conflict with government over violence in Uruguayan football could have FIFA consequences

The match between Nacional and Newell's Boys and following violence triggered the current situation

Uruguayan Football Association (AUF) president Sebastián Bauza and the entire body's board of directors have tendered their resignations, as a fierce conflict sparked by President José Mujica's decision to remove police officers from the country's two most popular teams' matches (Peñarol and Nacional) generally marred by violence and destruction.

Monday, March 31st 2014 - 19:42 UTC

Uruguay and Peru in line for a possible upgrading, according to Moody's

Uruguay central bank with sufficient reserves to cover 18 months of debt payments plus contingent funds

Uruguay and Peru are the first Latin American countries in line for a possible credit rating hike by Moody's Investors Service, at a moment when sovereign upgrades are expected to become more scarce in the region, a senior analyst with the ratings firm said.

Friday, March 21st 2014 - 01:20 UTC

Mujica confirms Uruguay will accept Guantanamo prisoners as 'refugees'

The Uruguayan president made the revelation on Thursday

President Jose Mujica confirmed that Uruguay has agreed with the United States to accept some prisoners held in the much-criticized detention center at the US military base of Guantanamo Bay, but he also cautioned that “everything has a bill”.

Wednesday, March 19th 2014 - 07:30 UTC

A Vazquez victory forecasted in Uruguay but with 'orthodox economics' threatened

The former president will face the greatest challenges from inside the coalition

The Economist Intelligence Unit anticipates a 2015 scenario in which Tabaré Vazquez from the ruling coalition will most probably be president, but in a situation quite different from that of his first mandate (2005/2010) if he insists in implementing orthodox economics.

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