Monday, November 3rd 2014 - 08:59 UTC

Brazil and Uruguay agree to bilateral trade in local currencies

The money rate exchange for the operations will be published on a daily basis by the central bank of each country

Brazil and Uruguay as of next December will be able to use local currencies in bilateral trade, disregarding appealing to US dollars, based on the agreement signed last Friday between the central bank presidents of the two countries, Alexandre Tombini (Brazil) and Alberto Graña (Uruguay).

Friday, October 31st 2014 - 08:15 UTC

Uruguayan challenger promises to abolish tax on pensions and lift the income tax floor

“Take my word, no new taxes, no increase in the retirement age, all of which is in our government agenda”, pledged Lacalle Pou

Uruguay's opposition candidate Luis Lacalle Pou admitted on Thursday that defeating incumbent Tabare Vazquez in the 30 November runoff is 'difficult' but not impossible. In last Sunday's first round the incumbent candidate garnered 47.9% of the vote and Lacalle Pou, 30.9%.

Thursday, October 30th 2014 - 21:36 UTC

Argentina tells bondholders to take legal action against Judge Griesa who is 'withholding funds'

“Instead of demanding the acceleration, bondholders should take legal actions against Griesa who is improperly withholding funds” said Capitanich

Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.

Wednesday, October 29th 2014 - 05:49 UTC

Praise from OAS to Uruguay's electoral system and political practice

Election Day reflected the full confidence of Uruguayan voters in the electoral system said Insulza

The Organization of American States Secretary General, (OAS), congratulated the Uruguayan people on their democratic spirit shown during Sunday´s general elections. He also extended praise to the two candidates that advanced to the second round, Tabare Vazquez from the ruling Broad Front, and Luis Lacalle Pou from the National Party.

Tuesday, October 28th 2014 - 07:03 UTC

Uruguay's ruling Broad Front headed for parliamentary majority

If Vazquez wins the runoff, he will have ensured a majority in the Senate for the ruling coalition

Uruguay's ruling Broad Front coalition, despite pollster forecasts to the contrary, confirmed their dominance of local politics and are likely to enjoy a parliamentary majority, after the Sunday presidential election that left Tabare Vazquez as favorite to succeed José Mujica as head of state.

Tuesday, October 28th 2014 - 06:18 UTC

Reelected Dilma and Cristina Fernandez will discuss “strengthening Mercosur”

Rousseff and CFK will convene in Brisbane at the upcoming G20 summit scheduled for November 15 and 16

The reelected President of Brazil Dilma Rousseff called President Cristina Fernandez on Monday to thank her Argentine counterpart for her message of congratulations following victory at the polls, as well as organizing a bilateral meeting in Australia during the G20 summit.

Monday, October 27th 2014 - 06:57 UTC

Vazquez anticipates victory in November and pledges consensuses with other political forces

On Monday “we begin a new chapter in the struggle to reach the presidency”, said Vazquez to a massive crowd at a rally in downtown Montevideo.

Uruguay's ruling coalition Broad Front presidential candidate Tabare Vazquez underlined on Sunday night that his political force received the most votes and is in the “threshold” of again having a parliamentary majority; however he anticipated he was willing to work to reach consensuses in political and social issues with other parties or groupings.

Monday, October 27th 2014 - 06:46 UTC

Bordaberry pledges support for Lacalle Pou in the 30 November runoff

The Colorado party lider next to Lacalle Pou (L) announcing he would support the National party in the November runoff.

Pedro Bordaberry, the Colorado party presidential candidate who did not make it to the runoff in Uruguay's Sunday election, announced the country 'urgently needs changes' and in this new scenario National party candidate Luis Lacalle Pou is the option.

Saturday, October 25th 2014 - 10:25 UTC

Uruguay's Sunday election and the ruling coalition furious internal dispute

Vazquez the charismatic leader capable of attracting independent and middle of the road votes

On Sunday 2.6 million Uruguayan registered voters will decide who will be their next president plus 30 Senators and 99 Lower House members. If no presidential candidate makes 50% of valid ballots plus one, the most probable result a run off takes place at the end of November between the two most voted candidates.

Friday, October 24th 2014 - 07:19 UTC

Uruguayan candidates end campaigns with their minds on a November runoff

Vazquez appealed to all Broad Front militants to vote on Sunday and called to defend 'joy and happiness'

The three main presidential candidates for Uruguay's Sunday 26 October election closed their campaigns on Thursday evening with three huge political rallies that gathered thousands of militants and put an end to months of travel, speeches, flesh pressing and baby kissing, in what could prove to be the tightest race in recent years.


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