
The Uruguayan wool market has become particularly dynamic during this 2025/26 season, reflecting events in Australia where prices for clean fine wool have soared above US$ 12 per kilo, for the first time in six and a half years, very close to the maximums from 2019.
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Uruguay’s Conexión Ganadera investigation — a criminal case stemming from the collapse of a livestock-linked investment operation that led to fraud charges and, in some instances, money-laundering allegations — has moved forward after the Central Bank of Uruguay (BCU) sent prosecutors a report detailing bank transfers made by Marcela Carrasco, the daughter of Pablo Carrasco, a founder of the firm who is currently in pre-trial detention and charged with money laundering.
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A string of disagreements between Uruguay’s and Argentina’s delegations at the Administrative Commission of the Uruguay River (CARU) has heightened internal friction at the binational body in recent weeks, amid clashes involving infrastructure proposals, absences from official events and public allegations over the handling of funds and allowances.
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Uruguay’s government has terminated its contract with Spain’s Cardama shipyard for the construction of two offshore patrol vessels (OPVs) for the Uruguayan Navy, citing “serious contractual breaches,” and said it will seek damages through legal action.
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Uruguay’s President Yamandú Orsi tested negative for chickenpox after undergoing screening prompted by a confirmed case within the official delegation that returned from a trip to China, the Ministry of Public Health (MSP) said on Monday.
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According to the Interior Ministry, the plot relied on a commercial premises leased in mid-2025, from which an access point was allegedly opened into the sewers to advance toward a nearby financial institution. The broader investigation began on September 11 with an anonymous tip about a suspected drug-selling point in Neptunia, in Canelones, and expanded as investigators tracked a network with logistical presence in Montevideo.

Taiwan’s government issued a “strong protest and condemnation” after a joint statement released in Beijing by Uruguay’s President Yamandú Orsi and China’s President Xi Jinping reiterated Montevideo’s adherence to the “one China” principle and described Taiwan as an “inalienable” part of Chinese territory.

Peru’s Catholic bishops say preparations are under way for Pope Leo XIV to travel to Peru in November or the first week of December, a trip that would take the first U.S.-born pontiff back to a country where he served as a bishop and later obtained Peruvian citizenship.

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.

China’s President Xi Jinping met Uruguay’s President Yamandú Orsi in Beijing on Tuesday, a visit framed by both sides as a bid to deepen political alignment and broaden economic ties at a moment of heightened geopolitical competition.