Uruguay

• Saturday, June 14th 2014 - 09:29 UTC

  Argentina on the war path against Uruguay following re-ignition of pulp mill dispute

  

  Argentina reacted strongly and with a letter in harsh terms to Uruguay's decision to authorize Finland's UPM-Kymmene pulp mill to increase annual production by 8%. The letter addressed by Foreign minister Hector Timerman to his peer Luis Almagro informs Argentina will take the case to international tribunals and is currently 'reassessing' bilateral relations.

• Friday, June 13th 2014 - 08:37 UTC

  Uruguay's main parties completed their presidential tickets for 26 October

  

  Uruguay's ruling coalition and the main opposition National party have finally worked out their presidential tickets for October's general election, following on the results, and subsequent negotiations, of the June first primary elections.

• Thursday, June 12th 2014 - 07:39 UTC

  Beijing hosts this year's Meat Congress; China has become Uruguay's main beef client

  

  China will be holding this year's World Meat Congress in Beijing, an event traditionally hosted by meat producing and exporting countries. However the significance of the world's second largest economy and its booming demand for meat have made it the right place for the 14/16 June conference.

• Wednesday, June 11th 2014 - 01:48 UTC

  Uruguay issues 2 billion dollars of new 2050 global bond to help spread the country's debt

  

  Uruguay issued 2 billion dollars of a new 2050 global bond on Tuesday at a spread of 165 to 170 basis points over U.S. Treasuries as part of the government's bid to put less strain on its accounts in the near- and medium-term, it was reported.

• Wednesday, June 4th 2014 - 09:14 UTC

  Uruguay ready to receive Guantanamo prisoners and displaced Syrian children

  

  Uruguayan government negotiations with Washington to receive detainees from the US jail in Guantanamo base, and with the UN to host Syrian children and their families are well advanced, revealed Foreign minister Luis Almagro.

• Wednesday, June 4th 2014 - 09:03 UTC

  Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

  

  Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.

• Tuesday, June 3rd 2014 - 05:51 UTC

  Uruguay's primaries give birth to a new young leader in the ruling coalition

  

  Yet more surprises from last Sunday's primaries in Uruguay to choose candidates for the October presidential election. Not only did the main opposition vote overwhelmingly for renewal, but now it has emerged that in the ruling coalition, which suffers from a generation of Jurassic leaders, a young challenger has emerged as the most voted and is now demanding a place in the presidential ticket.

• Monday, June 2nd 2014 - 08:21 UTC

  Moody's upgrades Uruguay's rating to Baa3, based on reduced 'vulnerabilities'

  

  Moody's Investors Service last Friday announced it had upgraded Uruguay's government bond rating to Baa2 from Baa3, and assigned a stable outlook to the Baa2 rating. The upgrade was driven by the strengthening of Uruguay's sovereign credit profile, as reflected by the convergence of fiscal and debt metric, an overall government debt profile that is currently associated with moderate credit risks, and the country's reduced vulnerabilities to regional and commodity shocks.

• Monday, June 2nd 2014 - 07:13 UTC

  Vazquez, Lacalle Pou and Bordaberry: one the three will be Uruguay's next president

  

  Sunday's primaries in Uruguay cleared the way for the candidates of the four parties with legislative representation that will be disputing the presidential election next October 26, with a run-off a month later if none of them manages 50% plus one of ballots.

• Saturday, May 31st 2014 - 06:08 UTC

  Uruguay's FDI equivalent to 5% of GDP and mostly in alternative energies, said Eclac report

  

  Foreign direct investment in Uruguay totaled 2.79bn dollars last year, which is slightly higher than the 2.68bn of 2012, equivalent to 5% of GDP, according to the latest report on FDI for the region from the UN Economic Commission for Latin America and the Caribbean.