Uruguay

• Tuesday, July 12th 2011 - 15:37 UTC

  Argentina continues to block sale of Paraguayan power to Uruguay

  

  The sale of power from landlocked Paraguay to Uruguay continues to be delayed because Argentina has come up with more demands before it allows transmission through its grid, according to Paraguayan officials.

• Saturday, July 9th 2011 - 06:43 UTC

  Volcanic ash again cancels hundreds of flights in the Southern Cone

  

  Clouds of ash spewing from Chile's Puyehue volcano again grounded flights at airports in Uruguay and Argentina, where a major football tournament is being held. Scores of local and international flights were delayed or cancelled in and out of Buenos Aires, regional airport authority Aeropuertos Argentina 2000 said on its website on Friday.

• Thursday, July 7th 2011 - 18:24 UTC

  Former banker praises Uruguay’s handling of “Argentine debacle” in 2001/2002

  

  European policymakers grappling with problems in Greece, Portugal, Ireland and Spain should follow the path set by the Uruguayan government a decade ago, dealmaker William Rhodes told CNBC on Thursday.

• Thursday, July 7th 2011 - 17:00 UTC

  Uruguay praised by WHO as pioneer in combating the global tobacco epidemic

  

  The World Health Organization, WHO praised Uruguay and Canada as pioneers on legislation demanding large graphic health warnings on package of tobacco, on the release of its third periodic report on the global tobacco epidemic.

• Tuesday, July 5th 2011 - 15:44 UTC

  Uruguay and Brazil move closer to a partnership in wind power projects

  

  Uruguay’s state owned power company UTE moved closer to linking with Brazil’s Eletrobras for wind projects after its board gave the go-ahead to explore a partnership.

• Tuesday, July 5th 2011 - 05:57 UTC

  Uruguay re-opens human rights violations from the 1973/1985 military regime

  

  Uruguay’s government announced June 27 that it will reopen more than 80 human rights violations allegedly committed during the 1973-85 military dictatorship. The decision follows a long legislative battle but nevertheless remains highly controversial since the latest opinion polls indicate a majority of Uruguayans, 55%, want an end to the discussion.

• Tuesday, July 5th 2011 - 03:23 UTC

  June’s index shows result of Uruguay’s battle with inflation remains uncertain

  

  Uruguay consumer prices increased 0.35% in June, completing 8.61% in the last twelve months, which remains above the Central bank target of 4% to 6%, and the latest estimate of 7.8% presented last week by the Executive in its additional budget report to Congress.

• Tuesday, July 5th 2011 - 00:20 UTC

  Paraguay and Uruguay claim Argentina is obstructing regional power agreement

  

  Argentina is delaying the sale of Paraguayan power to the Uruguayan market (which must cross Argentine territory) for reasons ‘as least publicly’ unknown for both sides interested in the deal, according to the Uruguayan and Paraguayan press.

• Monday, July 4th 2011 - 05:28 UTC

  Uruguay confirms second round of offshore oil exploration for next September

  

  Uruguay confirmed a second round of offshore lease bidding for hydrocarbons exploration next September. The country’s state run oil refining company ANCAP plans to offer 15 areas with sizes ranging from 2,300 sq km to 12,000 sq km, said sources from the Ministry of Industry, Energy and Mining.

• Monday, July 4th 2011 - 05:20 UTC

  Canadian bank concludes purchase of Uruguay’s fourth largest private bank

  

  Canada’s Scotiabank announced it has closed the transaction to purchase Nuevo Banco Comercial S.A. (NBC), Uruguay's fourth largest private bank in terms of loans and deposits. The acquisition was announced on December 6, 2010. Terms of the agreement were not disclosed.