Uruguay

• Monday, August 1st 2011 - 07:02 UTC

  Uruguayan Peso over-valued 17.4% against the dollar according to Big Mac’s PPP

  

  The Uruguayan Peso is 17.4% over-valued against the US dollar according to the Big Mac index from The Economist which means the greenback should be trading in Montevideo money markets at 21.62 Pesos and not 18.25 Pesos as currently happens.

• Wednesday, July 27th 2011 - 04:16 UTC

  ECLAC honours Uruguayan economist and banker Enrique Iglesias

  

  The United Nations Economic Commission for Latin America and the Caribbean, ECLAC, held a ceremony in its Santiago de Chile headquarters to honour Enrique Iglesias, the Uruguayan economist who was executive secretary of the commission from 1972 to 1985 and is currently, Secretary-General of the Ibero-American Secretariat.

• Tuesday, July 26th 2011 - 08:25 UTC

  S&P upgrades Uruguay’s rating to BB+, just one notch below investment grade

  

  The credit rating agency Standard & Poor’s upgraded on Monday Uruguay’s rating by one notch to BB-plus, only one notch below investment grade, praising years of “prudent and consistent” economic policies in the country.

• Monday, July 25th 2011 - 12:06 UTC

  Argentina/Uruguay agree TACs for sharks and rays in common fishing zone

  

  Argentina and Uruguay have agreed on total allowable catches (TAC) of 4,000 tons and 9,000 tons for smooth-hound shark (Mustelus spp.) and ray (Rajidae) in the Common Fishing Zone (CFZ), which is shared by the neighbouring countries.

• Monday, July 25th 2011 - 06:05 UTC

  Uruguay celebrates well into early Monday its record winning 15th Copa America

  

  In Buenos Aires Monumental stadium the match was 2-0 with a few minutes left and Uruguay ready for a Sunday record crowning 15th Copa America when Diego Forlan scored for the second time.

• Friday, July 22nd 2011 - 06:12 UTC

  Uruguay-Argentina agree 60-day hake ban on CFZ fearing ‘bio-hazard’ status

  

  The Joint Technical Commission for Maritime Front (CTMFM) ordered a 60-day winter ban on hake (Merluccius hubbsi) in the Argentina-Uruguay Common Fishing Zone (CFZ), effective August 1 until September 30.

• Thursday, July 21st 2011 - 10:16 UTC

  Uruguay economy expands 6.8% in the first quarter and domestic demand, 8.3%

  

  Following on an 8.5% growth rate in 2010, Uruguay’s real GDP continued to expand 6.8% in the first quarter of this year compared with the same period of 2010, according to the Central bank Debt Management Unit.

• Wednesday, July 20th 2011 - 11:09 UTC

  Fossils discovered in Uruguay could derail America’s population-origin theory

  

  Recent excavations in Uruguay to uncover and begin researching fossilized remains estimated to date back 29,000 years could shoot down the theory that the populating of the Americas came via the Bering Strait some 12,000 years ago, Uruguayan scientists said.

• Wednesday, July 20th 2011 - 06:28 UTC

  Uruguay readies for its 15th Copa de America next Sunday in Buenos Aires

  

  Liverpool striker Luis Suarez scored twice as Uruguay beat Peru 2-0 to reach the Copa America final, where it will try for a record 15th South American soccer championship.

• Monday, July 18th 2011 - 08:35 UTC

  Uruguay’s former president turned dictator Bordaberry (83) dies under home arrest

  

  Juan Maria Bordaberry, the elected president who turned dictator in 1973 by supporting a military coup and opening the way for twelve years of military rule, died Sunday while under house arrest.