Uruguay

• Sunday, July 17th 2011 - 01:12 UTC

  Uruguay: “The spoiler beat the favourite”

  

  Uruguay broke Argentina's hearts, beating the hosts 5-4 on penalties to book a Copa America semi-final with Peru after Carlos Tevez missed the crucial spotkick.

• Saturday, July 16th 2011 - 17:16 UTC

  World’s oldest and fiercest derby in South American football history

  

  The Argentine province of Santa Fe will be the coliseum for South America’s oldest and fiercest derby when the locals meet Uruguay in the quarter finals of the Americas Cup. Both teams arrive with an unsatisfactory record in the current competition and are expected to make the most to ensure they reach the finals.

• Thursday, July 14th 2011 - 22:01 UTC

  Fitch upgrades Uruguay ratings on improved external and fiscal solvency ratios

  

  Uruguay had its foreign currency issuer default rating raised to BB+ from BB by Fitch Ratings, which cited improved external and fiscal solvency ratios. The rating outlook was revised to stable from positive.

• Thursday, July 14th 2011 - 18:27 UTC

  Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

  

  Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

• 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.