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Business Chile

  • *Qatar Airways interested in buying 10 pct of American Airlines. *Qatar Airways says will first buy 4.75 pct. The move by Qatar Airways would expand its investments in North America as Qatar is embroiled in the region's worst diplomatic crisis in years and is locked in an airspace rights row with three other Gulf states.

  • *Qatar Airways interested to buy 10 pct of American Airlines. *Qatar Airways says it will first buy 4.75 pct. The move by Qatar Airways to buy a stake in American would expand the Gulf carrier's investments into North America against a turbulent diplomatic and global competitive backdrop.

  • *Qatar Airways interested to buy 10 pct of American Airlines. *Qatar Airways says it will first buy 4.75 pct. Operations at Qatar Airways were disrupted after four Arab nations cut diplomatic and economic ties with Qatar this month in the worst diplomatic crisis in the region in years.

  • June 22- American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying as much as a 10 percent stake worth at least $808 million in the U.S. airline. Operations at Qatar Airways were disrupted after four Arab nations cut diplomatic and economic ties with Qatar this month in the worst...

  • SANTIAGO, June 12- Two miners are missing after a small silver and gold mine owned by Mandalay Resources was flooded, the government said on Monday, adding that authorities are working with technical experts to see if the men have survived and can be rescued. The workers were trapped after section two of the Delia mine, part of Mandalay's Cerro Bayo complex in...

  • SANTIAGO, June 6- Chile is looking at expanding its undersea fiber optic network across the Pacific Ocean to China and south to Patagonia, a project that has attracted interest from international companies including Amazon, the government said on Tuesday. Chile, one of Latin America's most developed countries, is relatively well connected in telecoms terms,...

  • SANTIAGO, May 31- Ten consortiums including companies from China and Europe formally expressed interest on Wednesday in building a landmark $1.5 billion tunnel under the Andes mountains to connect Argentina and Chile. Chinese companies Power China and the Chinese Communications Construction Company, Spain's OHL and FCC, and Italy's Astaldi and Salini...

  • ANTOFAGASTA, Chile, May 31- Immigrants from around South America hoping to seek their fortunes in the continent's copper mining capital of Antofagasta, Chile, are instead finding poverty, exclusion and a precarious home in the city's growing temporary slums. Chile, one of Latin America's most developed countries, has become a magnet in recent years for...

  • SANTIAGO, May 31- Swiss-based food company Nestle SA is creating thousands of jobs and investing in new factories in Latin America as it looks to tackle social issues and shore up its position in one of its strongest markets, the regional head said on Tuesday. The maker of Kit Kat chocolate bars and Nespresso coffee is working with government officials in the four...

  • SANTIAGO, May 30- The Chilean government has received five offers for a major highway concession in capital Santiago, the ministry of public works said on Tuesday, as the South American country seeks to revamp its infrastructure network. The highway, known as Americo Vespucio Oriente Tramo Principe de Gales-Los Presidentes, will cut underneath a large portion...

  • SANTIAGO, May 25- Italian infrastructure company Astaldi is looking to expand into Argentina, the company's chairman said on Thursday, as it vies for contracts in a massive government infrastructure push. "We are very much interested in Argentina," said Astaldi. Astaldi added that the company was interested in ambitious proposals to connect Argentina and Chile...

  • A cargo ship makes its way through the Miraflores locks as it crosses the Panama Canal on April 7, 2016 in Panama City, Panama.

    Pacific Alliance countries are in talks to expand the trade bloc outside Latin America and into high-growth Asia amid uncertainty over TPP.

  • Like free-trade superheroes, Japan and New Zealand are spearheading efforts to make the Trans-Pacific Partnership a reality without the U.S.

  • Containers at Busan Port in Busan, South Korea.

    In a pushback against Trump’s protectionist rhetoric, 11 nations in the TPP have agreed on Sunday to proceed without the U.S.

  • SANTIAGO, May 18- Chile's central bank cut the benchmark interest rate to 2.50 percent on Thursday, a more rapid rate of loosening than the market had expected, and altered its bias to indicate its easing cycle was over. The move means the bank has cut the interest rate 100 basis points in total so far this year, as it looks to address sluggish growth in the top copper...

  • SANTIAGO, May 17- Chile's Concha y Toro, one of the world's biggest wine makers, said on Wednesday its profit fell more than 20 percent in the first quarter, hit by a poor harvest and a slide in sterling after the UK's Brexit vote. Britain is a key export market for the producer of such brands as Casillero del Diablo, Don Melchor and U.S. affiliate Fetzer-Bonterra.

  • SANTIAGO, May 10- LATAM Airlines will increase seats on flights between Chile and North America and Europe, and add a new route to North America, it said on Wednesday, as it seeks to win regulatory approval for a deal with IAG's British Airways and Iberia and American Airlines Group. Brazil, Uruguay and Colombia have already approved the deal, with some restrictions...

  • SANTIAGO, May 10- Pharmacies in Chile's capital Santiago will start selling cannabis-based medicines this week, the first time such treatments have been offered by drug stores in Latin America, the companies behind the launch said on Wednesday. Chile legalized the use of medical marijuana in 2015 and is among a number of Latin American countries gradually...

  • LIMA, May 9- Viva Air became the first low-cost airline to enter Peru's domestic market on Tuesday, posing a challenge to Santiago- based LATAM Airlines, which has long dominated the market. Viva- a unit of Irelandia Aviation, which is led by Ryanair founder Declan Ryan- will operate 11 domestic routes with a fleet of two Airbus A320 aircraft. "I know others aren't happy,...

  • A cargo ship sits docked at the Port of Seattle in Seattle, Washington.

    Reports of the demise of the TPP trade agreement may be premature, as the deal’s members consider proceeding without the U.S.