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Business Chile

  • 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.

  • HAVANA, April 26- The Cuban sugar industry has entered the final few weeks of the milling season with output at 1.8 million tonnes of raw sugar, according to provincial media reports, around 20 percent above last years production but less than expected. AZCUBA, the state-run sugar monopoly, said when milling began that it hoped to increase output 30 percent over...

  • SANTIAGO, April 24- The economies of the Latin America and the Caribbean will grow an overall 1.1 percent in 2017, the United Nations' regional arm said on Monday, a slight downward revision from its previous estimate. In its forecast in December, the Santiago- based Economic Commission for Latin America and the Caribbean had predicted growth of 1.3 percent in the...

  • Those findings come as the semi-annual gathering of finance officials from the International Monetary Fund, the World Bank and the Group of 20 major economies kicks off in Washington, where the case against protectionist trade policies is expected to be a major theme. "For the first time in five years, all the major economies seem to be growing in sync," noted Ajay...

  • SANTIAGO, April 13- The chairman of the board of directors of LATAM Airlines, Mauricio Amaro, wrote in a letter to investors that he may step down, saying that it was time for "renewal." LATAM, formed via a tie-up between Brazil's TAM and Chile's LAN in 2012, is the biggest Latin America- based airline. The airline, which is based in the Chilean capital Santiago, has units in...

  • SANTIAGO, April 7- Peru, fresh off a sharp rise in copper output, is upstaging top producer Chile as a prime place to hunt for new supplies as the historic rivals race to usher in new mines. At the annual CRU World Copper Conference that the country hosted in Santiago this week, many pointed to Peru as an example for Chile to follow. Peru on the other hand is making a...

  • SANTIAGO, April 6- Chilean presidential candidate Alejandro Guillier would, if elected, aim to shift the country toward public transport networks that run on electricity, he told a gathering of journalists on Thursday. The metropolitan rail system of the capital, Santiago, for instance, is the first in the world to run primarily on solar power.

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, April 6- Major Latin American currencies appear more likely to hold their ground in coming months than they did in March, but they remain vulnerable to increased volatility coming from abroad, a Reuters poll showed on Thursday. President Donald Trump will not impose heavy tariffs on...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, April 6- Major Latin American currencies appear more likely to hold their ground in coming months than they did in March, but they remain vulnerable to increased volatility coming from abroad, a Reuters poll showed on Thursday. President Donald Trump will not impose heavy tariffs on...

  • *Miners say they are saving jobs, creating different roles. SANTIAGO/ LONDON, April 6- Mining companies chasing the kind of technological breakthroughs made long ago in the manufacture of cars and mobile phones have unveiled eye-catching innovations ranging from vast drills and remote-controlled trucks to second-by-second data analysis.

  • SANTIAGO, April 5- Poland's state-run KGHM, one of the world's biggest copper producers, will stay in Chile for the long term, and is assessing its Canadian assets, its CEO said in an interview. Our engagement in Chile is long term, "CEO Radoslaw Domagalski-Labedzki told Reuters in an interview on the sidelines of the CRU World Copper Conference in Santiago.

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "It shouldn't take very long, we're talking weeks," she said,...

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "It shouldn't take very long, we're talking weeks," she said,...

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "With the short-term arrangement, we'll start ramping...