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Business Chile

  • The U.S. withdrawal from the TPP will devastate American agriculture, a former U.S. Trade Representative said.

  • SANTIAGO, Jan 19- Chilean copper miner Antofagasta said on Thursday it would sell its 40 percent stake in the Alto Maipo hydroelectric power project to partner AES Gener, exiting the project entirely. London- listed Antofagasta, controlled by Chile's wealthy Luksic family, signed up to Alto Maipo in 2013, seeking to secure power for its Los Pelambres mine.

  • SANTIAGO, Jan 19- Middle Eastern private equity investor Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj has made a number of investments in other countries...

  • BRASILIA, Jan 18- Mexico's economy is set to grow at the slowest pace in four years in 2017, a Reuters poll showed on Wednesday, after the election of Donald Trump to the White House upended relations with its biggest trade partner and foreign investor. Forecasts for economic growth elsewhere in Latin America were also revised down for most countries, the poll...

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • SANTIAGO, Jan 13- The chairman of Codelco, Chile's state-run copper miner, is unhurt after receiving a package at his home on Friday that exploded, the company said in a statement. Oscar Landerretche "is in a good state of health," said Codelco, the world's largest copper miner. Local media reported that his wife had been injured and admitted to hospital in Santiago.

  • SANTIAGO, Jan 13- The chairman of Codelco, Chile's state-run copper miner, is unhurt after receiving a package at his home on Friday that exploded, the company said in a statement. Oscar Landerretche "is in a good state of health," said Codelco, the world's largest copper miner. Local media reported that his wife had been injured and admitted to hospital in Santiago.

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, Jan 6- Latin American currencies are set for another choppy year in 2017, a Reuters poll showed on Friday, with strategists still scrambling to gauge the impact of Donald Trump's presidency in the United States. Trump, who takes office on Jan. 20, has pledged to erect a border wall with Mexico...

  • SANTIAGO, Dec 15- Chilean holding company Oro Blanco said on Thursday it had decided not to go ahead with the sale of an indirect stake in lithium and fertilizer. firm SQM after no suitable offers. The terms and conditions of the offers received "did not contribute to the interests of the company or its shareholders, while one of the conditions would have been...

  • That threat, combined with various other pledges by Trump to battle Mexico over trade, investment, and jobs have pushed a growing number of companies operating in Mexico to put expansion plans on hold until Trump fleshes out his policies. "We have estimated that if NAFTA were eliminated in its totality- taking into account second-order effects- the GDP fall could...

  • PARIS, Dec 14- The European Central Bank's monetary policy is providing a "yardstick of predictability" as European countries go through a new cycle of elections next year, ECB policymaker Francois Villeroy de Galhau told the Wall Street Journal. "For next year we have an electoral cycle throughout Europe, so we say clearly: in this uncertain environment, economic...

  • SANTIAGO- Central Bank of Chile announces interest rate decision. TBILISI- National Bank of Georgia holds monetary policy committee meeting. JAKARTA- Indonesia Central Bank holds board of governors meeting.

  • LIMA, Dec 9- An indigenous federation opposed to a recently approved plan for oil drilling in the Peruvian Amazon said on Friday that native communities will physically block any attempt by oil companies to operate on their lands. Last week the Peruvian government gave the green light for Santiago- based GeoPark Ltd to produce oil in Block 64 with state-owned...

  • SANTIAGO, Cuba, Dec 4- Fidel Castro's ashes were laid to rest on Sunday, capping nine days of official mourning when hundreds of thousands of Cubans said farewell with a combination of tears, Castro-like defiance and choruses of "I am Fidel!" Castro gave Cuba an outsized influence in world affairs. Forced to step down due to an intestinal ailment, Castro ceded power to...

  • SANTIAGO, Cuba, Dec 4- Fidel Castro's ashes were laid to rest on Sunday, capping nine days of official mourning when hundreds of thousands of Cubans said farewell with a combination of tears, Castro-like defiance and choruses of "I am Fidel!" He gave Cuba an outsized influence in world affairs, but leaves a mixed legacy. Forced to step down due to an intestinal ailment,...

  • SANTIAGO, Cuba, Dec 4- The family of Fidel Castro began a ceremony on Sunday to inter the revolutionary leader's ashes in the eastern city of Santiago, state media reported, while 600 miles away in the capital of Havana a 21- gun salute echoed through the city. At that moment in Havana, military cannons unleashed a 21- gun salute heard across the capital.

  • SANTIAGO, Nov 29- The Basel Committee, which sets the standard for global banking regulation, made "great progress" in meetings on Monday and Tuesday in Chile, said William Coen, the committee's secretary general. The financial watchdogs are gathered to try to finalize global rules on bank capital, the so-called Basel III. "We've made really great progress these...

  • LONDON, Nov 28- Regulators should complete work on their new bank capital rules without diluting them, otherwise it would be harder to draw a line under the financial crisis, a global central banking official said on Monday. Regulators will seek to complete Basel III at a meeting of the 28- country Basel Committee, which sets the standard for global regulation, on...

  • HAVANA, Nov 26- Fidel Castro, the Cuban revolutionary who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday. Wearing a green military uniform, a somber Raul, 85, appeared on state television on Friday night to announce Fidel's death, 60 years to the day since the two brothers and dozens of...

  • HAVANA, Nov 26- Fidel Castro, the Cuban revolutionary who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday. Wearing a green military uniform, a somber Raul, 85, appeared on state television on Friday night to announce Fidel's death, 60 years to the day since the two brothers and dozens of...