A Chilean artist and activist was done waiting for education reform. What he did next was inventive, courageous, and illegal, reports the Global Post.» Read More
SANTIAGO, Chile— Chile is enacting measures that raise taxes on large businesses to help finance improvements in education, health and other services. President Michelle Bachelet says the law that goes into effect on Oct. 1 will help reduce inequality in the South American nation.
Sept 24- For other related diaries, please. NEW YORK- India Investment Forum. Indian Finance Minister Arun Jaitley and Finance Secretary Arvind Mayaram to attend.
CARACAS, Sept 10- President Nicolas Maduro is mulling a politically risky move to raise highly subsidized gasoline prices in Venezuela for the first time in 17 years, but may be put off for now by fears of a social backlash. With 95 octane gas on sale for less than two U.S. cents a liter most motorists can fill up for under $1- less than a small bottle of drinking water.
SANTIAGO, Sept 5- Chilean diversified retailer Cencosud posted a healthy increase in sales during the second quarter despite decelerating economic growth in some of its main markets. The result was partially offset by lower revenues in Argentina due to the devaluation of the local currency, Cencosud said on Friday.
SANTIAGO, Sept 5- Chile's economy grew in July at its slowest pace in more than four years but above market forecasts, its central bank reported on Friday, raising the possibility that a slowdown may be close to touching bottom.
SANTIAGO, Sept 1- Leading South American retailer Falabella is revising spending plans, reducing inventories and looking to tweak supplier sources as it faces an economic slowdown in key markets, Chief Executive Officer Sandro Solari told Reuters.
BERLIN/ PARIS, Aug 25- The euro zone's flat-lining economy took another hit on Monday when data showed German business sentiment sagging for the fourth month running, while a row over the lack of growth led the French government to resign.
Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.
SANTIAGO, Aug 14- Chile's central bank cut its benchmark interest rate 25 basis points to 3.50 percent on Thursday despite stubbornly high inflation and left the door open for additional reductions as it looks to boost a quickly stagnating economy. The bank is in an easing cycle and has already reduced the rate from 5.0 percent since last October.
Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South American nation is already working to increase its exports of corn and soybeans sales to Russian buyers, Brazil's secretary of agricultural policy, Seneri Paludo, said on Thursday.
SANTIAGO, Aug 4- Argentina's economy probably will contract in 2014, the head of the United Nation's body for Latin American and the Caribbean said on Monday, as fallout from a new sovereign debt crisis would keep the region's third-biggest economy out of foreign debt markets.
SANTIAGO, July 31- Nicknamed' scissorhands' for his agile management of difficult projects, Chilean industry veteran Nelson Pizarro is seen by Codelco's board as the ideal man to lead the world's top copper miner through a tricky yet pivotal phase.
RIO DE JANEIRO/ BRASILIA, July 31- Argentina's debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.
HAVANA, July 23- Chinese President Xi Jinping ended an eight-day trip through Latin America on Wednesday with a visit to eastern Cuba, where both the island's independence struggle against Spain and Fidel Castro's revolution began.
SANTIAGO, June 24- President Michelle Bachelet on Tuesday announced a plan to buy and return disputed ancestral lands to Chile's indigenous communities as part of a strategy to better incorporate them into the country's political process and economic development.
June 19- For other related diaries, please. BEIRUT- Arab Economic Forum in Lebanon. SEOUL- South Korean Finance minister Hyun Oh- seok speaks at the Parliament session on recent events.
*Companies need to spend billions to expand in Chile. SANTIAGO/ LONDON, June 16- As top copper producer Chile starts to lose market share, players are betting on fledging suppliers to help feed hunger for the red metal, but no single country is likely to replicate the South American nation's boom of the last century.
*Iliad, Bouygues up on sector consolidation hopes. Iliad rose 6.3 percent, the top gainer on the FTSEurofirst index, and Bouygues advanced 5.2 percent on expectations of more consolidation among French telecom companies.
SANTIAGO/ LIMA, June 4- Maintenance workers for LATAM Airlines have threatened to delay or cancel flights throughout South America in support of a strike by Peruvian colleagues in the days ahead of the World Cup.
SANTIAGO, May 30- Chile's government published worrying data on Friday showing the economy is under continued pressure, as factory output fell much faster than expected and retail sales grew at their slowest pace in over five years.