Business News Chile

  • SANTIAGO, July 23- Global trade expanded by just 0.5% in the first quarter of 2019 year-on-year, marking its slowest pace of growth since 2012, International Monetary Fund chief economist Gita Gopinath told reporters in Santiago, Chile on Tuesday. The IMF on Tuesday lowered its forecast for global growth this year and next, warning that more U.S.- China tariffs,...

  • The South China Morning Post reported trade negotiators from the United States may visit China next week for their first in-person talks with Beijing officials since the G20 meeting at the end of June when U.S. Oil prices, which rose on concerns that Iran's seizure of a British tanker in the Strait of Hormuz last week may lead to supply disruptions, helped...

  • Three-month nickel on the London Metal Exchange fell 1.2% to $14,555 a tonne, while the most-traded nickel contract on the Shanghai Futures Exchange dropped 2.3% to 114,920 yuan a tonne. *CHINA: China will further ease its economic policy to deal with a prolonged and costly trade war with the United States, but it would save more aggressive measures as last...

  • July 19- A U.S. dollar recovery put most Latin American currencies under pressure on Friday while Brazil's Bovespa stock index led losses in the region's equity markets. Emerging markets have enjoyed a strong run-up this year as expectations of monetary policy easing from central banks to counter the impact of U.S.- China trade war on economic growth,...

  • July 19- Latin American shares were subdued on Friday as losses in Brazil's Bovespa eclipsed gains made by other indices, while currencies in the region were mostly lower against a firm dollar. Heavyweight Sao Paulo- traded stocks led losses, down 0.6% with financials weighing on the benchmark as optimism stoked by Brazil's pension reform vote faded.

  • TUNDAYME, Ecuador, July 18- Copper output began at the Chinese-owned Mirador mining project in southern Ecuador on Thursday, a milestone in market-friendly President Lenin Moreno's effort to boost the mining sector and wean the OPEC nation's economy off its dependence on oil. "For the first time, with the Mirador project, Ecuador will produce copper and become...

  • July 18- Latin America stocks edged higher on Thursday, bucking the global equities gloom, while a tepid dollar and higher oil prices lifted currencies of crude exporters in the region. The announcement came days after the lower house of Congress approved the first round of voting for a landmark pension reform bill, seen as a critical step to restoring health to...

  • *China's imports of concentrates: https://tmsnrt.rs/32yjvVL. China's copper smelters have just slashed their minimum charges for converting concentrates into refined metal. That's down from $73 and 7.3 cents in the second quarter and from $92 and 9.2 cents in the first quarter.

  • Three industry sources told Reuters on Tuesday that the United States and Japan were working on a small trade deal involving agriculture and autos that could be agreed by President Donald Trump and Prime Minister Shinzo Abe when they meet in New York in September. Asked about progress in the bilateral trade talks, Koji Tomita, Japan's sherpa to the Group of 20...

  • SANTA FE, Argentina, July 17- Leaders from countries in South America's Mercosur trade bloc met on Wednesday in Argentina, with plans as to how to push forward a recently struck free-trade deal with the European Union at the center of discussions. The presidents of Argentina, Brazil, Paraguay and Uruguay appeared together in the city of Santa Fe, in Argentina's...

  • President Donald Trump threatened to impose further tariffs on China, a move which could dent demand for metals. Trump questioned China's failure to make good on what he saw as its promise to buy more U.S. agricultural goods, and said Washington could impose tariffs on an additional $325 billion worth of Chinese goods if it needed to do so. CHINA PREMIUMS: Yangshan...

  • WASHINGTON, July 16- The United States and Japan are working on a quid pro quo deal involving agriculture and autos that could be agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe when they meet in New York in September, three industry sources familiar with the discussions said on Tuesday. An auto industry official said the deal could...

  • SANTIAGO, July 16- Walmart Chile said its store locations would resume normal operations on Tuesday after it reached an agreement with a union of 17,000 workers who walked off the job last week, ending a six-day strike over wages and automated jobs. The strike affected about a third of the approximately 400 stores that Walmart Inc operates in Chile.

  • July 16- Latin American currencies were lower on Tuesday against a strong dollar, with Mexico's peso leading losses as investors tried to assess a new plan unveiled by the government for debt-laden oil firm Pemex, while equities in the region moved higher. Other currencies in the region, including Chile's and Colombia's peso, slid as the dollar gained on the back...

  • DUBAI, July 16- Emirates is to start flights to Mexico with a stopover in Spain, a so-called fifth freedom flight that could anger critics and rival airlines in the United States and Europe. The Dubai state-owned carrier said on Tuesday it would start daily flights to Mexico City International Airport via Barcelona on Dec. 9, the airline's first service to Mexico.

  • July 15- Latin American markets had a tepid start on Monday with Brazilian assets subdued as economic worries eclipsed optimism from pensions reform hopes, while currencies in the region were mixed with Argentina's peso dropping on a Moody's outlook cut. Economists cut their 2020 growth forecasts for Latin America's largest economy to a new low, despite...

  • SANTIAGO, July 15- Walmart Chile said on Monday it would resume talks with a union of 17,000 workers who walked off the job last week amid a major push by the global retail giant to automate jobs and slash costs. The walkout has closed at least one fourth of the approximately 400 stores that Walmart Inc operates in Chile. Lider's Inter-Company Union could not...

  • LONDON, July 15- Falling interest rates have fueled a fresh borrowing bonanza in the first quarter of 2019 with emerging market debt soaring to record highs and the global debt stock bulging by $3 trillion, an Institute of International Finance report showed. Debt-to-GDP ratios had risen at the fastest pace in Chile, Korea, Brazil, South Africa, Pakistan and China...

  • ISLAMABAD, July 14- Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government to pay $5.8 billion in damages in a dispute over the Reko Diq copper mine. The statement from the attorney general's office came after a World Bank arbitration court ruled...

  • ISLAMABAD, July 14- Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government to pay $5.8 billion in damages in a dispute over the Reko Diq copper mine.