Business News Chile

  • President Donald Trump had not yet agreed to remove any tariffs as part of a deal, and the size of China's commitment to purchase U.S. farm products was not yet clear, Commerce Secretary Wilbur Ross said on Friday in an interview on Fox Business Network. Trump in October said China's Liu had agreed to more than double China's purchases of farm goods to $40 billion to...

  • SANTIAGO, Nov 15- Chile's stock exchange posted its biggest daily gain in 11 years after lawmakers agreed on Friday to hold a referendum on replacing the country's dictatorship-era constitution, bowing to protesters furious over inequality and social injustice. Chile's existing constitution, which dates back to General Augusto Pinochet's 1973-1990...

  • *Brazil markets shut for holiday. Nov 15- A surge in Chilean assets lifted Latin American markets on Friday after lawmakers agreed to hold a referendum to replace a dictatorship-era constitution, while optimism on the U.S.- China trade front also lifted the mood. "It is a positive step politically and should help defuse the discontent amongst the great majority...

  • WASHINGTON, Nov 14- The United States and China are getting close to a trade agreement, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive talks with Beijing about ending a 16- month trade war. The United States and China have been locked in successive waves of tit-for-tat tariffs that have roiled financial...

  • Nov 14- The Mexican peso reversed course on Thursday to trade higher after Mexico's central bank lowered borrowing costs for the third time this year, while Chile's peso hit fresh record lows despite intervention by its central bank. A divided Banxico cut interest rates by 25 basis points to 7.50%, in line with the consensus forecast of a Reuters poll of analysts...

  • SANTIAGO, Nov 14- Chile's finance minister predicted on Thursday that as many as 300,000 jobs could be lost because of the impact of four weeks of rioting on one of Latin America's strongest economies. Newly appointed Finance Minister Ignacio Briones told a legislative committee it was "highly likely" unemployment would jump 3% in the coming months, Diario...

  • NEW YORK, Nov 14- The U.S. dollar fell against the Japanese yen on Thursday morning, though it was steady against the euro, on diminished risk appetite amid ongoing political turmoil in Hong Kong and weak data from Asia and Europe. "The developments in Hong Kong that started Asia off on a negative note, the ongoing turmoil that's going on in Latin America, in particular...

  • LOS ANGELES, Nov 13- The burgeoning lithium industry, which produces the powerhouse metal used to make electric vehicle batteries, has entered its first major downturn, an unwelcome bruising for investors eager to help combat climate change. Albemarle Corp, Tianqi Lithium Corp and others have been producing more lithium than automakers need.

  • *U.S.- China trade talks hit snag over farm purchases- WSJ. Nov 13- Latin American currencies slipped for the eighth straight session on Wednesday as lack of clarity on the U.S.- China trade deal sapped risk appetite, while Chile's peso remained at all-time lows as anti-government protests showed no signs of subsiding. Brazil's real and Colombia's peso were...

  • BOGOTA, Nov 13- Popular on-demand delivery app Rappi faces a new probe in Colombia after allegedly failing to comply with regulatory orders to improve its response to customer complaints, the country's commerce watchdog said on Wednesday. It is majority-owned by SoftBank, which injected $1 billion into the company earlier this year. "Not having a complaints...

  • LONDON, Nov 13- The price of copper and other base metals slipped on Wednesday after U.S. President Donald Trump threatened more tariffs on China, disappointing investors keen for a trade deal. "It raised the level of uncertainty again, coming at a time when the market's been in risk-on, happy-days mode for the past month," said Ole Hansen, head of commodity strategy at...

  • LONDON, Nov 13- The price of copper and other base metals slipped on Wednesday after U.S. "It raised the level of uncertainty again, coming at a time when the market's been in risk-on, happy-days mode for the past month," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Three-month copper on the London Metal Exchange shed 0.3% to $5,850 a tonne in...

  • LONDON, Nov 13- The price of copper and other base metals slipped on Wednesday after U.S. "It raised the level of uncertainty again, coming at a time when the market's been in risk-on, happy-days mode for the past month," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Three-month copper on the London Metal Exchange had shed 0.6% to $5,836.50 a...

  • Thousands of people attend a demonstration to request the resignation of Chilean President Sebastian Pinera in the area surrounding Plaza Italia in Santiago, Chile on October 25, 2019.

    Chile's finance minister warned of the "grave consequences" for the nation's economy of three weeks of often violent unrest, after the peso slid 4% to hit a historic low against the dollar.

  • SINGAPORE, Nov 13- Copper prices in London were on track to fall for a fourth straight session on Wednesday, while Shanghai prices slid to a near two-week low after U.S. The most traded copper contract on the Shanghai Futures Exchange declined as much as 0.5% to 46,970 yuan a tonne, its lowest since Nov. 1, before closing 0.4% lower. The social unrest in Chile and the...

  • President Donald Trump offered no new details on trade negotiations with China. Trump on Tuesday dangled the prospect of completing an initial trade deal with China "soon," but disappointed the markets as he offered no major policy announcements or details on a venue and date for signing a trade deal with China. *SHANGHAI PRICES: Shanghai aluminum fell 0.4% to...

  • MEXICO CITY/ WASHINGTON, Nov 12- Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyberattack that fouled up the company's systems. The hack, which Pemex said it detected on Sunday, forced the company to shut down computers across...

  • *Morales flies to Mexico to accept asylum offer. LA PAZ/MEXICO CITY, Nov 12- The head of Bolivia's Senate, Jeanine Anez, took office as interim president on Tuesday as former leader Evo Morales pledged to keep up his political "fight" from exile in Mexico after resigning in what he has alleged was a coup. Anez, 52, assumed leadership before other lawmakers in Congress,...

  • SAO PAULO, Nov 12- Chile's LATAM Airlines posted an $86 million profit in the third quarter, more than double the $35 million profit a year earlier, according to a securities filing.

  • *Morales flies to Mexico to accept asylum offer. LA PAZ/MEXICO CITY, Nov 12- Bolivia's former leader Evo Morales landed in Mexico on Tuesday pledging to keep up his political "fight", as security forces back home quelled unrest over the leftist's resignation and the country sought an interim replacement to fill a power vacuum. Morales thanked Mexico for "saving his...