Business News Chile

  • With the U.S. dollar broadly strengthening after the release of the Fed's policy statement, the Brazilian real led losses among the regional currencies with a 0.7% decline ahead of a rate decision from Brazil's central bank. Emerging market assets have benefited this year as major central banks moved to ease monetary policy in the wake of a bruising trade war...

  • Sept 18- Latin American markets were on the back foot on Wednesday led by losses in Brazilian assets with investor attention focused on monetary policy decisions in the United States and Brazil. MSCI's index of Latin American stocks fell 0.3% on the back of losses in index heavyweights Brazil and Mexico, while currencies in the region were mostly lower.

  • SINGAPORE, Sept 18- London copper prices ticked up on Wednesday, while other industrial metals traded in tight ranges, as investors awaited clues on the U.S. Three-month copper on the London Metal Exchange was up 0.2% at $5,834 a tonne, as of 0345 GMT, while the most-traded copper contract on the Shanghai Futures Exchange eased 0.1% to 47,340 yuan a tonne.

  • SANTIAGO, Sept 17- Chile is making a renewed push for battery technology investment in return for access to its lithium deposits, piquing interest from China, Japan and Europe as global firms look to tie up supply of the metal vital for the shift to electric vehicles. These have attracted dozens of firms in China, Japanese battery makers like Toshiba Corp and...

  • *Colombia's peso outperforms its regional peers. But prices came off their peaks after President Donald Trump authorized the use of the U.S. emergency stockpile to ensure stable supply but inflamed geopolitical tensions after he said the United States was "locked and loaded" for a potential response to the strikes. "The jump in oil prices in this case is not...

  • Brazil appears to be turning a corner after its $1.8 trillion economy went into reverse earlier this year, despite the mounting global strains caused by U.S. That is because the channels of contagion for Brazil's economy- economist-speak for its weak spots- are not through trade, which accounts for a small share of economic activity. Yet the contagion could soon...

  • SANTIAGO, Sept 11- Shares in Chilean lithium producer SQM jumped on Wednesday after it announced plans to invest about $2.1 billion in the next five years to strengthen its production amid an expected increase in demand for the ultralight battery metal. About $1.332 billion of this investment would be in lithium operations, with further amounts going towards...

  • LONDON, Sept 11- Chile's central bank expects the country's peso currency to be added to the heavyweight global CLS foreign exchange settlement system by 2021, its governor Mario Marcel said on Wednesday. Last month $1.75 trillion was settled daily on its platform on average, about a third of the $5.1 trillion traded every day on the global forex market.

  • LONDON, Sept 11- Chile could be heading for its third interest rate cut within six months, the country's central bank governor said on Wednesday, but stressed extreme measures like negative interest rates or quantitative easing were still a long way off. As the world's largest copper producer, Chile has been caught in the middle of the U.S.- China trade war, while...

  • SANTIAGO, Sept 11- Chilean lithium producer SQM expects to invest about $2.1 billion in the next five years to strengthen its production amid an expected increase in demand for the ultralight battery metal, the company told investors in New York on Tuesday. Ramos said he expected lithium sales volume to reach 173,000 tonnes by 2025 through operations in Chile...

  • Central bank chief Roberto Campos Neto previously had flagged more room for monetary easing if inflation remained tepid. Finance Minister Arturo Herrera said state-oil firm Pemex is exploring opening a bidding process for public-private contracts in order to ensure the debt-laden firm has enough money to invest and manage its debt profile.

  • Brazil's real eased from two-week highs hit last week to drop 0.9%, while currencies of Mexico, Chile and Colombia fell between 0.2% and 0.5%. Markets in the resource-rich Latin American economies had taken a beating in August as the United States and China escalated their trade dispute with additional tariffs on each other's goods, with growth dwindling in...

  • The speaker was Jeremy Corbyn, then a backbench Member of Parliament on the hard left of the Labour Party. In a backbench career spanning more than three decades, Corbyn voted against his own Labour Party over 400 times. He became Labour Party leader in 2015..

  • bets@ Sept 6- An index of Latin American currencies rose on Friday, on track to record its first weekly gain in seven weeks, as China's move to boost lending boosted their appeal to investors, as did slower U.S. job growth. Signs of resumption in U.S.- China trade talks and easing political tensions in Asia and Europe this week prompted investors to buy back into...

  • SANTIAGO, Sept 5- Chile's President Sebastian Pinera on Thursday announced the creation of a working group of government agencies, academics and industry players to tackle the worst drought in 60 years which has spiked this year amid record lows of rainfall. "The water shortages and drought... has become more extensive and more intense, and that is reflected in...

  • BOGOTA, Sept 5- Colombian regulators on Thursday ordered popular delivery app Rappi to comply with electronic commerce laws, saying the company is offering services that go beyond basic contact between clients and suppliers. The Superintendency of Industry and Commerce also said it was opening an investigation of the app- which specializes in on-demand...

  • BUENOS AIRES, Sept 5- Argentina is on track to record an energy trade surplus for the first time in a decade in 2020, Energy Secretary Gustavo Lopetegui said on Thursday, as the South American country ramps up production from its Vaca Muerta shale play. Peronist opposition frontrunner Alberto Fernandez, speaking in Madrid on Thursday, said the country's energy...

  • SINGAPORE, Sept 5- Shanghai copper jumped to a more than one-month high, while London copper hit its highest in over two weeks on Thursday after China and the United States agreed to hold trade talks. The most-traded copper contract on the Shanghai Futures Exchange rose as much as 2.4% to 47,280 yuan a tonne, its highest since July 30. U.S.- China trade talks in the...

  • SINGAPORE, Sept 5- Shanghai copper rallied to over a one-month high, while London copper jumped to its highest in more than two weeks on Thursday after China and the United States agreed to hold trade talks next month. The most-traded copper contract on the Shanghai Futures Exchange rose as much as 2.1% to 47,150 yuan a tonne, its highest since July 30.

  • BRASILIA, Sept 4- Brazil's Senate constitutional affairs committee on Wednesday approved by a vote of 18-7 a bill that would overhaul the social security system and save the federal government about 1 trillion reais over the next decade. The vote adds to signs that President Jair Bolsonaro's chief economic reform will see easy passage in the full Senate...