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Business Chile

  • SANTIAGO, Aug 31- Chilean Finance Minister Rodrigo Valdes and two other major economic officials resigned on Thursday, in a blow to President Michelle Bachelet's center-left coalition just months before presidential and parliamentary elections. She said that Valdes will be replaced by Nicolas Eyzaguirre, an economist who is currently in charge of...

  • SANTIAGO, Aug 31- Chilean Finance Minister Rodrigo Valdes announced on Thursday that he was resigning, citing differences over economic policy with members of President Michelle Bachelet's center-left coalition government. "To advance sustainably toward greater growth requires discipline and the conviction of the government to open spaces so that the...

  • SANTIAGO, Aug 28- A group of armed men claiming to represent the nation's indigenous Mapuche people hijacked and burned 29 logging trucks in southern Chile on Monday morning as a years-long conflict with forestry companies heated up. "We're going to combat violence and we are not going to allow minoritarian groups, which don't value dialogue, to ruin the great...

  • SANTIAGO, Aug 25- Two of Chile's three main candidates in the November presidential election proposed broad changes for the mining sector at a forum on Friday hosted by the country's largest business organization. Among the key policy areas that investors are watching is mining, as Chile is the world's number one copper exporter but faces falling...

  • SANTIAGO, Aug 25- Chile's Cencosud SA, one of Latin America's largest retailers, plans to sell up to $1 billion in non-strategic assets in the next 12-18 months to cut debt and accelerate growth, the company said on Friday. Cencosud disclosed its plan to sell some assets in a letter to Chile's regulator. Cencosud, which also has units in Argentina, Brazil, Colombia and...

  • container ship trade

    An American business group has endorsed on Friday the ex-U.S. version of a trade deal that Trump dismissed as a “disaster.”

  • SANTIAGO, Aug 22- BHP Billiton's Escondida copper mine in Chile has recovered from a six-week strike faster than expected, with output now running at normal levels, an executive with the company said on Tuesday. The strike at Escondida, the world's largest copper mine, sent shockwaves through the market in February and March. An early return to the negotiating...

  • Vice President Mike Pence said on Wednesday he was confident a renegotiation of the NAFTA trade pact between the United States, Mexico and Canada will be a "win win win."

  • Vice President Mike Pence said on Wednesday he was confident a renegotiation of the NAFTA trade pact between the United States, Mexico and Canada will be a "win win win."

  • Vice President Mike Pence said on Wednesday he was confident a renegotiation of the NAFTA trade pact between the United States, Mexico and Canada will be a "win win win."

  • Vice President Mike Pence said on Wednesday he was confident a renegotiation of the NAFTA trade pact between the United States, Mexico and Canada will be a "win win win."

  • SANTIAGO, Aug 8- Alejandro Guillier, the Chilean center-left's best hope to succeed President Michelle Bachelet next year, said investors could be assured he would stick to the "rules of the game" if elected, but that Chileans were demanding real change. Should he be elected, his priorities would be finding ways to diversify Chile's economy away from the dominant...

  • LONDON, Aug 7- Producers of processed lithium- an essential element for batteries used in electric cars- are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. "We've established the timeline for our own expansion based on the commitments our customers are making with us," said Tom Schneberger,...

  • LONDON, Aug 7- Producers of processed lithium- an essential element for batteries used in electric cars- are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. "We've established the timeline for our own expansion based on the commitments our customers are making with us," said Tom Schneberger,...

  • SANTIAGO, July 31- AES Gener, the Chilean arm of AES Corp, said on Monday that it forecast possible fresh cost overruns on its half-finished Alto Maipo hydropower mega-project after continued problems with its construction and contractors. Alto Maipo was in technical default and was facing over $600 million added to its current debt after ending a...

  • LONDON, July 31- The price of copper hit a two-year peak on Monday on upbeat manufacturing data in top consumer China and a weaker dollar, while nickel hit a near four-month high on renewed supply worries and soaring steel prices. The data, combined with an environmental crackdown in China, sent Chinese steel prices to their highest level since December 2013.

  • MELBOURNE, July 31- London copper rallied to its highest since more than two years on Monday after manufacturing data from top user China confirmed growth tempered slightly but stayed firm in July. "It's still a strong figure," said Amy Li of the National Australia bank in Melbourne, adding that policy makers were likely to ensure smooth sailing for China's...

  • WASHINGTON, July 30- The Trump administration is considering imposing U.S. sanctions on Venezuela's vital oil sector in response to Sunday's election of a constitutional super-body that Washington has already denounced as a "sham" vote, U.S. officials said. The measures, which could be announced as early as Monday, are not expected to include a ban on Venezuelan...

  • A livestock farmer at a livestock auction market on January 11, 2017 in Yabu, Japan.

    Japan said on Friday the country will raise tariffs on frozen beef imports from the U.S. and other countries from August.

  • SANTIAGO, July 12- European and Asian companies are eyeing a $500 million contract to replace 3,300 vehicles and overhaul the Chilean capital's much-maligned public bus network, Chile's transportation minister told Reuters on Wednesday. In an interview before a presentation to investors, Paola Tapia said she has received interest from companies in China,...