Business News Chile

  • SANTIAGO, May 17- An audit by Chile's statistics agency INE found that inflation data was manipulated for three months last year, the agency said on Friday. The irregularities slightly altered the monthly readings for August, October and November of 2018, INE said in a statement. INE, which announced the investigation earlier this week, has said it suspended the...

  • May 17- Latin American currencies fell to near five-month lows on Friday, wiping out their 2019 gains as the protracted trade war between the United States and China took its toll on riskier assets and a biting recession and high inflation hit Argentina's peso. The week brought retaliation from both the United States and China, including Beijing imposing...

  • BEIJING/ SINGAPORE, May 17- Copper prices on the London Metal Exchange are on track to fall for a fifth straight week, as deepening U.S.- China trade tensions sparked concerns about weak demand. "The trade war can't bring China down. Despite easing on Friday, London aluminium is on track for its best week of gains since Feb. 22 as alumina refinery shutdowns in China...

  • BEIJING/ SINGAPORE, May 17- Aluminium prices in London and Shanghai are set for solid weekly gains on Friday, as alumina refinery shutdowns in China raises production costs for the metal, but a gloomy global growth outlook put pressure on base metals prices. "Aluminium demand in China is showing signs of recovery. *ALUMINA: Alumina prices in northern China have now...

  • BEIJING, May 17- Shanghai aluminum prices moved higher for a sixth consecutive session in early trade on Friday, as alumina refinery shutdowns in northern China's Shanxi province raise production costs for the metal used in everything from cans to cars. Aluminum is on course to gain 1.7% in Shanghai this week, which would mark its best week since the one ended Aug....

  • fears@ May 16- Latin American currencies softened on Thursday against a dollar that was strengthened by trade war fears, while a Latin American stocks benchmark fell as losses in index heavyweight Brazil overcame gains on other countries' exchanges. Brazil's real pierced through the 4 reais per dollar mark for the second day in a row. Investor sentiment towards...

  • SINGAPORE, May 16- Shanghai aluminum futures prices on Thursday hit their highest since October 2018 on worries over supply shortage, following a refinery shutdown in China- the world's top aluminum maker. Xinfa Group, one of China's biggest aluminum smelters, is closing all production lines on its 2.8- million-tonne-per-year alumina refinery in Shanxi for...

  • SINGAPORE, May 16- Shanghai aluminum futures prices on Thursday hit their highest since October 2018 on worries over a supply shortage, following a refinery shutdown in China- the world's top aluminum maker. Xinfa Group, one of China's biggest aluminum smelters, is closing all production lines on its 2.8- million-tonne-per-year alumina refinery in Shanxi...

  • SINGAPORE, May 16- Copper and most other base metals fell on the London Metal Exchange on Thursday, as investors remained cautious after weaker-than-expected Chinese retail sales and industrial output data. *The U.S. Interior Department on Wednesday renewed two long-mothballed leases near the Boundary Waters Wilderness area in Minnesota, a key step in...

  • *China's copper concentrates imports: https://tmsnrt.rs/2Ea7yLk. LONDON, May 15- The refined copper market will experience supply shortfalls both this year and next, the International Copper Study Group says. The rate of demand growth is a key variable and one that is very much to the fore as copper and other industrial metal markets eye nervously slowing...

  • WASHINGTON, May 15- The U.S. Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups. The department's Bureau of Land Management granted the...

  • WASHINGTON, May 15- The U.S. Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups. The department's Bureau of Land Management granted the hardrock...

  • *China's copper concentrates imports: https://tmsnrt.rs/2Ea7yLk. LONDON, May 15- The refined copper market will experience supply shortfalls both this year and next, the International Copper Study Group says. The rate of demand growth is a key variable and one that is very much to the fore as copper and other industrial metal markets eye nervously slowing...

  • China plans to impose higher tariffs on $60 billion worth of U.S. goods it would target, the latest salvo in the top two economies' trade war. Mexico's peso softened 0.7%, the smallest decline among its regional peers. Banco de Mexico meets later this week and many market participants expect rates to remain at 8.25%.

  • MADRID, May 13- French investment fund Ardian is close to buying wind farms from Spanish renewables group Renovalia in a 550 million euro deal, two sources with knowledge of the deal said, marking a move into green energy where buyer interest is hotting up. Ardian aims to put to work some of a 6 billion-euro fund for investments in Europe with the acquisition of...

  • *China says tariffs on U.S. goods effective June 1. May 13- Latin American currencies and stocks fell on Monday after China said it will impose higher tariffs on a range of U.S. goods, days after U.S. Brazil's benchmark Bovespa index slumped more than 2%, led by losses in the financial sector, while the real currency slipped about 1% to near its lowest since October 2018.

  • Benchmark lead in London fell as much as 0.9% to $1,805 a tonne, its lowest since August 9, 2016, while Shanghai lead dropped to as low as 15,940 yuan a tonne, its lowest since August last year. The trade conflict between the world's top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President...

  • SANTIAGO, May 12- A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, the chairman for Chile's Antofagasta Plc told a Chilean newspaper on Sunday. "Without the commercial war, I am convinced that the price of copper would be between $3.20 and $3.50 per pound," Jean-Paul Luksic...

  • SAO PAULO, May 10- Air travel in Brazil will grow between 4% and 5% in 2019, the president of industry group ALTA said on Friday, despite challenges facing No. 4 airline Avianca Brasil, which has lost most of its fleet. "Of course, this is not what we want," he said of Brazil. "Given its size, if Brazil had two-digit growth it would lift the entire region."

  • PARIS, May 9- French supermarket chain Casino Guichard Perrachon SA, which has been selling assets to cut debt and reassure investors, said on Thursday it was reviewing strategic options in Latin America. Casino also owns wholesale chain Assai and electronics and appliance retailer Via Varejo in Brazil, and supermarket chain Grupo Exito in Colombia, Argentina,...