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Business Chile

  • SAO PAULO, Nov 17- The Mexican peso firmed as much as 1 percent on Friday amid expectations that ongoing NAFTA talks in Mexico City would adopt a slightly more deliberative tone than in the past and focus on low-impact issues. Late on Thursday, Reuters reported that Canada is open to reviewing the North American Free Trade Agreement every five years instead of...

  • JAKARTA- Indonesia Central Bank holds board of governors meeting. **Zagreb- Croatia Finance Minister Zdravko Maric will meet an association of Croatia export-oriented firms to talk about the policy plans for 2018- 0900 GMT. SYDNEY- Panel participation by Michele Bullock, Reserve Bank of Australia's assistant governor at the Women in Payments Symposium, Sydney...

  • SANTIAGO, Nov 15- LATAM Airlines, Latin America's largest airline, posted a higher-than-expected third-quarter profit on Wednesday as the economies of regional markets recovered. The company reported net income of $161 million for the July through September period, up from $5 million a year earlier. The company was formed through the merger of Chile's LAN and...

  • THURSDAY, NOVEMBER 9 SINGAPORE- Bank of England Executive Director Chris Salmon will be the Panellist at Profit and Loss Conference 0815 GMT. MEXICO CITY- Central Bank of Mexico publishes monetary policy statement. FRIDAY, NOVEMBER 10 SYDNEY- Reserve Bank of Australia issues statement on Monetary Policy 0030 GMT.

  • MELBOURNE/ LONDON, Nov 7- Mining giant Anglo American is among several companies interested in buying commodity trader Louis Dreyfus's metals business, three trading and banking sources told Reuters. Anglo American also declined to comment. The world's biggest mining companies including BHP Billiton, Rio Tinto and Anglo American sharpened their marketing...

  • WINNIPEG, Manitoba, Nov 2- Chocolate makers' dependence on hazelnuts from a single major producer, Turkey, has sent Italy's Ferrero SpA searching for new suppliers to satisfy consumer cravings, from eastern Canada to Chile and Australia. Last month, Ottawa contributed nearly C $500,000 to a project testing tree varieties in the province of Ontario.

  • *Codelco seeks partners to value lithium assets in Chile. *Firm says copper's rally key to Chile labour negotiations. LONDON, Oct 31- More than 10 companies have expressed interest in partnering with Codelco, one of the world's largest copper producers, to exploit its lithium assets in Chile, the firm's chairman told Reuters.

  • BRASILIA, Oct 24- Single-digit interest rates may be here to stay in Brazil, supporting the economy's recovery from its deepest recession in a century, a Reuters poll showed. Low interest rates should put Brazil on track to outpace Mexico's economy for the first time in five years in 2018, the poll showed. Brazil's economy is expected to expand 0.7 percent this...

  • SANTIAGO, Oct 12- European banks are stepping up their financing of Chile's embattled salmon farmers, sensing a rebound from years of environmental catastrophes and disease that have left Santiago- listed lenders more wary of the sector. Three of Chile's largest salmon producers- Pesquera Camanchaca, Australis Seafoods and Multiexport Foods- have announced...

  • SAO PAULO, Oct 6- Further weakness in the Mexican peso is no longer a sure bet after a two-month selloff drove the currency to three-month lows, the latest Reuters poll of market strategists showed, although other Latin American currencies are expected to fall. Uncertainty over the currency's path looms large, with forecasts more spread out than in previous...

  • BUENOS AIRES, Sept 27- The South American trade bloc Mercosur could seek trade deals with Canada, Australia and New Zealand this year, an Argentine official said on Wednesday, as largest members Brazil and Argentina seek to open their economies. Mercosur, which also includes Uruguay and Paraguay, is working with the European Union to finalize the political...

  • BUENOS AIRES, Sept 27- The South American trade bloc Mercosur could seek trade deals with Canada, Australia and New Zealand this year, an Argentine official said on Wednesday, as largest members Brazil and Argentina seek to open their economies. Mercosur, which also includes Uruguay and Paraguay, is working with the European Union to finalize the political...

  • 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."