Chile mining body says new lithium projects needed beyond SQM, Albemarle
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) – The head of one of Chile’s top mining associations on Tuesday urged the government to speed up efforts to expand the lithium…
Chile authorities scour mountains for missing British astronomer
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chile authorities on Wednesday were scouring an arid mountainous region of the country in a search for British astronomer Thomas Marsh who disappeared more…
Chile to issue $12 billion in debt in 2023
By Rodrigo Campos NEW YORK (Reuters) – Chile estimates it will issue $12 billion in total debt next year and the largest budget increases will be in social protection and science and…
Chile launches plan to boost investment to address weakened economy
By Natalia A. Ramos Miranda (Reuters) – Chile’s government launched a plan on Monday to promote investment into 2023 that includes an array of tax breaks for the world’s largest copper producing…
Chile Importations From Mexico Heating Up at the Columbus Port of Entry
COLUMBUS, N.M. – U.S. Customs and Border Protection agriculture specialists assigned to the Columbus port of entry are busier than ever processing dozens of chile imports from Mexico on a daily basis.…
Chile Rejects Leftist Constitution In National Vote By Wide Margin
Chile Rejects Leftist Constitution In National Vote By Wide Margin Arjun Singh on September 5, 2022 Chile rejected a proposed constitution in a national plebiscite on Sunday, one written primarily by left-wing…
Explainer-Is Chile about to tear up its Pinochet-era constitution?
By Fabian Cambero SANTIAGO (Reuters) – Chileans will head to the polls on Sunday to approve or reject a new constitution that would replace the Andean country’s current text that dates back…
Chile interest rate expected to rise to 10.5% in September -cenbank poll
SANTIAGO (Reuters) – Chile is expected to raise its benchmark interest rate this month to 10.5% from 9.75%, a central bank poll of traders showed on Thursday, as the world’s top copper…
Chile central bank modifies norms for access, functioning of foreign exchange market
(Reuters) – Chile’s central bank modified the norms that regulate the access and functioning of the formal foreign exchange market, it said in a statement Tuesday. The move comes after a public…
IMF board approves $18.5 billion flexible credit line for Chile
(Reuters) – The Executive Board of the International Monetary Fund (IMF)approved a flexible credit line of around $18.5 billion for Chile to “augment buffers and provide insurance against adverse scenarios,” the IMF…
Chile dictates measures against mining company for giant sinkhole
SANTIAGO (Reuters) – Chile’s SMA environmental regulator said on Tuesday it had issued a series of measures against a copper mine owned by Canada’s Lundin Mining Corp after a sinkhole opened up…
In northern Chile, miners ask government to curb crime, robberies
By Fabian Cambero SANTIAGO (Reuters) – The mining industry in Chile, the world’s largest copper producer, on Tuesday called on the government to take action to stop an “escalation of crime” that…
Santander Chile CEO to step down in August
MEXICO CITY – Santander’s Chile chief executive, Miguel Mata Huerta, will step down on August 1, the banking unit said in a filing Wednesday to the Chilean stock market. Roman Blanco Reinosa…
Amazon Web Services to invest more in Chile and Latin America
By Fabian Cambero SANTIAGO – Amazon Web Services (AWS), a unit of Amazon.com Inc, expects sustained growth in Chile and the rest of Latin America in coming years despite ongoing political turmoil,…
Chile sharply raises estimates for inflation in 2022; GDP seen up 1.6%
By Fabian Cambero SANTIAGO – Chile’s government on Tuesday sharply increased its estimates for the country’s inflation in 2022, saying it now expects an 11.1% rise, against an 8.9% rise seen in…
Chile announces $1.2 billion aid plan amid surging inflation
SANTIAGO – Chile’s government on Monday announced a $1.2 billion economic aid plan that includes bonuses and labor subsidies as the Andean nation struggles with surging inflation and an economic slowdown following…
High school on fire: violent protests by kids rock Chile
By Natalia A. Ramos Miranda SANTIAGO – As Chilean school kids start winter vacation, they leave behind a semester marked by violence. Several high schools around Santiago were taken over by students;…
Chile central bank mulled 150 point rate increase at May meeting, minutes show
SANTIAGO – Chile’s central bank considered raising the benchmark interest rate by up to 150 basis points at its last meeting due to persistent inflationary pressure, according to meeting minutes released by…
Chile interest rate seen rising to 9% in June- analyst poll
SANTIAGO – Chile is expected to hike its benchmark interest rate to 9% in June, a central bank poll of analysts suggested on Tuesday, as the world’s top copper producer battles to…
Inflation eating into Gold Fields’ Chile project, CEO says
By Promit Mukherjee and Helen Reid CAPE TOWN – Surging inflation is eating into gold miner Gold Fields’ contingency cost buffer for its Salares Norte project in Chile, Chief Executive Officer Chris…
Chile consumer prices up by higher-than-expected 1.4% in April
SANTIAGO – Chile’s consumer prices rose 1.4% in April boosted by rising costs in food and non-alcoholic beverages, the government’s statistics agency said on Friday. The figure, which was also driven by…
Mexico seeks lithium association with Argentina, Bolivia and Chile
MEXICO CITY -Mexico is working with governments of Argentina, Bolivia and Chile to create a lithium association so the countries can share their expertise to exploit the battery mineral, Mexican President Andres…
Chile reaches agreement with worker group to raise minimum wage
SANTIAGO – Chile’s government announced Monday night that it has reached an agreement with the Workers’ United Center of Chile (CUT) to raise the minimum wage in two steps this year. The…
Chile inflation surges to 1.9% in March, highest level since 1993
By Fabian Cambero SANTIAGO – Chile’s consumer prices rocketed 1.9% in March, the highest monthly rise in almost thirty years, underscoring the challenge for authorities as they battle spiraling inflation exacerbated by…
Chile announces $3.7 billion recovery plan to aid struggling economy
SANTIAGO – Chile’s President Gabriel Boric announced on Thursday a $3.7 billion economic recovery plan that includes a hike in the minimum wage, subsidies and financing for sectors of the economy still…
Chile plans to reform controversial pension program next year
SANTIAGO – The Chilean government will send a long-awaited bill to reform the country’s controversial private pension system to congress next year, Finance Minister Mario Marcel said on Tuesday. Reforming the current…
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