Stories for June 2006
ENAP claims abundant natural gas in Tierra del Fuego
Chile's government owned oil corporation ENAP will be investing 40 million US dollars in the exploitation of a natural gas and petroleum deposit in Magallanes Region announced in Santiago the company's CEO Enrique Davila.
Strong Chilean economy creates more jobs and jobless
Unemployment in Chile increased during the March-May quarter reaching 8.7%, which is 0.4% above the same period a year ago (8.3%), according to the latest release from the Chilean Statistics Institute.
Penguin News Update
Headlines:
Cautious reaction to sovereignty umbrella ?threat'; Broadband testing; School seeks views; Scores join in midwinter mania.
Spanish magnate faces US trial for illegal toothfish trade
Spanish fishing magnate Antonio Vidal and the Uruguayan company Fidelur have been allegedly caught red handed illegally trading with toothfish in United States and now face serious charges in a Miami federal court.
Growing fears of new Doha round frustration
The Doha round negotiations on global trade currently taking place in Geneva are edging closer to another failure warned World Trade Organization Director General Pascal Lamy.
Chile plans massive investments in copper industry
Chile plans to invest 16 billion US dollars in the copper industry through 2010 retaining its position as the world's leading producer and exporter, announced Friday the Chilean Copper Commission, Cochilco.
TAM to start London flights, orders new planes
TAM, Brazil's largest airline, will start a daily flight to London as of October 28, landing at Heathrow airport, the main entrance to the United Kingdom.
Most of Chileans fear losing their job
A recent study by the Liberty and Development Institute revealed that 56 percent of Chileans fear losing their job within the next few months. Twenty percent describe this fear as “very high,” while 36 percent describe it as “high.”
Fed raises interest to 5.25% to curb inflation pressures
The Federal Reserve raised Thursday its interest rate 25 basic points to 5.25%, the highest level in five years, with the purpose of limiting inflation pressures.
Strong peso makes Chile the most expensive in South America
Chile became in 2005 the most expensive country South American country to live in, followed by Brazil and Uruguay, while the cheapest are Bolivia and Paraguay, according to a report released this week by the Brazilian Geography and Statistics Institute, IBGE.
