President Hugo Chavez said China is set to rival the United States as Venezuela's top oil buyer as he announced new plans with the Asian powerhouse to jointly ship oil, build refineries and expand crude production.
Consulting firm Pricewaterhouse Coopers recently ranked the richest cities in the world by measuring economic output and consumer buying power. Santiago ranked 53rd overall, but 5th among other cities in Latin America, after Mexico, Buenos Aires and Sao Paulo and Rio de Janeiro.
A young couple fell overboard from a cruise ship in the Gulf of Mexico early Sunday, but both were rescued after a four-hour search and appeared to be in good condition, a cruise line spokeswoman said.
LAN Chile Airlines has signed a firm contract with Airbus for the acquisition of 15 additional A320 Family aircraft. This is a confirmation of the options that were announced in October 2005.
The tourism industry in Chile generated 2.4 billion US dollars during the 2006/07 summer season according to Oscar Santelices, head of the country's National Tourism Service, Sernatur.
A panel of experts from the University of Chile has suggested that the impact of climate change may not be so severe in Chile as in other parts of the world. They reason that the strong influence of the Pacific Ocean on the country may well help mitigate the effects of global warming.
A senior international banker predicted a further shake-out in emerging markets, particularly Latinamerica, arguing that asset prices in the region, (the best performing market last year) have run ahead of economic fundamentals in many cases and the market needs some sort of adjustment.
Mexico's embattled President Felipe Calderón received Chilean President Michelle Bachelet Monday night in what marked the first state visit by any country to Mexico since Calderón took office 100 days ago. While supporters of defeated presidential candidate Manuel López Obrador staged a protest against Calderón outside of Mexico City's National Palace, the conservative President was warm in his remarks to Chile's first woman president.
United States Treasury Secretary Henry Paulson arrived in Guatemala Monday vowing to back efforts to expand the benefits of free trade, combat poverty and promote bio-fuels such as ethanol.
Chilean companies are set to continue a long-established trend of investing in other Latin American countries in 2007 as they outgrow their home market, with Colombia the preferred destination and retailers the biggest spenders according to the latest report from the Santiago Chamber of Commerce.