Tag: Chile

Friday, July 31st 2015 - 05:33 UTC

Dollar in Chilean Pesos climbs to its highest level since December 2008

The strong US economy and the fall in the price of copper, because of lesser Chinese demand have weakened the Chilean peso

The US dollar ended Thursday trading in the Chilean money exchange market at its highest since December 2008, that is 674 Pesos for the greenback. Currently and seven years ago the main reason has been the US monetary policy: the sub-prime crash in the US and fears of the debacle expanding to the rest of the world, and now growing chances of the Federal Reserve deciding on a rise of the prime rate.

Wednesday, July 22nd 2015 - 06:20 UTC

Chilean congress makes unprecedented mea culpa on several corruption cases

“I recognize that many times we have not lived up to what the citizenry expected of us”, said Senate President Patricio Walker, in a ceremony in Valparaiso

The Chilean Congress made an unprecedented mea culpa on Tuesday for a series of corruption cases involving lawmakers that have eroded public confidence in the institution. In the first review of the state of the Congress in its 204-year history, lawmakers acknowledged the damage caused by corruption, including accusations of tax fraud leveled against four opposition figures, two of them members of Congress.

Friday, July 17th 2015 - 05:49 UTC

“Sea for Bolivia” and “Malvinas for Argentina” pledges president Evo Morales

 “We're very happy with Argentina because we know we can always count with the Argentine people in this kind of demands”, pointed out the Bolivian leader

Bolivian president Evo Morales defended his claim of “sea for Bolivia” and “Malvinas for Argentina”, during the last of his two-day very militant visit to Argentina before flying late Thursday to Brazil for the Mercosur summit.

Thursday, July 9th 2015 - 06:41 UTC

Chile's inflation picks up in June, despite persistent weak economic growth

Central bank data showed on Monday that Chile's economic activity rose 0.8% in May from a year earlier, much slower than expected

Chile's inflation picked up and beat expectations in June despite persistently weak economic growth. The consumer price index rose 0.5% in June, as prices for transportation, housing and basic services increased, the government's stats agency said on Wednesday.

Wednesday, July 8th 2015 - 07:21 UTC

Chile official involved in 2018/2022 World Cup inspections, suspended by FIFA

“I wonder why FIFA publishes a sanction that has outstanding resources, as this may be modified by higher courts”, said Harold Mayne-Nicholls

The official chosen by FIFA to inspect 2018 and 2022 World Cup hosting candidates was banned from football for seven years for breaking ethics rules. FIFA’s ethics committee gave no reason for its decision to suspend Harold Mayne-Nicholls, a former president of Chile’s soccer federation who is disputing the sanction.

Friday, July 3rd 2015 - 08:16 UTC

Magallanes Region retains second lowest unemployment rate in Chile

Despite a 1.2 percentage points increase to 4%, Magallanes region is below Chile's national average of 6.6% unemployment

Unemployment in Magallanes Region, extreme south of Chile reached 4% in the March/May quarter, which is 1.2 percentage points higher than a year ago, and 0.3 percentage points more than the previous mobile quarter, according to the latest report from the country's Stats Office, INE.

Friday, July 3rd 2015 - 06:26 UTC

Falklands' war: Chilean top commentator defends Chile's role in supporting UK

“Chile had more than sufficient reasons to help Great Britain following the Argentine invasion of the Malvinas Islands”, said Bernardo de la Maza.

Only a few hours off from Saturday's last match of the 2015 Copa America when the best South American team will emerge, the rivalry between finalists Argentina and hosts Chile has erupted strongly and the Falkland Islands' issue is not absent from aggressive chants and insulting messages in the social networks.

Monday, June 29th 2015 - 07:05 UTC

End of Copa America for Chile's “Finger of God” Jara: three matches suspension

The controversial incident between Chile'a Jara and Uruguay's striker Edison Cavani

Chile defender Gonzalo Jara will miss the rest of the current Copa America after being suspended for three matches for sticking his finger up an opponent's backside and feigning injury during a match.

Wednesday, June 24th 2015 - 07:15 UTC

Driest June in Santiago in fifty years worsens pollution in the midst of Copa America match

Santiago de Chile high pollution levels

Chile's capital Santiago has experienced the driest June in half a century, leading to unexpected headache-inducing levels of contamination and Andean ski slopes bereft of snow, with no rain clouds on the horizon. There has been zero precipitation in the month to date in Santiago, the first time that has happened in fifty years, according to meteorology records.

Thursday, June 18th 2015 - 06:40 UTC

Chilean striking teachers take to the streets; million students with no classes

The peaceful rally held on Wednesday turned violent when clashes erupted between riot police and a group of protesters, which led to arrests

Thousands of striking teachers have taken to the streets in the Chilean capital Santiago to protest against education reform plans. The peaceful rally held on Wednesday turned violent when clashes erupted between riot police and a group of protesters, which led to the arrest of a number of people.


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