Stories for June 2006

Friday, June 30th 2006 - 21:00 UTC

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.

Friday, June 30th 2006 - 21:00 UTC

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.

Friday, June 30th 2006 - 21:00 UTC

Penguin News Update

Headlines:
Cautious reaction to sovereignty umbrella ?threat'; Broadband testing; School seeks views; Scores join in midwinter mania.

Friday, June 30th 2006 - 21:00 UTC

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.

Friday, June 30th 2006 - 21:00 UTC

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.

Friday, June 30th 2006 - 21:00 UTC

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.

Thursday, June 29th 2006 - 21:00 UTC

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.

Thursday, June 29th 2006 - 21:00 UTC

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.”

Thursday, June 29th 2006 - 21:00 UTC

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.

Thursday, June 29th 2006 - 21:00 UTC

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.