Stories for August 27th 2007

Monday, August 27th 2007 - 21:00 UTC
Chile hikes electricity rates 20%, highest since 2000

Energy experts and government officials expect household electricity bills will rise twenty percent between now and November. If this estimate turns out to be true, it will represent the most dramatic increase in electricity bills since 2000.
Monday, August 27th 2007 - 21:00 UTC
Rio Tinto to become world's largest producer of aluminum

Anglo-Australian mining group Rio Tinto announced Monday that its bid to buy Canada's Alcan for 38.1 billion US dollars has been approved by US antitrust authorities.
Monday, August 27th 2007 - 21:00 UTC
Brazilian company buys main Chilean abattoir in Tierra del Fuego

A leading Brazilian meat industry group Marfrig acquired an abattoir in Tierra del Fuego belonging to a group of cattle farmers from Magallanes Region, reports La Prensa Austral from Punta Arenas. The operation involved 8.5 million US dollars.
Monday, August 27th 2007 - 21:00 UTC
Punta Arenas, the second most expensive city in Chile

Punta Arenas figures as the second most expensive city in Chile behind the capital Santiago, according to the latest report from the Business School of the Universidad del Desarrollo released this week.

Chile hikes electricity rates 20%, highest since 2000