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MercoPress, en Español

Montevideo, November 23rd 2024 - 21:02 UTC

Chile

  • Saturday, August 8th 2015 - 09:31 UTC

    Chile's inflation climbs 0.4% in July to an annualized 4.6%; Peso slides 11%

    Chile which is heavily China-dependent with copper exports is suffering consequences of the slowdown in the world's second strongest economy.

    Chile’s inflation rate rose to the highest this year in July as the Peso approaches its weakest level in more than a decade. Prices climbed 0.4% in the month, the National Statistics Institute said on its website Friday. Annual inflation accelerated to 4.6% from 4.4% the month before, while the central bank target is between 2% and 4%.

  • Friday, August 7th 2015 - 05:55 UTC

    Lan and Tam consolidate under an only brand of Latam Airlines

    The changes will “gradually become visible” in 2016, though the company has not announced a timeline for all specific elements.

    LATAM Airlines Group will consolidate all its carriers, including Lan Airlines and Tam Linhas Aéreas S.A., into a single brand over the next three years, the company announced Thursday. Since Lan and Tam merged in 2012, they've operated as separate brands, but the parent company's goal has been to provide a carrier that can provide seamless coverage to the entire South American continent.

  • Thursday, August 6th 2015 - 12:19 UTC

    Southern hake August ban awareness campaign launched in Chile

    The campaign 'Let’s stop catching hake' is an administrative measure that extends throughout August to protect the resource during reproduction period. (Pic Aqua)

    The southern hake (Merluccius australis) ban awareness campaign has been officially launched in the southern Chilean city of Puerto Montt, with the aim of halting the resource catches, sale and consumption in the south of the country, extending from regions Los Lagos to Magallanes.

  • Monday, August 3rd 2015 - 08:28 UTC

    Argentina and Chile armies agree on Antarctica rescue and support operations

    The Chilean and Argentine military officers shake hands following the signing of the document relative to Paracah activities (Pic LPA)

    The armies of Argentina and Chile have completed the details for this Antarctic season PARACAH (Antarctic Combined Rescue Patrol Argentina-Chile) 2015 exercise that became effective as of August and extends until next year, and which besides combined rescue operations also refers to collaboration in scientific and research issues in Antarctica.

  • Monday, August 3rd 2015 - 08:08 UTC

    Unemployment in Magallanes drops slightly to 3.8% in April/June quarter

    ”Normally unemployment at this time of the year (winter) is higher than in summer months, but it actually dropped slightly” said Carlos Abarzúa

    Unemployment in Magallanes region, extreme south of Chile, was 3.8% in the second quarter of the year, which represents a 1.5 percentage point increase over the last twelve months despite a slight fall of 0.2 percentage point compared to the previous quarter (March/May) of 2015, according to the latest release from the INE stats office.

  • 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.

  • 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.