Latin America

Wednesday, May 9th 2007 - 21:00 UTC
Brazil's TAM and Chile's LAN implement business alliance

Brazil's TAM Linhas Aéreas and Lan Chile, both airlines with a clear dominating position in their domestic markets have agreed to formalize a business alliance. The agreement to be implemented in the next three months aims to develop partnerships in routes operated in South America, broadening passengers' options to fly to several destinations.
Wednesday, May 9th 2007 - 21:00 UTC
WTO asks Chile do drop tariff barriers on Argentine wheat and flour

The World Trade Organization has ruled that Chile should not apply tariff barriers to the price of Argentine wheat and flour. The ruling was a response Chile's final appeal to the WTO in the lengthy trade dispute with Argentina that began in 2000.
Monday, May 7th 2007 - 21:00 UTC
Australian pop diva Kylie Minogue surprise visit to Chile

When Australian pop diva Kylie Minogue arrived at Santiago de Chile's international airport last Wednesday, she was met by film producer Alexander Dahm, who lives in Mexico with his wife and son.
Monday, May 7th 2007 - 21:00 UTC
New record for copper but US dollar in Chile keeps falling

Copper prices rose to a ten-month record high Friday of US$ 3.73 per pound at the London Metal Exchange. This helped push the value of the U.S. dollar in Chilean money markets to new lows and led speculation about the effects this might have in the country's economy.
Sunday, May 6th 2007 - 21:00 UTC
Venezuelan banks face more regulation

Nationalisation of Venezuela's banks could seriously destabilise Venezuela's economy but it is unlikely that President Hugo Chávez would carry out his threat soon, if at all, analysts said on Friday.
Sunday, May 6th 2007 - 21:00 UTC
Multinational Unitas naval exercise in the South Atlantic

Until next Friday naval units from Argentina, Brazil, Chile, Spain and United States will be participating in the Multinational Exercise Unitas XLVIII in the South Atlantic.
Saturday, May 5th 2007 - 21:00 UTC
Only Conoco-Phillips resisting Chavez Orinoco basin control

Venezuela threatened to expel Conoco-Phillips, the US oil company, if it does not abide by the nationalization of stakes held by foreign investors in the country's Orinoco heavy oil operations.
Friday, May 4th 2007 - 21:00 UTC
President Chavez threatens banks with nationalization

Venezuelan President Hugo Chavez threatened on Thursday to nationalize the country's banks and largest steel producer, if they don't join the country's economic expansion plans.
Friday, May 4th 2007 - 21:00 UTC
Punta Arenas Methanex plans to cut Argentine gas dependency

Canada's Methanex, the world's leading producer of methanol and which has a gigantic plant in Punta Arenas expects to break its Argentina natural gas dependency sometime in the next three years, and concentrate on Chilean supplies, said Bruce Aitken, the company's CEO.
Friday, May 4th 2007 - 21:00 UTC
South American countries agree creation of development bank

The Finance and Economy ministers from Argentina, Brazil, Bolivia, Ecuador, Paraguay and Venezuela decided Thursday in Quito the creation in parallel of a development bank and a macroeconomic stabilization fund to support financially the region.