Latin America

Saturday, November 3rd 2007 - 20:00 UTC
Punta Arenas with lowest unemployment percentage in Chile

Magallanes in the extreme south of Chile remains as the region with the lowest unemployment in the country, 3.2% in the July-September quarter. This is considerably less than Chile's 7.7% national average or Greater Santiago's 8%.
Friday, November 2nd 2007 - 20:00 UTC
“Supreme Chavez” reforms approved by Venezuelan assembly

Venezuela's National Assembly gave on Friday its final approval to a package of constitutional reforms that strengthens the powers of President Hugo Chavez and his Socialist-Bolivarian republic project.
Friday, November 2nd 2007 - 20:00 UTC
Bachelet sees poverty as the main threat to regional democracy

Chile's Michelle Bachelet who will be hosting the Ibero-American summit next week defended the legitimacy of Latinamerican governments, particularly Venezuela, and insisted that the prevailing consensus among leaders is that poverty represents the main threat for the region.
Thursday, November 1st 2007 - 20:00 UTC
Repsol-YPF reducing Latam's incidence in its global turnover

Spanish Oil Company Repsol YPF announced Wednesday the sale of a chain of 206 service stations in Chile to Colombian company Organizacion Terpel for 210 million US dollars. Repsol said the sale was part of the restructuring of its Latin American assets.The sale also includes the industrial sales business including its infrastructure. Repsol plans to focus on its core business said Madrid's El País.
Thursday, November 1st 2007 - 20:00 UTC
Scathing report on Chile's booming salmon industry

The environmental NGO Ecoceanos this week released a scathing report on Chile's 2.2 billion US dollars farmed salmon industry, the world's second largest after Norway.
Wednesday, October 31st 2007 - 20:00 UTC
US subprime crisis hits Chilean wood molding industry

The subprime lending crisis in the United States recently forced Chile's Celulosa Arauco (CELCO), the forestry arm of the Angelini group, to close the La Araucana sawmill located in Los Álamos in Arauco province. The decision left 130 people unemployed.
Wednesday, October 31st 2007 - 20:00 UTC
Chile drops in most globalized countries ranking

Chile fell nine spots in the 2007 Globalization Index, compiled by Foreign Policy magazine and the management consulting firm AT Kearney. Additionally, Chile is no longer the most globalized Latin American country, as Panama and Costa Rica jumped to higher spots on the list
Tuesday, October 30th 2007 - 20:00 UTC
Luxury hotel to open in December in Chile's Easter Island

Officials from Posada de Mike Rapu, Explora's new luxury hotel on Chile's Easter Island, confirmed that it will open on December 15. Demand has been high: the hotel is almost completely booked through the remainder of the year.
Tuesday, October 30th 2007 - 20:00 UTC
U.N. votes against U.S. embargo on Cuba for 16th year

The U.N. General Assembly voted overwhelmingly Tuesday to urge the United States to end its 46-year-old trade embargo against Cuba after its foreign minister accused the U.S. of stepping up its “brutal economic war” to new heights.
Sunday, October 28th 2007 - 20:00 UTC
Chilean ministers to Congress over Antarctic claims

Chile's Lower House Foreign Affairs Committee has summoned for next Tuesday the ministers of Foreign Affairs and Defence to consider the international statute of Antarctica. The meeting follows on the United Kingdom's recent announcement that it's considering claiming continental shelf rights off Antarctica