The Bosques de Chile firm this week filed paper work with environmental authorities for authorization to proceed with a US$100 million wind farm investment off the coast of Chiloé Island near Dalcahue.
Growing at a rate of 7 to 8% annually, Brazil's booming economy is becoming an important market for key Chilean exports.
Chile's central bank said on Thursday it would gradually raise foreign investment limits for pension funds to 80% from 60% as it seeks to counter the recent sharp appreciation of the Chilean Peso.
Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index.
Uruguay is the country in Latin America and the Caribbean which experienced the highest percentage increase in direct foreign investment during the first half of the year, according to the latest report from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Chile and Uruguay are among the less corrupt and most transparent countries of the region while Venezuela stands at the opposite end, among the worst cases in the world, according to the latest annual report from Transparency International officially released in Berlin.
Colombia’s government and central bank announced new measures to stem a rally in the peso after President Juan Manuel Santos expressed concern its appreciation is hurting exporters and job growth.
Peru’s former Finance Minister Mercedes Araoz said she will run for president next year as a candidate for President Alan Garcia’s Apra party. The independent candidate was proclaimed this week as presidential candidate by Apra’s Executive Committee and thus joins the growing rank of women presidents and candidates in the region.
There is a largely untapped lesbian, gay, bisexual and transgender (LGBT) market in Latin America, according to a recent survey.
Venezuelan President Hugo Chavez announced the nationalization of steelmaker Sidetur and of several real estate developers that failed to complete housing projects.