The Chilean Economic Development Agency (CORFO) raised US$984 million last week by selling its 29.98% stake in the country’s main water utility, Aguas Andinas SA.
Peruvian president-elect Ollanta Humala highlighted the open channel of direct communication established with Chile and President Sebastian Piñera following a two hour meeting on Wednesday between the two leaders in Santiago’s presidential palace.
The most intense La Niña climate pattern since 1975 is coming to a close in Chile, after it cooled water temperatures off the Pacific coast of South America and left a troubling drought in its wake.
Evacuations ordered after an eruption in Chile’s Puyehue-Cordón Caulle volcanic complex begun to be lifted on Sunday for various areas in southern Chile’s Los Ríos and Los Lagos regions, over 600 miles south of Santiago.
Chile’s National Fisheries Service (Sernapesca) authorized the transfer of more than five million salmon from three farms in the south of the country. The decision was taken as a precautionary measure because of the eruption of the Puyehue-Cordón Caulle volcanic range and possible pollution of rivers and lakes.
Weapons dealer Guillermo Ibieta will face questioning this week about a possible link between his company and four second-hand frigates purchased from the Netherlands for the Chilean Navy in 2005, according to Chilean daily La Tercera.
A week’s ago volcanic eruptions in Chile’s South have crippled the fresh-water fishing industry there and potentially threaten the cattle industry, too.
China Vice-President Xi Jinping arrived in Chile Thursday to forge closer ties with the nation that has branded itself as China's gateway to Latin America.
After months of record-setting growth, experts expect Chile’s economy to slow. Analysts say that the 8.9% growth in the first quarter of 2011 will slow and the year will end with an overall growth of between 6 and 7% for the year.
Sunday marked the end of a drawn out campaign for Peru’s presidency, as centre-left candidate Ollanta Humala claimed a narrow victory over centre-right candidate Keiko Fujimori.