Tag: Chile

• Wednesday, June 1st 2011 - 17:43 UTC

  Luksic family takes over Shell’s business in Chile for 663 million USD

  

  Chilean conglomerate Quinenco SA announced Tuesday it completed the purchase of Royal Dutch Shell PLC's local business for 633 million US dollars.

• Wednesday, June 1st 2011 - 09:02 UTC

  LAN will seek another partner to expand globally if merger with Brazil’s TAM falls

  

  Chile's LAN Airlines will seek another partner or explore other options to expand internationally if a local antitrust tribunal rules against a planned merger with Brazil's TAM, according to an interview published by leading daily El Mercurio.

• Friday, May 27th 2011 - 22:37 UTC

  Chile’s pulp giant Arauco trebles profits in first quarter of 2011

  

  Chile’s Arauco the forestry and pulp unit belonging to the Copec group, trebled profits in the first quarter boosted by higher international prices and sale volumes particularly pulp, according to the company’s latest financial report.

• Wednesday, May 25th 2011 - 15:48 UTC

  Exhibits commemorate Chile’s immigrants from eight communities

  

  Chileans of German, British, Italian, Spanish, Japanese, French, Arab and Israeli descent sacrificed part of their heritage in the late 19th and early 20th centuries upon immigrating to Chile. Though their history is oft-forgotten in modern-day Chile, new exhibitions on display in Santiago and Valparaíso this month will show more than 70 photographs and 50 personal items representing the immigrant experience.

• Tuesday, May 24th 2011 - 22:04 UTC

  New York Times says sacrificing Chilean Patagonia for a power is an irreparable mistake

  

  The New York Times has joined the Aysén region project controversy in Chilean Patagonia which was recently approved but has triggered massive protests from environmentalists and an overwhelming rejection from the majority of the population according to public opinion polls.

• Tuesday, May 24th 2011 - 18:59 UTC

  Former president Allende’s family petitioning return of the AK47, a gift from Fidel Castro

  

  The family of Chile’s former president, Salvador Allende, petitioned for the rifle AK-47 used on his alleged suicide to be found. Allende is supposed to have committed suicide in the midst of a violent army coup led by general Pinochet in September 1973.

• Tuesday, May 24th 2011 - 06:43 UTC

  Chile’s ENAP successfully drills natural gas well in Tierra del Fuego

  

  Chile’ oil and gas company ENAP announced Monday the discovery of natural gas at a recently drilled well in the Arenal block to the north-west of Espora Peninsula, Tierra del Fuego.

• Tuesday, May 24th 2011 - 06:39 UTC

  Korean conglomerate LGI secures oil block in southern Chile

  

  GeoPark oil and gas company with operations in Latin America announced in a joint release the definitive sale of oil and gas exploration and production blocks in the south of Chile to the Korean conglomerate LG International Corporation.

• Tuesday, May 24th 2011 - 06:30 UTC

  Massive demonstrations in Chile to protest Piñera’s annual speech to Congress

  

  Citizens protested on the streets of 27 Chilean cities on Saturday. The demonstrations were strategically planned to coincide with President Sebastián Piñera’s annual May 21 speech. In many areas, peaceful demonstrations morphed into violent riots.

• Tuesday, May 24th 2011 - 06:08 UTC

  Chile and Argentina probe alleged bribe case involving Lan and President Piñera

  

  Chilean prosecutors have opened an investigation into an alleged bribe paid to a former Argentine minister by Chile’s flag carrier Lan sometime in 2006/2007 to help with the opening of operations in Argentina. At the time Chilean president Sebastián Piñera was the main share holder of the airline.