Tag: Felipe Larrain

• Monday, March 12th 2012 - 20:05 UTC

  UK minister in Chile accuses Argentina of economic blockade to the Falklands

  

  United Kingdom’s Foreign Office Minister Jeremy Browne on a two-day visit to Chile criticized what he called the “economic blockade” to the Falklands Islands by saying it “wasn’t right” and again reaffirmed the right of self determination for the Islanders.

• Friday, March 9th 2012 - 00:20 UTC

  Chilean inflation on target, in spite of February’s spike, says minister

  

  Chilean inflation accelerated in February fuelled by transport and food costs, reinforcing expectations the central bank will hold its key interest rate steady next week.

• Wednesday, October 19th 2011 - 23:17 UTC

  Piñera looses support from business sector in the conflict over education reform

  

  Following on the examples of their German, French and some US peers, Chilean business leaders have asked for an increase in taxes they pay to help finance social demands in spite of the strong opposition of President Sebastián Piñera administration.

• Saturday, October 1st 2011 - 05:46 UTC

  Piñera promises 7.2% of GDP for education trying to calm protesting students

  

  The Chilean government proposed a 5% increase in public spending and a 7.2% gain in education outlays next year as it tries to end four months of protests that have seen a quarter of a million students miss classes and weekly battles with the police.

• Friday, August 19th 2011 - 09:38 UTC

  Chilean central bank ends hike cycle early and keeps key rate unchanged

  

  The Chilean central bank held its benchmark rate steady at 5.25% on Thursday for a second month running as inflation expectations ease and the global outlook darkens, boosting bets it has ended its rate hike cycle early.

• Tuesday, July 19th 2011 - 01:09 UTC

  Chilean president Piñera reshuffles cabinet to overcome plummeting approval figures

  

  Chilean President Sebastian Piñera performed a major shake up on his cabinet Monday, reshuffling several key ministers amid plummeting approval figures. Piñera approval rating recently fell to a low at 31% in part to due ongoing protests as students seek broad reforms to the nation's education system.

• Saturday, July 2nd 2011 - 05:28 UTC

  London and Chilean stock exchanges are in the process of integration

  

  Finance Minister Felipe Larraín advanced efforts to integrate the Chilean and London stock exchanges during a recent visit to the United Kingdom. A delegation of government officials and business leaders accompanied the minister on his trip to promote foreign investment in Chile.

• Thursday, June 9th 2011 - 20:31 UTC

  Chile’s economy forecasted to slow growth following 8.9% in first quarter

  

  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.

• Thursday, November 4th 2010 - 18:19 UTC

  Overseas investment cap for Chilean pension funds increased from 60% to 80%

  

  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.

• Friday, October 1st 2010 - 04:56 UTC

  Piñera promises actions to weaken the Chilean peso in next year’s budget

  

  Chilean president Sebastian Piñera on Thursday reiterated that next year's budget would aim to ease a rapidly appreciating currency that is hurting the country’s exporters.