Vapores Falls on Concern Costs Will Rise, Demand Slip

By Nathan Gill and James Attwood      Aug. 20 (Bloomberg) — Cia. Sudamericana de Vapores SA, Latin America’s biggest container ship company, fell to the lowest in a month in Santiago trading on speculation that rising costs and falling demand will reduce earnings.      Vapores declined 2 percent to 705 pesos, the lowest since July… Read More Vapores Falls on Concern Costs Will Rise, Demand Slip

Sigdo Koppers Rises After Disclosing Peru Sale Profit

By Nathan Gill and James Attwood      Aug. 18, 2008 (Bloomberg) — Sigdo Koppers SA, which controls Chile’s largest explosives maker, rose to the highest in two months in Santiago trading after announcing a $23.2 million pretax gain from the sale of assets in Peru.      Sigdo Koppers climbed 2.6 percent to 390.1 pesos, the… Read More Sigdo Koppers Rises After Disclosing Peru Sale Profit

Bachelet to Keep Budget `Tight’ in 2009, Economy Minister Says

By Nathan Gill      Aug. 12, 2008 (Bloomberg) — President Michelle Bachelet will keep the 2009 budget “as tight as possible” to help slow the rising cost of living, Economy Minister Hugo Lavados said. While saying higher public spending isn’t the leading cause of the fastest inflation in 13 years, Lavados told reporters today in… Read More Bachelet to Keep Budget `Tight’ in 2009, Economy Minister Says

Tenaris Falls Most Since 2003 as Commodities Decline

By Nathan Gill      Aug. 11, 2008 (Bloomberg) — Tenaris SA fell the most since April 2003 in Buenos Aires on speculation a stronger U.S. dollar will hurt commodity prices and curb demand for its products.      The world’s biggest supplier of seamless pipes used by oil and gas producers retreated 8.2 percent to 78… Read More Tenaris Falls Most Since 2003 as Commodities Decline

Chile’s Bank Considered Bigger Rate Increase in July

By Sebastian Boyd and Nathan Gill      Aug. 7, 2008 (Bloomberg) — Chile’s central bank policy makers considered a 0.75 percentage point rate increase at their July meeting, before voting unanimously to raise interest rates by half a point, the bank said on its Web site.      The bank raised the rate to 7.25 percent… Read More Chile’s Bank Considered Bigger Rate Increase in July

Chile Second-Half Growth Will Be Better, Velasco Says

By Nathan Gill and Sebastian Boyd      Aug. 5, 2008 (Bloomberg) — Chile’s economic growth will accelerate in the second half of the year, Finance Minister Andres Velasco said.      “The economy is taking off and we are going to have a second half that will be better than the first,” Velasco told reporters today… Read More Chile Second-Half Growth Will Be Better, Velasco Says