Chile’s Construction Chamber, Citigroup Halt AFP Habitat Talks

By Nathan Gill     Oct. 30 (Bloomberg) — Chile’s Chamber of Construction andCitigroup Inc. halted negotiations over control of AFP Habitat,a Chilean pension fund, Diario Financiero reported, citingunidentified sources involved in the talks.     Negotiations over the chamber’s offer to buy Citigroup’s 40percent stake in the fund for about $300 million were stoppedbecause of liquidity concerns at… Read More Chile’s Construction Chamber, Citigroup Halt AFP Habitat Talks

Chile’s Banco Santander Says High Inflation Slows Loan Growth

By Nathan Gill     Oct. 30 (Bloomberg) — Banco Santander Chile, the country’sbiggest lender, said consumer lending has slowed as higherinflation hurt lower-income customers.     Raimundo Monge, corporate director of strategy and financialplanning at the bank, said the company will compensate forfalling revenue from personal lending by focusing on moreaffluent consumers as well as local corporations.     “We… Read More Chile’s Banco Santander Says High Inflation Slows Loan Growth

MY FIRST CORRECT: Soquimich Comercial Nine-Month Net Rises (Correction)

      (Corrects company name in first paragraph.) By Nathan Gill     Oct. 28 (Bloomberg) — Soquimich Comercial SA, a Chileanfertilizer maker, said profit more than tripled for the firstnine months of this year as prices for its products rose.     Net income rose to 9.08 billion pesos ($13.4 million) from2.78 billion pesos a year earlier, the Santiago-based… Read More MY FIRST CORRECT: Soquimich Comercial Nine-Month Net Rises (Correction)

Chile Will Meet Long-Term Budget Surplus Goals, Velasco Says

By Nathan Gill     Oct. 24 (Bloomberg) — Chilean Finance Minister AndresVelasco comments on Chile and the international financialcrisis. He spoke to reporters today in Santiago. On the 2009 budget surplus:     “The important thing is the structural surplus, not theactual surplus. We have a long-term goal of the equivalent of0.5 percent of gross domestic product. We… Read More Chile Will Meet Long-Term Budget Surplus Goals, Velasco Says

Chile’s Cencosud Delays Projects Due to Credit Crisis (Update1)

By Nathan Gill     Oct. 23 (Bloomberg) — Cencosud SA, Chile’s biggestretailer, has delayed some projects because of the credit crisis,Chief Executive Officer Laurence Golborne said.     Cencosud’s home-improvement chain Easy has been “affected”by the global economic slowdown and is revising its investmentplans for 2009, he said.     “We have delayed a series of projects and we are… Read More Chile’s Cencosud Delays Projects Due to Credit Crisis (Update1)

Latin America Needs Market Confidence, IOSCO’s Tanzer Says

By Nathan Gill     Oct. 22 (Bloomberg) — Greg Tanzer, secretary general of theInternational Organization of Securities Commissions, comments onregulation and transparency in Latin American markets. Tanzerspoke at an interview in Santiago. On steps Latin American securities regulators should take toimprove their markets:     “For Latin American securities regulators, and forregulators in other parts of the world… Read More Latin America Needs Market Confidence, IOSCO’s Tanzer Says

Chile’s Central Bank May Sell Dollars If Needed, Corbo Says

By Nathan Gill     Oct. 16 (Bloomberg) — Chile’s former central bank PresidentVittorio Corbo comments on the effect of the financial crisis onChile’s economic outlook. Corbo spoke to reporters after aseminar in Santiago today. On the possibility that the Chilean central bank will selldollars to increase the value of the peso:     “The central bank will evaluate… Read More Chile’s Central Bank May Sell Dollars If Needed, Corbo Says