By Nathan Gill Jan. 30 (Bloomberg) — Chile’s unemployment rate was unchanged for a third straight month in December at 7.5 percent, the National Statistics Institute said. The rate reported today was higher than the 7.3 percent median estimate of 12 economists in a Bloomberg survey. President Michelle Bachelet today signed into… Read More Chile Unemployment Rate Unchanged at 7.5% in December (Update1)
By Nathan Gill Jan. 29 (Bloomberg) — Chile’s Finance Minister Andres Velasco said a contraction in world demand will affect exports and increase the costs of financing for projects in Chile. A drop in 2009 global growth means a “more somber outlook” for Chile, Velasco said today in Davos, Switzerland, according to a… Read More Chile’s Velasco Says Global Slump Will Hit Exports, Financing
By Nathan Gill Jan. 26 (Bloomberg) — Companies in Chile have delayed or canceled about a quarter of their planned investments, according to Chile’s Technological Development & Capital Goods Corp. About $17 billion of the $64 billion of planned investments in mining, real-estate, industrial, forestry and energy projects planned through 2012 were shelved… Read More Chile Projects Delayed, Canceled on Lack of Funding (Update1)
By Nathan Gill Jan. 23 (Bloomberg) — Chile’s Finance Minister Andres Velasco comments on the availability of credit. Velasco spoke to reporters today after a meeting with members of the Association of Banks and Financial Institutions. On banks: “Everyone should use every available tool to alleviate the effects of the international crisis on… Read More Chile’s Andres Velasco Urges Banks to Open Up Access to Credit
By Nathan Gill Jan. 22 (Bloomberg) — Guillermo Tagle, vice president of Chile’s Capital Markets Consultative Council and executive director of Santiago-based IM Trust Corredores de Bolsa, comments on the country’s Jan. 8 decision to sell $1 billion of local currency bonds. Tagle spoke to reporters today in Santiago after a meeting with the… Read More Chile’s Bond Sale Creates Reference Point for Risk, Tagle Says
By Heather Walsh and Nathan Gill Jan. 21 (Bloomberg) — Chile, the world’s biggest producer of copper, said electricity bills will decline 1.6 percent for residents in the nation’s most populated areas. Energy prices will rise 14 percent for residents of northern Chile, Energy Minister Marcelo Tokman told reporters today in Santiago.
By Nathan Gill and James Attwood Jan. 20 (Bloomberg) — Cencosud SA, Chile’s biggest retailer, plans to return to the debt levels it maintained before making a series of acquisitions starting in 2007. The Santiago-based operator of department stores, supermarkets and home-improvement outlets plans to issue 21-year bonds worth 3 million UF, Chile’s… Read More Chile’s Cencosud Seeks Return to 2007 Debt Levels (Update1)