Pinera to Run for President in Chile on Employment, Education

By Nathan Gill March 31 (Bloomberg) — Chilean billionaire Sebastian Pinera will present his presidential campaign platform this week, highlighting his plans for boosting employment and improving education in South America’s fifth-biggest economy.       Pinera, running as a candidate for the Alliance for Chile coalition, said his proposal would add 1 million jobs in five… Read More Pinera to Run for President in Chile on Employment, Education

Chile Stimulus Plan to Spur Job Growth, Velasco Says

By Nathan Gill March 31 (Bloomberg) — Chilean government spending will help create jobs, Finance Minister Andres Velasco said today after the unemployment rate rose to a two-year high last month.       The government’s $4 billion economic stimulus package and “solid and credible” institutions will allow Chile to limit the damage from the global financial… Read More Chile Stimulus Plan to Spur Job Growth, Velasco Says

Chileans Storm Pharmacies to Protest Price-Fixing on Medicine

By Nathan Gill and James Attwood March 27 (Bloomberg) — Chileans stormed pharmacies and the government pledged a crackdown after the country’s second-biggest drugstore chain said it joined with rivals to raise prices of life-saving medicine.      Crowds gathered outside pharmacies in downtown Santiago, waving placards and shouting their opposition to high prices, according to… Read More Chileans Storm Pharmacies to Protest Price-Fixing on Medicine

Chile’s Fasa Agrees to Pay $1 Million for Collusion

By James Attwood and Nathan Gill March 25 (Bloomberg) — Farmacias Ahumada SA, Chile’s second-biggest pharmacy chain known as Fasa, said it fixed medicine prices with rivals and will pay a $1 million fine.      Fasa reached an agreement with antitrust regulators in a case involving products sold from November 2007 to March 2008, the… Read More Chile’s Fasa Agrees to Pay $1 Million for Collusion

Peru Restarts War of the Pacific with UN Lawsuit against Chile

March 21, 2009 (Southern Affairs) — Peru, home of the ancient Incan Empire, is trying to win back by reason what it lost by force. On March 19, Peru asked the United Nations to settle a century-old dispute with its southern neighbor Chile over some of South America’s richest fishing grounds. Jose Garcia Belaunde, Peru’s… Read More Peru Restarts War of the Pacific with UN Lawsuit against Chile

Chile’s Cap Gains for a Fifth Day as Commodities Rise

By Nathan Gill March 19 (Bloomberg) — Cap SA, Chile’s biggest steel and iron-ore producer, rose for a fifth day in Santiago trading as commodities surged on speculation the Federal Reserve’s steps to revive the U.S. economy will boost demand for raw materials.      Santiago-based Cap gained 2 percent to 8,920 pesos, the highest since… Read More Chile’s Cap Gains for a Fifth Day as Commodities Rise

Peru Seeks UN Ruling on Chile Maritime Dispute, Garcia Says

By Nathan Gill March 19 (Bloomberg) — Peru presented the United Nations International Court of Justice in The Hague today with its claim to some of the world’s richest fishing grounds now held by Chile, Peruvian Foreign Minister Jose Garcia Belaunde said.      Garcia Belaunde said he’s confident the court will agree to hear the… Read More Peru Seeks UN Ruling on Chile Maritime Dispute, Garcia Says