By Nathan Gill and James Attwood Aug. 12 (Bloomberg) — Cap SA, the Chilean steelmaker that posted a first-half net loss yesterday, is seeking changes to bondholder protection rules governing capital requirements. Bondholders will be presented with a proposal on Aug. 28 to modify minimum capital levels, Banco Santander SA, which represents bondholders, said in… Read More Chile’s Cap Seeks Changes to Bondholder Protection Covenants
By Nathan Gill and Sebastian Boyd July 23 (Bloomberg) — Chile’s economy may be starting to recover from its slump as extra government spending spurs growth, Finance Minister Andres Velasco said today. Velasco has spent more than $4 billion this year on tax cuts and extra outlays. He will pull $8 billion from Chile’s offshore… Read More Chile Economy Showing Signs of Recovery, Finance Minister Velasco Says
By James Attwood and Nathan Gill July 23 (Bloomberg) — Sam Zell’s Equity International is seeking new real estate-related investments in Brazil as record low interest rates accelerate growth in Latin America’s biggest economy. Equity International is looking to tap Brazil’s “relatively immature” commercial real estate finance business after selling assets in Mexico and Chile,… Read More Zell’s Fund Chases Brazil Assets as Economy Recovers
By Nathan Gill and James Attwood July 22 (Bloomberg) — Salmon prices, which gained as much as a third in the U.S. this year, may extend the rally as a virus hurts output in Chile, the nation’s biggest publicly traded producer said. Prices may rise a further 20 percent this year amid tumbling… Read More Salmon Prices May Rise 20%, Chile’s Multiexport Says
By James Attwood and Nathan Gill July 20 (Bloomberg) — Empresas CMPC SA, Chile’s second-biggest pulp producer, rose the most in 10 weeks on speculation that recovering demand and prices will boost earnings. CMPC, controlled by Chile’s Matte family, climbed 6.7 percent to 15,591 pesos in Santiago trading. It was the biggest jump… Read More Chile’s CMPC Rallies on Speculation Pulp Outlook Is Improving
By Nathan Gill July 13 (Bloomberg) — Empresas La Polar SA, a Chilean retail company that targets middle-income earners, climbed the most in two weeks on speculation that central bank measures to reduce credit costs will boost consumer demand. The department-store owner rose 2.6 percent to 1,940 pesos in Santiago trading, extending a… Read More Chile’s La Polar Rises Most in 2 Weeks on Demand Speculation
By Nathan Gill July 8 (Bloomberg) — Enjoy SA, a Chilean casino operator, raised 23.1 billion pesos ($42 million) in the Santiago stock exchange’s first initial public offering this year. Enjoy sold 462 million shares for 50 pesos each, the Santiago-based company said in a statement today. The stock fell 1 percent to… Read More Enjoy Raises $42 Million in First Chile IPO This Year
By Nathan Gill July 8 (Bloomberg) — Enjoy SA, a Chilean casino operator, will offer initial shares in the company for 50 pesos per share, Francisco Martinez, the chief executive officer, said in a statement posted last night on the country’s securities regulator’s Web site.
By Nathan Gill July 8 (Bloomberg) — Enjoy SA, a Chilean casino operator, said it will sell shares for 50 pesos each in the Santiago stock exchange’s first initial public offering this year. The company will announce the full amount raised at a ceremony at the exchange today, according to a statement posted… Read More Enjoy to Sell Shares for 50 Pesos Each in Chile IPO
By Nathan Gill July 6 (Bloomberg) — Sociedad Quimica y Minera de Chile SA, Chile’s biggest fertilizer producer, dropped the most in two weeks on concern that a slump in grain prices may limit demand for the company’s products. The Santiago-based company known as Soquimich fell 1.3 percent to 19,674 pesos in Santiago… Read More Chile’s Soquimich Falls Most in Two Weeks on Demand Outlook
By Sebastian Boyd and Nathan Gill July 3 (Bloomberg) — Finance ministers from North and South America meeting in Chile agreed to push for more financing for multilateral lenders such as the World Bank and the Inter-American Development Bank, Chile’s Andres Velasco said. The IDB’s board may agree to vote for a capital… Read More Latin America Ministers Urge More Money for Lenders
By Sebastian Boyd and Nathan Gill July 3 (Bloomberg) — Chilean President Michelle Bachelet said her government supports the recapitalization of the Inter-American Development Bank to help developing countries cope with declining capital flows. Bachelet, speaking today to finance ministers from North and South America, urged member governments to help raise additional funding… Read More Bachelet Says Chile Supports Recapitalization of IDB
By Nathan Gill July 2 (Bloomberg) — Empresas La Polar SA, a Chilean department store operator, fell to the lowest in a month on concern higher-than-expected unemployment in the U.S. and Chile may crimp consumer spending at the company’s stores. La Polar slid 2.6 percent to 1,910 pesos in Santiago trading, the lowest since… Read More Chile’s La Polar Falls as Jobless Data Signals Consumer Slump
By Nathan Gill June 30 (Bloomberg) — Empresas La Polar SA, Chile’s fourth-largest department store chain, sank the most in seven months after saying it rejected a merger offer from supermarket chain Omega SA. La Polar fell 6.4 percent to 1,960 pesos in Santiago trading, its steepest drop since Nov. 20. The stock… Read More Chile’s La Polar Falls Most in 7 Months After Merger Rejected
By James Attwood and Nathan Gill June 17 (Bloomberg) — Chile’s construction industry may bottom out next quarter as unemployment in the industry peaks at 21 percent, about double the national rate, according to the country’s Chamber of Construction. “In October we were falling without a parachute, and now we’re falling slowly,” Chairman… Read More Chile Construction May Be Near Bottom, Chamber Says
By Nathan Gill and Jason Gale June 11 (Bloomberg) — Leaders of six swine flu-infected countries have been briefed by the World Health Organization in preparation for a “probable change” in the agency’s level of pandemic alert, Chile’s health ministry said. Officials in Australia, Chile, Japan, Mexico, the U.K. and the U.S. were… Read More Swine Flu Nations Briefed in Preparation for WHO Pandemic Call
By Nathan Gill June 11 (Bloomberg) — The World Health Organization spoke with authorities in Australia, Chile, Japan, Mexico, the U.K. and the U.S. yesterday to prepare for a “probable change” in the agency’s pandemic alert scale to the highest level, Chile’s health ministry said. The WHO sought information on the clinical protocols… Read More WHO Met Global Public Health Officials on Flu Alert
By Nathan Gill June 10 (Bloomberg) — Swine flu cases in Chile, the country with the most infections outside North America, may continue to climb until early July, health officials said. Confirmed cases reached 1,694, from 890 on June 5, the Ministry of Health in Santiago said in an e-mailed statement yesterday. The… Read More Swine Flu Cases May Increase Until July, Chile Says
By Nathan Gill June 9 (Bloomberg) — Parque Arauco SA, a Chilean shopping-center developer and operator, climbed to its highest in a year in Santiago trading on speculation that its expansion plans will boost earnings growth. Parque Arauco rose 3.2 percent to 514 pesos, the highest closing price since May 28, 2008. The… Read More Chile’s Parque Arauco Rises to 1-Year High on Profit Outlook
By Nathan Gill June 2 (Bloomberg) — Thousands of Chilean public school teachers marched in the capital on the 16th day of a nationwide strike to press their demands for what they say are unpaid bonuses. More than 5,000 teachers traveled to Santiago for the protest, said Jaime Gajardo, president of the Chilean… Read More Chile Teachers March on Capital on 16th Day of Strike
By Nathan Gill and James Attwood June 1 (Bloomberg) — Empresas Copec SA, Chile’s biggest forestry company, rose to the highest in almost a year as first-quarter profit matched some analysts’ estimates and raw-material prices advanced. Copec climbed 1.4 percent to 7,190 pesos in Santiago trading, the highest since June 13. The… Read More Chile’s Copec Rises to One-Year High on Profit, Commodities
By Nathan Gill May 29 (Bloomberg) — La Polar SA, Chile’s best-performing retailer this year, fell in Santiago trading on speculation Omega SA’s merger offer undervalues the company’s department stores. The Santiago-based retailer slipped 0.9 percent to 1,927.9 pesos. The shares surged 15 percent yesterday for the biggest gain in seven months. … Read More Chile’s La Polar Falls on Speculation Omega Undervalues Stock
By Nathan Gill May 29 (Bloomberg) — Ripley Corp SA rose to the highest in more than 11 months on speculation the Chilean retailer will integrate its department-store chain with Grupo Saieh’s supermarkets after Saieh bought a 20 percent stake in the company this month. Ripley climbed 5.8 percent to 418 pesos in… Read More Chile Department Store Ripley Rises to 11-Month High on Merger Speculation
By Nathan Gill May 26 (Bloomberg) — Chile’s health ministry confirmed 21 new cases of swine flu today, giving the country a total of 107, the health ministry said. Nineteen of the new cases resulted from “community transmission” in four different regions, Osvaldo Sagrado, an official in charge of health-care networks at the… Read More Chile Confirms 21 New Cases of Swine Flu, Now Has 107
By Sebastian Boyd and Nathan Gill May 21 (Bloomberg) — Chilean President Michelle Bachelet said managing the economic crisis is her top priority and emphasized her commitment to social welfare in a speech laying out her policies for the next 10 months. The government plans to pay a bonus of 40,000… Read More Bachelet Sets Chile’s Priorities as Economy, Welfare
By Sebastian Boyd and Nathan Gill May 19 (Bloomberg) — Chilean health officials confirmed five new cases of swine flu today, bringing the country’s total to 10, President Michelle Bachelet told reporters in Santiago. The confirmed cases include three women who traveled from the Dominican Republic, and a further cluster of… Read More Chile Confirmed 10 Cases of Swine Flu, Bachelet Says
By Nathan Gill and James Attwood May 18 (Bloomberg) — Chile confirmed three new cases of swine flu, bringing the number of people known to be infected to in the country to five, health officials said today in Santiago. A 6-year-old child is receiving treatment at home and his Santiago school… Read More Swine Flu Sickens 3 More in Chile, Including Children
By Nathan Gill and Sebastian Boyd May 17 (Bloomberg) — Two female tourists returning from the Dominican Republic became Chile’s first confirmed cases of swine flu, Health Minister Alvaro Erazo told reporters today in Santiago. They arrived in Chile yesterday on Copa Airlines Flight 437 from the beach resort of Punta… Read More Chile Reports First Swine-Flu Victims, Minister Says
By Nathan Gill May 14 (Bloomberg) — Paulo de Sousa Oliveira Jr., chief business development officer of BM&FBovespa SA, Latin America’s largest exchange, comments on plans to integrate with Chile’s stock exchanges. Oliveira spoke in Spanish to reporters in Santiago today. On plans to integrate with Chile’s exchanges: “The idea we… Read More BM&FBovespa Proceeding With Chile Trading Plans, Oliveira Says
By Matthew Craze and Nathan Gill May 13 (Bloomberg) — Empresa Nacional del Petroleo, Chile’s state-controlled oil and gas company, said the start-up of a liquefied natural-gas plant will help the company’s refinery business return to profitability. The Quintero LNG plant will reduce power costs at the company’s Aconcagua refinery by… Read More Enap Says Chile Quintero Plant to Help Profitability
By Nathan Gill May 13 (Bloomberg) — Ripley Corp SA, a Chilean department-store operator, fell the most in more than five months on speculation a government proposal to create a national credit database will hurt retailers’ profits from credit card sales. The Santiago-based retailer dropped 4.5 percent to 360 pesos in… Read More Ripley Falls Most in 5 Months on Fear Database to Hurt Profit
By Nathan Gill and James Attwood May 7 (Bloomberg) — Lan Airlines SA, Chile’s biggest air carrier, is interested in forming an alliance with a partner “north of Ecuador,” Chief Executive Officer Enrique Cueto said. Lan hasn’t reached any agreements and is looking for new markets to expand its cargo and passenger business, Cueto told… Read More Chile’s Lan Seeks Airline Partner, Traffic Expansion
By Nathan Gill and James Attwood May 7 (Bloomberg) — SACI Falabella SA, Chile’s biggest retailer by market value, plans to invest $2 billion through 2012 to expand in Latin America, Chief Executive Officer Juan Benavides said. Falabella is seeking opportunities in Colombia while its “very big” investment plans for Peru will depend on how… Read More Falabella Plans to Invest $2 Billion Through 2012
