Chilean Market Wrap-Up: January 11, 2013
The Chilean IPSA was down about 21 points on Friday after 8 straight up trading days to close the week at 4,438.66. SANTIAGO — The IPSA is now up 3.2 percent for 2013 compared to up 3.0 percent for all...
View ArticleChina’s Sky Solar to Invest Over $1 Billion in Chile
China solar-energy developer, Sky Solar Holdings, has announced that they will invest US$1.36 billion in Chile. Sky Solar is financially supported by the China Development Bank. BEIJING, CHINA — At a...
View ArticleChile Shows Fifth Highest Foreign Investment of OECD Countries
Luxembourg, Ireland, Australia and Belgium lead the list, with Chile following immediately behind. SANTIAGO — Foreign investment creates enormous benefits in a country’s economy, increasing production...
View ArticleChilean Market Wrap Up – February 16, 2013
We saw another week of “backing and filling” with relatively no movement in Chile’s IPSA stock index ending the week up less than 10 points at 4,598.23. SANTIAGO — Looking into the index’s make-up it...
View ArticleUS Fed and China Depress Commidity Prices
Moves by the US Federal Reserve and the government of China have sent commodity prices down dramatically this week. WASHINGTON/BEIJING — Minutes from the last US Federal Open Market Committee (FOMC)...
View ArticleAberdeen Chile Fund Release Performance Data
Aberdeen Chile Fund (CH, NYSE, 52 week range 13.74 – 19.43), a closed-end equity fund that trades on the NYSE, announced its performance data and portfolio make-up as on January 31, 2013. The Fund...
View ArticleAntofagasta Shares Spike on Increased Dividend
Chilean mining company Antofagasta, based in London, saw their shares pop after reporting earning and revenues in line with expectations. LONDON, ENGLAND — What really drove the shares higher was the...
View ArticleCentral Bank Raises Growth, Lowers Inflation Forecasts
The Chilean Central Bank published their quarterly monetary policy report lowering inflation forecast and raising economic growth estimates, indicating that interest rates will hold for at least six...
View ArticleInflation Up, Peso Breaks Out of Trading Range
Chile’s National Statistics Institute reported that March’s inflation rate was the fastest in five months sending the peso to its highest level in 1½ years. SANTIAGO — Consumer prices rose 0.4 percent...
View ArticleChina GDP Rocks Commodities, Especially Gold and Copper
China growth numbers rocked commodities, especially gold, sending it to a two-year low. Lower copper prices dropped the IPSA and the peso. China reported that their gross domestic product (GDP)...
View ArticlePennsylvania and Chile Look Forward to Fruitful Partnerships
Pennsylvania and Chile have entered into a range of trade agreements that will create more partnerships and opportunities for expansion between the two nations. SANTIAGO — Pennsylvania and Chile are...
View ArticleLATAM Shares Rise on Upgrades
LATAM shares are up 7 percent from a 52-week low of US$20,03. Shares for the LATAM Airlines Group (LAN) are coming off a 52-week low after being upgraded by both JP Morgan and Deutsche Bank. LAN shares...
View ArticleBarrick Gold’s Earnings Down, Rethinking Pascua Lama
Barrick Gold revenues down due to lower gold and copper prices. Barrick Gold reported first quarter 2013 revenues and profits that were lower than the year earlier period due to lower gold and copper...
View ArticleAguas Andinas to Pay Out US$5-million, Q1 Profits Slide
Aguas Andinas sales volume also off by 2.9-million cubic meters. Chile’s largest water utility company serving Santiago, Aguas Andinas, reported lower profits and sales for the first quarter of 2013....
View ArticleBanco Santander Earnings Miss, Share Price Down
Banco Santander Chile reported lower first quarter 2013 earnings primarily due lower inflation, lower net interest margins and a higher corporate tax rate. In the first quarter of 2013, net income was...
View ArticleChile Inflation Measurements Called into Question
Are Chile inflation figures reliable? What could the 2012 census irregularities mean for the investor? Outdated methodologies for Chile inflation figures have a real effect on government debt payments....
View ArticleLATAM Air Group To Issue US$1B In New Shares
LATAM Airlines Group’s (LAN) board of directors is calling for an “extraordinary” shareholders meeting to approve the issuance of approximately US$1-billion in new equity. The shareholder meeting is...
View ArticleChile ETF Ranks Near Bottom in April
Single country exchange-traded fund (ETF) performance for the month of April shows Chile as the second-worst. Seeking Alpha wrote that commodity and export based countries were affected by the...
View ArticlePeso and LATAM Start the Week Lower
As trading begins for the week we are seeing the peso respond to currency movements in Europe and Japan. LATAM Airlines Group’s shares dropped on the first monthly traffic drop posted in April since...
View Article“Hard Landing” in China?
Will China have a “hard landing” as we see their economy slowing? And what should Chile do about its copper prices? A survey by JP Morgan shows 29 percent of fund managers were underweight in China to...
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