International Business News - Chile http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Officials say Chile will invest $300 million over the next three years to explore for oil and gas in its southernmost region of Magellan. The exploration manager for the state-run National Petroleum Company says the figure is about half of the company's total investments planned for the period. Nelson Munoz spoke Tuesday. http://www.ibtimes.com/articles/20080722/chile-to-invest-300-million-for-gas-hunting.htm Tue, 22 Jul 2008 14:10:40 EDT General Motors Corp. said Thursday one of its Chinese joint ventures has begun exporting Chevrolet minivans to Peru, adding to global automakers' small but growing vehicle exports from China. http://www.ibtimes.com/articles/20080717/gm-to-sell-china-made-minivans-in-peru.htm Thu, 17 Jul 2008 09:01:34 EDT Chile's Central Bank has raised its benchmark interest rate to a nine-year high of 7.25 percent in a bid to curb inflation. The new rate is the highest since October 1998. The interest rate was 6.25 percent before Thursday's hike. http://www.ibtimes.com/articles/20080711/chile-hikes-interest-rate-to-7-25-pct.htm Fri, 11 Jul 2008 12:54:22 EDT Chile's Central Bank says annual economic growth slowed to 2.1 percent in May as one of Latin America's most stable economies cools amid a global downturn. http://www.ibtimes.com/articles/20080707/chile-growth-slows-to-2-1-percent-in-may.htm Mon, 07 Jul 2008 18:36:43 EDT A red stream of lava flowed down the flanks of the Llaima volcano in southern Chile on Tuesday and officials said they evacuated about a dozen people. http://www.ibtimes.com/articles/20080701/chile-moves-people-from-path-of-volcano-lava.htm Tue, 01 Jul 2008 11:27:10 EDT A judge says he has imposed two sentences of life in prison on the security chief for former dictator Augusto Pinochet. Judge Alejandro Solis said Monday he sentenced retired Gen. Manuel Contreras to two consecutive life prison terms for the killing of retired army chief Carlos Prats and his wife. http://www.ibtimes.com/articles/20080630/former-chile-security-chief-gets-life-sentences.htm Mon, 30 Jun 2008 12:28:44 EDT The International Whaling Commission ended its annual conference on Friday, leaving all the tough work on expanding or restricting whale hunting still ahead of it. http://www.ibtimes.com/articles/20080627/whale-meeting-ends-tough-calls-delayed.htm Fri, 27 Jun 2008 13:50:11 EDT The International Whaling Commission has turned down a request from Denmark to allow indigenous fishermen in Greenland to catch 10 humpback whales a year. http://www.ibtimes.com/articles/20080626/greenland-denied-humback-whaling-permit.htm Thu, 26 Jun 2008 18:44:40 EDT A deadlock between pro- and anti-whaling nations led the International Whaling Commission to put off the most controversial issues on its agenda Tuesday and agree on a committee to overcome differences--probably by next year. http://www.ibtimes.com/articles/20080624/chilean-president-pushes-whaling-ban.htm Tue, 24 Jun 2008 16:25:15 EDT Chile's public works minister says the country is considering a 14-mile (23-kilometer) tunnel through the Andes to speed trade with Argentina. Sergio Bitar says the tunnel proposed by an Argentine-Brazilian consortium would cost about $2.3 billion. It would serve train and truck transport. http://www.ibtimes.com/articles/20080618/chile-may-build-tunnel-through-andes.htm Wed, 18 Jun 2008 15:35:29 EDT Chile's minimum wage is rising 10.4 percent to the equivalent of $318 a month. The government and the country's chief labor federation agreed late Monday on the new wage that takes effect July 1. http://www.ibtimes.com/articles/20080617/chiles-minimum-monthly-wage-rises-to-318.htm Tue, 17 Jun 2008 12:40:40 EDT The six-week eruption of a volcano in southern Chile has regained strength with bursts of thick gas, seismic rumblings and the emergence of two new craters. http://www.ibtimes.com/articles/20080613/chile-volcano-eruption-regains-strength.htm Fri, 13 Jun 2008 15:57:29 EDT Nine survivors of a plane crash in Chile's frigid southern forests said they survived a four-day wait for rescue by huddling close together for warmth, sheltering inside the wreckage and sharing what food they had. http://www.ibtimes.com/data/articleimgs/69929-chile-missing-plane.jpg http://www.ibtimes.com/articles/20080612/chile-plane-crash-survivors-tell-their-story.htm http://www.ibtimes.com/articles/20080612/chile-plane-crash-survivors-tell-their-story.htm Thu, 12 Jun 2008 11:21:28 EDT A plane carrying 10 people that disappeared four days ago in Chile's frigid southern forests was found Wednesday with nine survivors who stayed alive by huddling for warmth, sharing food and sheltering in the plane's wreckage. http://www.ibtimes.com/data/articleimgs/69425-chile-missing-plane.jpg http://www.ibtimes.com/articles/20080611/survivors-found-after-plane-crash-in-chile.htm http://www.ibtimes.com/articles/20080611/survivors-found-after-plane-crash-in-chile.htm Wed, 11 Jun 2008 23:02:50 EDT Officials say an airplane carrying 10 people is missing after taking off from an airport in southern Chile. Air Force Gen. Hugo Pena says the Cessna 208 Caravan took off early Saturday afternoon from the Puerto Montt airport 650 miles (1,000 kilometers) south of Santiago. It has been missing for several hours. http://www.ibtimes.com/data/articleimgs/19400-macys-changes.jpg http://www.ibtimes.com/articles/20080607/plane-with-10-people-missing-in-chile.htm http://www.ibtimes.com/articles/20080607/plane-with-10-people-missing-in-chile.htm Sat, 07 Jun 2008 21:05:00 EDT Chilean truckers say they are ending a three-day nationwide strike because the government agreed to their demand to cut taxes on diesel fuel. Truckers union leader Juan Araya says the agreement reached early Friday "meets many of our demands." http://www.ibtimes.com/articles/20080606/chilean-truckers-end-strike-after-tax-cut.htm Fri, 06 Jun 2008 12:18:52 EDT First they saved the people. Then they rescued the dogs and cats. Finally they went in for the fish--6,000 tons of them--threatened by a volcanic eruption in southern Chile. http://www.ibtimes.com/articles/20080527/salmon-rescued-from-volcano-area.htm Tue, 27 May 2008 13:00:20 EDT Copper prices climbed on Friday on worries that a new strike in Chile's Codelco, the largest copper producer of copper in the world, may diminish supplies of the metal. http://www.ibtimes.com/articles/20080516/copper-coldeco-chile-mexico-commodities.htm Fri, 16 May 2008 17:27:39 EDT A retired army colonel has been charged in the killing of renowned Chilean folk singer Victor Jara following the 1973 coup led by Gen. Augusto Pinochet. http://www.ibtimes.com/articles/20080515/retired-chilean-officer-charged-in-singers-death.htm Thu, 15 May 2008 13:25:20 EDT Chile's government will give victims of an erupting volcano cash, tax relief and financial help rebuilding their farms and businesses in a bid to get them to return to their homes, the interior minister said Tuesday. http://www.ibtimes.com/articles/20080513/chile-to-compensate-volcano-victims.htm Tue, 13 May 2008 15:37:09 EDT