The impeachment trial that could end in the dismissal of the president of Chile, Sebastián Piñera, faces his last day in the Senate on Tuesday with an unprecedented vote that could last until early Wednesday morning. At 9 a.m. (local time), the High camera began to analyze the accusation against the president, initiated by alleged […]
Tag: Chile
Inflation, pensions and inequality: Chile’s economic challenges
A skyrocketing inflation, a pension system undercapitalized and exacerbated inequality after the pandemic: the next president of Chile He will lead a country that ceased to be the “oasis” that it was before October 2019, when the most serious protests erupted since the dictatorship. The seven candidates who will compete on November 21 to reach […]
New Chilean Congress is key in polarized election
The presidential elections may be stealing the headlines in Chile, but bond traders will be behind the result of the parliamentarians. While the market has internalized that the leftist Gabriel Boric and the conservative Jose Antonio Kast would go to the second round of the presidential elections, there is much less certainty about the result […]
Chilean fund Megeve Investments buys hydrocarbon exploitation concession in Vaca Muerta Argentina
Updated on 11/15/2021 07:56 pm The Chilean investment fund Megeve Investments acquired the Aguada del Chivato – Aguada Bocarey hydrocarbon exploitation concession, in Vaca Muerta in Argentina, which will be operated by its company Patagonia Energy SA, the company said in a statement. Dead cow It is a formation of unconventional hydrocarbons, from an area […]
Chile, the “oasis” that erupted in protests, holds crucial elections
Two years after experiencing the most serious social and political crisis of the last three decades, Chile faces its most relevant electoral process of the 21st century, in the middle of a constituent process that for many experts will culminate the transition that began after the end of the military dictatorship in 1990. To the […]
Chile, one week away from the most crucial elections in its recent history
In the last year and a half there have been few times that chilean have been summoned to urns: a plebiscite for a new Magna Carta, a constituent election, a municipal vote and the first regional elections in its history. But this November 21, in which the new president who will relieve the conservative Sebastián […]
In the Atacama desert, the toxic cemetery of disposable fashion
The desired garment, the ideal size and the dream brand: it is not a large store or a generous wardrobe but the desert of Atacama on Chile turned into a clandestine garbage dump for clothes that are bought, dressed and thrown away in the United States, Europe and Asia. Colorful hills rise out of the […]
The free market could stop radical change to the Chilean model
Juan Andrés Fontaine and José De Gregorio have been, with nuances, guardians of Chile’s free market economy for more than three decades from their positions as central bankers, finance ministers and academics. That is why, like many of the old school in Santiago, they have watched with concern how widespread protests have led to an […]
Chilean stocks seem cheap, but political risk increases in the country
The favoritism of the Chilean market is threatened by its political and economic landscape, but investors see an opportunity as the country heads to a presidential election without a clear favorite, while drafting a new constitution. Chilean stocks are back in the black in the year after the rise of right-wing candidate José Antonio Kast […]
New lithium contracts attract interest from 57 companies in Chile
Updated on 11/10/2021 05:12 am In the latest sign of how hot the lithium market is right now, 57 companies have shown interest in new contracts to explore and produce the metal used in batteries in Chile, the government reported. Although the bidding process is still in an early stage, authorities expect to hear about […]