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Tuesday, August 6, 2013

Monthly Economic Activity Indicator rose to 4.2% in june

IMACECAccording to preliminary information, last June the IMACEC rose 4.2% over June 2012. The seasonally-adjusted series rose 1.0% with respect to the previous month, and 4.6% compared with the same month a year ago. The month came with one less working day than June 2012.

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Tuesday, May 28, 2013

LATAM Airlines reported it's consolidated results

LATAM Airlines Group reported operating income of USS114.2 million for first quarter 2013, a 149.8% increase compared to the USD $45.7 million pro forma operating income in first quarter 2012. Operating margin reached 3.4%, an increase of 2.0 points compared to 1.4% in 2012. This result reflects a steady recovery in business operations as we advance in the process of achieving the expected synergies from the merger between LAN and TAM.


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Monday, May 20, 2013

Chilean GDP grows 4.1% during 2013 first quarter

PIB ChileChilean Gross Domestic Product (GDP) gained 4.1% year on year in the first quarter of 2013, Chilean Central Bank reported on Monday.  On the same statement, the institution informed GDP from the fourth quarter 2012 was up 0.5 %, resulting in an annualized growth rate of 2.0%. Analysts were expecting GDP to come in at 4.5 %.

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Thursday, May 16, 2013

Central Bank keeps the monetary policy rate

Central Bank, policy rateAfter it's monthly monetary meeting, the Chilean Central Bank decided to keep the monetary policy interest rate at 5% (annual).  The board of the institution based it's decision in the improvements showed by the international financial conditions.

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Sunday, May 12, 2013

AES Gener earnings decreased 34% in the first quarter of 2013

AES GenerAES Gener presented it's financial information for the three first months of the current year. In this period, the company registered earnings of USD $62 million in the same period, 34% lower than the net income of USD $93 million in the same period in 2012.  At the same time, it reported an EBITDA of US$167 million, which represents a decrease of 10% over the first quarter of 2012, principally the result of lower gross profit in 2013.

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Wednesday, May 8, 2013

Chilean CPI falls 0.5% on-month in April

Inflation, CPI, Consumer Price Index
Chilean Consumer Price Index (CPI) registered a negative monthly variation of 0.5% according to the information released today by the National Statistics Institute (INE). Analyst expected a decline of  0.2% for the last month 

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Tuesday, May 7, 2013

Embonor obtained a net profit of CLP $13,046 millions during 1Q2013

EmbonorCoca Cola Embonor, one of the biggest chilean bottlers, with operations in Chile and Bolivia, reached a net profit of CLP $13,046 which represents an increase of 3.6% compared with the same period of last year, according to the information presented to the Chilean Securities and Insurance Supervisor (Superintendencia de Valores y Seguros - SVS).

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Félix de Vicente replaces Pablo Longueira as Minister of Economy

Felix de Vicente, Minister of Economy
Sebastián Piñera named Felix de Vicente, commercial engineer and now former director of ProChile, as Minister of Economy, Development and Tourism, replacing Pablo Longueira, new presidential candidate of the Independent Democratic Union (UDI).

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Chile's Ministry of Energy obtained USD $50 millions to develop PV projects


Solar Energy
The Chilean Ministry of Energy announced in a statement published on may, 6th that it had obtained funding to develop photovoltaic projects (PV) for USD $ 50 million from the Clean Technology Fund (CTF). The financial support will be provided by the Inter-American Development Bank (IADB) as soft loans for investors.

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Monday, May 6, 2013

Entel revenues reached CLP $377,646 during the first quarter of the year

Revenues of Empresa Nacional de Telecomunicaciones ("Entel") increased 11% in the first three months of this year.  Based on the consolidated information presented to the Chilean Securities and Insurance Supervisor (Superintendencia de Valores y Seguros - SVS), total revenues of the company reached CLP $377,646 millions, a bigger result compared with the CLP $ 340,321 millions of the last year. This situation could be explained by the good results in mobile and data services (including IT).

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SBS authorized the operation of AFP Habitat in Peru

AFP Habitat
The Peruvian Superintendency of Banking and Insurance (SBS) authorized the chileaAFP Habitat to begin operations as a Pension Fund Administrator in Peru.

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Central Bank releases March's Economic Activiy Index

IMACECAccording to preliminary information,  last March Economic Activity Index ("IMACEC") increased 3.1% over the same month a year before, chilean Central Bank informed today.  This results was under market expectations and consensus forecasts for this indicator.

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Thursday, May 2, 2013

Chilean banks won CLP $380,422 millions during the first quarter

BanksThe consolidated results of the chilean banking system (incluiding Corpbanca's investment in Colombia) reached CLP $380,422 millions during the three first months of the year 2013, according to the information released today by the Banking and Financial Institutions' Superintendence (SBIF).

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Wednesday, May 1, 2013

Colbun informed it's results for the first quarter of 2013

Colbún Generación Eléctrica
According to he information presented to the Chilean Securities and Insurance Supervisor (SVS), Colbún reached a profit of USD $ 24.4 millions in the period ended on march, 31, 2013.  This results is an increase from the USD $ 9.2 obtained in the same three months of the previous year.


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Enersis' net income decreased 16 percent during 2013 first quarter

Enersis
Enersis Group net income reached CLP $84,159 millions in the first quarter of 2013,  decreasing 16.4% from the CLP $100.661 millions registered in the same period of the last year, based on the information presented by the company to the Chilean Securities and Insurance Supervisor (Superintendencia de Valores y Seguros - SVS).

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Endesa's profits decreased 4% during 1Q2013

Endesa
Net profit attributable to the Parent Company of Endesa reached $63,334 million in the period ended on march 31, 2013, a 4.4% decrease compared to the figure posted in the first three months of 2012. This was largely due to the $14,950 million higher deferred tax expense in Chile and a one percent increase in the tax rate in Colombia.

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ENAP´s net income was US$ 52 million during the first quarter of 2013

ENAPThe net income of the state-owned ENAP was USD $ 52 million in the first quarter of 2013, which compares favorably with the loss of US$110 million on march 31, 2012 (net change of USD $ 162 million from one period to the other).

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Aguas Andinas' results were affected by water stoppages in January and February

Aguas AndinasAguas Andinas' earnings for the first quarter of 2013 reached Ch$38,205 million, 8.6% lower than the same period of the previous year, based on the information presented by the company to the Chilean Securities and Insurance Supervisor (Superintendencia de Valores y Seguros - SVS.

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Tuesday, April 30, 2013

30 millions in profits obtained Sonda during 2013 first quarter

SondaNet profits for USD $ 30.5 millions obtained Sonda during the first quarter of the current year, growing 17.4% compared with the same period of the last year, according to the information presented by the company to the chilean Securities and Insurance Supervisor Organism - SVS.

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Wednesday, April 24, 2013

Until 2015: Embonor is going to invest USD$ 105 millions

After a shareholders' meeting, Coca Cola Embonor's general manager, Cristian Holdberg, inform that the company will invest USD$105 millions during 2013 to increase it's production capacity and to strenght the bottling structure and market presence of the company.


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Latin American and Caribbean Growth Will Be 3.5% in 2013

CEPAL

Latin American and Caribbean countries will grow by 3.5% in 2013, thanks to buoyant internal demand and the improved performance of Argentina and Brazil compared with 2012, according to the new projections presented today by ECLAC ("Economic Commission for Latin America and the Caribbean") on it's "Updated economic overview of Latin America and the Caribbean 2012".


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Wednesday, April 17, 2013

First Quarter 2013: Concha y Toro increases in 2.2% it's sales

Viña Concha y Toro
Viña Concha y Toro S.A. informed today its preliminary sales for the first quarter 2013. Consolidated sales totaled CLP $ 88,416 million, showing a 2.2 percent increase as compared to the same quarter last year. Related to this, it is important to consider that export market volumes were affected by the port strike in Chile during March; where around 1,485 thousand liters couldn’t be shipped, acording to the same company.

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Tuesday, April 16, 2013

IMF: Good projections for the chilean economy

4.9 percent will grow the chilean economy in 2012, acording to the World Economic Outlook report, published by the International Monetary Fund (IMF) analyzing global and regional situations.  In the same report, the organism projects a 4.6 percent in 2014 in the same indicator for our country, giving a positive perspective in the evolution of this macroeconomic indicator for the next two years.

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Monday, April 15, 2013

Copper price fell down

Copper PriceCopper price fell 5.19% today, closing at US$ 3.2298 per pound in the London Metal Stock Exchange (LSE), acording to the information released by Cochilco (Comisión Chilena del Cobre).

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Friday, April 12, 2013

2012 GeoPark Results: another year of overall growth

GeoPark
GeoPark Holdings Limited ("GeoPark") announced yesterdary it's results for the year ended on december 31st, 2012, registering it's seventh consecutive year of overall growth. Acording to the corporate action presented to the SVS, during last year the company continued to execute it's business plan and grow it's key performance measures of oil and gas production, revenues, EBITDA and net income.

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Thursday, April 11, 2013

Chilean Central Bank maintains the interest rate

Central BankIn it's monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5% (annual).

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Monday, April 8, 2013

Dollar closes at CLP $ 467

Exchange RateThe dollar is still maintaining it's trend to going down, closing today at CLP $467.20, CLP $ 1.9 down from the price reached last Friday.

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CPI reached a 0.4% variation during last march

CPI,Inflation,Consumer Price IndexThe Consumer Price Index (CPI) recorded a monthly rise of 0.4%, accumulating 0.7% this year and 1.5% in twelve months, according to figures released today by the chilean National Statistics Institute (INE).

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Sunday, April 7, 2013

Entel acquires Nextel Perú

Entel
USD$ 400 million will pay ENTEL to acquire Nextel Peru's operations from the  hands of NII Holdings. With this transaction, the Chilean telecommunications company can position itself as a telecommunications operator in the neighboring country, where it participates in markets such as data transmission, fixed services, IT and call center.

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December 2012: Improved results of Farmacias Ahumada

Farmacias Ahumada,FASAA 167% grew Farmacias Ahumada's profits in the period ended December 31, 2012. According to the information sent by the company to the SVS, the consolidated result achieved a profit of $ 23,429,466, compared to $ 8,772,793 earned in 2011.

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ANAC: Sales of light vehicles are grown

Vehicle salesThis Friday, the National Automobile Association (ANAC) released a report indicating that light vehicle sales in March rose 9% over the same month last year. This means that during the third month of 2013 were sold 28,577 units, which contributed to the first half closed with a growth of 17%.

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Main chilean economic news, including macroeconomic information, industry performance and company results of each quarter.

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