Latin America Increases Military Spending As Poverty Grows Worse
Comments OffLeaders of Latin American nations have embarked on record military spending, while their citizens face the worst level of poverty in years.
Tension between neighboring countries and the Colombian government’s decision to forge closer ties with the United States in its fight against drugs have fueled what some are calling an arms race.
“This trend is worrisome,” [...]
Chile invites Peru to disputed military exercise
Comments OffThe Chilean air force said Tuesday it has invited its Peruvian counterpart to send observers to military maneuvers that Peru has interpreted as threatening and wants canceled.
The air exercise is set for late October in an area of northern Chile near Peru and is to include participation by the air forces of the United States, [...]
Chile's $5.7 Bln In New Public Spending Not Seen As Stimulus
The $5.7 billion increase in Chile’s public spending will offset falling tax revenues as the economy skids, but isn’t likely to get it back on the fast track anytime soon.
The government announced Monday it will increase spending this year 14.5% from 2008 as it seeks to boost sagging economic growth and cover the gap in [...]
Chilean orange shipments concern South African exporters
Comments OffSouth African oranges will compete with Chilean oranges for the first time in the U.S. this summer, following the U.S. Department of Agriculture’s approval of the Chilean fruit this summer. This box of South African navels, packed for Costco by A.L.G. Estates, Citrusdal, bears the Western Cape Citrus Producers Forum’s Summer Citrus logo.
“Our market [...]
Chile Peso at 8 month High!
The Chilean peso closed at an eight-month high against the U.S. dollar Friday, after recovering from an early session tumble.
The peso ended the session at CLP559.00 to the dollar, compared with CLP561.80 the previous session, after moving in a CLP558.50 to CLP562.30 range.
The peso opened weaker on the consumer price and industrial production data released [...]
